U.S. Rep. Chip Roy, R-Texas, reintroduced legislation Thursday aimed at incentivizing manufacturers to move their operations from foreign countries to the United States.
The bill, known as the “BEAT CHINA” Act— short for Bring Entrepreneurial Advancements To Consumers Here In North America—seeks to revise the federal tax code to promote reshoring by offering financial benefits to qualifying manufacturers.
According to a press release from Roy’s office, the legislation is designed to help reduce U.S. reliance on countries like China for manufacturing and supply chain stability.
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