An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Critical materials

Raw materials or elements that are essential for manufacturing certain products, especially high-tech devices, defense systems, and clean energy technologies, and whose supply chains are vulnerable to disruption.

Supply chain

The entire process of making and selling a product, from getting the raw materials, to manufacturing, to distributing it to the customer.

Tax credit

A direct reduction in the amount of income tax owed, rather than a deduction from taxable income. It can make investing in or producing certain things more affordable.

Industrial decarbonization

The process of reducing carbon emissions from industrial activities, often through new technologies or more efficient practices, to combat climate change.

National Center

A new government office or division established within an existing department (in this case, the Department of Commerce) to focus on a specific area, like critical material supply chains.

Research, Development, and Demonstration (RD&D)

A set of activities that includes investigating new knowledge (research), applying that knowledge to create new products or processes (development), and then testing those new products or processes in real-world settings (demonstration).