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H.R. 2571 · 118th Congress · Taxation

RAM Act of 2023

Died in committee730 words Introduced Apr 10, 2023 · Latest action Dec 17, 2024

FollowRead the text
How far it has goneStopped at 2 of 6 · Died in committee
  1. IntroducedApr 10, 2023 Done
  2. CommitteeDied Jan 3, 2025 Stopped here
  3. House floorNot yet Not reached yet
  4. Senate floorNot yet Not reached yet
  5. Chambers agreeNot yet Not reached yet
  6. PresidentNot yet Not reached yet

What it does

This bill allows business taxpayers a tax credit, up to $25 million in a taxable year, for the cost of eligible reshoring expenses. The bill defines eligible reshoring expenses as amounts paid for the transportation (including any import duties, fees, or tariffs imposed with respect to such transportation) of manufacturing equipment from China to the United States. The credit expires after 2026.

Congressional Research Service · summary of “Introduced in House” version · Apr 10, 2023

Who lobbies on it

No lobbying filing on file names H.R. 2571.

Organizations that named H.R. 2571 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.

Actions

3 actions · newest first
  1. Dec 17, 2024Referred to the Subcommittee on Trade.
  2. Apr 10, 2023Referred to the House Committee on Ways and Means.
  3. Apr 10, 2023Introduced in House