US Senator Adam Schiff's office says a federal film and television tax credit bill is progressing, with the Senate, House and Trump administration now negotiating final legislative text, though a deal remains unfinished. The initiative, informally dubbed the Motion Picture, Television, and Entertainment Revitalization Act, would mark a significant shift in how America competes for productions currently lured overseas by more generous foreign incentives, with backing from Donald Trump adding political momentum despite unresolved details.

The working proposal centres on a 20% federal tax credit, potentially rising by 5-10% for rural filming or projects spread across multiple states, and is broadly modelled on California's $750 million annual incentive scheme. Democrats Linda Sanchez and Laura Friedman are leading House efforts alongside Republicans Nathaniel Moran and Brian Jack, while California Governor Gavin Newsom has pushed for a 20-25% credit; Paramount chief David Ellison is also reported to have influenced draft language. Democrats are focused on protecting jobs in Hollywood and New York, whereas Republicans see the bill as a way to boost production hubs in Texas and Georgia, states hit hard by runaway productions moving abroad.