The House of Representatives has passed legislation to restore first-year expensing of research and development (R&D) investments by American businesses, a provision that was eliminated in the 2017 Tax Cuts and Jobs Act (TCJA). The change has disincentivized innovation and disproportionately impacted startups due to their heavy investment in R&D. The bill, known as the Tax Relief for American Families and Workers Act, has bipartisan support and is expected to be considered by the Senate in the coming months.