S. 2758 (IS) - Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act of 2025 - BILLS-119s2758is | Content Details | GovInfo

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S. 2758 (IS) - Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act of 2025

Category: Bills and Statutes

Collection: Congressional Bills

SuDoc Class Number: Y 1.6:
Y 1.4/1:

Congress Number: 119th Congress

Congress Session: 1st Session

Last Action Date Listed: September 10, 2025

Action: Mr. Banks (for himself and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Finance

Bill Number: S. 2758

Bill Version: Introduced in Senate (IS)

Short Title: Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act of 2025

Full Title: 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the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes.

Sponsors: Jim Banks(IN)

Cosponsors: Christopher A. Coons (DE)

Committees: Committee on Finance (Standing)

United States Code References: 26 U.S.C. Chapter 1
49 U.S.C. 5323(u)