Legis Daily

FABS Act

USA117th CongressS-2107| Senate 
| Updated: 6/17/2021
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (9)
Thomas Tillis (Republican)Charles E. Schumer (Democratic)Mark R. Warner (Democratic)Ted Cruz (Republican)Debbie Stabenow (Democratic)John Cornyn (Republican)Steve Daines (Republican)Mark Kelly (Democratic)Mike Crapo (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Facilitating American-Built Semiconductors Act or the FABS Act This bill allows a new tax credit for investment in a semiconductor manufacturing facility and semiconductor manufacturing property.
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Timeline
Jun 17, 2021
Introduced in Senate
Jun 17, 2021
Read twice and referred to the Committee on Finance.
Mar 16, 2022

Latest Companion Bill Action

HR 117-7104
Introduced in House
  • June 17, 2021
    Introduced in Senate
  • June 17, 2021
    Read twice and referred to the Committee on Finance.
  • March 16, 2022

    Latest Companion Bill Action

    HR 117-7104
    Introduced in House

Taxation

Business investment and capitalIncome tax creditsIndustrial facilitiesManufacturing

FABS Act

USA117th CongressS-2107| Senate 
| Updated: 6/17/2021
Facilitating American-Built Semiconductors Act or the FABS Act This bill allows a new tax credit for investment in a semiconductor manufacturing facility and semiconductor manufacturing property.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 17, 2021
Introduced in Senate
Jun 17, 2021
Read twice and referred to the Committee on Finance.
Mar 16, 2022

Latest Companion Bill Action

HR 117-7104
Introduced in House
  • June 17, 2021
    Introduced in Senate
  • June 17, 2021
    Read twice and referred to the Committee on Finance.
  • March 16, 2022

    Latest Companion Bill Action

    HR 117-7104
    Introduced in House
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (9)
Thomas Tillis (Republican)Charles E. Schumer (Democratic)Mark R. Warner (Democratic)Ted Cruz (Republican)Debbie Stabenow (Democratic)John Cornyn (Republican)Steve Daines (Republican)Mark Kelly (Democratic)Mike Crapo (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalIncome tax creditsIndustrial facilitiesManufacturing