S 443 · 118th Congress 2023–2025, ended

Supply Chain Disruptions Relief Act

Introduced Feb 15, 2023 Originated Senate Sponsor Sherrod Brown D-OH

Fact sheet Spreadsheet

Latest action · Feb 15, 2023 Read twice and referred to the Committee on Finance.

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 15, 2023
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Supply Chain Disruptions Relief Act

This bill modifies the treatment of liquidations of new motor vehicle inventory as qualified LIFO (last in first out accounting method) inventory. It allows new motor vehicle dealers to elect to wait until the end of 2025 to replace their inventory for purposes of determining income attributable to the sale of such inventory during 2020 and 2021.

Cosponsors 63

Members who signed on, in the order they did. Signatures ran from Feb 15, 2023 to Sep 5, 2023; 49 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-CAAlex PadillaOriginalFeb 15, 2023
D-MNAmy KlobucharOriginalFeb 15, 2023
I-MEAngus S. King Jr.OriginalFeb 15, 2023
D-MDBenjamin L. CardinOriginalFeb 15, 2023
R-LABill CassidyOriginalFeb 15, 2023
R-TNBill HagertyOriginalFeb 15, 2023
D-NVCatherine Cortez MastoOriginalFeb 15, 2023
D-MDChris Van HollenOriginalFeb 15, 2023
D-DEChristopher A. CoonsOriginalFeb 15, 2023
R-IAChuck GrassleyOriginalFeb 15, 2023
R-MSCindy Hyde-SmithOriginalFeb 15, 2023
R-WYCynthia M. LummisOriginalFeb 15, 2023
D-MIDebbie StabenowOriginalFeb 15, 2023
D-CADianne FeinsteinOriginalFeb 15, 2023
D-MIGary C. PetersOriginalFeb 15, 2023
R-IDJames E. RischOriginalFeb 15, 2023
R-OKJames LankfordOriginalFeb 15, 2023
D-NHJeanne ShaheenOriginalFeb 15, 2023
R-KSJerry MoranOriginalFeb 15, 2023
D-WVJoe Manchin IIIOriginalFeb 15, 2023
R-WYJohn BarrassoOriginalFeb 15, 2023
R-ARJohn BoozmanOriginalFeb 15, 2023
R-TXJohn CornynOriginalFeb 15, 2023
R-NDJohn HoevenOriginalFeb 15, 2023
R-SDJohn ThuneOriginalFeb 15, 2023
D-MTJon TesterOriginalFeb 15, 2023
R-NDKevin CramerOriginalFeb 15, 2023
R-FLMarco RubioOriginalFeb 15, 2023
D-NHMargaret Wood HassanOriginalFeb 15, 2023
D-AZMark KellyOriginalFeb 15, 2023
R-TNMarsha BlackburnOriginalFeb 15, 2023
R-INMike BraunOriginalFeb 15, 2023
R-IDMike CrapoOriginalFeb 15, 2023
R-SDMike RoundsOriginalFeb 15, 2023
D-WAPatty MurrayOriginalFeb 15, 2023
D-GARaphael G. WarnockOriginalFeb 15, 2023
D-CTRichard BlumenthalOriginalFeb 15, 2023
R-FLRick ScottOriginalFeb 15, 2023
R-MSRoger F. WickerOriginalFeb 15, 2023
R-KSRoger MarshallOriginalFeb 15, 2023
R-WIRon JohnsonOriginalFeb 15, 2023
R-WVShelley Moore CapitoOriginalFeb 15, 2023
R-MTSteve DainesOriginalFeb 15, 2023
D-WITammy BaldwinOriginalFeb 15, 2023
D-ILTammy DuckworthOriginalFeb 15, 2023
R-NCThom TillisOriginalFeb 15, 2023
D-DEThomas R. CarperOriginalFeb 15, 2023
R-SCTim ScottOriginalFeb 15, 2023
D-MNTina SmithOriginalFeb 15, 2023
R-ALKatie Boyd BrittMar 7, 2023
R-NEDeb FischerMar 21, 2023
R-OHJ. D. VanceMar 21, 2023
D-PARobert P. Casey Jr.Mar 28, 2023
D-NVJacky RosenApr 18, 2023
D-NYCharles E. SchumerApr 19, 2023
D-NJRobert MenendezApr 19, 2023
R-NCTed BuddApr 19, 2023
R-OKMarkwayne MullinMay 1, 2023
D-VATim KaineMay 1, 2023
R-UTMike LeeJun 22, 2023
R-INTodd YoungJun 22, 2023
R-TXTed CruzJul 27, 2023
R-IAJoni ErnstSep 5, 2023

Committees 1

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

ChamberCommitteeWhat it did
SenateFinance Committee
Referred Feb 15, 2023

Actions 2

Everything that happened, newest first.

  1. Feb 15, 2023Introduced in Senate
  2. Feb 15, 2023Read twice and referred to the Committee on Finance.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 700Supply Chain Disruptions Relief ActIdentical billFeb 1, 2023
S 4105Supply Chain Disruptions Relief ActReintroduction ofDec 23, 2022

Titles 2

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

Official Title as Introduced
A bill to treat certain liquidations of new motor vehicle inventory as qualified liquidations of LIFO inventory for purposes of the Internal Revenue Code of 1986.
Short Title(s) as Introduced
Supply Chain Disruptions Relief Act

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Feb 15, 2023Introduced in Senate

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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.