Bill116th CongressFiled May 5, 2020Taxation
S. 3612
Small Business Expense Protection Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (May 5, 2020)
Small Business Expense Protection Act of 2020
This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business 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).
What just happenedMay 5, 2020
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Cornyn, John [R-TX](R-TX)Sponsor
41 cosponsors13 D28 R
41cosponsors1committees2actions3related bills8subjects
- Introduced in SenateMay 5, 2020
- May 5, 2020IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - May 5, 2020IntroReferral10000
Introduced in Senate