# 119-s-4207: American Innovation Act of 2026

119-s-4207, American Innovation Act of 2026, is a 119th Congress bill sponsored by Sen. Blackburn, Marsha [R-TN] (R-TN); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4207
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4207
- Congress: 119
- Title: American Innovation Act of 2026
- Status: introduced
- Introduced: 2026-03-25
- Sponsor: Sen. Blackburn, Marsha [R-TN] (R-TN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expands the year-one deduction for start-up and organizational costs** so new businesses can deduct more up front and amortize the rest, while also protecting start-up losses and credits when ownership changes. This package would create a new Section 195 to reorganize those rules and update cross-references across the tax code.

## Provisions PRIA read

- New startup tax breaks for entrepreneurs: benefit, high. If enacted, you would be able to elect a new startup rule when your trade or business begins in a tax year after December 31, 2025. You would be able to deduct up to $20,000 in start‑up and organizational costs in the first year, but that $20,000 is reduced if total startup costs exceed $120,000. A…
- Tighter tax rules for startups and partners: cost, high. If enacted, partnerships and partners would not be allowed to deduct fees paid to promote or sell an interest in a partnership for businesses that begin after December 31, 2025. If a loss corporation has NOLs or unused business credits from a startup-period year, those amounts would be reduced for…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-2142: GOLDEN DOME Act of 2025
- 119-s-2438: Transformation to Competitive Integrated Employment Act
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-1748: Kids Online Safety Act

## Sources
- [119-s-4207 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4207)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-2142: GOLDEN DOME Act of 2025](https://policyrisk.com/legislation/119-s-2142)
- [119-s-2438: Transformation to Competitive Integrated Employment Act](https://policyrisk.com/legislation/119-s-2438)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4207 (as of 2026-04-21).