American Shipyard Investment Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (23 Jul 2026): Referred to the House Committee on Ways and Means.
What this bill does
This bill, the American Shipyard Investment Act of 2026, proposes to create a tax credit for businesses that build or expand shipyard facilities within the United States. The credit would be for 25% of the cost of qualified property used in these facilities, which are defined as those primarily involved in constructing or repairing commercial or military vessels, or manufacturing critical vessel components or equipment. Facilities located in specific economically distressed areas could receive a higher credit of 35%.
The bill affects taxpayers who invest in building or expanding qualified shipyard facilities. The credit aims to support national defense and economic security by incentivizing domestic shipbuilding. The bill also includes provisions allowing businesses to elect to receive the credit as a direct payment or to transfer it to another entity. The tax credit would expire for property placed in service after December 31, 2033.
As of its introduction on July 23, 2026, the bill has been referred to the House Committee on Ways and Means. Further action would involve the committee considering the bill, potentially holding hearings, and then deciding whether to advance it to the full House for a vote. If passed by the House, it would then move to the Senate for consideration.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
23 Jul 2026
Referred to the House Committee on Ways and Means.
Common questions
- What does H.R. 9921 do?
- This bill, the American Shipyard Investment Act of 2026, proposes to create a tax credit for businesses that build or expand shipyard facilities within the United States. The credit would be for 25% of the cost of qualified property used in these facilities, which are defined as those primarily involved in constructing or repairing commercial or military vessels, or manufacturing critical vessel components or equipment. Facilities located in specific economically distressed areas could receive a higher credit of 35%. The bill affects taxpayers who invest in building or expanding qualified shipyard facilities. The credit aims to support national defense and economic security by incentivizing domestic shipbuilding. The bill also includes provisions allowing businesses to elect to receive the credit as a direct payment or to transfer it to another entity. The tax credit would expire for property placed in service after December 31, 2033. As of its introduction on July 23, 2026, the bill has been referred to the House Committee on Ways and Means. Further action would involve the committee considering the bill, potentially holding hearings, and then deciding whether to advance it to the full House for a vote. If passed by the House, it would then move to the Senate for consideration.
- Has H.R. 9921 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9921. Check the latest action and official source below.
- Who sponsored H.R. 9921?
- H.R. 9921 was sponsored by Rep. Moran, Nathaniel [R-TX-1] (R-TX), with 4 cosponsors.
- What's the latest action on H.R. 9921?
- Referred to the House Committee on Ways and Means. (23 Jul 2026).
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