A Republican bill with 1 Democratic cosponsor · See all 4 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The American Shipyard Investment Act of 2026 aims to amend the Internal Revenue Code of 1986 to bolster national defense and economic security. It does this by providing a tax credit for the construction of United States shipyards. Specifically, it establishes a shipyard investment tax credit for qualified shipyard facilities. This credit is set at 25 percent of the qualified investment, though it increases to 35 percent for facilities in certain specified areas. The credit applies to property used for constructing, repairing, or manufacturing components and equipment for commercial or military vessels. This incentive program is scheduled to terminate for property placed in service after December 31, 2033.
Yes· 3 of 8
- Scored +5
Is this likely to create jobs?
By incentivizing the construction and repair of vessels and components, the bill is likely to stimulate employment in the shipbuilding industry.
- Scored +5
Would business owners be better off under this?
The bill provides direct financial incentives for business owners who invest in shipyard facilities.
- Scored +4
Is this likely to grow the economy?
The investment tax credit aims to bolster economic security through industrial revitalization.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Incentives for Specific Locations: Taxpayers can receive a higher credit of 35 percent instead of 25 percent if the qualified shipyard facility is located in an area described in section 1400Z-1 (Section 2(a)).
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Support for Shipyard Construction and Repair: The bill provides credits for facilities whose primary purpose is constructing or repairing commercial or military vessels (Section 2(b)(3)(B)(i)).
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Support for Critical Component Manufacturing: The bill incentivizes the manufacturing of components that are critical to the operation of commercial or military vessels, as determined by the Secretary (Section 2(b)(3)(B)(ii)).
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Support for Equipment Manufacturing: The bill provides incentives for manufacturing equipment used to produce or repair commercial or military vessels (Section 2(b)(3)(B)(iii)).
Potential Negative Impacts for People
- Expiration of Benefits: The tax credit is not permanent and will not apply to any property placed in service after December 31, 2033 (Section 2(b)(4)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to create jobs? — By incentivizing the construction and repair of vessels and components, the bill is likely to stimulate employment in the shipbuilding industry. Is this likely to grow the economy? — The investment tax credit aims to bolster economic security through industrial revitalization. Does this make it easier to run a small business? — The tax credit provides financial support for taxpayers investing in shipyard facilities. Does this cut taxes for small businesses? — The bill provides a significant tax credit of 25% to 35% for qualified shipyard investments.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides direct financial incentives for business owners who invest in shipyard facilities. Would union members be better off under this? — Increased shipyard construction and repair activity likely increases demand for skilled maritime labor.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — The higher 35 percent tax credit for specific areas could stimulate development in designated economic zones.
- National Security And Foreign Policy
- Does this increase the pay, pensions or support veterans receive? — The bill supports the industrial capacity needed for military vessels, which indirectly supports national defense infrastructure.
- 11/5/2026
- 1 Cosponsor added.
- 10/29/2026
- 1 Cosponsor added.
- 8/31/2026
- 1 Cosponsor added.
- 7/23/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Brendan BoyleDemocrat · Pennsylvania
James BairdRepublican · Indiana
Craig GoldmanRepublican · Texas
Mike KellyRepublican · Pennsylvania