HR 696 · 117th Congress · Taxation

CARES Windfall for the Wealthiest Repeal Act

Introduced 2021-02-02· Sponsored by Rep. Doggett, Lloyd [D-TX-35]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-02-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats
Rep. DeLauro, Rosa L. [D-CT-3]CT
Rep. Cohen, Steve [D-TN-9]TN
Rep. Beyer, Donald S., Jr. [D-VA-8]VA
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Bonamici, Suzanne [D-OR-1]OR
Rep. Casten, Sean [D-IL-6]IL
Rep. Chu, Judy [D-CA-27]CA
Rep. Cicilline, David N. [D-RI-1]RI
Rep. Connolly, Gerald E. [D-VA-11]VA
Rep. DeFazio, Peter A. [D-OR-4]OR
Rep. DeGette, Diana [D-CO-1]CO
Rep. Eshoo, Anna G. [D-CA-18]CA
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]IL
Rep. Garcia, Sylvia R. [D-TX-29]TX
Rep. Grijalva, Raúl M. [D-AZ-3]AZ
Rep. Hayes, Jahana [D-CT-5]CT
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Langevin, James R. [D-RI-2]RI
Rep. Lieu, Ted [D-CA-33]CA
Rep. McGovern, James P. [D-MA-2]MA