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HR 7744 United States House · 118th Congress

Infant Formula Made in America Act of 2024

Summary
Infant Formula Made in America Act of 2024 This bill allows a 30% investment tax credit for infant formula that is lawfully sold and manufactured in the United States. It also allows a domestic production tax credit for such infant formula.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits (investment and production) for domestic infant formula manufacturing, directly providing tax relief to qualifying businesses under tax policy.90% confidence ✓ HealthcareSupports HealthcareBill provides tax incentives for domestic infant formula production, potentially improving access and affordability of essential healthcare products for infants.75% confidence
Sub-Topics: Tax Credits
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
President
Introduced Mar 20, 2024 Last action Mar 20, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Mar 20, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
Mar 20, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Rosa L. DeLauro
Rosa L. DeLauro
DDemocratic
CT
3