Authorizes incentives for producing certain critical materials and pharmaceuticals
SB 1553 authorizes financial incentives, such as tax credits or grants, for companies producing specific critical materials (e.g., minerals for clean energy technology) and certain pharmaceuticals. It directly affects domestic manufacturers in these sectors by potentially lowering production costs through government support. The bill's key mechanism is creating these targeted financial benefits to encourage increased domestic manufacturing capacity. Currently pending in the Senate Economic and Workforce Development Committee after initial readings.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
May 2026
Senate Passage
May 2026
House Passage
May 2026
Signed into Law
Jul 2026
Introduced Jan 13, 2026
Signed Jul 13, 2026
Maddy AI version diff · 6 comparisons
What changed between versions
4/1/2026 - SA 1 to SA 3 to SS S offered & adopted (Gregory-21)--(6232S02.06S)
4/1/2026 - Adopted
→
4/1/2026 - SA 4 to SS S offered & adopted (Nicola)--(6232S02.05S)
4/1/2026 - Adopted
·
3 edits
MINOR
The bill was renumbered from Amendment No. 06 to Amendment No. 05 and the amendment target shifted from Page 1 to Page 5. The most significant change is the addition of a new definition for 'Qualified company,' which explicitly excludes any company headquartered in a country the U.S. Director of National Intelligence identifies as a national security risk.
Scope change
The amendment now applies to Section 620.1641 on Page 5 instead of the previous location, and it introduces new eligibility criteria for companies.
DEFINITION
Added a definition of 'Qualified company' that excludes entities headquartered in countries flagged by the U.S. intelligence community as national security risks.
TECHNICAL
Changed the bill section reference from Page 1, Section unspecified, Line 24 to Page 5, Section 620.1641, Line 32.
Updated the Senate amendment numbering from No. 06 to No. 05.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
40
Key actions
22
Committee
17
Jul 13, 2026
Signed into law
Signed by Governor
executive
May 28, 2026
Upper · Passed
Reported Duly Enrolled Rules, Joint Rules, Resolutions & Ethics Committee
upper
May 15, 2026
Upper · Passed
Truly Agreed To and Finally Passed
upper
May 15, 2026
Lower · Passed
H Third Read and Passed
lower
May 15, 2026
Lower · Passed
Reported Do Pass H Fiscal Review
lower
May 15, 2026
Lower · Passed
Voted Do Pass H Fiscal Review
lower
May 12, 2026
Committee
Referred H Fiscal Review Committee
lower
May 11, 2026
Lower · Passed
Reported Do Pass H Rules - Legislative
lower
May 11, 2026
Lower · Passed
Voted Do Pass H Rules - Legislative
lower
May 5, 2026
Committee
Referred H Rules - Legislative
lower
May 5, 2026
Lower · Passed
Reported Do Pass H Commerce
lower
May 4, 2026
Lower · Passed
Voted Do Pass H Commerce
lower
Apr 28, 2026
Committee
Referred H Commerce
lower
Apr 13, 2026
Upper · Passed
S Third Read and Passed
upper
Apr 13, 2026
Upper · Passed
Reported from S Fiscal Oversight Committee
upper
Apr 13, 2026
Upper · Passed
Voted Do Pass S Fiscal Oversight Committee
upper
Apr 2, 2026
Committee
Referred S Fiscal Oversight Committee
upper
Apr 2, 2026
Upper · Passed
Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee
upper
Apr 1, 2026
Upper · Passed
SS, as amended, S adopted
upper
Apr 1, 2026
Upper · Passed
SA 4 to SS S offered & adopted (Nicola)--(6232S02.05S)
upper
Apr 1, 2026
Upper · Passed
SA 3 to SS, as amended, S adopted
upper
Apr 1, 2026
Upper · Passed
SA 1 to SA 3 to SS S offered & adopted (Gregory-21)--(6232S02.06S)
upper
Apr 1, 2026
Upper · Passed
SA 2 to SS S offered & adopted (Lewis)--(6232S02.01S)
upper
Mar 25, 2026
Upper · Passed
Reported from S Economic and Workforce Development Committee
upper
Feb 25, 2026
Upper · Passed
Voted Do Pass S Economic and Workforce Development Committee
upper
Feb 18, 2026
Upper · Passed
Hearing Conducted S Economic and Workforce Development Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kurtis Gregory
RRepublican
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