HR 6579 · 116th Congress 2019–2021, ended

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.

Introduced Apr 21, 2020 Originated House Sponsor Lloyd Doggett D-TX

Fact sheet

Latest action · Apr 21, 2020 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedApr 21, 2020
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

This bill 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.

Cosponsors 56

Members who signed on, in the order they did. Signatures ran from Apr 21, 2020 to Oct 13, 2020, with 13 there on the day it was introduced.

Seat	Cosponsor		Signed on
D-VA	Donald S. Beyer, Jr.	Original	Apr 21, 2020
D-OR	Earl Blumenauer	Original	Apr 21, 2020
D-MN	Ilhan Omar	Original	Apr 21, 2020
D-MD	Jamie Raskin	Original	Apr 21, 2020
D-IL	Janice D. Schakowsky	Original	Apr 21, 2020
D-WI	Mark Pocan	Original	Apr 21, 2020
D-OR	Peter A. DeFazio	Original	Apr 21, 2020
D-VT	Peter Welch	Original	Apr 21, 2020
D-WA	Pramila Jayapal	Original	Apr 21, 2020
D-CA	Ro Khanna	Original	Apr 21, 2020
D-CT	Rosa L. DeLauro	Original	Apr 21, 2020
D-TN	Steve Cohen	Original	Apr 21, 2020
D-PA	Susan Wild	Original	Apr 21, 2020
D-NY	Alexandria Ocasio-Cortez		Apr 24, 2020
D-MA	Ayanna Pressley		Apr 24, 2020

Show all 56 cosponsors

Actions 2

Everything that happened, newest first.

Apr 21, 2020Introduced in House
Apr 21, 2020Referred to the House Committee on Ways and Means.

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 3640	CARES Windfall for the Wealthiest Repeal Act	Related bill	May 7, 2020

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Apr 21, 2020Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.