HR7230119th CongressWALLET

Buying American Cotton Act of 2026

Sponsored By: Representative Murphy

Introduced

Summary

This bill would create a new _tax credit for U.S.-origin cotton and products made from it_ to encourage domestic use of American cotton and require trustworthy supply-chain tracing. It ties payments to documented pound volumes, an applicable percentage, and an applicable cotton market price.

Show full summary
  • Domestic cotton growers and U.S. textile sellers would be able to claim a per-pound credit for eligible articles they sell. The credit equals documented pounds times an applicable percentage times an applicable cotton market price and would be part of the general business credit.
  • Textile processors of qualified yarn and fabric could increase the credit with optional multipliers of 1.6x for yarn and 6.5x for fabric, subject to an election to apply those multipliers.
  • Claimants would need permanent bale identification numbers and digital tracing to prove origin, follow anti-double-credit rules, and meet reporting requirements. The credit would be integrated into existing tax provisions and could be transferred under new transferability rules, and it would apply to eligible articles sold after enactment.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Tax credit for businesses using U.S. cotton

If enacted, businesses that sell products containing U.S.-grown cotton would be able to claim a new tax credit. The credit would equal documented pounds of qualified U.S. cotton in sold articles times an applicable percentage (24% or 18%) times a market price set as a 3-year average. The bill would set 24% where processing occurred only in the U.S. or in qualifying free-trade or unilateral preference countries, and 18% otherwise. Taxpayers could elect separate multipliers for cotton yarn (1.6x) and fabric (6.5x). The credit would be part of the general business credit and eligible for existing transfer rules, and it would apply to articles sold after enactment.

Tracing and proof rules for cotton

If enacted, the bill would set rules to prove cotton origin and to trace its movement to the final product. Qualified cotton must be extra long staple or upland and grown in the United States, with a permanent bale identification number or other Secretary-approved proof. The bill would require digital tracing of cotton volume through the supply chain to the last processing stage and let the Agriculture Secretary set acceptable tracing systems and reporting rules. Rules would also prevent the credit from being claimed more than once and would define processing and which trade programs count for the higher credit rate.

Sponsors & CoSponsors

Sponsor

Murphy

NC • R

Cosponsors

  • Sewell

    AL • D

    Sponsored 1/22/2026

  • Rouzer

    NC • R

    Sponsored 1/22/2026

  • Espaillat

    NY • D

    Sponsored 1/22/2026

  • Kustoff

    TN • R

    Sponsored 1/22/2026

  • Scott, David

    GA • D

    Sponsored 1/22/2026

  • Carey

    OH • R

    Sponsored 1/22/2026

  • Davis (NC)

    NC • D

    Sponsored 1/22/2026

  • Thompson (PA)

    PA • R

    Sponsored 1/22/2026

  • Gonzalez, V.

    TX • D

    Sponsored 1/22/2026

  • Moore (AL)

    AL • R

    Sponsored 1/22/2026

  • Adams

    NC • D

    Sponsored 1/22/2026

  • Mann

    KS • R

    Sponsored 1/22/2026

  • Brown

    OH • D

    Sponsored 1/22/2026

  • Allen

    GA • R

    Sponsored 1/22/2026

  • Figures

    AL • D

    Sponsored 1/22/2026

  • Pfluger

    TX • R

    Sponsored 1/22/2026

  • Costa

    CA • D

    Sponsored 1/22/2026

  • Crawford

    AR • R

    Sponsored 1/22/2026

  • Bishop

    GA • D

    Sponsored 1/22/2026

  • Scott, Austin

    GA • R

    Sponsored 1/22/2026

  • Gray

    CA • D

    Sponsored 1/22/2026

  • Jackson (TX)

    TX • R

    Sponsored 1/22/2026

  • Carbajal

    CA • D

    Sponsored 1/22/2026

  • Kelly (MS)

    MS • R

    Sponsored 2/2/2026

  • Fong

    CA • R

    Sponsored 2/2/2026

  • Carter (GA)

    GA • R

    Sponsored 2/2/2026

  • Pingree

    ME • D

    Sponsored 2/2/2026

  • Harris (NC)

    NC • R

    Sponsored 2/2/2026

  • Guest

    MS • R

    Sponsored 2/2/2026

  • Harder (CA)

    CA • D

    Sponsored 2/2/2026

  • Rogers (AL)

    AL • R

    Sponsored 2/2/2026

  • Vasquez

    NM • D

    Sponsored 2/3/2026

  • Patronis

    FL • R

    Sponsored 2/3/2026

  • Collins

    GA • R

    Sponsored 2/3/2026

  • Valadao

    CA • R

    Sponsored 2/9/2026

  • McCaul

    TX • R

    Sponsored 2/10/2026

  • Lucas

    OK • R

    Sponsored 2/10/2026

  • Beatty

    OH • D

    Sponsored 2/12/2026

  • Cuellar

    TX • D

    Sponsored 2/12/2026

  • Ellzey

    TX • R

    Sponsored 2/23/2026

  • Ross

    NC • D

    Sponsored 2/23/2026

  • Strong

    AL • R

    Sponsored 2/23/2026

  • Gottheimer

    NJ • D

    Sponsored 2/23/2026

  • Kiggans (VA)

    VA • R

    Sponsored 2/24/2026

  • Ezell

    MS • R

    Sponsored 2/24/2026

  • Norman

    SC • R

    Sponsored 2/25/2026

  • Kamlager-Dove

    CA • D

    Sponsored 3/3/2026

  • Letlow

    LA • R

    Sponsored 3/3/2026

  • Cohen

    TN • D

    Sponsored 3/3/2026

  • Garcia (TX)

    TX • D

    Sponsored 3/3/2026

  • Kim

    CA • R

    Sponsored 3/4/2026

  • Riley (NY)

    NY • D

    Sponsored 3/12/2026

  • Hill (AR)

    AR • R

    Sponsored 3/12/2026

  • Gosar

    AZ • R

    Sponsored 3/12/2026

  • Stanton

    AZ • D

    Sponsored 3/16/2026

  • Timmons

    SC • R

    Sponsored 3/17/2026

  • Fallon

    TX • R

    Sponsored 3/18/2026

  • Jack

    GA • R

    Sponsored 3/18/2026

  • Miller (WV)

    WV • R

    Sponsored 4/6/2026

  • Miller (OH)

    OH • R

    Sponsored 4/6/2026

  • Hudson

    NC • R

    Sponsored 4/6/2026

  • De La Cruz

    TX • R

    Sponsored 4/6/2026

  • Sessions

    TX • R

    Sponsored 4/6/2026

Roll Call Votes

No roll call votes available for this bill.

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