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This bill creates tax credits and a financial assistance program to boost domestic manufacturing of printed circuit boards and integrated circuit substrates in the United States.
Sec. 2, Tax credit for U.S.-made printed circuit boards and substrates: A new tax credit equal to 25 percent of the cost paid for printed circuit boards and integrated circuit substrates fabricated in the United States is established for taxable years, effective for amounts paid after December 31, 2025. The credit is part of the general business credit.
Sec. 3, Financial assistance program for manufacturing and R&D: The Secretary of Commerce must establish a program to provide federal financial assistance to private entities, consortia, or public-private entities for constructing, expanding, or modernizing facilities in the United States for manufacturing or research and development of printed circuit boards and integrated circuit substrates. Eligible projects include workforce incentives, real property concessions, and R&D funding. Applications must show a documented interest, a sustainable plan, worker and community investment commitments, and workforce training partnerships (small businesses are exempt from some requirements). Preferences are given to small, minority-owned, women-owned, or veteran-owned businesses, projects expanding U.S. production capacity, relocating from foreign entities of concern, or including workforce training programs at certain educational institutions. Awards cannot exceed $300 million per project unless the President notifies Congress that a larger award is needed for national security. Funds can only be used for covered incentives and related operating expenses. The bill includes clawback provisions for delays or joint research with foreign entities of concern. The Secretary must coordinate with multiple agencies, and the Comptroller General must conduct biennial reviews for 10 years. $3 billion is authorized for fiscal year 2026, available through fiscal year 2065.
Summary of the bill text as introduced in House (May 23, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
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Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.