3.0.0 7902 2022-12-30T00:18:39Z 2022-12-30T00:18:39Z House HR 2022-05-27 117 [Congressional Record Volume 168, Number 93 (Friday, May 27, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHNEIDER:H.R. 7902.Congress has the power to enact this legislation pursuantto the following:Article I[Page H5221]]]> hswm00 Ways and Means Committee House Standing Referred to 2022-05-27T13:01:15Z Freight RAILCAR Act of 2021 117 2289 HR 2021-03-29 Referred to the House Committee on Ways and Means. Related bill CRS 2022-05-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2022-05-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-05-27 Introduced in House IntroReferral 1000 9 Library of Congress S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 N L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2022-05-27 True B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2022-05-27 True B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2022-05-27 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2022-05-27 True B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2022-05-27 True B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 2022-05-27 True C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2022-05-27 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2022-05-27 True D000482 Rep. Doyle, Michael F. [D-PA-18] MIKE DOYLE D PA 18 2022-05-27 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2022-05-27 True G000594 Rep. Gonzales, Tony [R-TX-23] Tony Gonzales R TX 23 2022-05-27 True G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2022-05-27 True H001056 Rep. Herrera Beutler, Jaime [R-WA-3] Jaime Herrera Beutler R WA 3 2022-05-27 True H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2022-05-27 True H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2022-05-27 True K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2022-05-27 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2022-05-27 True M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2022-05-27 True M001186 Rep. Meijer, Peter [R-MI-3] Peter Meijer R MI 3 2022-05-27 True N000026 Rep. Nehls, Troy E. [R-TX-22] Troy Nehls R TX E. 22 2022-05-27 True P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2022-05-27 True P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2022-05-27 True R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2022-05-27 True S001156 Rep. Sánchez, Linda T. [D-CA-38] Linda Sánchez D CA T. 38 2022-05-27 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2022-05-27 True W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2022-05-27 True W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2022-05-27 True W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2022-05-27 True E000071 Rep. Ellzey, Jake [R-TX-6] Jake Ellzey R TX 6 2022-06-03 False V000134 Rep. Van Duyne, Beth [R-TX-24] Beth Van Duyne R TX 24 2022-06-03 False B001291 Rep. Babin, Brian [R-TX-36] Brian Babin R TX 36 2022-06-09 False G000061 Rep. Garcia, Mike [R-CA-25] Mike Garcia R CA 25 2022-06-09 False B000740 Rep. Bice, Stephanie I. [R-OK-5] Stephanie Bice R OK I. 5 2022-06-09 False C001054 Rep. Carl, Jerry L. [R-AL-1] Jerry Carl R AL L. 1 2022-06-14 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2022-06-22 False C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2022-06-22 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2022-07-12 False F000465 Rep. Ferguson, A. Drew, IV [R-GA-3] A. Ferguson R GA Drew 3 2022-07-12 False B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 2022-07-19 False H001082 Rep. Hern, Kevin [R-OK-1] Kevin Hern R OK 1 2022-07-19 False T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2022-08-02 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2022-09-02 False D000629 Rep. Davids, Sharice [D-KS-3] Sharice Davids D KS 3 2022-09-20 False M001210 Rep. Murphy, Gregory [R-NC-3] Gregory Murphy R NC 3 2022-11-29 False B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2022-11-29 False S001180 Rep. Schrader, Kurt [D-OR-5] Kurt Schrader D OR 5 2022-12-21 False Taxation Business expenses Congressional oversight Energy efficiency and conservation Income tax credits Manufacturing Railroads Transportation safety and security Taxation 00 2022-05-27 Introduced in House 2022-06-07T16:07:30Z Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2022 or the Freight RAILCAR Act of 2022

This bill provides a new tax credit through 2024 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.

]]> Freight RAILCAR Act of 2022 Display Title Freight RAILCAR Act of 2022 Short Title(s) as Introduced Freight RAILCAR Act of 2022 Introduced in House IH Short Title(s) as Introduced Freight Rail Assistance and Investment to Launch Coronavirus-Era Activity and Recovery Act of 2022 Introduced in House IH 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. Introduced in House IH Introduced in House 2022-05-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr7902ih/xml/BILLS-117hr7902ih.xml 2022-05-27 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.