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S 2107 117th Congress Senate Taxation Business investment and capital Income tax credits Industrial facilities Manufacturing

FABS Act

Introduced: June 17, 2021 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 2021
Read twice and referred to the Committee on Finance.
Jun 17, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Facilitating American-Built Semiconductors Act or the FABS Act

This bill allows a new tax credit for investment in a semiconductor manufacturing facility and semiconductor manufacturing property.

What's happening now June 17, 2021

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 3 Republican 5
R
Cruz, Ted
Texas · Jul 21, 2022
 D
Schumer, Charles E.
New York · Jul 21, 2022
 R
Tillis, Thomas
North Carolina · Nov 4, 2021
 D
Kelly, Mark
Arizona · Oct 27, 2021
 R
Cornyn, John
Texas · Jun 17, 2021
 R
Crapo, Mike
Idaho · Jun 17, 2021
 R
Daines, Steve
Montana · Jun 17, 2021
 D
Warner, Mark R.
Virginia · Jun 17, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2107: FABS Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2107/
MLA
"S. 2107: FABS Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2107/.
Bluebook (legal)
S. 2107, 117th Cong. (2026), https://openamerica.io/bill/117-S-2107/.
Markdown link
[S. 2107: FABS Act](https://openamerica.io/bill/117-S-2107/)
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