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United States · Bill · HR

H.R. 700 (118th)

Supply Chain Disruptions Relief Act

referredUnited States· United States Congress· EN

Introduced

1 February 2023

Last action

1 February 2023 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Arrington, Jodey C. [R-TX-19], Rep. Kildee, Daniel T. [D-MI-5], Rep. James, John [R-MI-10], Rep. Estes, Ron [R-KS-4], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Harshbarger, Diana [R-TN-1], Rep. Tiffany, Thomas P. [R-WI-7], Rep. Gallagher, Mike [R-WI-8], Rep. Gottheimer, Josh [D-NJ-5], Rep. Steil, Bryan [R-WI-1], Rep. Fitzgerald, Scott [R-WI-5], Rep. Beyer, Donald S. [D-VA-8], Rep. Wittman, Robert J. [R-VA-1], Rep. Panetta, Jimmy [D-CA-19], Rep. Moolenaar, John R. [R-MI-2], Rep. Trone, David J. [D-MD-6], Rep. Golden, Jared F. [D-ME-2], Rep. Kilmer, Derek [D-WA-6], Rep. Morelle, Joseph D. [D-NY-25], Rep. Larson, John B. [D-CT-1], Rep. Houlahan, Chrissy [D-PA-6], Rep. Blumenauer, Earl [D-OR-3], Rep. Pocan, Mark [D-WI-2], Rep. Costa, Jim [D-CA-21], Rep. Veasey, Marc A. [D-TX-33], Rep. Titus, Dina [D-NV-1], Rep. Connolly, Gerald E. [D-VA-11], Rep. Rogers, Mike D. [R-AL-3], Rep. Craig, Angie [D-MN-2], Rep. Chu, Judy [D-CA-28], Rep. Boyle, Brendan F. [D-PA-2], Rep. Bishop, Sanford D. [D-GA-2], Rep. Self, Keith [R-TX-3], Rep. McCollum, Betty [D-MN-4], Rep. Brownley, Julia [D-CA-26], Rep. Wagner, Ann [R-MO-2], Rep. Tenney, Claudia [R-NY-24], Rep. Evans, Dwight [D-PA-3], Rep. Griffith, H. Morgan [R-VA-9], Rep. Johnson, Bill [R-OH-6], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Ross, Deborah K. [D-NC-2], Rep. Carbajal, Salud O. [D-CA-24], Rep. Jacobs, Sara [D-CA-51], Rep. Wild, Susan [D-PA-7], Rep. Gooden, Lance [R-TX-5], Rep. Swalwell, Eric [D-CA-15], Rep. Dean, Madeleine [D-PA-4]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 February 2023

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 1 February 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 February 2023

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 February 2023

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  • Introduced in House (PDF)

    Introduced in House · EN · 1 February 2023

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 February 2023

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Sponsors

Showing 48 of 171 sponsors and actors.

Related records

Sources

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