HR 696 United States House · 117th Congress

CARES Windfall for the Wealthiest Repeal Act

Summary

CARES Windfall for the Wealthiest Repeal Act This bill restores and makes permanent the limitation on excess businesses losses of noncorporate taxpayers. It also allows taxpayers a carryback of their net operating losses arising in 2019 and 2020.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

President

Introduced Feb 2, 2021 Last action Feb 2, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 2, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Feb 2, 2021

Introduced

Introduced in House

lower

1 primary · 31 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Bonnie Watson Coleman

Eleanor Holmes Norton