HR 838 · 118th Congress 2023–2025, ended

Freight RAILCAR Act of 2023

Introduced Feb 6, 2023 Originated House Sponsor Darin LaHood R-IL

Fact sheet Spreadsheet

Latest action · Feb 6, 2023 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 6, 2023
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2023 or the Freight RAILCAR Act of 2023

This bill provides a new tax credit through 2025 for 10% of freight railcar fleet modernization expenses (i.e., railcar replacement and modernization expenses for meeting fuel efficiency and performance standards). The bill provides that no more than 2,000 freight railcars per taxpayer may be taken into account for purposes of determining the credit in a taxable year.

The Department of the Treasury must report to Congress on the credit to provide information on the number of times the credit was claimed and the number of railcars scrapped or built as a result of the credit.

Cosponsors 68

Members who signed on, in the order they did. Signatures ran from Feb 6, 2023 to Oct 25, 2024; 29 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-GAA. Drew Ferguson IVOriginalFeb 6, 2023
R-TXBeth Van DuyneOriginalFeb 6, 2023
D-ILBradley Scott SchneiderOriginalFeb 6, 2023
D-MIDaniel T. KildeeOriginalFeb 6, 2023
D-NVDina TitusOriginalFeb 6, 2023
R-NEDon BaconOriginalFeb 6, 2023
D-OREarl BlumenauerOriginalFeb 6, 2023
R-AREric A. "Rick" CrawfordOriginalFeb 6, 2023
R-NCGregory F. MurphyOriginalFeb 6, 2023
D-TXHenry CuellarOriginalFeb 6, 2023
R-TXJake EllzeyOriginalFeb 6, 2023
R-ALJerry L. CarlOriginalFeb 6, 2023
R-INJim BanksOriginalFeb 6, 2023
D-CAJimmy PanettaOriginalFeb 6, 2023
R-TXKay GrangerOriginalFeb 6, 2023
R-OKKevin HernOriginalFeb 6, 2023
D-CALinda T. SánchezOriginalFeb 6, 2023
R-TXMichael T. McCaulOriginalFeb 6, 2023
R-ALMike RogersOriginalFeb 6, 2023
R-TXNathaniel MoranOriginalFeb 6, 2023
R-NCRichard HudsonOriginalFeb 6, 2023
R-TXRoger WilliamsOriginalFeb 6, 2023
R-MOSam GravesOriginalFeb 6, 2023
D-GASanford D. Bishop, Jr.OriginalFeb 6, 2023
D-KSSharice DavidsOriginalFeb 6, 2023
D-ORSuzanne BonamiciOriginalFeb 6, 2023
D-ALTerri A. SewellOriginalFeb 6, 2023
R-TXTony GonzalesOriginalFeb 6, 2023
R-TXWesley HuntOriginalFeb 6, 2023
D-ORAndrea SalinasFeb 9, 2023
R-TXRandy K. Weber, Sr.Feb 9, 2023
R-OKStephanie I. BiceFeb 9, 2023
R-KSTracey MannFeb 17, 2023
R-CADavid G. ValadaoFeb 24, 2023
R-ORLori Chavez-DeRemerFeb 27, 2023
R-ILMike BostMar 9, 2023
R-TXTroy E. NehlsMar 9, 2023
D-WAMarie Gluesenkamp PerezMar 10, 2023
R-FLW. Gregory SteubeMar 27, 2023
D-MDDavid J. TroneApr 13, 2023
R-ARBruce WestermanApr 18, 2023
R-TXMorgan LuttrellApr 20, 2023
R-IARandy FeenstraApr 20, 2023
R-PAGuy ReschenthalerApr 28, 2023
R-TXRonny JacksonApr 28, 2023
R-TXLance GoodenMay 9, 2023
D-WADerek KilmerMay 15, 2023
R-TXAugust PflugerMay 18, 2023
R-CAMike GarciaMay 18, 2023
R-TXBrian BabinMay 25, 2023
D-NJJosh GottheimerJul 10, 2023
R-OHMike CareyJul 28, 2023
R-NYBrandon WilliamsOct 19, 2023
R-FLAaron BeanOct 30, 2023
R-WIDerrick Van OrdenNov 2, 2023
D-MNAngie CraigNov 13, 2023
R-CAJohn S. DuarteFeb 23, 2024
D-WARick LarsenMar 12, 2024
D-ORVal T. HoyleApr 23, 2024
R-FLMario Diaz-BalartMay 22, 2024
R-AZJuan CiscomaniMay 24, 2024
R-NYMarcus J. MolinaroJul 15, 2024
D-WAMarilyn StricklandJul 26, 2024
D-LATroy A. CarterAug 6, 2024
R-WADan NewhouseAug 16, 2024
R-WVCarol D. MillerSep 23, 2024
D-PABrendan F. BoyleOct 18, 2024
R-NCDavid RouzerOct 25, 2024

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Feb 6, 2023

Actions 2

Everything that happened, newest first.

  1. Feb 6, 2023Introduced in House
  2. Feb 6, 2023Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: United States Constitution Article 1, Section 8, Clause 1: ``The Congress shall have Power To lay and collect Taxes . . .'' The single subject of this legislation is: To provide a time-limited tax credit to encourage the replacement or modernization of ineffecient, outdated freight railcars.

The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 24, February 6, 2023, page H710.

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced
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.
Short Title(s) as Introduced
Freight RAILCAR Act of 2023
Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act of 2023

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Feb 6, 2023Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.