Securing America’s R&D Advantage Act

referredUnited States· United States Congress· EN

Introduced

14 September 2023

Last action

14 September 2023 · Introduced

Status

Read twice and referred to the Committee on Finance.

Summary

Securing America's R&D Advantage Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. The bill prohibits the expensing of such research and experimentation expenditures if they are conducted in North Korea, China, Russia, or Iran. The bill increases the maximum amount eligible for the tax credit for new and small businesses and increases to 20% the rate of the credit for business startups.

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Timeline

14 September 2023
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
14 September 2023
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 14 September 2023 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 14 September 2023
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Introduced in Senate (PDF)
Introduced in Senate · EN · 14 September 2023
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Introduced in Senate
summary · EN · 14 September 2023
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → American Innovation and Jobs Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/senate-bill/2823
Open data entity: https://api.congress.gov/v3/bill/118/s/2823
us · 118-s-2823 · source updated 5 December 2025