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HR 7104 United States House · 117th Congress

FABS Act

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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for semiconductor manufacturing/design, directly incentivizing business investment through tax policy, aligning with fiscal support for economic development.95% confidence ✓ TechnologySupports TechnologyBill provides tax credits for semiconductor manufacturing/design, directly funding a core technology sector critical to tech infrastructure and innovation.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2022
Committee Review
Floor Vote
President
Introduced Mar 16, 2022 Last action Mar 16, 2022
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Mar 16, 2022
Committee
Referred to the House Committee on Ways and Means.
lower
Mar 16, 2022
Introduced
Introduced in House
lower
1 primary · 22 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michael T. McCaul
Michael T. McCaul
RRepublican
TX
10
Co
Photo of Adam Kinzinger
Adam Kinzinger
RRepublican
IL
16
Co
Photo of Andrew R. Garbarino
Andrew R. Garbarino
RRepublican
NY
2
Co
Photo of Brian K. Fitzpatrick
Brian K. Fitzpatrick
RRepublican
PA
1
Co
Photo of Daniel T. Kildee
Daniel T. Kildee
DDemocratic
MI
8
Co
Photo of Doris O. Matsui
Doris O. Matsui
DDemocratic
CA
7
Co
Photo of Elaine G. Luria
Elaine G. Luria
DDemocratic
VA
2
Co
Photo of Elise M. Stefanik
Elise M. Stefanik
RRepublican
NY
21
Co
Photo of Elissa Slotkin
Elissa Slotkin
DDemocratic
MI
n/a
Co
Photo of John Katko
John Katko
RRepublican
NY
24
Co
Photo of John R. Carter
John R. Carter
RRepublican
TX
31