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    <updateDate>2023-01-11T13:15:47Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:15:47Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2008-02-12</introducedDate>
    <congress>110</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2008-02-12T17:31:45Z</date>
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    <relatedBills>
      <item>
        <title>Recycling Investment Saves Energy</title>
        <congress>110</congress>
        <number>1587</number>
        <type>S</type>
        <latestAction>
          <actionDate>2007-06-11</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
        </latestAction>
        <relationshipDetails>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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    <actions>
      <item>
        <actionDate>2008-02-12</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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        <actionDate>2008-02-12</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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      <item>
        <actionDate>2008-02-12</actionDate>
        <text>Introduced in House</text>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>B001253</bioguideId>
        <fullName>Rep. Bean, Melissa L. [D-IL-8]</fullName>
        <firstName>Melissa</firstName>
        <lastName>Bean</lastName>
        <party>D</party>
        <state>IL</state>
        <middleName>L.</middleName>
        <district>8</district>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>S001165</bioguideId>
        <fullName>Rep. Sires, Albio [D-NJ-13]</fullName>
        <firstName>Albio</firstName>
        <lastName>Sires</lastName>
        <party>D</party>
        <state>NJ</state>
        <district>13</district>
        <sponsorshipDate>2008-02-12</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Depreciation and amortization</name>
        </item>
        <item>
          <name>Environmental Protection</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Recycling industry</name>
        </item>
        <item>
          <name>Recycling of waste products</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
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      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-02-12</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-02-16T17:09:25Z</updateDate>
        <text><![CDATA[ <p>Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to allow a first-year tax deduction of 50% of the adjusted basis of qualified reuse and recycling property. Defines &quot;qualified reuse and recycling property&quot; as property placed in service after December 31, 2006, which has a useful life of at least five years and which is used exclusively to collect, distribute, or recycle certain scrap materials.</p>]]></text>
      </summary>
    </summaries>
    <title>RISE Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>RISE Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code to allow a special depreciation allowance for reuse and recycling property.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>RISE Act</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Recycling Investment Saves Energy</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2008-02-12T05:00:00Z</date>
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    <latestAction>
      <actionDate>2008-02-12</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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