Legislative Activity

The Safeguarding U.S. Supply Chains Act restricts eligibility for the advanced manufacturing production tax credit. Specifically, companies cannot claim the credit for components produced by designated "foreign entities of concern." Furthermore, battery component credits are disallowed if the underlying technology was sourced from these restricted entities.

The IMPACT Act establishes a new research and development program to make U.S. cement, concrete, and asphalt production cleaner, more competitive, and less polluting. This initiative mandates the creation of a five-year strategic plan focusing on carbon capture, alternative fuels, and material efficiency. The program will also support real-world demonstration projects and provide technical assistance to help bring these advanced, low-emissions technologies to market.

The "Farm to Fly Act of 2025" aims to boost the production and use of sustainable aviation fuels by including them in Department of Agriculture bio-energy programs. It amends existing definitions to recognize sustainable aviation fuel and directs the Secretary of Agriculture to promote its development through collaborative initiatives and manufacturing assistance. This act supports U.S. agriculture, enhances energy security, and promotes clean energy in the aviation sector by utilizing sustainable biomass resources.

The "Permanent Tax Cuts for American Families Act of 2025" makes permanent the increased standard deductions, raising them to $18,000 for single filers and $12,000 for married filers. These amounts will be adjusted for inflation using the Consumer Price Index (CPI). This change applies to taxable years starting after the law is enacted.