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- S.3596
S.3596: Safeguarding Small Business Act
About This Bill
- Introduced May 4, 2020
- Latest Major Action May 4, 2020
Bill Sponsor
Bill Cosponsors
5 (1 Democrat, 4 Republicans)
Bill Version
- Introduced in Senate - May 4, 2020
Bill Summary
Safeguarding Small Business Act This bill 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).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 4, 2020 |
Read twice and referred to the Committee on Finance.
|
| May 4, 2020 |
Introduced in the Senate by Mike Braun (R-Ind.) |