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Retractable Technologies, Inc. Supports Senator Blackburn’s ONSHORE Manufacturing Act

Key Takeaway: Retractable Technologies, Inc. has expressed its support for Senator Marsha Blackburn's ONSHORE Manufacturing Act. This legislation aims to enhance domestic production of essential medical supplies by offering tax incentives for U.S. manufacturing. The act is expected to stimulate investments in advanced manufacturing equipment and facility upgrades.

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POSITIVE FACTORS

  • Supports domestic production of medical supplies.
  • Provides tax incentives for U.S. manufacturing.
  • Encourages investment in advanced manufacturing equipment.

Full Press Release Details

LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (“Retractable”) (NYSE American: RVP) announces its support for Senator Marsha Blackburn’s ONSHORE Manufacturing Act, legislation aimed at strengthening domestic production of critical medical supplies. The legislation would provide tax incentives for U.S. manufacturing, including investments in advanced manufacturing equipment and facility modernization. “The ONSHORE Manufacturing Act is the spark American manufacturers need to

Frequently Asked Questions

What is the ONSHORE Manufacturing Act?

The ONSHORE Manufacturing Act is legislation aimed at boosting U.S. production of critical medical supplies.

How does the ONSHORE Act support manufacturers?

It provides tax incentives for investments in advanced manufacturing equipment and facility modernization.

Who supports the ONSHORE Manufacturing Act?

Retractable Technologies, Inc. supports the act, highlighting its importance for American manufacturers.

Last updated: Sep 3, 2026