# 119-s-4606: Increasing Opportunity For Reindustrialization Act

119-s-4606, Increasing Opportunity For Reindustrialization Act, is a 119th Congress bill sponsored by Sen. McCormick, David [R-PA] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-08-13).

- Canonical: https://policyrisk.com/legislation/119-s-4606
- As of: 2026-08-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4606
- Congress: 119
- Title: Increasing Opportunity For Reindustrialization Act
- Status: introduced
- Introduced: 2026-05-20
- Sponsor: Sen. McCormick, David [R-PA] (R-PA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-13

## Summary

**Expands Qualified Opportunity Zone eligibility to census tracts that include closed Department of Defense bases.** The bill would let tracts that contain any portion of a base closed under a BRAC round be nominated as qualified opportunity zones and would increase a State's allowable designations to include those nominated tracts. - Communities near former bases: Would become newly eligible for Qualified Opportunity Zone designation, opening those areas to targeted investment and reindustrialization opportunities. - Investors and developers: Would get more tax-advantaged places to direct private investment by targeting former military-installation tracts. - State designation rules: Would add a special rule that a BRAC-era tract that fails other low-income tests is not treated as a low-income community for those rules and would raise a State's designation count by the number of nominated BRAC tracts. - Timing: The changes would apply to areas designated after enactment of the bill.

## Cosponsors (2)

- Sen. Schatz, Brian [D-HI] (D-HI), 2026-05-20T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2026-07-15T00:00:00.000Z

## Provisions PRIA read

- More Opportunity Zones near former bases: benefit, low. If enacted, this bill would let states nominate certain census tracts as Qualified Opportunity Zones. The tracts must include any part of former Department of Defense installations closed under BRAC. For each designation period, a State's limit on QOZ tracts would be raised. The increase would equa…

## Related bills

- 119-s-1541: SHIPS for America Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025

## Sources
- [119-s-4606 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4606)

## Related
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4606 (as of 2026-08-13).