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HR 3661 118th Congress House Taxation

Small Business Growth Act

Introduced: May 25, 2023 Introduced by: Moore, Blake D. Republican · Utah See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 25, 2023
Referred to the House Committee on Ways and Means.
May 25, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business Growth Act

This bill increases from $1 million to $2 million to the limitation on expensing of depreciable business assets. It also increases the asset threshold amount used to reduce the expensing limitation.

What's happening now May 25, 2023

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • S 2609 Related bill Small Business Growth Act
  • HR 7024 Related bill Tax Relief for American Families and Workers Act of 2024
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 11
All 11 Republican 9
R
Lawler, Michael
New York · Nov 1, 2023
 R
Buchanan, Vern
Florida · May 25, 2023
 R
Feenstra, Randy
Iowa · May 25, 2023
Ferguson, A.
· May 25, 2023
 R
Fischbach, Michelle
Minnesota · May 25, 2023
 R
Fitzpatrick, Brian K.
Pennsylvania · May 25, 2023
 R
Kelly, Mike
Pennsylvania · May 25, 2023
 R
Kustoff, David
Tennessee · May 25, 2023
 R
Smith, Adrian
Nebraska · May 25, 2023
Steel, Michelle
· May 25, 2023
 R
Tenney, Claudia
New York · May 25, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3661: Small Business Growth Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3661/
MLA
"H.R. 3661: Small Business Growth Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3661/.
Bluebook (legal)
H.R. 3661, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3661/.
Markdown link
[H.R. 3661: Small Business Growth Act](https://openamerica.io/bill/118-HR-3661/)
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