American Innovation Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1778 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1778 To amend the Internal Revenue Code of 1986 to promote new business innovation, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 3, 2025 Mr. Buchanan (for himself, Mr. Kelly of Pennsylvania, Mr. Smith of Nebraska, Mr. Estes, Mrs. Miller of West Virginia, and Mr. Miller of Ohio) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to promote new business innovation, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Innovation Act of 2025''. SEC. 2. SIMPLIFICATION AND EXPANSION OF DEDUCTION FOR START-UP AND ORGANIZATIONAL EXPENDITURES. (a) In General.--Section 195 of the Internal Revenue Code of 1986 is amended by redesignating subsectio…