Bill117th CongressFiled Mar 16, 2022Taxation
H.R. 7104
FABS Act
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in house (Mar 16, 2022)
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.
What just happenedMar 16, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. McCaul, Michael T. [R-TX-10](R-TX)Sponsor
22 cosponsors9 D13 R
22cosponsors1committees3actions
- Introduced in HouseMar 16, 2022
- Mar 16, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 16, 2022IntroReferralIntro-H
Introduced in House
- Mar 16, 2022IntroReferral1000
Introduced in House