S. 4207: American Innovation Act of 2026

S. 4207 is a federal bill in the 119th Congress. New businesses today face limits on how much they can deduct for early expenses like legal fees and market research, while also losing valuable tax credits and loss carryforwards if the company changes ownership. This bill changes the rules by allowing new… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.