# 119-s-1688: Growing America’s Small Businesses and Manufacturing Act

119-s-1688, Growing America’s Small Businesses and Manufacturing Act, is a 119th Congress bill sponsored by Sen. Barrasso, John [R-WY] (R-WY); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1688
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1688
- Congress: 119
- Title: Growing America’s Small Businesses and Manufacturing Act
- Status: introduced
- Introduced: 2025-05-08
- Sponsor: Sen. Barrasso, John [R-WY] (R-WY)
- Cosponsors: 11
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Permanent extension of a depreciation allowance and much larger immediate expensing for businesses.** This bill makes a depreciation, amortization, and depletion allowance permanent for calculating the business interest deduction and raises Section 179 expensing limits while updating inflation-indexing rules.

## Cosponsors (11)

- Sen. Capito, Shelley Moore [R-WV] (R-WV), 2025-05-08T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-05-08T00:00:00.000Z
- Sen. Lankford, James [R-OK] (R-OK), 2025-05-08T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-05-08T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2025-05-08T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-05-08T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2025-05-08T00:00:00.000Z
- Sen. Tuberville, Tommy [R-AL] (R-AL), 2025-05-08T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-05-08T00:00:00.000Z
- Sen. Hoeven, John [R-ND] (R-ND), 2025-05-08T00:00:00.000Z
- Sen. Cruz, Ted [R-TX] (R-TX), 2025-05-08T00:00:00.000Z

## Provisions PRIA read

- Higher immediate expensing limit for businesses: benefit, high. This bill would raise the Section 179 annual expensing cap to $2,500,000. It would also raise the dollar-for-dollar phase-out threshold to $4,000,000. If enacted, these changes would apply to property placed in service in taxable years beginning after December 31, 2024. The bill would also update t…
- Permanently allow depreciation for business interest: benefit, high. This bill would permanently let businesses count depreciation, amortization, and depletion when they calculate the limit on the business interest deduction. If enacted, it would apply to taxable years beginning after December 31, 2024. Businesses that claim business interest and those deductions co…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-3752: SAVE America Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-587: Death Tax Repeal Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-6: Born-Alive Abortion Survivors Protection Act

## Sources
- [119-s-1688 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1688)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-587: Death Tax Repeal Act of 2025](https://policyrisk.com/legislation/119-s-587)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-6: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-s-6)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1688 (as of 2025-12-21).