H.R. 2558 · 117th Congress · 2021–2022
Accelerate Long-term Investment Growth Now Act
H.R. 2558 in the 117th Congress (2021–2022) was introduced on Apr 15, 2021, sponsored by Jodey C. Arrington with 122 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Apr 15, 2021
- Co-sponsors
- 122
- Policy area
- Taxation
What it does
Accelerate Long-term Investment Growth Now Act or the ALIGN Act This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Jodey C. Arrington (R-TX). Co-sponsors: 122 Republicans.
Where it stands
- IntroducedApr 15, 2021
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Apr 15, 2021)
Other Taxation bills in the 117th Congress
- H.R. 95: Hearing Protection Act
- H.R. 613: SALT Deductibility Act
- S. 749: American Innovation and Jobs Act
- H.R. 889: Education Freedom Scholarships and Opportunity Act
- H.R. 894: No Tax Breaks for Sanctuary Cities Act
- H.R. 1219: ABLE Age Adjustment Act
- H.R. 1346: Hospitality and Commerce Job Recovery Act of 2021
- H.R. 1381: Main Street Tax Certainty Act
- H.R. 1712: Death Tax Repeal Act
- S. 1777: Don't Weaponize the IRS Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2558 (117th Congress): Accelerate Long-term Investment Growth…,” https://www.capitolreceipts.com/bill/117-hr-2558/accelerate-long-term-investment-growth-now-act (accessed 2026-10-17).