2025-2026 Regular Session • US Congress Legislature
HB1347: AIMM Act American Investment in Manufacturing and Main Street Act
Legislative Summary
To amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.
Demographic Impact
Overall analysis of equity impact
Neutral
Low ConfidenceUnlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
Bill History
2/13/2025
Introduced in House
House of Representatives
2/13/2025
Referred to the House Committee on Ways and Means.
House of Representatives
Status Information
Current Status
Introduced(2/13/2025)
Chamber
House of Representatives
Committee
Ways And Means(House of Representatives)
Sponsors
Republican: 14
Democrat: 7
Primary Sponsor
Adrian Smith
Republican
Co-Sponsors (20)
Joseph Morelle
Democrat
Kevin Hern
Republican
Bradley Schneider
Democrat
Max Miller
Republican
Randy Feenstra
Republican
Darin LaHood
Republican
Vern Buchanan
Republican
Lloyd Smucker
Republican
Nathaniel Moran
Republican
David Kustoff
Republican
Mike Carey
Republican
Marilyn Strickland
Democrat
Rudolph Yakym III
Republican
Jimmy Panetta
Democrat
Mike Quigley
Democrat
Claudia Tenney
Republican
Dan Meuser
Republican
Janelle Bynum
Democrat
Troy Balderson
Republican
Sharice Davids
Democrat