February 12, 2025 – This week, U.S. Representatives Darin LaHood (IL-16) and Brad Schneider (IL-10) reintroduced H.R. 1200, the Freight RAILCAR Act of 2025, to modernize the North American railcar fleet, support U.S. manufacturing jobs, and advance the efficient movement of critical goods across the country. The Freight RAILCAR Act of 2025 would provide a nonrefundable 10 percent tax credit to help offset the costs to replace or upgrade existing railcars to improve fuel efficiency or capacity.
RSI President Patty Long released the following statement in support of the legislation:
“The Freight RAILCAR Act of 2025 will encourage investment in a more sustainable freight railcar fleet and bolster an industry vital to the U.S. economy. The RSI appreciates Representatives LaHood and Schneider for their leadership and urges Congress to pass this important legislation.”