Business Expenses
US Congress 116th Congress
Small Business Expense Protection Act of 2020 [S.3612]
[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: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. on 05/05/2020
Spread the world
Gettr US Congress 116th Congress
To amend the Small Business Act to include certain critical access hospitals in the paycheck protection program, and for other purposes. [HB-6716]
[Healthcare ]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Public Health ]
[Economic Development ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass critical access hospitals. A critical access hospital is a hospital that, among other things, is located in a rural area, furnishes 24-7 emergency services, and has 25 or fewer inpatient beds.
Sponsored by: Rep. Jared Golden
Introduced In House on 05/05/2020
Spread the world
US Congress 116th Congress
Transparency and Oversight of COVID–19 Small Business Assistance Act [S.3604]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Public Health ]
[Economic Development ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Data Privacy ]
[Consumer Protection ]
Requires the Small Business Administration (SBA) to report specified data on economic relief programs implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must daily report the total number and dollar amount of loans or grants approved and disbursed under programs such as the paycheck protection program and the emergency grants program; daily report the amount of remaining authority and funds appropriated for such programs and an estimate of the date on which such funds will be depleted; weekly report the number
(continued...)
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/05/2020
Spread the world
US Congress 116th Congress
Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020 [HB-6697]
[Small Business ]
[Tourism ]
[Labor, Jobs, Employment ]
[Taxes ]
[Economic Development ]
[Funding ]
[Grants ]
Modifies the Paycheck Protection Program implemented by the Small Business Administration in response to COVID-19 (i.e., coronavirus disease 2019) to include certain entities and exclude certain individuals. Specifically, the bill expands the program to encompass organizations with 300 or fewer employees that (1) operate under section 501(c)(6) of the Internal Revenue Code (other than a professional football league), or (2) are a destination marketing organization engaged in promoting communities and facilities to businesses and leisure travelers.
(continued...)
Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 05/05/2020
Spread the world
US Congress 116th Congress
Safeguarding Small Business Act [S.3596]
[Small Business ]
[Taxes ]
[Budget and Spending ]
[Economic Development ]
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).
Sponsored by: Sen. Dan Sullivan
Read Twice And Referred To The Committee On Finance. on 05/04/2020
Spread the world
US Congress 116th Congress
FORWARD Act Furthering Our Recovery With American Research & Development Act [S.3593]
[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;
(continued...)
Sponsored by: Sen. Steve Daines
Read Twice And Referred To The Committee On Finance. on 05/04/2020
Spread the world
US Congress 116th Congress
To amend the CARES Act to increase the authority for commitments and appropriations for paycheck protection program, and for other purposes. [HB-6672]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Healthcare ]
[Public Health ]
[Economic Development ]
Temporarily provides increased authority for appropriations to fund certain Small Business Administration commitments for loans, including loans made under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). The authority provided by this bill ends 90 days after the date on which the COVID-19 emergency is no longer in effect.
Sponsored by: Rep. Al Green
Introduced In House on 05/01/2020
Spread the world
US Congress 116th Congress
Bring Entrepreneurial Advancements To Consumers Here In North America Act [HB-6690]
[Pharmaceuticals ]
[Healthcare ]
[Manufacturing ]
[Economic Development ]
[Taxes ]
[Trade ]
[Small Business ]
Allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.
Sponsored by: Rep. Paul A. Gosar
Introduced In House on 05/01/2020
Spread the world
US Congress 116th Congress
To amend the Internal Revenue Code of 1986 to allow certain taxpayers a 2-year carryback of net operating losses and to restore and make permanent the limitation on excess business losses of non-corporate taxpayers. [HB-6579]
[Taxes ]
[Small Business ]
Makes permanent the limitation on excess business losses of noncorporate taxpayers and allows certain taxpayers a two-year carryback of net operating losses arising in 2020.
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 04/21/2020
Spread the world
US Congress 116th Congress
Rural Health Relief Act [HB-6569]
[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: Rep. Mike Johnson
Introduced In House on 04/21/2020
Spread the world
US Congress 116th Congress
PPP Expansion Act of 2020 Paycheck Protection Program Expansion Act of 2020 [HB-6522]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass additional entities including (1) labor, agricultural, or horticultural organizations; and (2) nonprofit business leagues, chambers of commerce, and boards of trade.
Sponsored by: Rep. Thomas R. Suozzi
Introduced In House on 04/17/2020
Spread the world
US Congress 116th Congress
To amend the Small Business Act to modify the paycheck protection program, and for other purposes. [HB-6506]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Public Health ]
[Economic Development ]
Modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.
Sponsored by: Rep. Ann M. Kuster
Introduced In House on 04/14/2020
Spread the world
US Congress 116th Congress
Protecting Our Pharmaceutical Supply Chain from China Act of 2020 [HB-6482]
[Pharmaceuticals ]
[Healthcare ]
[Trade ]
[National Security ]
[Public Health ]
[Funding ]
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 drugs manufactured in China, and for other purposes.
Sponsored by: Rep. Andy Biggs
Referred To The Subcommittee On Oversight And Investigations. on 07/13/2020
Spread the world
US Congress 116th Congress
To amend the Small Business Act to expand eligibility for the paycheck protection program, and for other purposes. [HB-6475]
[Small Business ]
[Labor, Jobs, Employment ]
[Gaming ]
[Funding ]
[Public Health ]
[Economic Development ]
Expands eligibility for the Paycheck Protection Program, through which the Small Business Administration may temporarily guarantee certain loans to small businesses during the COVID-19 (i.e., coronavirus disease 2019) pandemic, to include (1) financial businesses primarily engaged in the business of lending, and (2) legal gambling businesses.
Sponsored by: Rep. Lacy Clay
Introduced In House on 04/10/2020
Spread the world
US Congress 116th Congress
Made in America Emergency Preparedness Act [HB-6431]
[Healthcare ]
[Public Health ]
[Manufacturing ]
[Pharmaceuticals ]
[National Security ]
[Funding ]
[Grants ]
[Economic Development ]
[Budget and Spending ]
[Taxes ]
[Disaster Relief ]
Establishes in the legislative branch a National Commission on United States Preparedness for National Emergencies. Not later than 18 months after this bill's enactment, the commission shall report to the President and Congress regarding (1) which medical, pharmaceutical, and emergency preparedness products are determined to be essential; and (2) actions states should take to be better prepared, national federal stockpile requirements, and national surge capacity infrastructure deficiencies in hospitals and medical centers. States that fail to implement
(continued...)
Sponsored by: Rep. Thomas R. Suozzi
Referred To The Subcommittee On Emergency Preparedness, Response, And Recovery. on 06/01/2020
Spread the world
US Congress 116th Congress
Responsible Relief for Americans Act [HB-6396]
[Small Business ]
[Healthcare ]
[Taxes ]
[Pharmaceuticals ]
[Labor, Jobs, Employment ]
[Public Health ]
[Funding ]
[Grants ]
[Economic Development ]
[Insurance ]
[Disaster Relief ]
Revises and establishes economic assistance measures in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides funding for and authorizes the Small Business Administration (SBA) to guarantee paycheck protection loans made to small businesses. Recipients of such loans are eligible for forgiveness of amounts expended for specified costs such as payroll. Small businesses may request an advance of up $10,000 on an SBA disaster loan for which they have applied in response to COVID-19. Further the bill requires the SBA
(continued...)
Sponsored by: Rep. Andy Biggs
Referred To The Subcommittee On Economic Opportunity. on 09/30/2020
Spread the world
US Congress 116th Congress
To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes. [HB-6391]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).
Sponsored by: Rep. Bradley S. Schneider
Introduced In House on 03/25/2020
Spread the world
US Congress 116th Congress
Small Business Assistance Act of 2020 [HB-6354]
[Small Business ]
[Taxes ]
[Finance ]
[Economic Development ]
To amend the Internal Revenue Code of 1986 to provide a one-time emergency tax credit to small businesses to cover rent and mortgage payments.
Sponsored by: Rep. Terri A. Sewell
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes. [HB-6348]
[Small Business ]
[Race and Civil Rights ]
[Funding ]
[Grants ]
[Economic Development ]
Requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses. Interest earned on grant funds deposited into an interest-bearing account may be obligated and expended to carry out the grant's purposes. The Government Accountability Office shall carry out a biennial audit of the initiative and issue a report to Congress and the Minority Business Development Agency.
Sponsored by: Rep. Maxine Waters
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
Protecting Our Pharmaceutical Supply Chain from China Act of 2020 [S.3537]
[Pharmaceuticals ]
[Healthcare ]
[Trade ]
[National Security ]
[Public Health ]
[Funding ]
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 drugs manufactured in China, and for other purposes.
Sponsored by: Sen. Marsha Blackburn
Read Twice And Referred To The Committee On Finance. on 03/19/2020