Domestic USA Act

Hozzl · 2023-12-15T15:58:25Z

Explore the details of House Bill 3514 Domestic USA Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 3:58 PM

Summary of Bill HR 3514

The Domestic USA Act, also known as Bill 118 hr 3514, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote domestic manufacturing and job creation within the United States.

One of the key provisions of the Domestic USA Act is the establishment of a new tax credit for companies that produce goods within the US. This tax credit is intended to incentivize businesses to keep their manufacturing operations within the country, rather than outsourcing them to other countries with lower labor costs.

Additionally, the bill includes measures to streamline the permitting process for new manufacturing facilities, making it easier for companies to set up operations in the US. This is aimed at reducing the regulatory burden on businesses and encouraging investment in domestic manufacturing. The Domestic USA Act also includes provisions to support workforce development and training programs, with the goal of ensuring that American workers have the skills they need to compete in the global economy. This includes funding for apprenticeship programs and other initiatives to help workers gain the skills they need to succeed in the manufacturing sector. Overall, the Domestic USA Act is focused on promoting domestic manufacturing and job creation in the United States. It includes a range of measures aimed at incentivizing companies to keep their operations within the country, streamlining the permitting process for new manufacturing facilities, and supporting workforce development programs to ensure that American workers have the skills they need to succeed in the manufacturing sector.

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Current Status of Bill HR 3514

Bill HR 3514 is currently in the status of Bill Introduced since May 18, 2023. Bill HR 3514 was introduced during Congress 118 and was introduced to the House on May 18, 2023. Bill HR 3514's most recent activity was Referred to the Subcommittee on Energy and Mineral Resources. as of June 9, 2023

Bipartisan Support of Bill HR 3514

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3514

Primary Policy Focus

Energy

Potential Impact Areas

Department of the InteriorMetalsStrategic materials and reserves

Alternate Title(s) of Bill HR 3514

Domestic USA ActDomestic USA ActDomestic Uranium Saves America ActTo provide for the inclusion of uranium on the list of critical minerals, and for other purposes.

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