US HB696 | 2021-2022 | 117th Congress
Status
Spectrum: Partisan Bill (Democrat 32-0)
Status: Introduced on February 2 2021 - 25% progression, died in committee
Action: 2021-02-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2021 - 25% progression, died in committee
Action: 2021-02-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to impose a limitation on excess business losses of non-corporate taxpayers and to modify the carryback of net operating losses for certain taxable years.
Title
CARES Windfall for the Wealthiest Repeal Act
Sponsors
| Rep. Lloyd Doggett [D-TX] | Rep. Rosa DeLauro [D-CT] | Rep. Steve Cohen [D-TN] | Rep. Don Beyer [D-VA] |
| Rep. Earl Blumenauer [D-OR] | Rep. Suzanne Bonamici [D-OR] | Rep. Sean Casten [D-IL] | Rep. Judy Chu [D-CA] |
| Rep. David Cicilline [D-RI] | Rep. Gerald Connolly [D-VA] | Rep. Peter DeFazio [D-OR] | Rep. Diana DeGette [D-CO] |
| Rep. Anna Eshoo [D-CA] | Rep. Jesus Garcia [D-IL] | Rep. Sylvia Garcia [D-TX] | Rep. Raul Grijalva [D-AZ] |
| Rep. Jahana Hayes [D-CT] | Rep. Marcy Kaptur [D-OH] | Rep. James Langevin [D-RI] | Rep. Ted Lieu [D-CA] |
| Rep. James McGovern [D-MA] | Rep. Jerrold Nadler [D-NY] | Rep. Eleanor Norton [D-DC] | Rep. Chellie Pingree [D-ME] |
| Rep. Mark Pocan [D-WI] | Rep. Tim Ryan [D-OH] | Rep. John Sarbanes [D-MD] | Rep. Mary Gay Scanlon [D-PA] |
| Rep. Janice Schakowsky [D-IL] | Rep. Paul Tonko [D-NY] | Rep. Bonnie Coleman [D-NJ] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-02 | House | Referred to the House Committee on Ways and Means. |
| 2021-02-02 | House | Introduced in House |
Same As/Similar To
SB147 (Same As) 2021-02-02 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/117th-congress/house-bill/696/all-info |
| Text | https://www.congress.gov/117/bills/hr696/BILLS-117hr696ih.pdf |
