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© 2026 Govwatch

S4657Referred to Committee

A bill to amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-02
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Todd Young
Todd Young
Republican · IN · Senator
Votes with party: 34.4% (323 recorded votes)

Full profile: /officials/Y000064

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Angela D. Alsobrooks (D-MD)Original· 2026-06-02

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-06-02

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on FinanceReferred To · 2026-06-02

Plain-English Summary

The proposal would eliminate a federal tax that truck manufacturers currently pay on heavy trucks and trailers, which could potentially lower costs for trucking companies and businesses that rely on commercial vehicles. The change would affect the trucking industry, manufacturers of large vehicles, and potentially consumers who buy goods transported by truck, though the exact impact on prices and competition remains uncertain. The bill is currently under review by the Senate Finance Committee.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S4653A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
    Referred to Committee · 2026-06-02
  • S4629A bill to prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.
    Referred to Committee · 2026-05-21
  • S4539Protecting Charitable Giving Act
    Referred to Committee · 2026-05-14
  • S4463WAGES Act of 2026
    Referred to Committee · 2026-04-30