Bring Entrepreneurial Advancements To Consumers Here In North America Act
4/12/2025, 3:23 AMSummary of Bill HR 2652
Bill 119 HR 2652, also known as the "Manufacturing American Prosperity Act," aims to amend the Internal Revenue Code of 1986 in order to encourage companies to relocate their manufacturing operations to the United States. The bill proposes providing incentives for companies that bring their manufacturing back to the US, including permanent full expensing for qualified property.Under this bill, companies that relocate their manufacturing operations to the US would be eligible for tax incentives that would allow them to fully expense qualified property, meaning they could deduct the full cost of investments in new equipment and facilities in the year they are made. This is intended to make it more financially attractive for companies to bring their manufacturing back to the US and create jobs for American workers.
In addition to providing incentives for relocating manufacturing to the US, the bill also includes provisions for other purposes related to promoting American manufacturing and economic growth. The bill is designed to boost the US economy by encouraging companies to invest in domestic manufacturing and create jobs for American workers. Overall, Bill 119 HR 2652 seeks to stimulate the US manufacturing sector by providing tax incentives for companies to relocate their operations to the US and invest in new equipment and facilities. The bill aims to promote economic growth and create jobs for American workers by incentivizing companies to bring their manufacturing back to the US.
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Current Status of Bill HR 2652
Bill HR 2652 is currently in the status of Bill Introduced since April 3, 2025. Bill HR 2652 was introduced during Congress 119 and was introduced to the House on April 3, 2025. Bill HR 2652's most recent activity was Referred to the House Committee on Ways and Means. as of April 3, 2025Bipartisan Support of Bill HR 2652
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2652
Primary Policy Focus
Alternate Title(s) of Bill HR 2652
To amend the Internal Revenue Code of 1986 to provide incentives for relocating manufacturing to the United States, permanent full expensing for qualified property, and for other purposes.To amend the Internal Revenue Code of 1986 to provide incentives for relocating manufacturing to the United States, permanent full expensing for qualified property, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 2652
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