HR 7104
117th Congress
House
Taxation
FABS Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2022
Referred to the House Committee on Ways and Means.
Mar 16, 2022
Introduced in House
Plain-English summary
Facilitating American-Built Semiconductors Act or the FABS Act
This bill allows a new tax credit through 2032 for investment in any semiconductor manufacturing facility and for semiconductor design expenditures.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1