Expressing the sense of Congress that any reform or repeal of the last-in, first-out method of accounting for inventories (LIFO) would cause irreparable and unnecessary damage to United States businesses.

That it is the sense of Congress that irreparable and unnecessary damage to United States businesses would result from reform or repeal of the last-in, first-out method of accounting for inventories (LIFO) provided under section 472 of the Internal Revenue Code of 1986.