‘‘(1) IN GENERAL.—For purposes of subsection 
(a), the qualified investment for any taxable year is 
the basis of eligible property placed in service or 
continued in service by the taxpayer during such 
taxable year which is part of a qualifying medical 
personal 
protective 
equipment 
manufacturing 
project. 
‘‘(2) CERTAIN QUALIFIED PROGRESS EXPENDI-
TURES RULES MADE APPLICABLE.—Rules similar to 
the rules of subsections (c)(4) and (d) of section 46 
(as in effect on the day before the enactment of the 
Revenue Reconciliation Act of 1990) shall apply for 
purposes of this section. 
‘‘(3) LIMITATION.—The amount which is treat-
ed as the qualified investment for all taxable years 
with respect to any qualifying medical personal pro-
tective equipment manufacturing project shall not 
exceed the amount designated by the Secretary as el-
igible for the credit under this section. 
‘‘(c) DEFINITIONS.— 
‘‘(1) QUALIFYING MEDICAL PERSONAL PROTEC-
TIVE EQUIPMENT MANUFACTURING PROJECT.— 
‘‘(A) IN GENERAL.—The term ‘qualifying 
medical personal protective equipment manufac-
turing project’ means a project— 
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‘‘(i) which re-equips, expands, estab-
lishes, or continues existing medical per-
sonal protective equipment production of— 
‘‘(I) any item described in para-
graph (6)(B) of section 319F–2(a) of 
the Public Health Service Act (42 
U.S.C. 247d–6b(a)), or 
‘‘(II) any textile products for 
medical applications which are not de-
scribed in subclause (I), as identified 
by the Secretary, in consultation with 
the Secretary of Health and Human 
Services, and 
‘‘(ii) any portion of the qualified in-
vestment of which is certified by the Sec-
retary under subsection (d) as eligible for 
a credit under this section. 
‘‘(B) EXCEPTION.—Subclause (I) of sub-
paragraph (A)(i) shall not include sensors, elec-
tronics, or other items added to, and not nor-
mally associated with, equipment or clothing de-
scribed in such subclause. 
‘‘(2) ELIGIBLE PROPERTY.—The term ‘eligible 
property’ means any property— 
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‘‘(A) which is necessary for the production 
of property described in paragraph (1)(A)(i), 
‘‘(B) which is— 
‘‘(i) tangible personal property, or 
‘‘(ii) other tangible property (not in-
cluding a building or its structural compo-
nents), but only if such property is used as 
an integral part of the manufacturing fa-
cility described in such paragraph, and 
‘‘(C) with respect to which depreciation (or 
amortization in lieu of depreciation) is allow-
able. 
‘‘(d) QUALIFYING MEDICAL PERSONAL PROTECTIVE 
EQUIPMENT MANUFACTURING PROJECT PROGRAM.— 
‘‘(1) ESTABLISHMENT.— 
‘‘(A) IN
GENERAL.—Not later than 90 
days after the date of enactment of this section, 
the Secretary, in consultation with the Sec-
retary of Health and Human Services, shall es-
tablish a qualifying medical personal protective 
equipment manufacturing project program to 
consider and award certifications for qualified 
investments eligible for credits under this sec-
tion to qualifying medical personal protective 
equipment manufacturing project sponsors. 
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‘‘(B) LIMITATION.—The total amount of 
credits that may be allocated under the pro-
gram shall not exceed $7,500,000,000. 
‘‘(2) CERTIFICATION.— 
‘‘(A) APPLICATION PERIOD.—Each appli-
cant for certification under this paragraph shall 
submit an application (containing such informa-
tion as the Secretary may require) during the 
1-year period beginning on the date the Sec-
retary establishes the program under paragraph 
(1). 
‘‘(B) TIME TO MEET CRITERIA FOR CER-
TIFICATION.—Each applicant for certification 
shall have 1 year from the date of acceptance 
by the Secretary of the application during 
which to provide to the Secretary evidence that 
the requirements of the certification have been 
met. 
‘‘(C) PERIOD OF ISSUANCE.—An applicant 
which receives a certification shall have 2 years 
from the date of issuance of the certification in 
order to place the project in service and if such 
project is not placed in service by that time pe-
riod, then the certification shall no longer be 
valid. 
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‘‘(3) SELECTION
CRITERIA.—In determining 
which qualifying medical personal protective equip-
ment manufacturing projects to certify under this 
section, the Secretary shall take into consideration 
which projects— 
‘‘(A) will provide the greatest domestic job 
creation and retention (both direct and indirect) 
during the credit period, 
‘‘(B) will provide the largest amount of 
medical personal protective equipment for which 
there is the greatest need for purposes of the 
Strategic National Stockpile (as described in 
section 319F–2(a) of the Public Health Service 
Act (42 U.S.C. 247d–6b(a))), 
‘‘(C) have the greatest potential for help-
ing to achieve medical manufacturing independ-
ence for the United States, and 
‘‘(D) have the greatest potential to meet 
sudden surges in demand for personal protec-
tive equipment. 
‘‘(4) REVIEW AND REDISTRIBUTION.— 
‘‘(A) REVIEW.—Not later than 3 years 
after the date of enactment of this section, the 
Secretary shall review the credits allocated 
under this section as of such date. 
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‘‘(B) 
REDISTRIBUTION.—The 
Secretary 
may reallocate credits awarded under this sec-
tion if the Secretary determines that— 
‘‘(i) there is an insufficient quantity 
of qualifying applications for certification 
pending at the time of the review, or 
‘‘(ii) any certification made pursuant 
to paragraph (2) has been revoked pursu-
ant to paragraph (2)(B) because the 
project subject to the certification has been 
delayed as a result of third party opposi-
tion or litigation to the proposed project. 
‘‘(C) REALLOCATION.—If the Secretary de-
termines that credits under this section are 
available for reallocation pursuant to the re-
quirements set forth in paragraph (2), the Sec-
retary is authorized to conduct an additional 
program for applications for certification. 
‘‘(5) DISCLOSURE OF ALLOCATIONS.—The Sec-
retary shall, upon making a certification under this 
subsection, publicly disclose the identity of the appli-
cant and the amount of the credit with respect to 
such applicant.’’. 
(b) CONFORMING AMENDMENTS.— 
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