Us Congress House Bill HJR225

Us Congress 2023-2024 Regular Session

• Introduced: 11/20/24
• Refer: 11/20/24

Caption

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Advanced Manufacturing Production Credit".

Impact

The disapproval of the IRS rule would mean that the Advanced Manufacturing Production Credit, as initially proposed, would not go into effect. This could substantially impact businesses and manufacturers that were anticipating benefits from this credit, designed to promote investment in advanced manufacturing technologies. The resolution indicates a significant stance by certain congressional members against federal regulatory actions that they perceive could hinder business growth or impose undue compliance burdens on manufacturers.

Summary

HJR225 is a joint resolution seeking congressional disapproval of a rule established by the Internal Revenue Service (IRS) regarding the Advanced Manufacturing Production Credit. This bill was submitted by Representatives Moolenaar, Golden, Weber, and Self. The resolution highlights a procedural aspect of congressional authority to overturn regulations that agencies such as the IRS implement under federal law. Specifically, it is framed under chapter 8 of title 5 of the United States Code, which governs how Congress can review and potentially invalidate agency rules.

Contention

There may be notable points of contention around HJR225, particularly with varying perspectives on federal regulatory authority versus local business interests. Supporters of the resolution likely view the IRS rule as unnecessary governmental intrusion that complicates the manufacturing landscape, potentially stalling economic growth. Conversely, opponents of the resolution might argue that disapproval could eliminate incentives meant to bolster innovation and job creation in the advanced manufacturing sector, ultimately affecting the competitive position of U.S. businesses in a global market.