ury shall consider a geographically diverse group of 
individuals with experience in the areas of— 
(A) managing manufacturing companies, 
including businesses with fewer than 100 em-
ployees, 
(B) conducting manufacturing-related re-
search and development, 
(C) commercialization of scientific innova-
tion, 
(D) managing supply chain providers, 
(E) finance, and 
(F) analyzing manufacturing policy and 
economic competitiveness. 
(3) POLITICAL AFFILIATION.—Not more than 5 
members may be of the same political party. 
(4) TERMS.—Each member shall be appointed 
for the life of the Commission. 
(5) VACANCIES.—A vacancy in the Commission 
shall be filled in the manner in which the original 
appointment was made. 
(6) PAY OF MEMBERS.— 
(A) IN GENERAL.—Members shall each be 
entitled to receive the daily equivalent of the 
maximum annual rate of basic pay for grade 
GS–11 of the General Schedule for each day 
VerDate Sep 11 2014 
21:37 Jan 19, 2017
Jkt 069200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6201
E:\BILLS\H340.IH
H340
asabaliauskas on DSK3SPTVN1PROD with BILLS
(including travel time) during which they are 
engaged in the actual performance of duties 
vested in the Commission. 
(B) TRAVEL
EXPENSES.—Each member 
shall receive travel expenses, including per diem 
in lieu of subsistence, in accordance with appli-
cable provisions under subchapter I of chapter 
57 of title 5, United States Code. 
(7) PREVENTION OF CONFLICTS OF INTEREST 
AND NEPOTISM.— 
(A) AGREEMENT.—The Secretary of the 
Treasury shall not appoint any individual to be 
a member of the Commission unless such indi-
vidual has first signed an agreement with the 
Secretary to prevent conflicts of interest and 
nepotism. Such agreement shall include a re-
quirement that the individual comply with the 
provisions of subparagraph (B) and shall in-
clude such penalties for failure to so comply as 
the Secretary determines appropriate. 
(B) REQUIREMENTS.—A member of the 
Commission shall not, during the 5-year period 
beginning on the effective date of the domestic 
manufacturing consumer credit (described in 
section 101(d)), hold, directly or indirectly, any 
VerDate Sep 11 2014 
21:37 Jan 19, 2017
Jkt 069200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6201
E:\BILLS\H340.IH
H340
asabaliauskas on DSK3SPTVN1PROD with BILLS
interest in any person associated with any des-
ignated product, any component of any des-
ignated product, or any equipment to manufac-
ture any such product or component. An inter-
est held in any fund held by such member shall 
be taken into account under the preceding sen-
tence unless such fund is a broad-based index 
fund. Any interest held by such member prior 
to the beginning of such 5-year period which is 
not (consistent with the requirements of this 
subparagraph) permitted to be held during such 
period, shall be disposed of prior to such period. 
(d) CHAIRPERSON.—The Chairperson of the Com-
mission shall be designated by the Secretary of the Treas-
ury (or his designee) at the time of appointment. 
(e) STAFF.—Any staff of the Commission shall be ap-
pointed subject to the provisions of title 5, United States 
Code, governing appointments in the competitive service, 
and shall be paid in accordance with the provisions of 
chapter 51 and subchapter III of chapter 53 of that title 
relating to classification and General Schedule pay rates. 
(f) TERMINATION.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the Commission shall terminate 30 days 
VerDate Sep 11 2014 
21:37 Jan 19, 2017
Jkt 069200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6201
E:\BILLS\H340.IH
H340
asabaliauskas on DSK3SPTVN1PROD with BILLS
after making recommendations to the Secretary of 
the Treasury described in subsection (b). 
(2) EXTENSION.—At the request of the Sec-
retary of the Treasury or his designee, the Commis-
sion shall continue in existence for such period at 
the Secretary may request but not later than 1 year 
after making such recommendations. 
TITLE II—MANUFACTURER 
CREDIT 
SEC. 201. CREDIT FOR MANUFACTURING FACILITY COSTS. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following new 
section: 
‘‘SEC. 45S. MANUFACTURING FACILITY EXPENDITURES. 
‘‘(a) GENERAL RULE.—For purposes of section 38, 
in the case of an eligible business, the manufacturing facil-
ity expenditure credit for any taxable year is an amount 
equal to 25 percent of the qualified facility construction 
expenditures of the taxpayer for the taxable year. 
‘‘(b) ELIGIBLE BUSINESS.—For purposes of this sec-
tion— 
‘‘(1) IN GENERAL.—The term ‘eligible business’ 
means any corporation or partnership— 
VerDate Sep 11 2014 
21:37 Jan 19, 2017
Jkt 069200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6201
E:\BILLS\H340.IH
H340
asabaliauskas on DSK3SPTVN1PROD with BILLS
‘‘(A) which is engaged in an active trade or 
business, 
‘‘(B) which is headquartered in the United 
States, 
‘‘(C) substantially all of the management 
or administrative activities of which are per-
formed in the United States, 
‘‘(D) which has not (prior to placing into 
service the manufacturing facility designated 
for purposes of this section) placed in service a 
manufacturing facility, 
‘‘(E) which is a start-up company, and 
‘‘(F) with respect to which all debt obliga-
tions issued by, and equity interests in, have a 
rating of B minus (or its substantial equivalent) 
or higher from a credit rating agency registered 
with the Securities and Exchange Commission 
as a nationally recognized statistical rating or-
ganization (as defined in section 3(a) of the Se-
curities Exchange Act of 1934). 
‘‘(2) START-UP COMPANY.—The term ‘start-up 
company’ means any corporation or partnership— 
‘‘(A) which first has both gross receipts 
and qualified research expenses (as defined in 
VerDate Sep 11 2014 
21:37 Jan 19, 2017
Jkt 069200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6201
E:\BILLS\H340.IH
H340
asabaliauskas on DSK3SPTVN1PROD with BILLS