This bill amends the Internal Revenue Code of 1986 to impose new restrictions on the advanced manufacturing production credit , specifically targeting components linked to foreign entities of concern. Its primary goal is to safeguard U.S. supply chains by limiting financial incentives for manufacturing activities involving these entities. Under the proposed changes, no credit will be allowed for any eligible component that is produced by a foreign entity of concern . Furthermore, for qualifying battery components , the credit will be denied if the component is produced using technology that was designed, developed, manufactured, licensed, or supplied by such an entity. These restrictions will apply to components produced and sold after the bill's enactment date, aiming to reduce reliance on potentially adversarial foreign supply chains.