S 443
118th Congress
Senate
Taxation
Accounting and auditing
Administrative law and regulatory procedures
Department of the Treasury
Income tax deferral
Motor vehicles
Tax administration and collection, taxpayers
Supply Chain Disruptions Relief Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2023
Read twice and referred to the Committee on Finance.
Feb 15, 2023
Introduced in Senate
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Plain-English summary
Supply Chain Disruptions Relief Act
This bill modifies the treatment of liquidations of new motor vehicle inventory as qualified LIFO (last in first out accounting method) inventory. It allows new motor vehicle dealers to elect to wait until the end of 2025 to replace their inventory for purposes of determining income attributable to the sale of such inventory during 2020 and 2021.
What's happening now
Read twice and referred to the Committee on Finance.
Related & companion bills
1
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
52
R
Ernst, Joni
R
Cruz, Ted
R
Lee, Mike
R
Young, Todd
D
Kaine, Tim
Mullin, Markwayne
R
Budd, Ted
D
Schumer, Charles E.
D
Rosen, Jacky
R
Fischer, Deb
R
Britt, Katie Boyd
D
Baldwin, Tammy
R
Barrasso, John
R
Blackburn, Marsha
D
Blumenthal, Richard
R
Boozman, John
R
Capito, Shelley Moore
R
Cassidy, Bill
D
Coons, Christopher A.
R
Cornyn, John
D
Cortez Masto, Catherine
R
Cramer, Kevin
R
Crapo, Mike
R
Daines, Steve
D
Duckworth, Tammy
R
Grassley, Chuck
R
Hagerty, Bill
D
Hassan, Margaret Wood
R
Hoeven, John
R
Hyde-Smith, Cindy
R
Johnson, Ron
D
Kelly, Mark
I
King, Angus S., Jr.
D
Klobuchar, Amy
R
Lankford, James
R
Lummis, Cynthia M.
R
Marshall, Roger
R
Moran, Jerry
D
Murray, Patty
D
Padilla, Alex
D
Peters, Gary C.
R
Risch, James E.
R
Rounds, Mike
R
Scott, Rick
R
Scott, Tim
D
Shaheen, Jeanne
D
Smith, Tina
R
Thune, John
R
Tillis, Thomas
D
Van Hollen, Chris
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Cite this page
U.S. Congress. (2026). S. 443: Supply Chain Disruptions Relief Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-443/
"S. 443: Supply Chain Disruptions Relief Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-443/.
S. 443, 118th Cong. (2026), https://openamerica.io/bill/118-S-443/.
[S. 443: Supply Chain Disruptions Relief Act](https://openamerica.io/bill/118-S-443/)