H.R. 7382 · 117th Congress · 2021–2022
Supply Chain Disruptions Relief Act
H.R. 7382 in the 117th Congress (2021–2022) was introduced on Apr 4, 2022, sponsored by Daniel T. Kildee with 174 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Apr 4, 2022
- Co-sponsors
- 174
- Policy area
- Taxation
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Daniel T. Kildee (D-MI). Co-sponsors: 78 Democrats, 96 Republicans.
Where it stands
- IntroducedApr 4, 2022
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Apr 4, 2022)
More bills from Daniel T. Kildee in the 117th Congress
Other Taxation bills in the 117th Congress
- H.R. 95: Hearing Protection Act
- H.R. 613: SALT Deductibility Act
- S. 749: American Innovation and Jobs Act
- H.R. 889: Education Freedom Scholarships and Opportunity Act
- H.R. 894: No Tax Breaks for Sanctuary Cities Act
- H.R. 1219: ABLE Age Adjustment Act
- H.R. 1346: Hospitality and Commerce Job Recovery Act of 2021
- H.R. 1381: Main Street Tax Certainty Act
- H.R. 1712: Death Tax Repeal Act
- S. 1777: Don't Weaponize the IRS Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 7382 (117th Congress): Supply Chain Disruptions Relief Act,” https://www.capitolreceipts.com/bill/117-hr-7382/supply-chain-disruptions-relief-act (accessed 2026-10-17).