American Innovation and R&D Competitiveness Act of 2021

Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

JLD LarsonSponsor

114 cosponsors · 53 D, 61 R

JAR Arrington SDD DelBene RER Estes DLR LaHood JPD Panetta EBD Blumenauer BBD Boyle AFR Ferguson KHR Hern SMD Murphy CMR Miller TSD Sewell JSR Smith TSD Suozzi JWR Walorski SBD Bonamici KBR Buck BFR Fitzpatrick MKR Kelly JCR Curtis RKD Kind DLR Lesko GMD Moore MSD Strickland VBR Buchanan ABR Biggs CHD Houlahan DKD Kildee TRD Ryan TRR Reed BSR Steil VTR Taylor BWR Wenstrup TCR Cole ADD Delgado BFD Foster DHR Harshbarger TRR Rice MSD Sherrill GSD Stanton CFR Franklin DSR Schweikert LSR Smucker HCD Cuellar SMD Moulton AWR Wagner ABD Brown BPR Posey GRR Reschenthaler BJR Johnson BLD Lawrence JCR Carl DMR McKinley ASR Smith DBD Beyer BCR Carter SHD Horsford FUR Upton RAR Allen DKD Kilmer FKR Keller SCR Chabot DDD Davis MMR McCaul TOD O’Halleran HSD Stevens AKD Kirkpatrick JMD Morelle MAR Amodei ESD Slotkin VHR Hartzler PMR Meijer DTD Titus TLD Lieu GCD Connolly GGR Grothman RJR Jackson JCD Courtney DED Evans RFR Fulcher CFR Fleischmann FLR Lucas BPD Pascrell JWD Wexton LRD Roybal-Allard MKD Kaptur DRD Ross MVD Veasey PAD Aguilar TMR Mann RCR Crawford KCR Calvert JJR Joyce SWR Womack SPR Perry NWD Williams GMR Murphy RDR Davis SDD Davids JND Neguse MCR Carey DBR Bacon LBD Blunt Rochester MSD Stansbury MBR Bost DKR Kustoff AMR Mooney DSD Soto BSD Sherman JBD Brownley WDR Davidson CRD Ruppersberger JLR LaTurner JGD Gottheimer

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill eliminates the five-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.