American Innovation and R&D Competitiveness Act of 2025
3/26/2025, 2:08 AMSummary of Bill HR 1990
Bill 119 HR 1990, also known as the Research and Experimental Expenditures Deduction Restoration Act, aims to amend the Internal Revenue Code of 1986 to reinstate the deduction for research and experimental expenditures. This deduction was previously available to businesses to encourage innovation and investment in research and development.The bill seeks to provide tax relief to businesses that engage in research and development activities by allowing them to deduct a portion of their expenses related to these activities. By reinstating this deduction, the government hopes to incentivize businesses to invest in research and development, which can lead to technological advancements, job creation, and economic growth.
Supporters of the bill argue that reinstating the deduction for research and experimental expenditures will help businesses stay competitive in a rapidly changing global economy. They believe that encouraging innovation through tax incentives will ultimately benefit the economy as a whole. Opponents of the bill may argue that reinstating this deduction could lead to a decrease in tax revenue for the government, potentially widening the budget deficit. They may also question whether businesses truly need this tax incentive to invest in research and development, or if they would do so regardless. Overall, Bill 119 HR 1990 aims to support businesses in their research and development efforts by providing them with a tax deduction for related expenses. The impact of this bill on the economy and government revenue remains to be seen.
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Current Status of Bill HR 1990
Bill HR 1990 is currently in the status of Bill Introduced since March 10, 2025. Bill HR 1990 was introduced during Congress 119 and was introduced to the House on March 10, 2025. Bill HR 1990's most recent activity was Referred to the House Committee on Ways and Means. as of March 10, 2025Bipartisan Support of Bill HR 1990
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
138Democrat Cosponsors
70Republican Cosponsors
68Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1990
Primary Policy Focus
Alternate Title(s) of Bill HR 1990
To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures.To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures.Comments
Most relevant
Sponsors and Cosponsors of HR 1990
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