,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hfbe  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #e1 #bjbd,mr4   
,blum5au] introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means1 & 9 addition to ! ,committee on 
,en]gy & ,comm]ce1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d ! ,h>moniz$
 ,t>iff ,s*$ule ( ! ,unit$ ,/ates to    
modify tempor>ily c]ta9 rates ( duty =  
bicycle manufactur+ compon5ts1 to       
e/abli% an electric bicycle production  
tax cr$it1 to direct ! ,secret>y (      
,transportation to e/abli% ! ,u4,s4     
,bicycle & ,e-,bicycle ,manufactur+     
,initiative to make loans to support    
dome/ic inve/m5t 9 ! manufactur+ (      
bicycles & electric bicycles1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,dome/ic ,bicycle          
,production ,act4  #b4 ,tempor>y duty   
susp5sion = bicycle manufactur+         

compon5ts  7a7 ,9 g5]al ,sub*apt] ,,iii 
( *apt] #ii ( ! ,h>moniz$ ,t>iff ,s*$ule
 ( ! ,unit$ ,/ates 79 ! section ref]r$  
to z ! ,,hts7 is am5d$ by ins]t+ !      
foll[+ new head+ 9 num]ical sequ5ce3    
#iijc4hg4aa,p>ts ( bicycles import$ =   
use 9 ! assembly ( complete bicycles1 "u
 ! t]ms ( ,u4,s4 ,note #ca to ?is       
subchapter,free,no change,no *ange 4    
7b7 ,def9ition & applicability ,! ,u4,s4
 ,notes to sub*apt] ,,iii ( *apt] #ii ( 
! ,,hts are am5d$ by add+ at ! end      
foll[+3  #ca4 7a7 ,= purposes ( head+   
#iijc4hg4aa1 ! t]m p>ts ( bicycles means
 p>ts1 accessories1 or specific         
compon5ts t are-- 7i7 classifi$ 9 !     
t>iff provisions describ$ 9 subdivision 
7f7 ( ?is note2 &  7ii7 import$ into !  
cu/oms t]ritory ( ! ,unit$ ,/ates =     
assembly into complete tricycles or     
bicycles1 includ+ bicycles )\t a motor  
7provid$ = 9 head+ #hgab4jj7 & bicycles 
) an electric motor 7provid$ = 9        
subhead+ #hgaa4fj4jj74  7b7 ,= purposes 
( head+ #iijc4hg4aa1 ! t]m assembly (   

complete bicycles means ! fitt+ or jo9+ 
toge!r ( fabricat$ compon5ts 9 su* a way
 t am\nts to ! sub/antial trans=mation (
 compon5ts classifiable z p>ts (        
bicycles "u subdivision 7a7 ( ?is note4 
7c7 ,any import] claim+ entry ( p>ts (  
bicycles "u head+ #iijc4hg4aa mu/-- 7i7 
c]tify at ! "t ( entry to ! satisfaction
 ( ,u4,s4 ,cu/oms & ,bord] ,protection  
7,,cbp7 t su* p>ts w be us$ 9 ! assembly
 ( complete bicycles "u subdivision 7b7 
( ?is note2 &  7ii7 provide appropriate 
docum5tation to ,,cbp ^u ! completion ( 
f9al assembly ( su* bicycles or at su*  
"t z ,,cbp may o!rwise e/abli%4  7d7    
,p>ts ( bicycles = :i* entry is claim$  
"u head+ #iijc4hg4aa %all be exclud$ f  
any additional duties "u section #cja ( 
! ,trade ,act ( #aigd 7#ai ,u4,s4,c4    
#bdaa7 or any o!r provision ( law bas$  
on ! classification ( su* p>ts "u any ( 
*apt]s #a ?r\gh #ig4  7e7 ,not)/&+      
subdivision 7d7 ( ?is note1 p>ts (      
bicycles may be includ$ 9 a claim =     
duty-free entry "u head+ #iijc4hg4aa if 

su* p>ts are prop]ly classifi$ 9 an     
#h-;digit t>iff head+ or subhead+       
describ$ 9 subdivision 7f7 :5 su* p>ts  
are ent]$ on or aft] ! date on :i* an   
additional duty "u section #cja ( !     
,trade ,act ( #aigd or any o!r provision
 ( law is no long] effective4  7f7 ,!   
#h-;digit t>iff head+s & subhead+s      
describ$ 9 ?is subdivision are ! foll[+3
 #cibc4ej4jj                            
#cibf4ij4ifdjaa4ej4jjdjac4bj4jjdijh4aj4j
jgcae4aa4jjgcbf4ij4beheja4ca4djheja4ca4e
jheja4ca4fjhejg4bj4hjhejg4cj4hjhejg4ej4j
jhejg4fj4jjheab4ij4djhedc4gj4dehgad4ia4b
jhgad4ia4cjhgad4ia4ejhgad4ia4ijhgad4ib4a
jhgad4ib4ejhgad4ic4bhhgad4ic4cehgad4ic4g
jhgad4id4cjhgad4id4ijhgad4ie4jjhgad4if4a
jhgad4if4ejhgad4if4ijhgad4ii4ajhgad4ii4e
jhgad4ii4fjhgad4ii4hj  4  7c7 ,proc$ures
 ,! ,commission] ( ,u4,s4 ,cu/oms &     
,bord] ,protection 7h]e9 ref]r$ to z !  
,commission]7 is au?oriz$ to e/abli%    
appropriate proc$ures = ! adm9i/ration (
 ?is section & ! am5dm5ts 9 subsections 
7a7 & 7b7 & may require su* in=mation z 

! ,commission] consid]s appropriate f   
any claimant = duty-free entry "u head+ 
#iijc4hg4aa ( ! ,,hts1 z add$ by        
subsection 7a74  7d7 ,report ,n lat] ?an
 five ye>s aft] ! date ( ! enactm5t (   
?is ,act1 ! ,unit$ ,/ates ,int]national 
,trade ,commission %all submit to !     
,committee on ,ways & ,means ( ! ,h\se (
 ,repres5tatives & ! ,committee on      
,f9ance ( ! ,s5ate a report describ+ !  
effects ( head+ #iijc4hg4aa ( ! ,,hts1 z
 add$ by subsection 7a71 & evaluat+ !   
contribution & effectiv5ess ( su* head+ 
to ! goal ( assembl+ #b1jjj1jjj bicycles
 annually 9 ! ,unit$ ,/ates )9 #e ye>s  
aft] su* date ( enactm5t & ! pot5tial ( 
! dome/ic m>ket to assemble #e1jjj1jjj  
bicycles annually 9 ! ,unit$ ,/ates )9  
#aj ye>s aft] su* date ( enactm5t4  7e7 
,effective date ,! am5dm5ts made by     
subsections 7a7 & 7b7 %all apply )      
respect to goods ent]$1 or )drawn f     
w>eh\se = consumption1 dur+ ! p]iod     
beg9n+ on ! date ( ! enactm5t ( ?is ,act
 & end+ #aj ye>s aft] su* date (        

enactm5t4  #c4 ,electric bicycle        
production cr$it  7a7 ,electric bicycle 
production cr$it ,subp>t ,d ( "p ,,iv ( 
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+3  #de;,,bb4 ,electric 
bicycle production cr$it  7a7 ,9 g5]al  
,= purposes ( section #ch1 9 ! case ( a 
manufactur] ( cov]$ electric bicycles1 !
 electric bicycle production cr$it = !  
taxable ye> is an am\nt equal to !      
applicable p]c5tage ( ! price = :i* !   
manufactur] sells ea* cov]$ electric    
bicycle dur+ su* taxable ye>4  7b7      
,applicable p]c5tage ,= purposes (      
subsection 7a71 ! applicable p]c5tage   
%all be-- 7#a7 9 ! case ( cov]$ electric
 bicycles sold 9 taxable ye>s beg9n+    
aft] ,decemb] #ca1 #bjbd1 & be=e ,janu>y
 #a1 #bjcb1 #bj p]c5t1  7#b7 9 ! case ( 
cov]$ electric bicycles sold 9 taxable  
ye>s beg9n+ aft] ,decemb] #ca1 #bjca1 & 
be=e ,janu>y #a1 #bjcc1 #ae p]c5t1  7#c7
 9 ! case ( cov]$ electric bicycles sold
 9 taxable ye>s beg9n+ aft] ,decemb]    

#ca1 #bjcb1 & be=e ,janu>y #a1 #bjcd1   
#aj p]c5t1 &  7#d7 9 ! case ( cov]$     
electric bicycles sold 9 taxable ye>s   
beg9n+ aft] ,decemb] #ca1 #bjcc1 & be=e 
,janu>y #a1 #bjce1 #e p]c5t4  7c7       
,def9itions ,= purposes ( ?is section-- 
7#a7 ,cov]$ electric bicycle ,! t]m     
cov]$ electric bicycle means an electric
 bicycle t is produc$ dome/ically or    
assembl$ dome/ically4  7#b7 ,electric   
bicycle def9$ ,! t]m electric bicycle   
has ! mean+ giv5 su* t]m 9 section      
#bag7;j7 ( title #bc1 ,unit$ ,/ates     
,code4  7d7 ,regulations ,! ,secret>y   
%all prescribe su* regulations z may be 
necess>y to c>ry out ?is section1       
includ+ regulations :i* e/abli%         
requirem5ts reg>d+ :at con/itutes       
dome/ic production & dome/ic assembly = 
purposes ( ! def9ition 9 subsection     
7c77#a74  7e7 ,t]m9ation ,?is section   
%all n apply to any taxable ye> beg9n+  
aft] ,decemb] #ca1 #bjcd4  4  7b7       
,electric bicycle production cr$it      
transf]ability ,section                 

#fdah7;f77#a77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+3  7xii7 ,! electric bicycle    
production cr$it det]m9$ "u section     
#de;,,bb4  4  7c7 ,consi/5cy )          
int]national agreem5ts ,! ,secret>y ( ! 
,treasury %all apply section #de;,,bb ( 
! ,int]nal ,rev5ue ,code ( #aihf1 z add$
 by ?is ,act1 9 a mann] consi/5t ) !    
obligations ( ! ,unit$ ,/ates "u        
int]national agreem5ts4  7d7 ,con=m+    
am5dm5ts ,section #ch7;b7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$-- 7#a7 9 
p>agraph 7#dj71 by /rik+ plus2  7#b7 9  
p>agraph 7#da71 by /rik+ ! p]iod &      
ins]t+ 1 plus2 &  7#c7 by add+ at ! end 
! foll[+3  7#db7 ! electric bicycle     
production cr$it det]m9$ "u section     
#de;,,bb4  4  7e7 ,cl]ical am5dm5t ,!   
table ( sections = "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( su* ,code is am5d$ by     
ins]t+ aft] ! item relat+ to section    
#de;,,aa ! foll[+ new item3  #de;,,bb4  
,electric bicycle production cr$it4  4  
7f7 ,effective date ,! am5dm5ts made by 

?is section %all apply to taxable ye>s  
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  #d4 ,u4,s4 ,bicycle & ,e-,bicycle
 ,manufactur+ ,initiative  7a7 ,9 g5]al 
,n lat] ?an #ahj days aft] ! date ( !   
enactm5t ( ?is ,act1 ! ,secret>y (      
,transportation %all e/abli% a program  
to be kn[n z ! ,u4,s4 ,bicycle &        
,e-,bicycle ,manufactur+ ,initiative    
7h]e9aft] ref]r$ to z ! ,initiative7 to 
make loans to bus9esses 7o!r ?an        
non-pr(it bus9esses7 to support dome/ic 
inve/m5t 9 ! manufactur+ ( bicycles4    
7b7 ,loan program  7#a7 ,int]e/ rate    
limit ,! int]e/ rate = a loan "u !      
,initiative may n exce$ #a p]c5t4  7#b7 
,di/ribution limit ,a bus9ess 7includ+  
bus9esses t are subsidi>ies ( ! same    
p>5t company7 may n receive m ?an       
#ej1jjj1jjj 9 loans "u ! ,initiative4   
7c7 ,loan application  7#a7 ,9 g5]al ,! 
,secret>y %all make ! application = a   
loan "u ! ,initiative available n less  
?an annually1 at a "t & 9 su* =m & mann]
 z ! ,secret>y consid]s appropriate4    

7#b7 ,expect$ production t>get          
submission ,to be eligible = a loan "u !
 ,initiative1 an applicant %all submit  
curr5t & #e-ye> expect$ production      
t>gets ) ! application4  7#c7           
,disclosure to ! public ,! ,secret>y    
%all make public ! "n ( ea* applicant & 
! production t>gets submitt$ pursuant to
 p>agraph 7#b74  7d7 ,eligible uses ,a  
recipi5t ( a loan "u ! ,initiative may  
use loan funds to pur*ase capital       
equipm5t1 includ+-- 7#a7 mat]ial h&l+   
equipm5t1 includ+ =klifts & cranes2     
7#b7 air compressors & *ill]s2  7#c7    
wa/e 7includ+ wa/ewat]7 h&l+ equipm5t2  
7#d7 te/+ equipm5t to te/ = quality     
/&>ds2  7#e7 equipm5t us$ = recycl+2    
7#f7 heat treatm5t & burn (f ov5s2  7#g7
 assembly & conveyor l9es & relat$      
equipm5t2  7#h7 equipm5t us$ to         
fabricate bicycles or bicycle p>ts1     
includ+ /eel1 titanium1 magnesium1      
alum9um1 pla/ic1 & c>bon fib]2  7#i7    
ma*9es us$ to align bicycle frames or   
bicycle p>ts2  7#aj7 ma*9es us$ to      

prep>e bicycle frames1 p>ts1 or         
mat]ials1 = coat+2  7#aa7 ma*9es us$ to 
pa9t or p[d] coat2 &  7#ab7 any o!r     
capital equipm5t ! ,secret>y consid]s   
necess>y = ! dome/ic manufactur+ (      
bicycles4  7e7 ,conditions ( ! loan     
7#a7 ,prevail+ wage ,a recipi5t ( a loan
 "u ! ,initiative %all pay an employee  
:o engages 9 activities fund$ by loan   
funds at lea/ ! prevail+ wage1 9 ! same 
mann] z "u section #cadb7;b7 ( title    
#dj1 ,unit$ ,/ates ,code1 = ! life ( !  
loan4  7#b7 ,assembly output requirem5t 
,if1 n lat] ?an #c ye>s aft] ! date on  
:i* loan funds 7 initially disburs$ to a
 recipi5t ( a loan "u ! ,initiative1 !  
recipi5t is unable to demon/rate to !   
,secret>y an av]age ( #bj1jjj bicycles  
assembl$ = ea* #e1jjj1jjj borr[$1 or an 
equival5t ratio !re(1 ! recipi5t may n  
receive any additional loan "u !        
,initiative4  7#c7 ,repaym5t ,9 c>ry+   
out ! ,initiative1 ! ,secret>y %all     
require a recipi5t ( a loan "u !        
,initiative to-- 7,a7 make mon?ly       

repaym5ts = ! loan 9 equal am\nts beg9n+
 n lat] ?an #a ye> aft] ! date on :i*   
loan funds 7 initially disburs$ to !    
recipi5t2 &  7,b7 repay su* loan 9 full 
n lat] ?an #ab ye>s aft] ! date on :i*  
loan funds 7 initially disburs$ to !    
recipi5t4  7f7 ,collat]al  7#a7 ,9 g5]al
 ,9 c>ry+ out ! ,initiative1 ! ,secret>y
 %all obta9 & ma9ta9 a security int]e/1 
9 an am\nt suffici5t to cov] #ajj p]c5t 
( ! am\nt ( ! loan "u ! ,initiative1 9 !
 equipm5t pur*as$ by ! recipi5t us+ loan
 funds disburs$ to ! recipi5t4  7#b7    
,priority ,any security int]e/ obta9$ & 
ma9ta9$ by ! ,secret>y pursuant to ?is  
subsection %all be entitl$ to priority  
ov] ! claims & rights ( any p>ty        
7includ+ any receiv]1 cons]vator1       
tru/ee1 or simil> p>ty hav+ rights ( a  
li5 cr$itor7 o!r ?an claims & rights t--
 7,a7 w\ld be entitl$ to priority "u    
o!rwise applicable law2 &  7,b7 are held
 by bona fide pur*as]s = value or by    
secur$ p>ties t are secur$ by p]fect$   
security int]e/s4  7g7 ,report+         

requirem5t ,! ,secret>y %all submit to  
,congress an annual report detail+      
curr5t & expect$ future dome/ic bicycle 
production rates & ! %>e ( ! global     
bicycle production m>ket = :i* dome/ic  
bicycle produc]s are responsible4  7h7  
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ = ! purpose (
 c>ry+ out ! ,initiative ! foll[+3 7#a7 
#hj1jjj1jjj p] ye> = ! fir/ #c full     
fiscal ye>s foll[+ ! date ( ! enactm5t (
 ?is ,act4  7#b7 #ajj1jjj1jjj p] ye> 9  
full fiscal ye>s #d ?r\gh #g foll[+ !   
date ( ! enactm5t ( ?is ,act4  7#c7     
#abj1jjj1jjj p] ye> 9 full fiscal ye>s  
#h ?r\gh #aj foll[+ ! date ( ! enactm5t 
( ?is ,act4  7i7 ,bicycle ,def9$ ,9 ?is 
section1 ! t]m bicycle includes an      
electric bicycle 7z def9$ 9 section     
#bag7;j7 ( title #bc1 ,unit$ ,/ates     
,code74