A bipartisan, bicameral effort to modernize North America’s freight railcar fleet is underway. In the House, H.R. 1200 was introduced on February 11, 2025 by Reps. Darin LaHood (R-IL) and Brad Schneider (D-IL), with strong bipartisan support. In the Senate, S. 2758 was introduced on September 10, 2025 by Sens. Jim Banks (R-IN) and Chris Coons (D-DE). The legislation would provide a time-limited 10% tax credit to replace or upgrade outdated railcars, supporting U.S. manufacturing jobs and improving fuel efficiency and capacity.
The bill would support 65,000 rail manufacturing and supply jobs and provide tax credits to encourage the replacement or modernization of North America’s freight railcar fleet with higher capacity, more fuel-efficient freight railcars now, rather than years from now.
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