CREATE JOBS Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, CREATE JOBS Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Energy, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and...
- Section id9571597819B34FC2950CC2EA55A87B0B: 2. Permanent full expensing for qualified property Paragraph (6) of section 168(k) of the Internal Revenue Code of 1986 is amended to read as follows: For...
- Section idDBA1BB05E814455D849154BC56CD6147: 3. Neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property Section 168 of the Internal Revenue Code of...
- Section id9F4FE19A7630444EB8BF23789F74D2D2: 4. Elimination of amortization of research and experimental expenditures Section 174 of the Internal Revenue Code of 1986 is amended to read as follows: A...
- Section H37C63FF14C8346ACAD7F25566B61BC4A: 174. Research and experimental expenditures A taxpayer may treat research or experimental expenditures which are paid or incurred by him during the taxable...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, CREATE JOBS Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Energy, Transportation
Primary Purpose
This bill, CREATE JOBS Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeMr. Cruz introduced the following bill; which was read twice …
Read twice and referred to the Committee on Finance.
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Owners of residential rental properties and nonresidential real properties
Businesses conducting research and development activities
Businesses engaged in research or experimentation
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology