BRACE Act
1/11/2023, 1:32 PMCongressional Summary of HR 4626
Building Rail Access for Customers and the Economy Act or the BRACE Act
This bill amends the Internal Revenue Code to make permanent the tax credit for railroad track maintenance.
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Current Status of Bill HR 4626
Bill HR 4626 is currently in the status of Bill Introduced since February 25, 2016. Bill HR 4626 was introduced during Congress 114 and was introduced to the House on February 25, 2016. Bill HR 4626's most recent activity was Referred to the House Committee on Ways and Means. as of February 25, 2016Bipartisan Support of Bill HR 4626
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
226Democrat Cosponsors
94Republican Cosponsors
132Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4626
Primary Policy Focus
TaxationPotential Impact Areas
Business investment and capitalIncome tax creditsRailroadsAlternate Title(s) of Bill HR 4626
BRACE ActTo amend the Internal Revenue Code of 1986 to permanently extend the railroad track maintenance credit.BRACE ActBuilding Rail Access for Customers and the Economy ActComments
Most relevant
Sponsors and Cosponsors of HR 4626
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