Building Ships in America Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 5
- Latest action
- Apr 30, 2025
What it does
The Building Ships in America Act of 2025 would amend the Internal Revenue Code to create a new tax credit for investments in U.S.-flagged cargo vessels built, repowered, or reconstructed in U.S. shipyards by non-foreign entities of concern, with additional incentives for vessels using U.S.-based insurance, classification societies, and meeting long-term operational and national security agreements. The bill also includes provisions to exclude certain maritime security payments from gross income, eliminate operational limitations on domestic shipping, provide tax incentives for shipyard facility construction, and treat maritime prosperity zones as opportunity zones, all aimed at…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.