Freight RAILCAR Act of 2025

Hozzl · 2025-03-12T02:23:34Z

Explore the details of House Bill 1200 Freight RAILCAR Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/12/2025, 2:23 AM

Summary of Bill HR 1200

Bill 119 hr 1200, also known as the Freight Rail Assistance and Investment to Keep Employees Safe (FRAKES) Act, aims to amend the Internal Revenue Code of 1986 in order to provide a tax credit to incentivize the replacement or modernization of inefficient and outdated freight railcars. The bill is designed to encourage the freight rail industry to invest in newer, more efficient railcars, which will not only improve the overall safety and efficiency of the industry but also reduce emissions and environmental impact.

The tax credit provided by the FRAKES Act will help offset the costs associated with upgrading or replacing outdated railcars, making it more financially feasible for companies to make these necessary improvements. By modernizing their fleets, freight rail companies will be able to operate more efficiently, reduce maintenance costs, and improve overall safety standards.

In addition to the tax credit for railcar replacement or modernization, the bill also includes provisions for other purposes related to the freight rail industry. These additional measures are aimed at promoting innovation, sustainability, and safety within the industry. Overall, the FRAKES Act seeks to support the modernization and improvement of the freight rail industry through targeted tax incentives, ultimately benefiting both the industry and the environment.

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Current Status of Bill HR 1200

Bill HR 1200 is currently in the status of Bill Introduced since February 11, 2025. Bill HR 1200 was introduced during Congress 119 and was introduced to the House on February 11, 2025. Bill HR 1200's most recent activity was Referred to the House Committee on Ways and Means. as of February 11, 2025

Bipartisan Support of Bill HR 1200

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

218

Democrat Cosponsors

Republican Cosponsors

158

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1200

Primary Policy Focus

Alternate Title(s) of Bill HR 1200

To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes.