United States · Bill · HR
H.R. 2571 (118th)
RAM Act of 2023
Introduced
10 April 2023
Last action
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Status
Referred to the Subcommittee on Trade.
Sponsors
—
Subjects
Discovery layer
Source updated
21 December 2024
Summary
Reshoring American Manufacturing Act of 2023 or the RAM Act of 2023 This bill allows business taxpayers a tax credit, up to $25 million in a taxable year, for the cost of eligible reshoring expenses. The bill defines eligible reshoring expenses as amounts paid for the transportation (including any import duties, fees, or tariffs imposed with respect to such transportation) of manufacturing equipment from China to the United States. The credit expires after 2026.
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 10 April 2023
Introduced in House (PDF)
Introduced in House · EN · 10 April 2023
Introduced in House
summary · EN · 10 April 2023
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/2571
- Open data entity: https://api.congress.gov/v3/bill/118/hr/2571