H.R. 2673
118th Congress
House
American Innovation and R&D Competitiveness Act of 2023
Official title: To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2023
Sponsor introductory remarks on measure. (CR H1898)
Apr 18, 2023
Referred to the House Committee on Ways and Means.
Apr 18, 2023
Introduced in House
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Latest action
Sponsor introductory remarks on measure. (CR H1898)
Plain-English summary
American Innovation and R&D Competitiveness Act of 2023
This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.
Related & companion bills
3
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Lobbying activity
10
- GENERAL DYNAMICS CORP
- NOVELIS INC.
- GENERAL DYNAMICS CORP
- ASSOCIATION OF EQUIPMENT MANUFACTURERS
- NOVELIS INC.
- GENERAL DYNAMICS CORP
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Commerce, Dept of (DOC)
- Treasury, Dept of
- State, Dept of (DOS)
- Health & Human Services, Dept of (HHS)
- Homeland Security, Dept of (DHS)
- Labor, Dept of (DOL)
Cosponsors
223
D
Horsford, Steven
R
Lee, Laurel M.
R
Rulli, Michael A.
D
Foster, Bill
D
Cleaver, Emanuel
D
Amo, Gabe
D
Garamendi, John
R
Hinson, Ashley
R
Ogles, Andrew
R
Rouzer, David
D
Auchincloss, Jake
R
Baird, James R.
R
Bean, Aaron
Buck, Ken
R
Burchett, Tim
R
Cammack, Kat
R
De La Cruz, Monica
R
Fry, Russell
Good, Bob
Lamborn, Doug
R
McCormick, Richard
R
Miller-Meeks, Mariannette
R
Mills, Cory
R
Obernolte, Jay
R
Self, Keith
R
Van Drew, Jefferson
R
Edwards, Chuck
D
Foushee, Valerie P.
R
Garbarino, Andrew R.
D
Jacobs, Sara
Luetkemeyer, Blaine
Nickel, Wiley
R
Hill, J. French
D
Kim, Andy
R
LaMalfa, Doug
D
Pingree, Chellie
D
Pocan, Mark
R
Thompson, Glenn
D
Sykes, Emilia Strong
R
Turner, Michael R.
R
Banks, Jim
D
Dean, Madeleine
R
Dunn, Neal P.
R
Langworthy, Nicholas A.
D
Plaskett, Stacey E.
Sarbanes, John
D
Gallego, Ruben
Higgins, Brian
D
Lee, Summer L.
D
McCollum, Betty
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Cite this page
U.S. Congress. (2026). H.R. 2673: American Innovation and R&D Competitiveness Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2673/
"H.R. 2673: American Innovation and R&D Competitiveness Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2673/.
H.R. 2673, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2673/.
[H.R. 2673: American Innovation and R&D Competitiveness Act of 2023](https://openamerica.io/bill/118-HR-2673/)