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HR 5371 117th Congress House Taxation Business investment and capital Income tax deductions Interest, dividends, interest rates

Permanently Preserving America’s Investment in Manufacturing Act

Introduced: April 14, 2022 Introduced by: Morelle, Joseph D. Democratic · New York See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 2021
Referred to the House Committee on Ways and Means.
Sep 24, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Permanently Preserving America's Investment in Manufacturing Act

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.

What's happening now September 24, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1077 Identical bill Permanently Preserving America’s Investment in Manufacturing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 4 Republican 6
Ruppersberger, C.
· Aug 26, 2022
 R
Van Duyne, Beth
Texas · Aug 26, 2022
 R
Fitzpatrick, Brian K.
Pennsylvania · Jul 26, 2022
 D
Panetta, Jimmy
California · Jul 26, 2022
 R
Murphy, Gregory F.
North Carolina · Jul 1, 2022
 D
Suozzi, Thomas R.
New York · Jul 1, 2022
 D
Cuellar, Henry
Texas · Jun 21, 2022
 R
Williams, Roger
Texas · Jun 21, 2022
 R
Arrington, Jodey C.
Texas · Apr 14, 2022
 D
Gonzalez, Vicente
Texas · Apr 14, 2022
 R
Smith, Adrian
Nebraska · Sep 24, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5371: Permanently Preserving America’s Investment in Manufacturing Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-5371/
MLA
"H.R. 5371: Permanently Preserving America’s Investment in Manufacturing Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-5371/.
Bluebook (legal)
H.R. 5371, 117th Cong. (2026), https://openamerica.io/bill/117-HR-5371/.
Markdown link
[H.R. 5371: Permanently Preserving America’s Investment in Manufacturing Act](https://openamerica.io/bill/117-HR-5371/)
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