Key provisions of H.R. 1 include:

• Permanent restoration of an interest deductibility standard that supports growth
• Full expensing for capital equipment purchases
• Immediate expensing for research and development costs

Their permanent restoration will encourage innovation, drive investment, and create new jobs nationwide. 

“The passage of H.R. 1 represents a significant commitment to American manufacturing, and specifically offers vital support to the railway supply industry,” said Railway Supply Institute President Jim Riley. “In an increasingly competitive global economy, this bill provides our manufacturers–from the smallest workshops to the largest enterprises that build and maintain our nation’s rail system–with tax tools that can help them innovate, expand, and compete. It is a signal that Congress is dedicated to fostering a strong manufacturing sector that includes the critical components of our rail infrastructure.”

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In his testimony, Wabtec Corporation Executive Vice President and CTO Eric Gebhardt emphasized how advanced technologies developed by Wabtec and RSI members are transforming rail safety, efficiency, and sustainability. “Wabtec’s and other RSI members’ commitment to research and development ensures that the rail industry continues to evolve to meet the needs of modern transportation,” Gebhardt said. He added, “Continued progress requires continued partnership. Wabtec and RSI look forward to working with Congress and the Administration to ensure America’s rail network remains the safest and most efficient in the world.”  

Since January, the House Transportation & Infrastructure (T&I) Committee has conducted hearings to examine federal programs that support the freight and passenger rail industry ahead of the September 30, 2026, expiration of the Infrastructure Investment and Jobs Act (IIJA). “RSI is grateful to the Subcommittee for the opportunity for an RSI member company to testify and highlight the important role our members play in strengthening the nation’s rail network,” said RSI President Jim Riley. “Wabtec Corporation embodies the innovative spirit of the rail supply industry and we’re grateful to Eric and the entire Wabtec team for serving as a strong representative for the entire industry.”

“On behalf of RSI’s Board of Directors, I’d like to thank and commend Wabtec for representing the entire rail supply industry before the House T&I Committee’s Railroads, Pipelines, & Hazardous Materials Subcommittee,” said Robert Oesch, Vice President of North American Commercial at Amsted Rail and Chair of the RSI Board of Directors. “Today’s hearing highlights RSI’s ability to bring forward real-world expertise from across our industry. RSI members’ collective expertise, and close working relationships with both public and private stakeholders allow us to play a central role in shaping policies that will define the future of rail.”

Today’s hearing occurs just under one month before RSI members are set to showcase the industry’s latest innovations at Innovation in Rail, RSI’s rail supplier technology event taking place on Capitol Hill. The annual event is designed to focus on rail technology, the regulatory environment, and the economic contributions made by the rail supply industry. Learn more and RSVP to the event here.  

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