Protecting Circuit Boards and Substrates Act
SB4569, the Protecting Circuit Boards and Substrates Act, would amend the Internal Revenue Code to create a new federal tax credit for businesses that purchase or acquire printed circuit boards fabricated in the United States. The credit would equal 25 percent of the amount paid or incurred for qualifying domestic printed circuit boards, and it would be added to the general business credit framework under section 38 of the tax code.
The bill defines “fabricated” broadly to cover manufacturing from raw materials into a connected composite structure using subtractive, additive, or other techniques, and it defines printed circuit boards to include layered conductive and non-conductive structures used to connect microelectronics and other electronic systems, as well as embedded components. The Treasury Secretary would be required to issue regulations and guidance in consultation with the Secretaries of Commerce and Labor. The credit would apply to amounts paid or incurred after December 31, 2025.
If enacted, the bill would create a new business tax incentive in federal law and expand the general business credit to include a credit for domestic printed circuit board purchases. It would affect taxpayers that buy printed circuit boards for commercial use, while indirectly benefiting U.S.-based PCB manufacturers and the broader electronics supply chain by encouraging domestic fabrication. The bill would also require administrative rulemaking by Treasury, with input from Commerce and Labor, to implement the credit and define its operation.
Based on the available context, the bill appears to have a generally supportive policy framing focused on strengthening domestic manufacturing and supply-chain resilience. There is no recorded committee debate or vote history in the provided materials, so there is no evidence of formal opposition or bipartisan division in the record supplied. The introduction and referral to the Senate Finance Committee suggest the bill is still in an early stage of consideration.
No specific points of contention are documented in the provided transcripts or vote history. Potential areas of debate, based on the bill text, could include the fiscal cost of the tax credit, whether the definition of qualifying printed circuit boards is broad enough to prevent abuse, and whether the incentive would effectively shift production back to the United States. Any such concerns are not attributed to named lawmakers in the available record.