118th Congress Taxation
H.R. 700: Supply Chain Disruptions Relief Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Daniel Kildee D-MIOriginal
- John James R-MI
- Ron Estes R-KS
- Brian Fitzpatrick R-PA
- Mike Gallagher R-WI
- Diana Harshbarger R-TN
- Thomas Tiffany R-WI
- Josh Gottheimer D-NJ
- Bryan Steil R-WI
- Donald Beyer D-VA
- Scott Fitzgerald R-WI
- John Moolenaar R-MI
- Jimmy Panetta D-CA
- Robert Wittman R-VA
- Earl Blumenauer D-OR
- Jared Golden D-ME
- Chrissy Houlahan D-PA
- Derek Kilmer D-WA
- John Larson D-CT
- Joseph Morelle D-NY
- Mark Pocan D-WI
- David Trone D-MD
- Sanford Bishop D-GA
- Brendan Boyle D-PA
- Jim Costa D-CA
- Gerald Connolly D-VA
- Judy Chu D-CA
- Angie Craig D-MN
- Betty McCollum D-MN
- Mike Rogers R-AL
- Keith Self R-TX
- Dina Titus D-NV
- Marc Veasey D-TX
- Julia Brownley D-CA
- Dwight Evans D-PA
- Claudia Tenney R-NY
- Ann Wagner R-MO
- H. Griffith R-VA
- Bill Johnson R-OH
- Bill Pascrell D-NJ
- Salud Carbajal D-CA
- Madeleine Dean D-PA
- A. Ferguson R-GA
- Lance Gooden R-TX
- Sara Jacobs D-CA
- Deborah Ross D-NC
- Eric Swalwell D-CA
- Susan Wild D-PA
- Matthew Cartwright D-PA
- Charles Fleischmann R-TN
- David Schweikert R-AZ
- Mike Bost R-IL
- Ken Buck R-CO
- Ben Cline R-VA
- Suzan DelBene D-WA
- Michael Simpson R-ID
- Derrick Van Orden R-WI
- Danny Davis D-IL
- Mike Flood R-NE
- Brian Higgins D-NY
- Lori Trahan D-MA
- Lisa Blunt Rochester D-DE
- Brad Finstad R-MN
- Marcy Kaptur D-OH
- Mike Kelly R-PA
- Chris Pappas D-NH
- Linda Sánchez D-CA
- Veronica Escobar D-TX
- Blake Moore R-UT
- Donald Davis D-NC
- Jim Jordan R-OH
- Jeffrey Jackson D-NC
- Jacob LaTurner R-KS
- Carol Miller R-WV
- Jared Moskowitz D-FL
- Pete Sessions R-TX
- Brad Wenstrup R-OH
- Roger Williams R-TX
- Troy Balderson R-OH
- Pete Stauber R-MN
- Joyce Beatty D-OH
- Debbie Dingell D-MI
- Warren Davidson R-OH
- Michelle Fischbach R-MN
- Ann Kuster D-NH
- Troy Nehls R-TX
- Dean Phillips D-MN
- C. Ruppersberger D-MD
- Norma Torres D-CA
- Jefferson Van Drew R-NJ
- Garland Barr R-KY
- Patrick Fallon R-TX
- Darin LaHood R-IL
- Gregory Murphy R-NC
- Maria Salazar R-FL
- Juan Vargas D-CA
- Mike Carey R-OH
- Charles (Chuck) Edwards R-NC
- Jimmy Gomez D-CA
- Mariannette Miller-Meeks R-IA
- Donald Norcross D-NJ
- Haley Stevens D-MI
- Gabriel (Gabe) Vasquez D-NM
- David Kustoff R-TN
- Doug LaMalfa R-CA
- David Valadao R-CA
- Nicole (Nikki) Budzinski D-IL
- Frank Mrvan D-IN
- Matthew Rosendale R-MT
- David Scott D-GA
- Adrian Smith R-NE
- Elise Stefanik R-NY
- Don Bacon R-NE
- Yadira Caraveo D-CO
- Carlos Gimenez R-FL
- Terri Sewell D-AL
- Lori Chavez-DeRemer R-OR
- Josh Harder D-CA
- Trent Kelly R-MS
- Raja Krishnamoorthi D-IL
- Andy Kim D-NJ
- Robert Latta R-OH
- Michelle Steel R-CA
- Mark Amodei R-NV
- Jasmine Crockett D-TX
- Nicholas Langworthy R-NY
- Greg Landsman D-OH
- Clarence Owens R-UT
- David Rouzer R-NC
- Hillary Scholten D-MI
- Steve Womack R-AR
- Ryan Zinke R-MT
- Mark Alford R-MO
- Mike Ezell R-MS
- Michael Guest R-MS
- Susie Lee D-NV
- Tracey Mann R-KS
- Daniel Meuser R-PA
- Earl Carter R-GA
- Suzanne Bonamici D-OR
- Randy Feenstra R-IA
- Andrew Garbarino R-NY
- Guy Reschenthaler R-PA
- Bill Foster D-IL
- Kay Granger R-TX
- Larry Bucshon R-IN
- Mónica De La Cruz R-TX
- Mark Green R-TN
- Zachary (Zach) Nunn R-IA
- Glenn Thompson R-PA
- Tim Burchett R-TN
- Troy Carter D-LA
- Young Kim R-CA
- Scott Perry R-PA
- Paul Tonko D-NY
- Brian Babin R-TX
- Juan Ciscomani R-AZ
- Emilia Sykes D-OH
- Shontel Brown D-OH
- Chellie Pingree D-ME
- Ashley Hinson R-IA
- Beth Van Duyne R-TX
- David Joyce R-OH
- Max Miller R-OH
- Michael Turner R-OH
- Abigail Spanberger D-VA
- Harriet Hageman R-WY
- Richard Hudson R-NC
- Thomas Kean R-NJ
Who scored on this bill
- 1Jodey Arrington SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone5 events+24
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Jodey Arrington.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.