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    <number>2788</number>
    <updateDate>2025-12-05T08:44:20Z</updateDate>
    <updateDateIncludingText>2025-12-05T08:44:20Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-04-20</introducedDate>
    <congress>118</congress>
    <legislationUrl>https://www.congress.gov/bill/118th-congress/house-bill/2788</legislationUrl>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 66 (Thursday, April 20, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. SMITH of Nebraska:H.R. 2788.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1 of the United StatesConstitutionThe single subject of this legislation is:Tax[Page H1912]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <chamber>House</chamber>
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            <name>Referred To</name>
            <date>2023-04-20T13:02:45Z</date>
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        <title>AIM Act</title>
        <congress>118</congress>
        <number>1232</number>
        <type>S</type>
        <latestAction>
          <actionDate>2023-04-20</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2023-04-20</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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    <sponsors>
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        <bioguideId>S001172</bioguideId>
        <fullName>Rep. Smith, Adrian [R-NE-3]</fullName>
        <firstName>Adrian</firstName>
        <lastName>Smith</lastName>
        <party>R</party>
        <state>NE</state>
        <district>3</district>
        <isByRequest>N</isByRequest>
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        <bioguideId>M001206</bioguideId>
        <fullName>Rep. Morelle, Joseph D. [D-NY-25]</fullName>
        <firstName>Joseph</firstName>
        <lastName>Morelle</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>D.</middleName>
        <district>25</district>
        <sponsorshipDate>2023-04-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001082</bioguideId>
        <fullName>Rep. Hern, Kevin [R-OK-1]</fullName>
        <firstName>Kevin</firstName>
        <lastName>Hern</lastName>
        <party>R</party>
        <state>OK</state>
        <district>1</district>
        <sponsorshipDate>2023-04-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001190</bioguideId>
        <fullName>Rep. Schneider, Bradley Scott [D-IL-10]</fullName>
        <firstName>Bradley</firstName>
        <lastName>Schneider</lastName>
        <party>D</party>
        <state>IL</state>
        <middleName>Scott</middleName>
        <district>10</district>
        <sponsorshipDate>2023-04-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>L000585</bioguideId>
        <fullName>Rep. LaHood, Darin [R-IL-16]</fullName>
        <firstName>Darin</firstName>
        <lastName>LaHood</lastName>
        <party>R</party>
        <state>IL</state>
        <district>16</district>
        <sponsorshipDate>2023-06-05</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>P000613</bioguideId>
        <fullName>Rep. Panetta, Jimmy [D-CA-19]</fullName>
        <firstName>Jimmy</firstName>
        <lastName>Panetta</lastName>
        <party>D</party>
        <state>CA</state>
        <district>19</district>
        <sponsorshipDate>2023-06-05</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000576</bioguideId>
        <fullName>Rep. Ruppersberger, C. A. Dutch [D-MD-2]</fullName>
        <firstName>C. A.</firstName>
        <lastName>Ruppersberger</lastName>
        <party>D</party>
        <state>MD</state>
        <middleName>Dutch</middleName>
        <district>2</district>
        <sponsorshipDate>2023-06-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000815</bioguideId>
        <fullName>Rep. Wenstrup, Brad R. [R-OH-2]</fullName>
        <firstName>Brad</firstName>
        <lastName>Wenstrup</lastName>
        <party>R</party>
        <state>OH</state>
        <middleName>R.</middleName>
        <district>2</district>
        <sponsorshipDate>2023-06-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001159</bioguideId>
        <fullName>Rep. Strickland, Marilyn [D-WA-10]</fullName>
        <firstName>Marilyn</firstName>
        <lastName>Strickland</lastName>
        <party>D</party>
        <state>WA</state>
        <district>10</district>
        <sponsorshipDate>2023-07-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001199</bioguideId>
        <fullName>Rep. Smucker, Lloyd [R-PA-11]</fullName>
        <firstName>Lloyd</firstName>
        <lastName>Smucker</lastName>
        <party>R</party>
        <state>PA</state>
        <district>11</district>
        <sponsorshipDate>2023-07-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>Q000023</bioguideId>
        <fullName>Rep. Quigley, Mike [D-IL-5]</fullName>
        <firstName>Mike</firstName>
        <lastName>Quigley</lastName>
        <party>D</party>
        <state>IL</state>
        <district>5</district>
        <sponsorshipDate>2023-11-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>A000375</bioguideId>
        <fullName>Rep. Arrington, Jodey C. [R-TX-19]</fullName>
        <firstName>Jodey</firstName>
        <lastName>Arrington</lastName>
        <party>R</party>
        <state>TX</state>
        <middleName>C.</middleName>
        <district>19</district>
        <sponsorshipDate>2023-11-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-05-02T15:15:17Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-04-20</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-05-03T18:56:59Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;strong&gt;American Investment in Manufacturing Act or the AIM Act&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill makes permanent the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the tax deduction for business interest.&lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>AIM Act</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>AIM Act</title>
        <updateDate>2024-07-24T15:22:36Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>AIM Act</title>
        <updateDate>2024-05-24T13:40:45Z</updateDate>
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      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>American Investment in Manufacturing Act</title>
        <updateDate>2024-05-24T13:40:45Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.</title>
        <updateDate>2024-03-18T20:39:27Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-04-20T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr2788ih/xml/BILLS-118hr2788ih.xml</url>
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    <latestAction>
      <actionDate>2023-04-20</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <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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