Introduce legislation to allow Americans to write off interest on auto loans for U.S.-made cars.

Today, Senator Bernie Moreno (R-OH) introduced the United States Automobile Consumer Assistance and Relief Act (USA CAR Act), which would allow Americans to write off interest on auto loans for U.S.-made cars.

Bernie Moreno introduced a bill that, if passed, will let Americans write off interest paid on auto loans for cars made in the United States.

New Moreno Bill to Allow Americans to Write Off Interest on Auto Loans - Senator Bernie Moreno
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12-05-2025 S.1219 | USA CAR Act Latest Action: Read twice and referred to the Committee on Finance.

Moreno sponsored the 'USA CAR Act,' further supporting a previous commitment to let Americans deduct interest on auto loans for domestically made cars.

Legislation - Senator Bernie Moreno
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SEC. 70203, 'NO TAX ON CAR LOAN INTEREST,' amends Internal Revenue Code section 163(h) to create a deduction for qualified passenger vehicle loan interest for taxable years 2025 through 2028, with the deduction applying only to vehicles with final assembly in the United States.

Congress enacted a federal auto-loan-interest deduction tied to U.S.-assembled vehicles, satisfying the substance of Moreno's promise.

delivered same_term

H. R. 1 (enrolled) - One Big Beautiful Bill Act
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Treasury states that section 70203 of Public Law 119-21 provides a newly allowable income tax deduction for qualified passenger vehicle loan interest and that the statute applies to vehicles with final assembly in the United States.

Federal rulemaking confirms the enacted deduction is in force and being implemented, reinforcing that the promise was delivered rather than merely proposed.

delivered same_term

Federal Register, Proposed Rules: Treasury regulations under sections 163 and 6050AA
secondary · model gpt-5.4-mini · confidence 94%