Protecting Circuit Boards and Substrates Act

This bill aims to boost U.S. production of key electronics parts, like printed circuit boards and integrated circuit substrates. It gives a 25% federal tax credit for buying these parts when they’re made in the United States, for costs paid after December 31, 2025.

It also creates a federal program that offers funding to help build, expand, or upgrade U.S. facilities and equipment to make or research these parts. To qualify, applicants must show they can keep the project running without ongoing federal help, invest in workers and communities, and partner with colleges or training groups to train and hire people, including those who are economically disadvantaged. Priority can go to small, minority-, women-, or veteran-owned businesses; projects that grow U.S. capacity; projects moving production out of areas controlled by a foreign entity of concern; and training partnerships with HBCUs, HSIs, Tribal colleges, rural-serving schools, or recognized workforce groups. Most awards are capped at $300 million, with larger amounts allowed only when needed for national security, and funds can also cover some operating costs like workforce and equipment upkeep. Companies tied to a foreign entity of concern cannot receive funding, and the government can take back money if projects fall behind or if recipients work with a foreign entity of concern on sensitive technology. An independent watchdog will review the program every two years for 10 years, and the bill authorizes $3 billion in 2026 for this program, with funds available through 2065.

Key points:

• Who is affected: U.S. electronics makers and buyers of printed circuit boards and integrated circuit substrates; small, minority-, women-, and veteran-owned firms; and colleges and training groups that partner on workforce programs.
• What changes: 25% tax credit for U.S.-made boards and substrates; new federal funding to build or expand U.S. facilities; caps and strict rules to prevent delays and foreign influence.
• When: The tax credit applies to costs after December 31, 2025; funding is authorized for 2026.