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H.R. 7382 · 117th Congress

Supply Chain Disruptions Relief Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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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.

174 cosponsors · 78 D, 96 R
JAR Arrington DBD Beyer ACD Carson MKR Kelly JPD Panetta KSD Schrader RWR Williams MDD Doyle TRR Reed SBD Bonamici BHD Higgins BLD Lawrence AMR Mooney FMD Mrvan MRR Rogers BWR Wenstrup RER Estes DMR McKinley CPD Pappas ABD Brown DLR LaHood DSR Schweikert MDD Dean BFR Fitzpatrick DJR Joyce CMR Miller TMR Mann BMD McCollum ESD Swalwell CJR Jacobs DKD Kilmer JMD Morelle SBD Bishop ABR Barr CFR Fleischmann JLR LaTurner MAR Amodei TOD O’Halleran TSD Suozzi DTD Titus JBD Beatty ACD Craig KMD Manning DRD Ross JCD Cooper AHR Harris MRR Rosendale LBR Bucshon LBD Blunt Rochester JCD Costa EBD Blumenauer KBR Buck VED Escobar MGR Green DHR Harshbarger DKR Kustoff MBR Bost SCR Chabot SDR DesJarlais AHR Hinson DLR LaMalfa MMR Miller-Meeks BPD Pascrell BSD Scott JGD Gottheimer JKR Katko DRR Rouzer AWR Wagner TCR Cole VHR Hartzler YHR Herrell RKD Krishnamoorthi DMR Meuser BBD Boyle TBR Burchett DED Evans PFR Fallon JGD Golden JHR Herrera Beutler CHD Houlahan RKD Kind FKR Keller YKR Kim GMR Murphy SPR Perry GRR Reschenthaler PSR Sessions BSD Sherman ASR Smith MCD Cartwright MGR Guest SWD Wild GCD Connolly MFR Fischbach AKD Kuster PSR Stauber DDD Davis JJR Joyce DPD Phillips MSR Simpson TSD Sewell BSR Steil GTR Thompson BCR Carter RFR Feenstra SJD Jacobs DLR Lamborn BHR Huizenga LSR Smucker MKD Kaptur CMD Maloney TTR Tiffany PTD Tonko GGR Grothman CRD Ruppersberger DND Norcross SDD DelBene BBR Babin MCR Carey JCD Correa CMR McMorris Rodgers EJD Johnson BMR Moore DDD Dingell JGD Gomez BFD Foster DSD Scott PAD Aguilar JVD Vargas AFR Ferguson JLD Larson TNR Nehls TBR Balderson DBR Bacon JCD Courtney TER Emmer LGR Gooden BJR Johnson SMD Maloney NTD Torres JVR Van Drew AGR Garbarino MPD Pocan HGR Griffith DVR Valadao TKR Kelly MGR Gallagher ASD Schiff LTD Trahan SBD Brown AKD Kim MVD Veasey KGR Granger JCD Chu JJR Jordan RLR Latta SFR Fitzgerald BGR Gibbs MSR Salazar JBD Brownley MSR Steel WDR Davidson JMR Moolenaar SCD Carbajal BFR Finstad PRD Ryan HSD Stevens DTD Trone ESR Stefanik CGR Gimenez FUR Upton RWR Wittman MFR Flood LSD Sánchez

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

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.

What it does: CRS summary · Introduced in House · Apr 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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Supply Chain Disruptions Relief Act

Latest action (Apr 4, 2022): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Apr 4, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.