Supply Chain Disruptions Relief Act
USA117th CongressHR-7382| House
| Updated: 4/4/2022
Daniel T. Kildee
Democratic Representative
Michigan
Cosponsors (174)
Matthew M. Rosendale (Republican)Doug LaMalfa (Republican)Brenda L. Lawrence (Democratic)Dwight Evans (Democratic)Diana Harshbarger (Republican)David Schweikert (Republican)Donald Norcross (Democratic)Steve Chabot (Republican)Bob Gibbs (Republican)Adrian Smith (Republican)David Kustoff (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)Yvette Herrell (Republican)John Katko (Republican)Tom Cole (Republican)Elise M. Stefanik (Republican)Kay Granger (Republican)Jared F. Golden (Democratic)Trent Kelly (Republican)Chris Pappas (Democratic)Marc A. Veasey (Democratic)Robert C. "Bobby" Scott (Democratic)Jake LaTurner (Republican)Tim Burchett (Republican)Adam B. Schiff (Democratic)Guy Reschenthaler (Republican)Ashley Hinson (Republican)Alexander X. Mooney (Republican)Mark Pocan (Democratic)Joyce Beatty (Democratic)Lisa Blunt Rochester (Democratic)Andy Harris (Republican)David J. Trone (Democratic)Brian Higgins (Democratic)Chrissy Houlahan (Democratic)Gregory F. Murphy (Republican)Warren Davidson (Republican)Derek Kilmer (Democratic)Jefferson Van Drew (Republican)Carlos A. Gimenez (Republican)Carolyn B. Maloney (Democratic)Bill Foster (Democratic)Patrick Ryan (Democratic)Thomas P. Tiffany (Republican)Joe Courtney (Democratic)Robert J. Wittman (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Sanford D. Bishop (Democratic)C. A. Dutch Ruppersberger (Democratic)Pete Aguilar (Democratic)Glenn Thompson (Republican)Shontel M. Brown (Democratic)David Scott (Democratic)Mike Carey (Republican)Brad R. Wenstrup (Republican)Mariannette Miller-Meeks (Republican)Juan Vargas (Democratic)Terri A. Sewell (Democratic)Young Kim (Republican)Ken Buck (Republican)Jimmy Panetta (Democratic)J. Luis Correa (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Michael F. Doyle (Democratic)Pete Sessions (Republican)David Rouzer (Republican)Kathy E. Manning (Democratic)Debbie Dingell (Democratic)Madeleine Dean (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Angie Craig (Democratic)Thomas R. Suozzi (Democratic)Earl L. "Buddy" Carter (Republican)Haley M. Stevens (Democratic)Anthony G. Brown (Democratic)Andrew R. Garbarino (Republican)Frank J. Mrvan (Democratic)Danny K. Davis (Democratic)Jim Jordan (Republican)Scott Perry (Republican)David B. McKinley (Republican)Maria Elvira Salazar (Republican)Lloyd Smucker (Republican)Ann M. Kuster (Democratic)Sean Patrick Maloney (Democratic)Kurt Schrader (Democratic)A. Drew Ferguson (Republican)H. Morgan Griffith (Republican)Daniel Meuser (Republican)Don Bacon (Republican)André Carson (Democratic)Brendan F. Boyle (Democratic)Andy Barr (Republican)Matt Cartwright (Democratic)John B. Larson (Democratic)David P. Joyce (Republican)Mike Flood (Republican)Fred Upton (Republican)Carol D. Miller (Republican)Jodey C. Arrington (Republican)Jim Cooper (Democratic)Doug Lamborn (Republican)Joseph D. Morelle (Democratic)Pat Fallon (Republican)Ann Wagner (Republican)Mike Kelly (Republican)Mike D. Rogers (Republican)Sara Jacobs (Democratic)Roger Williams (Republican)Dean Phillips (Democratic)John Joyce (Republican)Brad Finstad (Republican)Raja Krishnamoorthi (Democratic)Glenn Grothman (Republican)Ron Estes (Republican)Troy E. Nehls (Republican)Blake D. Moore (Republican)John R. Moolenaar (Republican)Charles J. "Chuck" Fleischmann (Republican)Betty McCollum (Democratic)Scott Fitzgerald (Republican)Brad Sherman (Democratic)Mark E. Green (Republican)Mike Gallagher (Republican)Norma J. Torres (Democratic)Larry Bucshon (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Mark E. Amodei (Republican)Chris Jacobs (Republican)Donald S. Beyer (Democratic)Mike Bost (Republican)Scott DesJarlais (Republican)Michael K. Simpson (Republican)Pete Stauber (Republican)Andy Kim (Democratic)David G. Valadao (Republican)Ron Kind (Democratic)Michelle Steel (Republican)Julia Brownley (Democratic)Eddie Bernice Johnson (Democratic)Vicky Hartzler (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Bill Huizenga (Republican)Earl Blumenauer (Democratic)Tom Reed (Republican)Deborah K. Ross (Democratic)Randy Feenstra (Republican)Lori Trahan (Democratic)Robert E. Latta (Republican)Suzanne Bonamici (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jimmy Gomez (Democratic)Cathy McMorris Rodgers (Republican)Tracey Mann (Republican)Veronica Escobar (Democratic)Bill Johnson (Republican)Jaime Herrera Beutler (Republican)Michelle Fischbach (Republican)Gerald E. Connolly (Democratic)Troy Balderson (Republican)Brian Babin (Republican)Bill Pascrell (Democratic)Susan Wild (Democratic)Bryan Steil (Republican)Fred Keller (Republican)Michael Guest (Republican)Judy Chu (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Supply Chain Disruptions Relief Act This bill modifies the treatment of liquidations of new motor vehicle inventory as qualified LIFO (last in first out accounting method) inventory. It allows new motor vehicle dealers to elect to wait until the end of 2025 to replace their inventory for purposes of determining income attributable to the sale of such inventory during 2020 and 2021.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Accounting and auditingAdministrative law and regulatory proceduresDepartment of the TreasuryIncome tax deferralMotor vehiclesTax administration and collection, taxpayers
Supply Chain Disruptions Relief Act
USA117th CongressHR-7382| House
| Updated: 4/4/2022
Supply Chain Disruptions Relief Act This bill modifies the treatment of liquidations of new motor vehicle inventory as qualified LIFO (last in first out accounting method) inventory. It allows new motor vehicle dealers to elect to wait until the end of 2025 to replace their inventory for purposes of determining income attributable to the sale of such inventory during 2020 and 2021.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Daniel T. Kildee
Democratic Representative
Michigan
Cosponsors (174)
Matthew M. Rosendale (Republican)Doug LaMalfa (Republican)Brenda L. Lawrence (Democratic)Dwight Evans (Democratic)Diana Harshbarger (Republican)David Schweikert (Republican)Donald Norcross (Democratic)Steve Chabot (Republican)Bob Gibbs (Republican)Adrian Smith (Republican)David Kustoff (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)Yvette Herrell (Republican)John Katko (Republican)Tom Cole (Republican)Elise M. Stefanik (Republican)Kay Granger (Republican)Jared F. Golden (Democratic)Trent Kelly (Republican)Chris Pappas (Democratic)Marc A. Veasey (Democratic)Robert C. "Bobby" Scott (Democratic)Jake LaTurner (Republican)Tim Burchett (Republican)Adam B. Schiff (Democratic)Guy Reschenthaler (Republican)Ashley Hinson (Republican)Alexander X. Mooney (Republican)Mark Pocan (Democratic)Joyce Beatty (Democratic)Lisa Blunt Rochester (Democratic)Andy Harris (Republican)David J. Trone (Democratic)Brian Higgins (Democratic)Chrissy Houlahan (Democratic)Gregory F. Murphy (Republican)Warren Davidson (Republican)Derek Kilmer (Democratic)Jefferson Van Drew (Republican)Carlos A. Gimenez (Republican)Carolyn B. Maloney (Democratic)Bill Foster (Democratic)Patrick Ryan (Democratic)Thomas P. Tiffany (Republican)Joe Courtney (Democratic)Robert J. Wittman (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Sanford D. Bishop (Democratic)C. A. Dutch Ruppersberger (Democratic)Pete Aguilar (Democratic)Glenn Thompson (Republican)Shontel M. Brown (Democratic)David Scott (Democratic)Mike Carey (Republican)Brad R. Wenstrup (Republican)Mariannette Miller-Meeks (Republican)Juan Vargas (Democratic)Terri A. Sewell (Democratic)Young Kim (Republican)Ken Buck (Republican)Jimmy Panetta (Democratic)J. Luis Correa (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Michael F. Doyle (Democratic)Pete Sessions (Republican)David Rouzer (Republican)Kathy E. Manning (Democratic)Debbie Dingell (Democratic)Madeleine Dean (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Angie Craig (Democratic)Thomas R. Suozzi (Democratic)Earl L. "Buddy" Carter (Republican)Haley M. Stevens (Democratic)Anthony G. Brown (Democratic)Andrew R. Garbarino (Republican)Frank J. Mrvan (Democratic)Danny K. Davis (Democratic)Jim Jordan (Republican)Scott Perry (Republican)David B. McKinley (Republican)Maria Elvira Salazar (Republican)Lloyd Smucker (Republican)Ann M. Kuster (Democratic)Sean Patrick Maloney (Democratic)Kurt Schrader (Democratic)A. Drew Ferguson (Republican)H. Morgan Griffith (Republican)Daniel Meuser (Republican)Don Bacon (Republican)André Carson (Democratic)Brendan F. Boyle (Democratic)Andy Barr (Republican)Matt Cartwright (Democratic)John B. Larson (Democratic)David P. Joyce (Republican)Mike Flood (Republican)Fred Upton (Republican)Carol D. Miller (Republican)Jodey C. Arrington (Republican)Jim Cooper (Democratic)Doug Lamborn (Republican)Joseph D. Morelle (Democratic)Pat Fallon (Republican)Ann Wagner (Republican)Mike Kelly (Republican)Mike D. Rogers (Republican)Sara Jacobs (Democratic)Roger Williams (Republican)Dean Phillips (Democratic)John Joyce (Republican)Brad Finstad (Republican)Raja Krishnamoorthi (Democratic)Glenn Grothman (Republican)Ron Estes (Republican)Troy E. Nehls (Republican)Blake D. Moore (Republican)John R. Moolenaar (Republican)Charles J. "Chuck" Fleischmann (Republican)Betty McCollum (Democratic)Scott Fitzgerald (Republican)Brad Sherman (Democratic)Mark E. Green (Republican)Mike Gallagher (Republican)Norma J. Torres (Democratic)Larry Bucshon (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Mark E. Amodei (Republican)Chris Jacobs (Republican)Donald S. Beyer (Democratic)Mike Bost (Republican)Scott DesJarlais (Republican)Michael K. Simpson (Republican)Pete Stauber (Republican)Andy Kim (Democratic)David G. Valadao (Republican)Ron Kind (Democratic)Michelle Steel (Republican)Julia Brownley (Democratic)Eddie Bernice Johnson (Democratic)Vicky Hartzler (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Bill Huizenga (Republican)Earl Blumenauer (Democratic)Tom Reed (Republican)Deborah K. Ross (Democratic)Randy Feenstra (Republican)Lori Trahan (Democratic)Robert E. Latta (Republican)Suzanne Bonamici (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jimmy Gomez (Democratic)Cathy McMorris Rodgers (Republican)Tracey Mann (Republican)Veronica Escobar (Democratic)Bill Johnson (Republican)Jaime Herrera Beutler (Republican)Michelle Fischbach (Republican)Gerald E. Connolly (Democratic)Troy Balderson (Republican)Brian Babin (Republican)Bill Pascrell (Democratic)Susan Wild (Democratic)Bryan Steil (Republican)Fred Keller (Republican)Michael Guest (Republican)Judy Chu (Democratic)
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingAdministrative law and regulatory proceduresDepartment of the TreasuryIncome tax deferralMotor vehiclesTax administration and collection, taxpayers