HR2707-118

Introduced

To mitigate drug shortages and provide incentives for maintaining, expanding, and relocating the manufacturing of active pharmaceutical ingredients, excipients, medical diagnostic devices, pharmaceuticals, and personal protective equipment in the United States, and for other purposes.

118th Congress Introduced Apr 19, 2023

Summary

What This Bill Does

The bill creates credit for pharmaceutical and medical device production activities in distressed zones Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end and creates 45BB. Distressed zone pharmaceutical and medical device production credit. It relies on definition changes, tax credits, compliance mandates, and product standards. The main policy areas are Healthcare Consumers, Finance, and Healthcare.

Who Benefits and How

Public beneficiaries or protected communities affected by the clause could face reduced risk.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Patients and health care consumers affected by the bill would take on compliance duties, and Businesses and employers affected by the bill would take on compliance duties.

Key Provisions

  • Creates credit for pharmaceutical and medical device production activities in distressed zones Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end...
  • Creates 45BB. Distressed zone pharmaceutical and medical device production credit.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill creates credit for pharmaceutical and medical device production activities in distressed zones Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end and creates 45BB. Distressed zone pharmaceutical and medical device production credit.

Key Policy Areas

Healthcare Consumers, Finance, Healthcare

Primary Purpose

The bill creates credit for pharmaceutical and medical device production activities in distressed zones Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end and creates 45BB. Distressed zone pharmaceutical and medical device production credit.

Policy Domains

Healthcare Consumers Finance Healthcare

Whole bill

Identified Gains
  • Public beneficiaries or protected communities affected by the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Public beneficiaries or protected communities affected by the clause: ,
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Patients and health care consumers affected by the bill
  • Businesses and employers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Businesses and employers affected by the bill: ,
Patients and health care consumers affected by the bill: ,
Federal, state, or local agencies responsible for implementing the clause: ,

Legislative Progress

Introduced
Introduced Committee Passed
Apr 19, 2023

Mr. Carter of Georgia (for himself, Mr. Soto, Mrs. Miller …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Healthcare Consumers Finance Healthcare

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology