Types of assistance

(a) Refundable tariff impact credit (1) In general Assistance may be provided in the form of a refundable credit for net tariff injuries that are a result of covered tariff actions. (2) Limitation The amount of assistance provided under this subsection for a net tariff injury, in addition to other assistance provided for the same net tariff injury, may be provided up to the full amount of the person’s documented net tariff injury, subject to section 105(b) and availability of funds. (b) Tariff working-Capital loans (1) In general Assistance may be provided in the form of low-interest loans to persons experiencing short-term liquidity constraints attributable to— (A) tariffs on manufacturing inputs; (B) retaliatory foreign tariffs; (C) supply-chain disruptions caused by covered tariff actions; or (D) extraordinary inventory, sourcing, or production-transition costs caused by covered tariff actions. (2) Other terms and conditions A loan authorized under this subsection shall— (A) have a term of not more than 10 years; (B) carry an interest rate sufficient to provide for the Federal Government’s cost of funds and expected program losses; (C) permit accelerated repayment without penalty; and (D) receive priority consideration for persons who are small- and medium-sized manufacturers. (c) American investment credit Assistance may be provided for investments that— (1) establish or expand production in the United States; (2) reshore production or critical supply chains; (3) substitute United States-made inputs for tariff-affected foreign inputs; (4) expand domestic production of critical minerals, metals, components, machine tools, semiconductors, vehicles, defense products, pharmaceuticals, agricultural products, or other strategically important goods; (5) modernize United States manufacturing facilities; or (6) train or retain United States workers necessary for such production. (d) Rapid relief for critical employers (1) In general The Secretary may provide assistance in the form of emergency bridge financing if a tariff-related liquidity crisis creates an imminent risk of— (A) closure of a United States manufacturing facility; (B) substantial layoffs; (C) interruption of a critical domestic supply chain; or (D) loss of productive capacity important to economic or national security. (2) Audit and recapture Assistance provided under this subsection shall be subject to auditing and recapture requirements.