According to Global SMT & Packaging Magazine, representatives Anna G. Eshoo, California, and Blake Moore, Utah, unveiled a new legislative proposal last week, known as the Protecting Circuit Boards and Substrates Act. This bipartisan initiative seeks to fortify domestic printed circuit board (PCB) manufacturing and ensure a more secure supply chain. By encouraging increased research, development, and production within the United States, the bill aims to mitigate disruptions in the supply chain, address national security concerns associated with foreign PCB production, and bolster America’s economic leadership in this critical industry.
The proposed bill does the following to incentivize domestic PCB manufacturing and R&D:
- Establishes a financial assistance program, modeled on the CHIPS Act, within the Commerce Department for American facilities manufacturing or researching PCBs; and
- Provides a 25% tax credit for entities that purchase American-manufactured PCBs.