US SB3596 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on May 4 2020 - 25% progression, died in committee
Action: 2020-05-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise tax deductible expenses and other tax incidents shall not be affected by the exclusion from gross income of amounts related to loan forgiveness received in response to COVID-19 (i.e., coronavirus disease 2019).

Tracking Information

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Title

Safeguarding Small Business Act

Sponsors


History

DateChamberAction
2020-05-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

SB3612 (Related) 2020-05-05 - Read twice and referred to the Committee on Finance.
HB6821 (Related) 2020-05-12 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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