House Bill 2673 - American Innovation and R&D Competitiveness Act of 2023

Purpose and Summary

Chamber: House

Introduced date: 2023-04-18

Recent Activity

Sponsor introductory remarks on measure. (CR H1898)

Alternative Names

American Innovation and R&D Competitiveness Act of 2023

American Innovation and R&D Competitiveness Act of 2023

To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures.

Associated Legislation

Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups Act

American Innovation and Jobs Act

Policy Areas

Taxation

Potential Impact

Business expenses

Income tax deductions

Research and development

Sponsors and Supporters

Rep. Estes, Ron [R-KS-4]

Cosponsors and Supporters

Rep. Larson, John B. [D-CT-1]

Rep. LaHood, Darin [R-IL-16]

Rep. DelBene, Suzan K. [D-WA-1]

Rep. Arrington, Jodey C. [R-TX-19]

Rep. Panetta, Jimmy [D-CA-19]

Rep. Buchanan, Vern [R-FL-16]

Rep. Blumenauer, Earl [D-OR-3]

Rep. Smith, Adrian [R-NE-3]

Rep. Pascrell, Bill, Jr. [D-NJ-9]

Rep. Kelly, Mike [R-PA-16]

Rep. Davis, Danny K. [D-IL-7]

Rep. Schweikert, David [R-AZ-1]

Rep. Sewell, Terri A. [D-AL-7]

Rep. Wenstrup, Brad R. [R-OH-2]

Rep. Kildee, Daniel T. [D-MI-8]

Rep. Ferguson, A. Drew, IV [R-GA-3]

Rep. Beyer, Donald S., Jr. [D-VA-8]

Rep. Smucker, Lloyd [R-PA-11]

Rep. Evans, Dwight [D-PA-3]

Rep. Hern, Kevin [R-OK-1]

Rep. Bonamici, Suzanne [D-OR-1]

Rep. Miller, Carol D. [R-WV-1]

Rep. Stanton, Greg [D-AZ-4]

Rep. Kustoff, David [R-TN-8]

Rep. Davids, Sharice [D-KS-3]

Rep. Fitzpatrick, Brian K. [R-PA-1]

Rep. Veasey, Marc A. [D-TX-33]

Rep. Moore, Blake D. [R-UT-1]

Rep. Neguse, Joe [D-CO-2]

Rep. Van Duyne, Beth [R-TX-24]

Rep. Slotkin, Elissa [D-MI-7]

Rep. Feenstra, Randy [R-IA-4]

Rep. Wexton, Jennifer [D-VA-10]

Rep. Carey, Mike [R-OH-15]

Rep. Cuellar, Henry [D-TX-28]

Rep. Barr, Andy [R-KY-6]

Rep. Gottheimer, Josh [D-NJ-5]

Rep. Bacon, Don [R-NE-2]

Rep. Brownley, Julia [D-CA-26]

Rep. Huizenga, Bill [R-MI-4]

Rep. Morelle, Joseph D. [D-NY-25]

Rep. Johnson, Bill [R-OH-6]

Rep. Courtney, Joe [D-CT-2]

Rep. Carter, Earl L. "Buddy" [R-GA-1]

Rep. Connolly, Gerald E. [D-VA-11]

Rep. Lesko, Debbie [R-AZ-8]

Rep. Trone, David J. [D-MD-6]

Rep. Reschenthaler, Guy [R-PA-14]

Rep. Ross, Deborah K. [D-NC-2]

Rep. Harshbarger, Diana [R-TN-1]

Rep. Moulton, Seth [D-MA-6]

Rep. Calvert, Ken [R-CA-41]

Rep. Khanna, Ro [D-CA-17]

Rep. Crawford, Eric A. "Rick" [R-AR-1]

Rep. Scholten, Hillary J. [D-MI-3]

Rep. Davidson, Warren [R-OH-8]

Rep. Titus, Dina [D-NV-1]

Rep. Mann, Tracey [R-KS-1]

Rep. Stevens, Haley M. [D-MI-11]

Rep. Moolenaar, John R. [R-MI-2]

Rep. Kaptur, Marcy [D-OH-9]

Rep. Joyce, John [R-PA-13]

Rep. Sherrill, Mikie [D-NJ-11]

Rep. Bost, Mike [R-IL-12]

Rep. Blunt Rochester, Lisa [D-DE-At Large]

Rep. Tenney, Claudia [R-NY-24]

Rep. Kilmer, Derek [D-WA-6]

Rep. Steel, Michelle [R-CA-45]

Rep. Pappas, Chris [D-NH-1]

Rep. Fischbach, Michelle [R-MN-7]

Rep. Ruppersberger, C. A. Dutch [D-MD-2]

Rep. Meuser, Daniel [R-PA-9]

Rep. Houlahan, Chrissy [D-PA-6]

Rep. Crenshaw, Dan [R-TX-2]

Rep. Norcross, Donald [D-NJ-1]

Rep. McCaul, Michael T. [R-TX-10]

Rep. Sánchez, Linda T. [D-CA-38]

Rep. Grothman, Glenn [R-WI-6]

Rep. Lee, Susie [D-NV-3]

Rep. Gonzales, Tony [R-TX-23]

Rep. Kuster, Ann M. [D-NH-2]

Rep. LaTurner, Jake [R-KS-2]

Rep. Craig, Angie [D-MN-2]

Rep. Emmer, Tom [R-MN-6]

Rep. Sorensen, Eric [D-IL-17]

Rep. Sessions, Pete [R-TX-17]

Rep. Pettersen, Brittany [D-CO-7]

Rep. Malliotakis, Nicole [R-NY-11]

Rep. Schrier, Kim [D-WA-8]

Rep. Posey, Bill [R-FL-8]

Rep. Phillips, Dean [D-MN-3]

Rep. Balderson, Troy [R-OH-12]

Rep. Mullin, Kevin [D-CA-15]

Rep. Bice, Stephanie I. [R-OK-5]

Rep. Swalwell, Eric [D-CA-14]

Rep. Carl, Jerry L. [R-AL-1]

Rep. Salinas, Andrea [D-OR-6]

Rep. Houchin, Erin [R-IN-9]

Rep. Stansbury, Melanie Ann [D-NM-1]

Rep. Pfluger, August [R-TX-11]

Rep. Jackson, Jeff [D-NC-14]

Rep. Nunn, Zachary [R-IA-3]

Rep. Landsman, Greg [D-OH-1]

Rep. Hunt, Wesley [R-TX-38]

Rep. McGovern, James P. [D-MA-2]

Rep. Johnson, Dusty [R-SD-At Large]

Rep. Beatty, Joyce [D-OH-3]

Rep. Murphy, Gregory [R-NC-3]

Rep. Boyle, Brendan F. [D-PA-2]

Rep. Bucshon, Larry [R-IN-8]

Rep. Magaziner, Seth [D-RI-2]

Rep. Jackson, Ronny [R-TX-13]

Rep. Lynch, Stephen F. [D-MA-8]

Rep. Steube, W. Gregory [R-FL-17]

Rep. Carbajal, Salud O. [D-CA-24]

Rep. Chavez-DeRemer, Lori [R-OR-5]

Rep. Thanedar, Shri [D-MI-13]

Rep. Flood, Mike [R-NE-1]

Rep. Larsen, Rick [D-WA-2]

Rep. Wittman, Robert J. [R-VA-1]

Rep. Lieu, Ted [D-CA-36]

Rep. Yakym, Rudy [R-IN-2]

Rep. Wild, Susan [D-PA-7]

Rep. Finstad, Brad [R-MN-1]

Rep. Bishop, Sanford D., Jr. [D-GA-2]

Rep. Simpson, Michael K. [R-ID-2]

Rep. Peltola, Mary Sattler [D-AK-At Large]

Rep. Fulcher, Russ [R-ID-1]

Rep. Krishnamoorthi, Raja [D-IL-8]

Rep. Kiggans, Jennifer A [R-VA-2]

Rep. Mrvan, Frank J. [D-IN-1]

Rep. Mace, Nancy [R-SC-1]

Rep. Crow, Jason [D-CO-6]

Rep. Smith, Christopher H. [R-NJ-4]

Rep. Vasquez, Gabe [D-NM-2]

Rep. Steil, Bryan [R-WI-1]

Rep. Allred, Colin Z. [D-TX-32]

Rep. McClain, Lisa C. [R-MI-9]

Rep. Lofgren, Zoe [D-CA-18]

Rep. Mooney, Alexander X. [R-WV-2]

Rep. Carson, Andre [D-IN-7]

Rep. Strong, Dale W. [R-AL-5]

Rep. McClellan, Jennifer L. [D-VA-4]

Rep. Kiley, Kevin [R-CA-3]

Rep. Leger Fernandez, Teresa [D-NM-3]

Rep. Kean, Thomas H. [R-NJ-7]

Rep. Deluzio, Christopher R. [D-PA-17]

Rep. LaLota, Nick [R-NY-1]

Rep. Ryan, Patrick [D-NY-18]

Rep. Duarte, John S. [R-CA-13]

Rep. Strickland, Marilyn [D-WA-10]

Rep. Williams, Brandon [R-NY-22]

Rep. Quigley, Mike [D-IL-5]

Rep. Issa, Darrell E. [R-CA-48]

Rep. Davis, Donald G. [D-NC-1]

Rep. Loudermilk, Barry [R-GA-11]

Rep. Budzinski, Nikki [D-IL-13]

Rep. Biggs, Andy [R-AZ-5]

Rep. Manning, Kathy E. [D-NC-6]

Rep. Duncan, Jeff [R-SC-3]

Rep. Keating, William R. [D-MA-9]

Rep. Pence, Greg [R-IN-6]

Rep. Harder, Josh [D-CA-9]

Rep. Ciscomani, Juan [R-AZ-6]

Rep. Caraveo, Yadira [D-CO-8]

Rep. James, John [R-MI-10]

Rep. Sherman, Brad [D-CA-32]

Rep. Rutherford, John H. [R-FL-5]

Rep. Trahan, Lori [D-MA-3]

Rep. Van Orden, Derrick [R-WI-3]

Rep. Lee, Summer L. [D-PA-12]

Rep. Valadao, David G. [R-CA-22]

Rep. Gallego, Ruben [D-AZ-3]

Rep. Stauber, Pete [R-MN-8]

Rep. Higgins, Brian [D-NY-26]

Rep. Owens, Burgess [R-UT-4]

Rep. McCollum, Betty [D-MN-4]

Rep. Banks, Jim [R-IN-3]

Rep. Dean, Madeleine [D-PA-4]

Rep. Langworthy, Nicholas A. [R-NY-23]

Del. Plaskett, Stacey E. [D-VI-At Large]

Rep. Dunn, Neal P. [R-FL-2]

Rep. Sarbanes, John P. [D-MD-3]

Rep. Turner, Michael R. [R-OH-10]

Rep. Sykes, Emilia Strong [D-OH-13]

Rep. Hill, J. French [R-AR-2]

Rep. Pocan, Mark [D-WI-2]

Rep. LaMalfa, Doug [R-CA-1]

Rep. Pingree, Chellie [D-ME-1]

Rep. Thompson, Glenn [R-PA-15]

Rep. Kim, Andy [D-NJ-3]

Rep. Garbarino, Andrew R. [R-NY-2]

Rep. Jacobs, Sara [D-CA-51]

Rep. Luetkemeyer, Blaine [R-MO-3]

Rep. Foushee, Valerie P. [D-NC-4]

Rep. Edwards, Chuck [R-NC-11]

Rep. Nickel, Wiley [D-NC-13]

Rep. Obernolte, Jay [R-CA-23]

Rep. Auchincloss, Jake [D-MA-4]

Rep. Mills, Cory [R-FL-7]

Rep. Self, Keith [R-TX-3]

Rep. McCormick, Richard [R-GA-6]

Rep. De La Cruz, Monica [R-TX-15]

Rep. Lamborn, Doug [R-CO-5]

Rep. Van Drew, Jefferson [R-NJ-2]

Rep. Fry, Russell [R-SC-7]

Rep. Baird, James R. [R-IN-4]

Rep. Cammack, Kat [R-FL-3]

Rep. Miller-Meeks, Mariannette [R-IA-1]

Rep. Bean, Aaron [R-FL-4]

Rep. Buck, Ken [R-CO-4]

Rep. Good, Bob [R-VA-5]

Rep. Burchett, Tim [R-TN-2]

Rep. Hinson, Ashley [R-IA-2]

Rep. Amo, Gabe [D-RI-1]

Rep. Ogles, Andrew [R-TN-5]

Rep. Garamendi, John [D-CA-8]

Rep. Rouzer, David [R-NC-7]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions