David McCormick (R-PA)
Increasing Opportunity For Reindustrialization Act
A Republican bill with 2 Democratic cosponsors · See all 2 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
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
This bill, titled the "Increasing Opportunity For Reindustrialization Act," seeks to amend the Internal Revenue Code of 1986. It aims to allow certain population census tracts that contain parts of former Department of Defense installations or facilities closed through a base realignment and closure round to be designated as qualified opportunity zones. The legislation changes how these areas are treated regarding income requirements and the number of available designations within a state. These changes would take effect for areas designated after the bill is enacted.
Yes· 3 of 9
- Scored +5
Does this cut the tax on profits from selling investments?
The bill expands the eligibility for qualified opportunity zone benefits which provide capital gains tax advantages for investments in these specific areas.
- Scored +4
Would business owners be better off under this?
The bill provides more opportunities for business owners to utilize qualified opportunity zone tax advantages in specific locations.
- Scored +3
Is this likely to create jobs?
By incentivizing investment in former military installation areas through opportunity zones, the bill may encourage local economic development and job creation.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Expanded Opportunity Zone Eligibility: Census tracts containing portions of a former Department of Defense installation, facility, or entity closed via a base realignment and closure round can now be designated as qualified opportunity zones (Section 2(a)).
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Removal of Income Requirements for Specific Areas: Population census tracts containing these former military installations will not be required to meet the standard low-income community requirements to qualify (Section 2(b)(3)(A)).
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Increased Designation Limits: The number of population census tracts in a State that can be designated as qualified opportunity zones will be increased by the number of these specific military-related tracts nominated (Section 2(b)(3)(B)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly mentioned in the provided text.
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
- Does this cut the tax on profits from selling investments? — The bill expands the eligibility for qualified opportunity zone benefits which provide capital gains tax advantages for investments in these specific areas. Is this likely to grow the economy? — The bill promotes economic revitalization in areas with former Department of Defense installations by easing the requirements for opportunity zone designation. Is this likely to create jobs? — By incentivizing investment in former military installation areas through opportunity zones, the bill may encourage local economic development and job creation. Does this make it easier to run a small business? — The expansion of opportunity zones may facilitate easier access to investment for businesses operating in the newly eligible census tracts.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides more opportunities for business owners to utilize qualified opportunity zone tax advantages in specific locations. Would households on low incomes be better off under this? — The bill targets areas that may have high unemployment following base closures, potentially improving the economic situation for low-income residents. Would people in rural areas be better off under this? — Former military installations are often located in rural or semi-rural areas that would benefit from the increased investment potential.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — The bill seeks to revitalize areas containing closed military bases, which could lead to economic improvements and poverty reduction in those communities.
- National Security And Foreign Policy
- Does this increase the pay, pensions or support veterans receive? — While not a direct benefit, revitalizing communities that housed military installations can support the local environments where many veterans reside.
- 7/15/2026
- 1 Cosponsor added.
- 5/20/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
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.
John HickenlooperDemocrat · Colorado
Brian SchatzDemocrat · Hawaii