Bipartisan Bill Aims to Spur a $14 Billion Domestic Circular Economy
Republicans and Democrats are crossing the aisle to prioritize a domestic textile manufacturing sector.
Greenbiz 10:16 am on June 7, 2024
The bipartisan S Ac, proposed by Senators Bill Cassidy (R-La.) and Michael Bennet (D-Colo.), aims to spur $14 billion in domestic circular economy initiatives. The Act includes measures for reshoring manufacturing supply chains from China, tax breaks for textile reuse/recycling businesses, and funds distribution across grants and innovation programs.
- Bipartisan Collaboration:
- Reshoring Manufacturing Supply Chains:
- Tax Incentives for Textile Reuse/Recycling Businesses:
- $14 Billion Fund Distribution:
https://www.greenbiz.com/article/bipartisan-bill-aims-spur-14-billion-domestic-circular-economy