Govwatch

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4569 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4569

 To amend the Internal Revenue Code of 1986 to provide incentives for 
           the domestic production of printed circuit boards.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                              May 19, 2026

  Mr. Gallego (for himself and Mr. Justice) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL

 
 To amend the Internal Revenue Code of 1986 to provide incentives for 
           the domestic production of printed circuit boards.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Circuit Boards and 
Substrates Act''.

SEC. 2. CREDIT FOR PURCHASE OR ACQUISITION OF PRINTED CIRCUIT BOARDS 
              MANUFACTURED IN THE UNITED STATES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 45BB. CREDIT FOR PURCHASE OR ACQUISITION OF PRINTED CIRCUIT 
              BOARDS MANUFACTURED IN THE UNITED STATES.

    ``(a) In General.--For purposes of section 38, the printed circuit 
board credit for any taxable year is an amount equal to 25 percent of 
the amount paid or incurred by the taxpayer during such taxable year 
for the purchase or acquisition of printed circuit boards which are 
fabricated in the United States.
    ``(b) Definitions.--In this section--
            ``(1) Fabricated.--The term `fabricated' means the use of 
        raw materials to manufacture a connected composite structure 
        featuring electrically conductive and non-conductive elements 
        by subtractive, additive, or other technique.
            ``(2) Printed circuit board.--The term `printed circuit 
        board' means--
                    ``(A) a composite structure of layered electrically 
                conductive and non-conductive materials that provides--
                            ``(i) interconnections with--
                                    ``(I) other micro-electronics, or
                                    ``(II) other electronics systems or 
                                subsystems, and
                            ``(ii) electrical connections between 
                        active and passive components, and
                    ``(B) any components embedded in the composite 
                structure described in subparagraph (A).
    ``(c) Regulations and Guidance.--The Secretary shall, in 
consultation with the Secretary of Commerce and the Secretary of Labor, 
promulgate such regulations and guidance as may be necessary or 
appropriate to carry out this section.''.
    (b) Credit To Be Part of General Business Credit.--Subsection (b) 
of section 38 of such Code is amended by striking ``plus'' at the end 
of paragraph (40), by striking the period at the end of paragraph (41) 
and inserting ``, plus'', and by adding at the end the following new 
paragraph:
            ``(42) the printed circuit board credit determined under 
        section 45BB(a).''.
    (c) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following new item:

``Sec. 45BB. Credit for purchase or acquisition of printed circuit 
                            boards manufactured in the United 
                            States.''.
    (d) Effective Dates.--The amendments made by this section shall 
apply to amounts paid or incurred after December 31, 2025.
                                 <all>
Protecting Circuit Boards and Substrates Act

Full Text
