US Congress House Bill 6630 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on April 28 2020 - 25% progression, died in committee
Action: 2020-04-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Allows a new tax deduction for 10% of the cost of specified domestically-produced materials if such materials are acquired directly from the domestic smelter or processor of the materials. The bill defines specified domestically-produced materials as materials that are smelted or processed in the United States by direct smelting of ore, from a mine product, by a taxpayer in the trade or business of smelting or processing such materials. The term specified material includes minerals necessary for national defense and security, for U.S. energy infrastructure, for community resiliency, to support domestic manufacturing, agriculture, housing, telecommunications, healthcare, and transportation infrastructure, or for U.S. economic security and balance of trade. The term does not include fuel minerals, water, ice, or snow, or sand, stone, gravel, pumice, pumicite, cinders, or clay.

Securing America’s Critical Minerals Supply Chain Act

Rep. Pete Stauber [R-MN]	Rep. Paul Gosar [R-AZ]	Rep. Don Young [R-AK]	Rep. John Shimkus [R-IL]
Rep. Doug LaMalfa [R-CA]	Rep. Dan Newhouse [R-WA]	Rep. Bruce Westerman [R-AR]	Rep. Andy Biggs [R-AZ]

Date	Chamber	Action
2020-04-28	House	Referred to the House Committee on Ways and Means.
2020-04-28	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6630/all-info
Text	https://www.congress.gov/116/bills/hr6630/BILLS-116hr6630ih.pdf