Supply Chain Disruptions Relief Act

Passed the Senate without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 117th Congress ended.

SBD BrownSponsor

59 cosponsors · 23 D, 35 R, 1 I

CCD Cortez Masto CLR Lummis PMD Murray RMR Marshall RPR Portman DSD Stabenow TSR Scott MBR Braun AKI King TCD Carper MHD Hassan JMR Moran JBR Boozman SCR Capito RWD Warnock MBR Blackburn SDR Daines DFD Feinstein APD Padilla TBD Baldwin JBR Barrasso RWR Wicker BCD Casey CGR Grassley BCD Cardin TTR Tillis MKD Kelly KCR Cramer JER Ernst RBR Blunt JHR Hoeven JTD Tester BCR Cassidy CHR Hyde-Smith JRR Risch MRR Rounds RBR Burr RJR Johnson TDD Duckworth DFR Fischer GPD Peters JSD Shaheen TSD Smith JCR Cornyn AKD Klobuchar JIR Inhofe CSD Schumer CVD Van Hollen RSR Scott TYR Young CCD Coons DSR Sullivan JRD Rosen RBD Blumenthal RPR Paul BSR Sasse JTR Thune BHR Hagerty MRR Rubio

7 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.