,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ddfg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #f1 #bjbj ,mr4  
,rubio introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to rescue dome/ic  
m$ical product manufactur+ activity by  
provid+ inc5tives 9 economically        
di/ress$ areas ( ! ,unit$ ,/ates & its  
possessions4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,m$ical ,manufactur+1   
,economic ,developm5t1 & ,su/a9ability  
,act ( #bjbj or ! ,,mm$s ,act ( #bjbj4  
#b4 ,economically di/ress$ zones  7a7 ,9
 g5]al ,*apt] #a ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new sub*apt]3  ,,aa ,m$ical    
,product ,manufactur+ 9 ,economically   
,di/ress$ ,zones  ,sub*apt]             
,,aa--,m$ical ,product ,manufactur+ 9   
,economically ,di/ress$ ,zones ,sec4    
#adjj;,,aa-#a4 ,m$ical product          
manufactur+ 9 economically di/ress$ zone
 cr$it4 ,sec4 #adjj;,,aa-#b4 ,cr$it =   
economically di/ress$ zone products &   

s]vices acquir$ by dome/ic m$ical       
product manufactur]s4 ,sec4             
#adjj;,,aa-#c4 ,special rules to secure 
! national supply *a94 ,sec4            
#adjj;,,aa-#d4 ,designation (           
economically di/ress$ zones4            
#adjj;,,aa-#a4 ,m$ical product          
manufactur+ 9 economically di/ress$ zone
 cr$it  7a7 ,all[ance ( cr$it ,!re %all 
be all[$ z a cr$it aga9/ ! tax impos$ by
 subtitle ,a = ! taxable ye> an am\nt   
equal to #dj p]c5t ( ! sum (-- 7#a7 !   
aggregate am\nt ( ! taxpay]'s m$ical    
product manufactur+ economically        
di/ress$ zone wages = su* taxable ye>1  
7#b7 ! allocable employee fr+e b5efit   
exp5ses ( ! taxpay] = su* taxable ye>1 &
  7#c7 ! depreciation & amortization    
all[ances ( ! taxpay] = ! taxable ye> ) 
respect to qualifi$ m$ical product      
manufactur+ facility prop]ty4  7b7      
,d5ial ( d\ble b5efit ,any wages or o!r 
exp5ses tak5 into acc\nt 9 det]m9+ !    
cr$it "u ?is section may n be tak5 into 
acc\nt 9 det]m9+ ! cr$it "u sections    

#da1 & any o!r provision det]m9$ by !   
,secret>y to be sub/antially simil>4    
7c7 ,def9itions & special rules ,=      
purposes ( ?is section--  7#a7          
,economically di/ress$ zone wages  7,a7 
,9 g5]al ,! t]m economically di/ress$   
zone wages means am\nts paid or incurr$ 
= wages dur+ ! taxable ye> :i* are-- 7i7
 9 connection ) ! active conduct ( a    
trade or bus9ess ( ! taxpay]1 &  7ii7   
paid or incurr$ = an employee ! pr9cipal
 place ( employm5t ( :om is 9 a qualifi$
 m$ical product manufactur+ facility (  
su* taxpay]4  7,b7 ,limitation on am\nt 
( wages tak5 into acc\nt  7i7 ,9 g5]al  
,! am\nt ( wages :i* may be tak5 into   
acc\nt "u subp>agraph 7,a7 ) respect to 
any employee = any taxable ye> %all n   
exce$ ! contribution & b5efit base      
det]m9$ "u section #bcj ( ! ,social     
,security ,act = ! cal5d> ye> 9 :i* su* 
taxable ye> beg9s4  7ii7 ,treatm5t (    
"p-"t employees1 etc ,if-- 7,i7 any     
employee is n employ$ by ! taxpay] on a 
sub/antially full-"t basis at all times 

dur+ ! taxable ye>1 or  7,,ii7 !        
pr9cipal place ( employm5t ( any        
employee is n )9 an economically        
di/ress$ zone at all times dur+ !       
taxable ye>1  ! limitation applicable "u
 clause 7i7 ) respect to su* employee   
%all be ! appropriate portion 7z det]m9$
 by ! ,secret>y7 ( ! limitation :i* w\ld
 o!rwise be 9 effect "u clause 7i74     
7,c7 ,treatm5t ( c]ta9 employees ,! t]m 
economically di/ress$ zone wages %all n 
include any wages paid to employees :o  
are assign$ by ! employ] to p]=m s]vices
 = ano!r p]son1 unless ! pr9cipal trade 
or bus9ess ( ! employ] is to make       
employees available = tempor>y p]iods to
 o!r p]sons 9 return = comp5sation4     
7#b7 ,allocable employee fr+e b5efit    
exp5ses  7,a7 ,9 g5]al ,! t]m allocable 
employee fr+e b5efit exp5ses means !    
aggregate am\nt all[able z a d$uction "u
 ?is *apt] to ! taxpay] = ! taxable ye> 
= ! foll[+ am\nts :i* are allocable to  
employm5t 9 a qualifi$ m$ical product   
manufactur+ facility3 7i7 ,employ]      

contributions "u a /ock bonus1 p5sion1  
pr(it-%>+1 or annuity plan4  7ii7       
,employ]-provid$ cov]age "u any accid5t 
or heal? plan = employees4  7iii7 ,! co/
 ( life or disability insurance provid$ 
to employees4  7,b7 ,allocation ,=      
purposes ( subp>agraph 7,a71 an am\nt   
%all be treat$ z allocable to a qualifi$
 m$ical product manufactur+ facility    
only if su* am\nt is ) respect to       
employm5t ( an individual = s]vices     
provid$1 & ! pr9cipal place ( employm5t 
( :om is1 9 su* facility4  7#c7         
,qualifi$ m$ical product manufactur+    
facility ,! t]m qualifi$ m$ical product 
manufactur+ facility means any facility 
t--  7,a7 rese>*es & develops or        
produces m$ical products or ess5tial    
compon5ts ( m$ical products1 &  7,b7 is 
locat$ )9 an economically di/ress$ zone4
  7#d7 ,qualifi$ m$ical product         
manufactur+ facility prop]ty ,! t]m     
qualifi$ m$ical product manufactur+     
facility prop]ty means any prop]ty us$ 9
 7or consi/+ (7 a qualifi$ m$ical       

product manufactur+ facility if su*     
prop]ty is directly connect$ to !       
rese>*1 developm5t1 or production ( a   
m$ical product4  7#e7 ,m$ical product2  
ess5tial compon5t  7,a7 ,m$ical product 
,! t]m m$ical product means--  7i7 a    
drug t-- 7,i7 is a prescription drug    
subject to regulation "u section #eje ( 
! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 
7#ba ,u4,s4,c4 #cee7 or section #cea ( !
 ,public ,heal? ,s]vice ,act 7#db       
,u4,s4,c4 #bfb72  7,,ii7 is subject to  
regulation "u section #hjb ( ! ,f$]al   
,food1 ,drug1 & ,cosmetic ,act 7#ba     
,u4,s4,c4 #chb72 or  7,,iii7 is describ$
 9 section #bja7;jj7 ( su* ,act 7#ba    
,u4,s4,c4 #cba7;jj772 or  7ii7 a device1
 z def9$ 9 section #bja7;h7 ( su* ,act  
7#ba ,u4,s4,c4 #cba7;h774  7,b7         
,ess5tial compon5t ,! t]m ess5tial      
compon5t means1 ) respect to a m$ical   
product--  7i7 an active ph>maceutical  
+r$i5t2 or  7ii7 a prote91 antibody1    
enzyme1 hormone1 or o!r organic mat]ial 
t is an active +r$i5t 9 a biological    

product4  7#f7 ,aggregation rules  7,a7 
,9 g5]al ,= purposes ( ?is section1     
memb]s ( an affiliat$ gr\p %all be      
treat$ z a s+le taxpay]4  7,b7          
,affiliat$ gr\p ,! t]m affiliat$ gr\p   
means an affiliat$ gr\p 7z def9$ 9      
section #aejd7;a71 det]m9$ )\t reg>d to 
section #aejd7;b77#c77 "o or m memb]s ( 
:i* are engag$ 9 ! active conduct ( a   
trade or bus9ess )9 an economically     
di/ress$ zone4  #adjj;,,aa-#b4 ,cr$it = 
economically di/ress$ zone products &   
s]vices acquir$ by dome/ic m$ical       
product manufactur]s  7a7 ,all[ance (   
cr$it ,9 ! case ( an eligible m$ical    
product manufactur]1 !re %all be all[$ z
 a cr$it aga9/ ! tax impos$ by subtitle 
,a = ! taxable ye> an am\nt equal to !  
applicable p]c5tage ( ! aggregate am\nts
 paid or incurr$ by ! taxpay] dur+ su*  
taxable ye> = qualifi$ products or      
s]vices4  7b7 ,applicable p]c5tage ,=   
purposes ( ?is section1 ! t]m applicable
 p]c5tage means--  7#a7 #cj p]c5t 9 !   
case ( am\nts paid or incurr$ to p]sons 

n describ$ 9 p>agraph 7#b7 or 7#c71 &   
7#b7 #e p]c5t 9 ! case ( am\nts paid or 
incurr$ to a relat$ p]son4  7c7         
,eligible m$ical product manufactur] ,= 
purposes ( ?is section1 ! t]m eligible  
m$ical product manufactur] means any    
p]son 9 ! trade or bus9ess ( produc+    
m$ical products 9 ! ,unit$ ,/ates4  7d7 
,qualifi$ product or s]vice ,= purposes 
( ?is section1 ! t]m qualifi$ product or
 s]vice means--  7#a7 any product :i* is
 produc$ 9 an economically di/ress$ zone
 & :i* is integrat$ into a m$ical       
product produc$ by ! taxpay]1 &  7#b7   
any s]vice :i* is provid$ 9 an          
economically di/ress$ zone & :i* is     
necess>y to ! production ( a m$ical     
product by ! taxpay] 7includ+ packag+74 
7e7 ,relat$ p]sons ,= purposes ( ?is    
section1 p]sons %all be treat$ z relat$ 
to ea* o!r if su* p]sons w\ld be treat$ 
z a s+le employ] "u ! regulations       
prescrib$ "u section #eb7;b74  7f7 ,o!r 
t]ms ,t]ms us$ 9 ?is section :i* are    
also us$ 9 section #adjj;,,aa-#a %all h 

! same mean+ z :5 us$ 9 su* section4    
#adjj;,,aa-#c4 ,special rules to secure 
! national supply *a9  7a7 ,9 g5]al ,9 !
 case ( a qualifi$ repatriat$           
ph>maceutical manufactur+ facility1     
section #adjj;,,aa-#a7;a7 %all be appli$
 by sub/itut+ #fj p]c5t = #dj p]c5t4    
7b7 ,election ,to exp5se 9 lieu ( tax   
cr$it = depreciation ,9 ! case ( a      
taxpay] :i* elects 7at su* "t & 9 su*   
mann] z ! ,secret>y may provide7 !      
application ( ?is subsection ) respect  
to any qualifi$ repatriat$ m$ical       
product manufactur+ facility or qualifi$
 population heal? product manufactur+   
facility--  7#a7 section                
#adjj;,,aa-#a7;a77#c7 %all n apply )    
respect to any qualifi$ m$ical product  
manufactur+ facility prop]ty ) respect  
to su* facility1 &  7#b7 = purposes (   
section #afh7k7--  7,a7 su* prop]ty %all
 be treat$ z qualifi$ prop]ty1 &  7,b7 !
 applicable p]c5tage ) respect to su*   
prop]ty %all be #ajj p]c5t4  7c7        
,qualifi$ repatriat$ m$ical product     

manufactur+ facility ,= purposes ( ?is  
section1 ! t]m qualifi$ repatriat$      
m$ical product manufactur+ facility     
means any qualifi$ m$ical product       
manufactur+ facility 7z def9$ 9 section 
#adjj;,,aa-#a7 ! production ( :i* 0 mov$
 to an economically di/ress$ zone f a   
=eign c\ntry t ! ,unit$ ,/ates ,trade   
,repres5tative has det]m9$ c\ld pose a  
risk to ! national supply *a9 because ( 
political or social factors4            
#adjj;,,aa-#d4 ,designation (           
economically di/ress$ zones  7a7 ,9     
g5]al ,= purposes ( ?is sub*apt]1 ! t]m 
economically di/ress$ zone means any    
population c5sus tract )9 ! ,unit$      
,/ates :i*--  7#a7 has a pov]ty rate ( n
 less ?an #ce p]c5t = ea* ( ! #e mo/    
rec5t cal5d> ye>s = :i* in=mation is    
available1 or  7#b7 satisfies ea* ( !   
foll[+ requirem5ts3  7,a7 ,! c5sus tract
 has p]vasive pov]ty1 unemploym5t1 l[   
labor =ce p>ticipation1 & g5]al di/ress 
measur$ z a prolong$ p]iod ( economic   
decl9e measur$ by real gross national   

product4  7,b7 ,! c5sus tract has a     
pov]ty rate ( n less ?an #cj p]c5t = ea*
 ( ! #e mo/ rec5t cal5d> ye>s = :i*     
in=mation is available4  7,c7 ,! c5sus  
tract has be5 designat$ z su* by !      
,secret>y & ! ,secret>y ( ,comm]ce      
pursuant to an application "u subsection
 7b74  7b7 ,application = designation   
7#a7 ,9 g5]al ,an application =         
designation z an economically di/ress$  
zone may be fil$ by a ,/ate or local    
gov]nm5t 9 :i* ! population c5sus tract 
to :i* ! application applies is locat$4 
7#b7 ,requirem5ts ,su* application %all 
include a /rategic plan = accompli%+ !  
purposes ( ?is sub*apt]1 :i*-- 7,a7     
describes ! coord9at$ economic1 human1  
community1 & physical developm5t plan & 
relat$ activities propos$ = ! nom9at$   
area1  7,b7 describes ! process by :i* !
 affect$ community is a full p>tn] 9 !  
process ( develop+ & implem5t+ ! plan & 
! ext5t to :i* local in/itutions &      
organizations h contribut$ to ! plann+  
process1  7,c7 id5tifies ! am\nt (      

,/ate1 local1 & private res\rces t w be 
available 9 ! nom9at$ area & !          
private_/public p>tn]%ips to be us$1 :i*
 may include p>ticipation by1 &         
coop]ation )1 univ]sities1 m$ical c5t]s1
 & o!r private & public entities1  7,d7 
id5tifies ! fund+ reque/$ "u any ,f$]al 
program 9 support ( ! propos$ economic1 
human1 community1 & physical developm5t 
& relat$ activities1  7,e7 id5tifies    
basel9es1 me?ods1 & b5*m>ks = measur+ ! 
success ( c>ry+ out ! /rategic plan1    
includ+ ! ext5t to :i* poor p]sons &    
families w be emp[]$ to become          
economically self-suffici5t1 &  7,f7    
does n include any action to assi/ any  
e/abli%m5t 9 relocat+ f "o area outside 
! nom9at$ area to ! nom9at$ area1 except
 t assi/ance = ! expansion ( an exi/+   
bus9ess entity ?r\gh ! e/abli%m5t ( a   
new bran*1 affiliate1 or subsidi>y is   
p]mitt$ if-- 7i7 ! e/abli%m5t ( ! new   
bran*1 affiliate1 or subsidi>y w n      
result 9 a decrease 9 employm5t 9 ! area
 ( orig9al location or 9 any o!r area   

:]e ! exi/+ bus9ess entity conducts     
bus9ess op]ations1  7ii7 !re is no      
reason to believe t ! new bran*1        
affiliate1 or subsidi>y is be+ e/abli%$ 
) ! int5tion ( clos+ d[n ! op]ations ( !
 exi/+ bus9ess entity 9 ! area ( its    
orig9al location or 9 any o!r area :]e !
 exi/+ bus9ess entity conducts bus9ess  
op]ation1 &  7iii7 includes su* o!r     
in=mation z may be requir$ by !         
,secret>y & ! ,secret>y ( ,comm]ce4  7c7
 ,p]iod = :i* designations are 9 effect 
,designation z an economically di/ress$ 
zone may be made at any "t dur+ !       
#aj-ye> p]iod beg9n+ on ! date ( !      
enactm5t ( ?is section1 & %all rema9 9  
effect ) respect to su* zone dur+ !     
#ae-ye> p]iod beg9n+ on ! date ( su*    
designation4 ,economically di/ress$     
zones describ$ 9 subsection 7a77#a7 %all
 take effect on ! date ( ! enactm5t (   
?is ,act & %all rema9 9 effect dur+ !   
#ae-ye> p]iod beg9n+ on su* date4  7d7  
,t]ritories & possessions ,! t]m ,unit$ 
,/ates includes ! #ej ,/ates1 ! ,di/rict

 ( ,columbia1 & ! t]ritories &          
possessions ( ! ,unit$ ,/ates4  7e7     
,regulations ,! ,secret>y %all issue su*
 regulations or o!r guidance z may be   
necess>y or appropriate to c>ry out !   
purposes ( ?is section1 includ+-- 7#a7 n
 lat] ?an #cj days aft] ! date ( !      
enactm5t ( ?is section1 a li/ ( !       
population c5sus tracts describ$ 9      
subsection 7a77#a71 &  7#b7 n lat] ?an  
#fj days aft] ! date ( ! enactm5t ( ?is 
section1 regulations or o!r guidance    
reg>d+ ! designation ( population c5sus 
tracts describ$ 9 subsection 7a77#b74  4
  7b7 ,cl]ical am5dm5t ,! table (       
sub*apt]s = *apt] #a ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new item3  ,sub*apt]  
,,aa--,m$ical ,product ,manufactur+ 9   
,economically ,di/ress$ ,zones  4  7c7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjai4  #c4   
,report on ne$ = inc5tiviz+ developm5t (
 !rapies ,n lat] ?an #ij days aft] !    

date ( enactm5t ( ?is ,act1 ! ,secret>y 
( ,heal? & ,human ,s]vices %all exam9e &
 report to ! ,congress on--  7#a7 !     
ext5t to :i* ! heal? ( ag+ individuals 9
 ! ,unit$ ,/ates1 ,african ,am]icans1   
,hispanics1 ,native ,am]icans1 vet]ans1 
or o!r vuln]able populations 9 ! ,unit$ 
,/ates has be5 disproportionately h>m$  
by ! ,,covid-#ai p&emic & prior         
epidemics & p&emics2  7#b7 ! !rapies    
curr5tly available1 & :e!r !re is a ne$ 
= additional innovation & developm5t to 
produce !rapies1 to r$uce ! exposure (  
vuln]able populations 9 ! ,unit$ ,/ates 
to risk ( disproportionate h>m 9        
epidemics & p&emics2 &  7#c7 :e!r !     
,secret>y recomm5ds provid+ ! same      
inc5tives = ! developm5t & m>ket+ (     
!rapies describ$ 9 p>agraph 7#b7 z is   
provid$ "u ! ,f$]al ,food1 ,drug1 &     
,cosmetic ,act 7#ba ,u4,s4,c4 #cja et   
seq47 ) respect to qualifi$ infecti\s   
disease products designat$ "u section   
#eje;,e7d7 ( su* ,act 7#ba ,u4,s4,c4    
#cee;f7d774