US HB2688 | 2021-2022 | 117th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 20 2021 - 25% progression, died in committee
Action: 2021-06-11 - Referred to the Subcommittee on Energy and Mineral Resources.
Pending: House Subcommittee on Energy and Mineral Resources Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 20 2021 - 25% progression, died in committee
Action: 2021-06-11 - Referred to the Subcommittee on Energy and Mineral Resources.
Pending: House Subcommittee on Energy and Mineral Resources Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
Title
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
Sponsors
| Rep. Lance Gooden [R-TX] | Rep. Vicente Gonzalez [D-TX] | Rep. Guy Reschenthaler [R-PA] | Rep. Henry Cuellar [D-TX] |
| Rep. Tom Reed [R-NY] | Rep. Eric Swalwell [D-CA] | Rep. James Hagedorn [R-MN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-06-11 | House | Referred to the Subcommittee on Energy and Mineral Resources. |
| 2021-04-20 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2021-04-20 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/117th-congress/house-bill/2688/all-info |
| Text | https://www.congress.gov/117/bills/hr2688/BILLS-117hr2688ih.pdf |
