S.3612: Small Business Expense Protection Act of 2020

About This Bill

  • Introduced May 5, 2020
  • Latest Major Action May 5, 2020

Bill Version

Bill Summary

Small Business Expense Protection Act of 2020 This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business 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)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.3612.

Bill Actions

Date Description
May 5, 2020
Read twice and referred to the Committee on Finance.
May 5, 2020

Introduced in the Senate by John Cornyn (R-Texas)

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