FAMILY Act

Senate Bill

S. 2823

119th Congress

FAMILY Act

In Committee

Introduced:Sep 16, 2025

Primary Sponsor

Marco Rubio

R - FL

Cosponsors

0

Quick Stats

Policy Area

Taxation

Summary

The Securing America's R&D Advantage Act aims to encourage research and development (R&D) in the United States by expanding the deductibility of research expenses. It allows immediate expensing of certain R&D costs and increases the tax credit for new and small businesses that conduct R&D. However, the bill prohibits expensing R&D conducted in North Korea, China, Russia, or Iran.

Latest Action

Read twice and referred to the Committee on Finance.

AI Summary

Plain-English explanation of this bill

The Securing America's R&D Advantage Act aims to encourage research and development (R&D) in the United States by expanding the deductibility of research expenses. It allows immediate expensing of certain R&D costs and increases the tax credit for new and small businesses that conduct R&D. However, the bill prohibits expensing R&D conducted in North Korea, China, Russia, or Iran.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Securing America's R&D Advantage Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. The bill prohibits the expensing of such research and experimentation expenditures if they are conducted in North Korea, China, Russia, or Iran. The bill increases the maximum amount eligible for the tax credit for new and small businesses and increases to 20% the rate of the credit for business startups.

Key Points

Main provisions of the bill

Allows immediate expensing of research and experimental expenditures
Increases the maximum amount eligible for the tax credit for new and small businesses
Increases the rate of the tax credit for business startups to 20%
Prohibits expensing R&D conducted in North Korea, China, Russia, or Iran

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily impact businesses, particularly those engaged in research and development activities. By expanding deductibility and increasing tax credits, the bill aims to incentivize R&D investment and innovation within the United States. Startups and small businesses would see the most direct benefits from the increased tax credits. However, the prohibition on expensing R&D in certain countries could limit opportunities for some firms.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2823, 119th Congress (2025). "FAMILY Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2823