American Shipyard Investment Act of 2026
To amend the Internal Revenue Code of 1986 to support the national defense and economic security of the United States by incentivizing the construction of United States shipyards.
HB9921 is a proposed bill aiming to amend the Internal Revenue Code of 1986. Its goal is to boost national defense and economic security by encouraging the building of shipyards within the United States. This bill provides tax incentives for companies that invest in constructing new shipyards, potentially creating jobs and enhancing our country's ability to build naval vessels.
This bill would affect businesses and shipyard workers primarily. By offering tax benefits, it hopes to stimulate investment in domestic shipyards, leading to job creation and a stronger domestic shipbuilding industry. This could also contribute to national security by ensuring that the U.S. has the capacity to build necessary naval ships.
As of July 23, 2026, HB9921 has been introduced in the House and referred to the House Committee on Ways and Means. This is the first step in a long process where the bill will be reviewed, possibly amended, and then voted on by the full House before potentially moving to the Senate. If passed, it would then head to the President for approval.
