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USA CAR Act
5/28/2025, 3:43 PM
Summary of Bill S 1653
This bill, titled "A bill to amend the Internal Revenue Code of 1986 to allow a deduction for qualified automobile interest," was introduced in the 119th Congress on May 7, 2025. The bill aims to amend the Internal Revenue Code to enable a deduction for qualified automobile interest.
Read the Full Bill
Current Status of Bill S 1653
Bill S 1653 is currently in the status of Bill Introduced since May 7, 2025. Bill S 1653 was introduced during Congress 119 and was introduced to the Senate on May 7, 2025. Bill S 1653's most recent activity was Read twice and referred to the Committee on Finance. as of May 7, 2025
Bipartisan Support of Bill S 1653
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1653
Primary Policy Focus
Alternate Title(s) of Bill S 1653
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for qualified automobile interest.
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for qualified automobile interest.
Comments
Sponsors and Cosponsors of S 1653
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