Includes all politicians who were in office at any point during the 115th Congress.

S. 1144 - INVEST Act of 2017

Taxation. 115th Congress (2017-2018) View bill details
Sponsor:
Summary:
A bill to amend the Internal Revenue Code of 1986 to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes. (by More
A bill to amend the Internal Revenue Code of 1986 to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes. (by CRS) Hide
 
Status:
The bill has been referred to committee. 
There have been no votes on this bill.

INVEST Act of 2017

S. 1144 — 115th Congress (2017–2018)

Summary
A bill to amend the Internal Revenue Code of 1986 to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Internal Revenue Code of 1986 to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes.
Other Titles
  • INVEST Act of 2017
  • INVEST Act of 2017
  • Investment in New Ventures and Economic Success Today Act of 2017
  • Investment in New Ventures and Economic Success Today Act of 2017
  • INVEST Act of 2017
Sponsor
John Thune
Co-Sponsors
Subjects
  • Taxation
  • Accounting and auditing
  • Agricultural equipment and machinery
  • Building construction
  • Business investment and capital
  • Computers and information technology
  • Contracts and agency
  • Corporate finance and management
  • Income tax deductions
  • Inflation and prices
  • Motor vehicles
  • Small business
Related Bills
    Major Actions
    Introduced5/17/2017
    Referred to Committee
    Bill History

    There have been no votes on this bill.

    ActionDateDescription
    Introduced5/17/2017
    5/17/2017Introduced in Senate
    5/17/2017Read twice and referred to the Committee on Finance.
    NumberSponsorDate OfferedStatus

    Total contributions given to Senators from interest groups that…

    $55,350
    $12,602,686
    $7,438,093
    $14,205,818
    $592,718
    $2,659,025
    $1,443,183
    $263,000
    $4,504,236
    $1,021,363
    $3,675,408
    $3,866,453
    $3,054,534
    $55,381,867
    $0
    15 Organizations Support and 0 Oppose; See Which Ones

    Organizations that took a position on
    INVEST Act of 2017

    15 organizations support this bill

    Alliance for American Manufacturing
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    American Fuel & Petrochemical Manufacturers
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    American Iron and Steel Institute
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    American Petroleum Institute
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    Americans for Tax Reform
    Hendrie, Alexander (2017, May 18). ATR Supports Senator Thune's INVEST Act. Retrieved May 18, 2017, from Americans for Tax Reform.
    Association of International Certified Professional Accountants
    AICPA (2017, June 28). AICPA Supports Senator Thune’s INVEST Act of 2017. Retrieved July 10, 2017, from AICPA.
    Atlas Air Worldwide
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    Comcast Corporation
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    CRANE Coalition
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    National Apartment Association
    NMHC (2017, May 24). NMHC/NAA Statement for the Record Senate Finance Committee Hearing, Fiscal Year 2018 Budget Proposals for the Department of Treasury and Tax Reform. Retrieved July 11, 2017, from NMHC.
    National Multifamily Housing Council
    NMHC (2017, May 24). NMHC/NAA Statement for the Record Senate Finance Committee Hearing, Fiscal Year 2018 Budget Proposals for the Department of Treasury and Tax Reform. Retrieved July 11, 2017, from NMHC.
    Phillips 66
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    Praxair
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.
    Real Estate Roundtable
    Real Estate Roundtable (2017, May 19). House Ways and Means Begin Hearings on Tax Overhaul; Senate Bill Introduced on Business Capital Expensing . Retrieved June 5, 2017, from Real Estate Roundtable.
    Windstream Communications
    Cost Recovery Advances the Nation’s Economy (CRANE) Coalition (2017, May 17). CRANE Coalition: Thune INVEST Act Proposal Recognizes Cost Recovery as Crucial Component of Tax Reform to Drive Economic Growth. Retrieved July 11, 2017, from CRANE Coalition.

    0 organizations oppose this bill

    Need proof?

    View citations of support and opposition

    Includes reported contributions to congressional campaigns of Senators in office during the 115th U.S. Congress, from interest groups invested in the vote according to MapLight, November 29, 2010 – November 28, 2016.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Support
    $ From Interest Groups
    That Oppose
    Andrew Lamar AlexanderRTN$358,146$0
    Tammy BaldwinDWI$125,817$0
    John BarrassoRWY$296,422$0
    Michael F. BennetDCO$673,743$0
    Richard BlumenthalDCT$396,476$0
    Roy BluntRMO$814,793$0
    Cory A. BookerDNJ$786,319$0
    John BoozmanRAR$280,969$0
    Sherrod BrownDOH$534,727$0
    Richard BurrRNC$606,806$0
    Maria CantwellDWA$142,276$0
    Shelley Moore CapitoRWV$506,133$0
    Ben CardinDMD$313,656$0
    Tom CarperDDE$324,365$0
    Bob CaseyDPA$529,931$0
    Bill CassidyRLA$1,041,712$0
    William Thad CochranRMS$418,052$0
    Susan M. CollinsRME$283,216$0
    Christopher A. CoonsDDE$348,373$0
    Bob CorkerRTN$530,982$0
    John CornynRTX$943,616$0
    Catherine Cortez MastoDNV$207,366$0
    Tom CottonRAR$1,870,142$0
    Mike CrapoRID$266,444$0
    Ted CruzRTX$2,671,793$0
    Steve DainesRMT$693,619$0
    Joe DonnellyDIN$220,421$0
    Tammy DuckworthDIL$241,944$0
    Dick DurbinDIL$293,075$0
    Mike EnziRWY$215,833$0
    Joni ErnstRIA$330,661$0
    Dianne FeinsteinDCA$236,500$0
    Deb FischerRNE$481,128$0
    Jeff FlakeRAZ$1,716,794$0
    Al FrankenDMN$216,641$0
    Cory GardnerRCO$1,189,871$0
    Kirsten E. GillibrandDNY$548,326$0
    Lindsey GrahamRSC$492,657$0
    Chuck GrassleyRIA$491,278$0
    Kamala D. HarrisDCA$205,846$0
    Margaret Wood HassanDNH$200,758$0
    Orrin G. HatchRUT$682,657$0
    Martin HeinrichDNM$164,709$0
    Heidi HeitkampDND$177,233$0
    Dean HellerRNV$616,043$0
    Mazie K. HironoDHI$148,605$0
    John HoevenRND$191,884$0
    Jim InhofeROK$314,599$0
    Johnny IsaksonRGA$554,295$0
    Ron JohnsonRWI$1,421,317$0
    Tim KaineDVA$389,264$0
    John KennedyRLA$165,800$0
    Angus S. King, Jr.IME$95,699$0
    Amy KlobucharDMN$219,882$0
    James LankfordROK$627,165$0
    Patrick J. LeahyDVT$145,035$0
    Mike LeeRUT$961,897$0
    Joe Manchin, IIIDWV$331,610$0
    Ed MarkeyDMA$695,870$0
    John McCainRAZ$796,579$0
    Claire McCaskillDMO$397,514$0
    Addison "Mitch" McConnellRKY$1,533,181$0
    Bob MenéndezDNJ$746,876$0
    Jeff MerkleyDOR$131,350$0
    Jerry MoranRKS$330,350$0
    Lisa MurkowskiRAK$365,746$0
    Chris MurphyDCT$341,539$0
    Patty MurrayDWA$225,430$0
    Clarence "Bill" NelsonDFL$450,681$0
    Rand PaulRKY$680,551$0
    David PerdueRGA$693,388$0
    Gary C. PetersDMI$546,006$0
    Rob PortmanROH$1,297,716$0
    John "Jack" ReedDRI$145,350$0
    Jim RischRID$145,068$0
    Charles "Pat" RobertsRKS$498,226$0
    Mike RoundsRSD$350,979$0
    Marco RubioRFL$1,557,381$0
    Bernie SandersIVT$13,500$0
    Ben SasseRNE$950,501$0
    Brian SchatzDHI$534,200$0
    Chuck SchumerDNY$1,202,149$0
    Tim ScottRSC$1,148,099$0
    Jeanne ShaheenDNH$284,722$0
    Richard C. ShelbyRAL$167,550$0
    Debbie StabenowDMI$370,281$0
    Luther StrangeRAL$0$0
    Dan SullivanRAK$1,022,051$0
    Jon TesterDMT$414,280$0
    John ThuneRSD$700,696$0
    Thom TillisRNC$671,456$0
    Patrick J. ToomeyRPA$2,255,297$0
    Tom UdallDNM$306,700$0
    Chris Van HollenDMD$745,594$0
    Mark R. WarnerDVA$605,090$0
    Elizabeth WarrenDMA$190,621$0
    Sheldon WhitehouseDRI$147,191$0
    Roger F. WickerRMS$272,750$0
    Ron WydenDOR$546,538$0
    Todd YoungRIN$647,499$0

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    NamePartyState$ From Interest Groups
    That Support
    $ From Interest Groups
    That Oppose
    Andrew Lamar AlexanderRTN$358,146$0
    Tammy BaldwinDWI$125,817$0
    John BarrassoRWY$296,422$0
    Michael F. BennetDCO$673,743$0
    Richard BlumenthalDCT$396,476$0
    Roy BluntRMO$814,793$0
    Cory A. BookerDNJ$786,319$0
    John BoozmanRAR$280,969$0
    Sherrod BrownDOH$534,727$0
    Richard BurrRNC$606,806$0
    Maria CantwellDWA$142,276$0
    Shelley Moore CapitoRWV$506,133$0
    Ben CardinDMD$313,656$0
    Tom CarperDDE$324,365$0
    Bob CaseyDPA$529,931$0
    Bill CassidyRLA$1,041,712$0
    William Thad CochranRMS$418,052$0
    Susan M. CollinsRME$283,216$0
    Christopher A. CoonsDDE$348,373$0
    Bob CorkerRTN$530,982$0
    John CornynRTX$943,616$0
    Catherine Cortez MastoDNV$207,366$0
    Tom CottonRAR$1,870,142$0
    Mike CrapoRID$266,444$0
    Ted CruzRTX$2,671,793$0
    Steve DainesRMT$693,619$0
    Joe DonnellyDIN$220,421$0
    Tammy DuckworthDIL$241,944$0
    Dick DurbinDIL$293,075$0
    Mike EnziRWY$215,833$0
    Joni ErnstRIA$330,661$0
    Dianne FeinsteinDCA$236,500$0
    Deb FischerRNE$481,128$0
    Jeff FlakeRAZ$1,716,794$0
    Al FrankenDMN$216,641$0
    Cory GardnerRCO$1,189,871$0
    Kirsten E. GillibrandDNY$548,326$0
    Lindsey GrahamRSC$492,657$0
    Chuck GrassleyRIA$491,278$0
    Kamala D. HarrisDCA$205,846$0
    Margaret Wood HassanDNH$200,758$0
    Orrin G. HatchRUT$682,657$0
    Martin HeinrichDNM$164,709$0
    Heidi HeitkampDND$177,233$0
    Dean HellerRNV$616,043$0
    Mazie K. HironoDHI$148,605$0
    John HoevenRND$191,884$0
    Jim InhofeROK$314,599$0
    Johnny IsaksonRGA$554,295$0
    Ron JohnsonRWI$1,421,317$0
    Tim KaineDVA$389,264$0
    John KennedyRLA$165,800$0
    Angus S. King, Jr.IME$95,699$0
    Amy KlobucharDMN$219,882$0
    James LankfordROK$627,165$0
    Patrick J. LeahyDVT$145,035$0
    Mike LeeRUT$961,897$0
    Joe Manchin, IIIDWV$331,610$0
    Ed MarkeyDMA$695,870$0
    John McCainRAZ$796,579$0
    Claire McCaskillDMO$397,514$0
    Addison "Mitch" McConnellRKY$1,533,181$0
    Bob MenéndezDNJ$746,876$0
    Jeff MerkleyDOR$131,350$0
    Jerry MoranRKS$330,350$0
    Lisa MurkowskiRAK$365,746$0
    Chris MurphyDCT$341,539$0
    Patty MurrayDWA$225,430$0
    Clarence "Bill" NelsonDFL$450,681$0
    Rand PaulRKY$680,551$0
    David PerdueRGA$693,388$0
    Gary C. PetersDMI$546,006$0
    Rob PortmanROH$1,297,716$0
    John "Jack" ReedDRI$145,350$0
    Jim RischRID$145,068$0
    Charles "Pat" RobertsRKS$498,226$0
    Mike RoundsRSD$350,979$0
    Marco RubioRFL$1,557,381$0
    Bernie SandersIVT$13,500$0
    Ben SasseRNE$950,501$0
    Brian SchatzDHI$534,200$0
    Chuck SchumerDNY$1,202,149$0
    Tim ScottRSC$1,148,099$0
    Jeanne ShaheenDNH$284,722$0
    Richard C. ShelbyRAL$167,550$0
    Debbie StabenowDMI$370,281$0
    Luther StrangeRAL$0$0
    Dan SullivanRAK$1,022,051$0
    Jon TesterDMT$414,280$0
    John ThuneRSD$700,696$0
    Thom TillisRNC$671,456$0
    Patrick J. ToomeyRPA$2,255,297$0
    Tom UdallDNM$306,700$0
    Chris Van HollenDMD$745,594$0
    Mark R. WarnerDVA$605,090$0
    Elizabeth WarrenDMA$190,621$0
    Sheldon WhitehouseDRI$147,191$0
    Roger F. WickerRMS$272,750$0
    Ron WydenDOR$546,538$0
    Todd YoungRIN$647,499$0

    Interest Groups that support this bill

    $ Donated
    Republican/Conservative$14,205,818
    Real Estate developers & subdividers$12,602,686
    Accountants$7,438,093
    Cable distributors & service providers$4,504,236
    Telephone utilities$3,866,453
    Chemicals$3,675,408
    Building operators and managers$3,054,534
    Oil & Gas$2,659,025
    Steel$1,443,183
    Gasoline service stations$1,021,363
    Manufacturing$592,718
    Air freight$263,000
    Fiscal & tax policy$55,350

    Interest Groups that oppose this bill

    $ Donated
    Loading…
    Date Range of Contributions
    Enter a custom date range