S. 443 · 118th Congress

Gives new-car dealers more time to restock inventory under a tax accounting method

Official title: Supply Chain Disruptions Relief Act1

Never got a floor voteBusiness tax breaks

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

Drafted by AI from the public sources cited. Each sentence links to its source.

This bill would change the tax treatment of new-car dealers that use the last-in, first-out (LIFO) inventory accounting method and sold off inventory during 2020 and 2021.2,3 Those dealers could choose to wait until the end of 2025 to replace that inventory when figuring the income from their 2020 and 2021 sales.3

§2Status

StatusLatest action, February 15, 2023: Read twice and referred to the Committee on Finance.1
IntroducedFebruary 15, 2023
SponsorSen. Brown, Sherrod [D-OH]
Cosponsors63 cosponsors (36 Republican, 26 Democratic, 1 independent)
Official recordS. 443 on Congress.gov

§3It never got a vote

Why this matters: This bill had wide support from both parties, but it never reached the House or Senate floor, so no member of Congress was ever recorded voting for or against it.

Latest action, February 15, 2023: Read twice and referred to the Committee on Finance.1 How bills die without a vote.

2026 candidates who sponsored or cosponsored it (10)