Supply Chain Disruptions Relief Act
USA118th CongressHR-700| House
| Updated: 2/1/2023
Jodey C. Arrington
Republican Representative
Texas
Cosponsors (169)
Matthew M. Rosendale (Republican)Doug LaMalfa (Republican)Dwight Evans (Democratic)Diana Harshbarger (Republican)David Schweikert (Republican)Donald Norcross (Democratic)Adrian Smith (Republican)David Kustoff (Republican)Marcy Kaptur (Democratic)Ryan K. Zinke (Republican)Elise M. Stefanik (Republican)Kay Granger (Republican)Jared F. Golden (Democratic)Trent Kelly (Republican)Chris Pappas (Democratic)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Tim Burchett (Republican)Guy Reschenthaler (Republican)Ashley Hinson (Republican)Mark Pocan (Democratic)Abigail Davis Spanberger (Democratic)Joyce Beatty (Democratic)Lisa Blunt Rochester (Democratic)Steve Womack (Republican)Gabe Vasquez (Democratic)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)Mark Alford (Republican)Bill Foster (Democratic)Thomas P. Tiffany (Republican)Robert J. Wittman (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Sanford D. Bishop (Democratic)C. A. Dutch Ruppersberger (Democratic)Zachary Nunn (Republican)Keith Self (Republican)Mike Ezell (Republican)Glenn Thompson (Republican)Shontel M. Brown (Democratic)Greg Landsman (Democratic)David Scott (Democratic)Mike Carey (Republican)Claudia Tenney (Republican)Brad R. Wenstrup (Republican)Mariannette Miller-Meeks (Republican)Beth Van Duyne (Republican)Juan Vargas (Democratic)Terri A. Sewell (Democratic)Troy A. Carter (Democratic)Young Kim (Republican)Ken Buck (Republican)Jimmy Panetta (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Pete Sessions (Republican)David Rouzer (Republican)Debbie Dingell (Democratic)Madeleine Dean (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Angie Craig (Democratic)John James (Republican)Donald G. Davis (Democratic)Earl L. "Buddy" Carter (Republican)Haley M. Stevens (Democratic)Jeff Jackson (Democratic)Andrew R. Garbarino (Republican)Frank J. Mrvan (Democratic)Danny K. Davis (Democratic)Daniel T. Kildee (Democratic)Jim Jordan (Republican)Scott Perry (Republican)Maria Elvira Salazar (Republican)Thomas H. Kean (Republican)Ann M. Kuster (Democratic)Jasmine Crockett (Democratic)A. Drew Ferguson (Republican)H. Morgan Griffith (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Nikki Budzinski (Democratic)Brendan F. Boyle (Democratic)Andy Barr (Republican)Matt Cartwright (Democratic)John B. Larson (Democratic)David P. Joyce (Republican)Mike Flood (Republican)Carol D. Miller (Republican)Joseph D. Morelle (Democratic)Emilia Strong Sykes (Democratic)Pat Fallon (Republican)Ann Wagner (Republican)Mike Kelly (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Hillary J. Scholten (Democratic)Sara Jacobs (Democratic)Roger Williams (Republican)Dean Phillips (Democratic)Brad Finstad (Republican)Raja Krishnamoorthi (Democratic)Nicholas A. Langworthy (Republican)Ron Estes (Republican)Troy E. Nehls (Republican)Josh Harder (Democratic)Blake D. Moore (Republican)John R. Moolenaar (Republican)Charles J. "Chuck" Fleischmann (Republican)Betty McCollum (Democratic)Scott Fitzgerald (Republican)Harriet M. Hageman (Republican)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)Donald S. Beyer (Democratic)Mike Bost (Republican)Michael K. Simpson (Republican)Pete Stauber (Republican)Andy Kim (Democratic)David G. Valadao (Republican)Michael R. Turner (Republican)Michelle Steel (Republican)Julia Brownley (Democratic)Derrick Van Orden (Republican)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Max L. Miller (Republican)Deborah K. Ross (Democratic)Randy Feenstra (Republican)Juan Ciscomani (Republican)Lori Trahan (Democratic)Robert E. Latta (Republican)Suzanne Bonamici (Democratic)Burgess Owens (Republican)Monica De La Cruz (Republican)Jared Moskowitz (Democratic)Ben Cline (Republican)Chuck Edwards (Republican)Yadira Caraveo (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jimmy Gomez (Democratic)Susie Lee (Democratic)Tracey Mann (Republican)Veronica Escobar (Democratic)Bill Johnson (Republican)Michelle Fischbach (Republican)Gerald E. Connolly (Democratic)Troy Balderson (Republican)Brian Babin (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Susan Wild (Democratic)Bryan Steil (Republican)Lori Chavez-DeRemer (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
USA118th CongressHR-700| House
| Updated: 2/1/2023
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.
Jodey C. Arrington
Republican Representative
Texas
Cosponsors (169)
Matthew M. Rosendale (Republican)Doug LaMalfa (Republican)Dwight Evans (Democratic)Diana Harshbarger (Republican)David Schweikert (Republican)Donald Norcross (Democratic)Adrian Smith (Republican)David Kustoff (Republican)Marcy Kaptur (Democratic)Ryan K. Zinke (Republican)Elise M. Stefanik (Republican)Kay Granger (Republican)Jared F. Golden (Democratic)Trent Kelly (Republican)Chris Pappas (Democratic)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Tim Burchett (Republican)Guy Reschenthaler (Republican)Ashley Hinson (Republican)Mark Pocan (Democratic)Abigail Davis Spanberger (Democratic)Joyce Beatty (Democratic)Lisa Blunt Rochester (Democratic)Steve Womack (Republican)Gabe Vasquez (Democratic)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)Mark Alford (Republican)Bill Foster (Democratic)Thomas P. Tiffany (Republican)Robert J. Wittman (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Sanford D. Bishop (Democratic)C. A. Dutch Ruppersberger (Democratic)Zachary Nunn (Republican)Keith Self (Republican)Mike Ezell (Republican)Glenn Thompson (Republican)Shontel M. Brown (Democratic)Greg Landsman (Democratic)David Scott (Democratic)Mike Carey (Republican)Claudia Tenney (Republican)Brad R. Wenstrup (Republican)Mariannette Miller-Meeks (Republican)Beth Van Duyne (Republican)Juan Vargas (Democratic)Terri A. Sewell (Democratic)Troy A. Carter (Democratic)Young Kim (Republican)Ken Buck (Republican)Jimmy Panetta (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Pete Sessions (Republican)David Rouzer (Republican)Debbie Dingell (Democratic)Madeleine Dean (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Angie Craig (Democratic)John James (Republican)Donald G. Davis (Democratic)Earl L. "Buddy" Carter (Republican)Haley M. Stevens (Democratic)Jeff Jackson (Democratic)Andrew R. Garbarino (Republican)Frank J. Mrvan (Democratic)Danny K. Davis (Democratic)Daniel T. Kildee (Democratic)Jim Jordan (Republican)Scott Perry (Republican)Maria Elvira Salazar (Republican)Thomas H. Kean (Republican)Ann M. Kuster (Democratic)Jasmine Crockett (Democratic)A. Drew Ferguson (Republican)H. Morgan Griffith (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Nikki Budzinski (Democratic)Brendan F. Boyle (Democratic)Andy Barr (Republican)Matt Cartwright (Democratic)John B. Larson (Democratic)David P. Joyce (Republican)Mike Flood (Republican)Carol D. Miller (Republican)Joseph D. Morelle (Democratic)Emilia Strong Sykes (Democratic)Pat Fallon (Republican)Ann Wagner (Republican)Mike Kelly (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Hillary J. Scholten (Democratic)Sara Jacobs (Democratic)Roger Williams (Republican)Dean Phillips (Democratic)Brad Finstad (Republican)Raja Krishnamoorthi (Democratic)Nicholas A. Langworthy (Republican)Ron Estes (Republican)Troy E. Nehls (Republican)Josh Harder (Democratic)Blake D. Moore (Republican)John R. Moolenaar (Republican)Charles J. "Chuck" Fleischmann (Republican)Betty McCollum (Democratic)Scott Fitzgerald (Republican)Harriet M. Hageman (Republican)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)Donald S. Beyer (Democratic)Mike Bost (Republican)Michael K. Simpson (Republican)Pete Stauber (Republican)Andy Kim (Democratic)David G. Valadao (Republican)Michael R. Turner (Republican)Michelle Steel (Republican)Julia Brownley (Democratic)Derrick Van Orden (Republican)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Max L. Miller (Republican)Deborah K. Ross (Democratic)Randy Feenstra (Republican)Juan Ciscomani (Republican)Lori Trahan (Democratic)Robert E. Latta (Republican)Suzanne Bonamici (Democratic)Burgess Owens (Republican)Monica De La Cruz (Republican)Jared Moskowitz (Democratic)Ben Cline (Republican)Chuck Edwards (Republican)Yadira Caraveo (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jimmy Gomez (Democratic)Susie Lee (Democratic)Tracey Mann (Republican)Veronica Escobar (Democratic)Bill Johnson (Republican)Michelle Fischbach (Republican)Gerald E. Connolly (Democratic)Troy Balderson (Republican)Brian Babin (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Susan Wild (Democratic)Bryan Steil (Republican)Lori Chavez-DeRemer (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