U.S. Bicycle Production and Assembly Act

Key Points

• This bill would remove import taxes on parts used to build bicycles, tricycles, electric bikes, and bike trailers in the United States for the next 10 years.
• Companies that import these parts would not have to pay standard import taxes or special additional fees as long as they prove the parts are being used to build finished bikes on American soil.
• The goal is to help the U.S. bike industry grow so it can produce 2 million bikes a year within five years and 5 million bikes a year within a decade.
• By lowering the cost of parts, the policy aims to make it cheaper for companies to move their assembly lines to the U.S. instead of importing finished bikes from overseas.
• After five years, the government will review the program to see if it is successfully helping American companies meet the production goals of millions of new bikes.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.