# 119-hr-3204: BASIC ACT

119-hr-3204, BASIC ACT, is a 119th Congress bill sponsored by Rep. Tenney, Claudia [R-NY-24] (R-NY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3204
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3204
- Congress: 119
- Title: BASIC ACT
- Status: introduced
- Introduced: 2025-05-05
- Sponsor: Rep. Tenney, Claudia [R-NY-24] (R-NY)
- Cosponsors: 23
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Larger, longer semiconductor investment tax credit.** This bill would raise the advanced manufacturing investment credit from 25% to 35% and extend the credit period through December 31, 2030 to encourage more investment in advanced semiconductor equipment. - Manufacturers and investors: Lowers the after-tax cost of buying qualifying semiconductor equipment by boosting the credit rate to 35%, improving the economics of new fabs and upgrades. - U.S. supply chain and capacity: A bigger, longer credit is designed to attract more onshore semiconductor investment and support domestic manufacturing capacity. - Timing and eligibility: The changes would apply to property placed in service after the date of enactment and keep the credit available until Dec. 31, 2030.

## Cosponsors (23)

- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Malliotakis, Nicole [R-NY-11] (R-NY), 2025-05-05T00:00:00.000Z
- Rep. Langworthy, Nicholas A. [R-NY-23] (R-NY), 2025-05-05T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-05-05T00:00:00.000Z
- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Mannion, John W. [D-NY-22] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Tonko, Paul [D-NY-20] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2025-05-05T00:00:00.000Z
- Rep. Kennedy, Timothy M. [D-NY-26] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Riley, Josh [D-NY-19] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-05-05T00:00:00.000Z
- Rep. Balint, Becca [D-VT-At Large] (D-VT), 2025-05-05T00:00:00.000Z
- Rep. Simpson, Michael K. [R-ID-2] (R-ID), 2025-05-05T00:00:00.000Z
- Rep. Subramanyam, Suhas [D-VA-10] (D-VA), 2025-05-05T00:00:00.000Z
- Rep. Kiggans, Jennifer A. [R-VA-2] (R-VA), 2025-05-05T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2025-05-05T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-05-05T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-05-05T00:00:00.000Z
- Rep. Stefanik, Elise M. [R-NY-21] (R-NY), 2025-05-05T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2025-05-06T00:00:00.000Z
- Rep. Kelly, Mike [R-PA-16] (R-PA), 2025-06-03T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-06-24T00:00:00.000Z
- Rep. Lee, Susie [D-NV-3] (D-NV), 2025-08-15T00:00:00.000Z

## Provisions PRIA read

- Higher tax credit for chip makers: benefit, high. This bill would raise the advanced chip manufacturing investment tax credit to 35% (up from 25%). The higher rate would only apply to qualifying property placed in service after the bill is enacted. The credit would be available through December 31, 2030. Eligible businesses could use it to lower f…

## Related bills

- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-hr-1065: Protect Our Letter Carriers Act of 2025

## Sources
- [119-hr-3204 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3204)

## Related
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1993)
- [119-hr-1065: Protect Our Letter Carriers Act of 2025](https://policyrisk.com/legislation/119-hr-1065)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3204 (as of 2026-04-21).