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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Title(s) as Introduced

Safeguarding Small Business Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to make technical corrections to the CARES Act to remove all tax liability associated with loan forgiveness under the Paycheck Protection Program.

Actions Overview (1)

Date Actions Overview
05/04/2020Introduced in Senate

All Actions (1)

Date All Actions
05/04/2020Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (5)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Loeffler, Kelly [R-GA]* 05/04/2020
Sen. Hoeven, John [R-ND]* 05/04/2020
Sen. Murkowski, Lisa [R-AK]* 05/04/2020
Sen. Sullivan, Dan [R-AK] 05/14/2020
Sen. Jones, Doug [D-AL] 08/05/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Finance05/04/2020 Referred to

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Latest Summary (1)

There is one summary for S.3596. View summaries

Shown Here:
Introduced in Senate (05/04/2020)

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).