CHEERS Act of 2026

Hozzl · 2026-06-17T20:54:39Z

Explore the details of Senate Bill 4688 CHEERS Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

6/17/2026, 8:54 PM

Summary of Bill S 4688

This bill, designated as S. 4688 in the 119th Congress and introduced on June 4, 2026, aims to amend the Internal Revenue Code of 1986 to categorize qualified energy-efficient draft alcohol property as 15-year property for depreciation purposes.

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Current Status of Bill S 4688

Bill S 4688 is currently in the status of Bill Introduced since June 4, 2026. Bill S 4688 was introduced during Congress 119 and was introduced to the Senate on June 4, 2026. Bill S 4688's most recent activity was Read twice and referred to the Committee on Finance. as of June 4, 2026

Bipartisan Support of Bill S 4688

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4688

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4688

A bill to amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation.