CREATE JOBS Act
Summary
The CREATE JOBS Act (HR3967) is an early-stage bill proposing permanent 100% bonus depreciation for qualified property, but has no market impact today. It was introduced in June 2025, has only 3 cosponsors, and remains in the House Ways and Means Committee with no further action in 10 months. No real market data is provided, and the bill is too early-stage for actionable ticker-level analysis.
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Key Takeaways
- 1.HR3967 is at the earliest possible legislative stage — introduced and referred to committee with zero subsequent action in 10 months.
- 2.The bill has only 3 cosponsors and a junior sponsor — no committee leadership support indicated.
- 3.No market data is available and no ticker-level impact can be credibly assessed at this procedural stage.
Market Implications
No actionable market implications. The bill is stuck in committee with no hearings, no markups, and no companion Senate action beyond referral. Capital-intensive sectors would benefit structurally from permanent 100% bonus depreciation, but this legislative vehicle is dead until it shows signs of life — a committee hearing, a markup, or inclusion in a larger tax package. Do not trade on this bill in its current state.
Full Analysis
The CREATE JOBS Act (HR3967) was introduced in the House on June 12, 2025 by Rep. Grothman (R-WI-6) with three cosponsors. It proposes to make permanent a 100% tax deduction (bonus depreciation) for investments in qualified property, effectively codifying and extending the 100% expensing provision that was part of the 2017 Tax Cuts and Jobs Act but has been phasing down. The bill text amends Section 168(k) of the Internal Revenue Code to set the applicable percentage to 100% for property placed in service after September 27, 2017.
MONEY TRAIL: This is a tax expenditure bill — it does not appropriate funds. The Joint Committee on Taxation would estimate the revenue loss (i.e., tax expenditure cost) if the bill moved forward. The CBO score does not exist yet. The effective date is retroactive to the original TCJA enactment, meaning the bill would need budget reconciliation to avoid a Byrd rule issue in the Senate. A companion bill (S2056) exists in the Senate but is also at the referral stage.
LEGISLATIVE STATUS: Stalled. After introduction and referral to Ways and Means on June 12, 2025, there has been zero action in 10 months. The sponsor is a junior Republican (not a committee chair), there are only 3 cosponsors, and the bill has no hearing, no markup, and no CBO score. This is a messaging bill, not a legislative vehicle.
STRUCTURAL WINNERS IF PASSED: A permanent 100% expensing provision would benefit capital-intensive sectors broadly — manufacturing (CAT, DE, GE), technology (AMAT, KLAC, LRCX for semiconductor equipment), energy (OXY, COP, XOM for drilling equipment), utilities (NEE, DUK for power generation), agriculture (DE, AGCO), and materials (FCX, NEM for mining equipment). However, the bill is nowhere near passage, and bonus depreciation is a tax timing benefit (not a permanent savings) that primarily helps companies with positive taxable income and large capital expenditures.
TIMELINE: The bill would need a Ways and Means Committee markup, House floor vote, Senate Finance Committee action, Senate floor vote, and Presidential signature. Given the 119th Congress is already in its second session (2026), the window for major tax legislation this year is closing. The bill has zero momentum.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
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