Business Expenses
US Congress 116th Congress
Main Street Enhancement and Safety Act [S.3716]
[Small Business ]
[Public Health ]
[Funding ]
[Grants ]
[Economic Development ]
[Public Safety ]
[Healthcare ]
[Labor, Jobs, Employment ]
Expands allowable and forgivable uses for loans made under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include reopening costs. Reopening costs are costs for (1) acquiring health and safety supplies, including personal protective equipment, needed to prepare for reopening; and (2) creating a safe environment for customers upon reopening, including changing or modifying the recipient's business.
Sponsored by: Sen. Martha McSally
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/13/2020
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Small Business Expense Protection Act of 2020 [HB-6821]
[Taxes ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
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).
Sponsored by: Rep. Gus M. Bilirakis
Introduced In House on 05/12/2020
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Promoting Flexibility for Small Business Owners Act [HB-6816]
[Small Business ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
[Healthcare ]
Extends certain deadlines related to loan forgiveness that are applicable to a loan recipient under the Paycheck Protection Program, which was established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill extends by at least one month the covered period during which a loan recipient must spend the loan to be eligible for loan forgiveness. The bill also extends by one month the deadline for a small business to rehire employees or eliminate salary or wage reductions to be eligible for loan
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Sponsored by: Rep. Darin LaHood
Introduced In House on 05/12/2020
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To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration. [HB-6818]
[Small Business ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Healthcare ]
[Public Health ]
[Economic Development ]
Requires the Small Business Administration, in making loan guarantees under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to guarantee that employers with 25 or fewer employees shall receive at least 50% of all loan dollars.
Sponsored by: Rep. Al Green
Introduced In House on 05/12/2020
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The Heroes Act [HB-6800]
[Healthcare ]
[Housing ]
[Immigration ]
[Student Loans ]
[Medicare and Medicaid ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Food ]
[Veterans ]
[Public Health ]
[Mental Health ]
[Children and Youth ]
[Economic Development ]
[Elections ]
[Funding ]
[Grants ]
[Human Services ]
[Pensions ]
[Pharmaceuticals ]
[Poverty ]
[Retirement ]
[Labor, Jobs, Employment ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Insurance ]
[Cybersecurity ]
[Data Privacy ]
[Disaster Relief ]
[Unemployment ]
Responds to the COVID-19 (i.e., coronavirus disease 2019) outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. Among other things, the bill provides FY2020 emergency supplemental appropriations to federal agencies; provides payments and other assistance to state, local, tribal, and territorial governments; provides additional direct payments of up to $1,200 per individual; expands paid sick days, family and medical leave, unemployment compensation, nutrition and food assistance programs,
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Sponsored by: Rep. Raul M. Grijalva
Committee On Small Business And Entrepreneurship. Hearings Held. on 07/23/2020
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A bill to appropriate additional amounts to provide loans under the paycheck protection program to community development financial institutions and minority depository institutions, and for other purposes. [S.3702]
[Budget and Spending ]
[Small Business ]
[Funding ]
[Grants ]
[Community Development ]
[Economic Development ]
[Finance ]
[Labor, Jobs, Employment ]
Modifies and provides additional funding for the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides an additional $10 billion to guarantee paycheck protection loans, $7.5 billion of which shall be for small loans made by community development financial institutions or minority depository institutions. The bill also establishes a grant program to provide assistance to community development financial institutions and minority depository institutions
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/12/2020
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ALIGN Act Accelerate Long-term Investment Growth Now Act [HB-6802]
[Taxes ]
[Small Business ]
[Economic Development ]
Makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 05/12/2020
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Protecting Outpatient Access Act of 2020 [HB-6803]
[Healthcare ]
[Small Business ]
[Mental Health ]
[Public Health ]
[Funding ]
[Grants ]
[Human Services ]
[Law Enforcement ]
[Overdose Prevention ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass certain outpatient care centers that are affiliates of nonprofit hospitals. Such care centers include mental health and substance abuse centers, dialysis centers, health maintenance organization medical centers, and freestanding ambulatory surgical and emergency centers.
Sponsored by: Rep. Troy Balderson
Introduced In House on 05/12/2020
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Nurse Workforce Protection Act of 2020 [HB-6809]
[Healthcare ]
[Labor, Jobs, Employment ]
[Public Health ]
[Funding ]
To prohibit health care providers that receive funding through the Public Health and Social Services Emergency Fund from reducing employment or compensation for certain nurses employed by the provider.
Sponsored by: Rep. Tulsi Gabbard
Introduced In House on 05/12/2020
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Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act TRUTH Act [HB-6782]
[Small Business ]
[Technology and Innovation ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Public Health ]
[Veterans ]
[Economic Development ]
[Data Privacy ]
[Consumer Protection ]
Requires the Small Business Administration (SBA) to make information regarding economic relief measures implemented in response to COVID-19 (i.e., coronavirus disease 2019) publicly available. Specifically, with respect to the Paycheck Protection Program and economic injury disaster loans and emergency grants, the SBA must publish (1) the identity of each recipient of assistance and an explanation of the decision-making process underlying such disbursal; (2) the number of employees of each recipient and the date on which such assistance was disbursed;
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Sponsored by: Rep. Janice D. Schakowsky
Ms. Velazquez Moved To Suspend The Rules And Pass The Bill, As Amended. on 05/28/2020
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Paycheck Protection Program Improved Coordination Act of 2020 [HB-6781]
[Small Business ]
[Taxes ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
[Budget and Spending ]
Coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.
Sponsored by: Rep. Stephanie N. Murphy
Introduced In House on 05/08/2020
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Protecting the Paycheck Protection Program Act of 2020 [HB-6754]
[Taxes ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
Amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise deductible expenses and other tax incidents shall not be affected by the exclusion from gross income for loan foregiveness under the Paycheck Protection Program of such Act.
Sponsored by: Rep. Suzanne Bonamici
Introduced In House on 05/08/2020
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Caring for Startup Employees Act of 2020 [HB-6751]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
[Healthcare ]
[Public Health ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass certain small businesses that have accepted funding from an investment company. The investment company may not be a majority stakeholder of the small business, and the small business may not distribute any proceeds of a program loan to the investment company, including through dividends, redemptions, security repurchases, or other transfers or transactions.
Sponsored by: Rep. Barbara Lee
Introduced In House on 05/08/2020
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To establish requirements for funds appropriated to carry out the paycheck protection program, to require reporting on the use of such funds, and for other purposes. [HB-6758]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
[Labor, Jobs, Employment ]
[Public Health ]
Requires that specified amounts be set aside from funds appropriated to carry out the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), and it establishes requirements for processing program loan applications. The bill requires that $1 billion of program funds not otherwise obligated or expended be set aside for loan guarantees made by minority depository institutions and community development financial institutions. Further, for any future appropriations to carry out the
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Sponsored by: Rep. Sylvia Garcia
Introduced In House on 05/08/2020
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To specify the ineligibility requirements based on illegal activity or criminal record applicable to the Paycheck Protection Program and certain emergency relief programs under the CARES Act, and for other purposes. [HB-6779]
[Small Business ]
[Crime ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Criminal Justice ]
[Funding ]
[Grants ]
[Economic Development ]
Extends to specified loan applicants certain eligibility requirements for participation in SBA programs that currently apply only to intermediaries (entities that borrow funds from the Small Business Administration to make loans to small businesses). Specifically, the bill applies eligibility requirements for intermediaries that are based on illegal activity to any applicant for a loan under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
Sponsored by: Rep. Maxine Waters
Introduced In House on 05/08/2020
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PPP Small Business Support Act [HB-6755]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
[Finance ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Public Health ]
Revises reimbursement requirements pursuant to which the Small Business Administration (SBA) provides funds to lenders participating in the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill requires the SBA to give a lender that makes a paycheck protection loan a reimbursement of $1,000 for each such loan, with graduated additional amounts distributed to a lender based on the amount of the loan. The bill also provides a further reimbursement of $250
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Sponsored by: Rep. Bill Foster
Introduced In House on 05/08/2020
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CARES Windfall for the Wealthiest Repeal Act [S.3640]
[Taxes ]
[Small Business ]
[Budget and Spending ]
Restores and makes permanent the disallowance of excess business losses of noncorporate taxpayers and limits to two years the carryback of net operating losses of small businesses arising in the first taxable year beginning after August 31, 2019. The bill also permits taxpayers who expect a net operating loss after August 31, 2019, to apply for an advance carryback adjustment of prior year taxes.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/07/2020
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Rural Health Relief Act [S.3654]
[Healthcare ]
[Small Business ]
[Public Health ]
[Economic Development ]
[Funding ]
[Grants ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass public hospitals that are owned or operated by a state or local government.
Sponsored by: Sen. Deb Fischer
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/07/2020
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Protecting Our Pharmaceutical Supply Chain from China Act of 2020 [S.3635]
[Pharmaceuticals ]
[Healthcare ]
[Trade ]
[National Security ]
[Public Health ]
A bill to require the Secretary of Health and Human Services to maintain a list of the country of origin of all drugs marketed in the United States, to ban the use of Federal funds for the purchase of, or reimbursement for, drugs manufactured in China, and for other purposes.
Sponsored by: Sen. Marsha Blackburn
Read Twice And Referred To The Committee On Finance. on 05/06/2020
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FORWARD Act Furthering Our Recovery With American Research & Development Act [HB-6713]
[Taxes ]
[Small Business ]
[Social Security ]
[Education ]
[Funding ]
[Grants ]
[Economic Development ]
Makes several changes to the income tax credit for business expenses for increasing research activities. Specifically, the bill expands eligibility for the credit by increasing the maximum amount of gross receipts of an entity for the taxable year and using an eight-year (rather than five-year) period in the calculation of those amounts; removes the business credit carryforward from calculation of the payroll tax credit portion of the credit; includes among qualified research expenses wages paid in connection with research activity training expenses;
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Sponsored by: Rep. Suzan DelBene
Introduced In House on 05/05/2020