To establish a loan program to expand capabilities to manufacture critical materials to secure the United States supply chain, to amend the Internal Revenue Code of 1986 to provide credits for qualified investments into critical material facilities and production credits for manufacturing critical materials, and to authorize cross-cutting research, development, and demonstration activities relating to critical material supply chains, and for other purposes.

7/24/2025, 8:06 AM

Summary of Bill HR 4350

H.R. 4350, introduced in the 119th Congress on July 10, 2025, aims to establish a loan program to enhance the manufacturing capabilities of critical materials in the United States to secure the national supply chain. The bill proposes amending the Internal Revenue Code of 1986 to offer credits for qualified investments in critical material facilities and manufacturing of such materials. Additionally, it seeks to authorize research, development, and demonstration activities that cut across various sectors to strengthen the supply chains of critical materials.

Current Status of Bill HR 4350

Bill HR 4350 is currently in the status of Bill Introduced since July 10, 2025. Bill HR 4350 was introduced during Congress 119 and was introduced to the House on July 10, 2025. Bill HR 4350's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Natural Resources, Education and Workforce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of July 10, 2025

Bipartisan Support of Bill HR 4350

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Unaffiliated Sponsors

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Policy Area and Potential Impact of Bill HR 4350

Primary Policy Focus

Alternate Title(s) of Bill HR 4350

To establish a loan program to expand capabilities to manufacture critical materials to secure the United States supply chain, to amend the Internal Revenue Code of 1986 to provide credits for qualified investments into critical material facilities and production credits for manufacturing critical materials, and to authorize cross-cutting research, development, and demonstration activities relating to critical material supply chains, and for other purposes.