# 116-hr-6391: To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.

116-hr-6391, To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes., is a 116th Congress bill sponsored by Rep. Schneider, Bradley Scott [D-IL-10] (D-IL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6391
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6391
- Congress: 116
- Title: To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-03-25
- Sponsor: Rep. Schneider, Bradley Scott [D-IL-10] (D-IL)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).

## Related bills

- 116-hr-8944: AT HOME Learning Act
- 116-hr-8930: E–QUIP Act
- 116-hr-8929: Default Proceed Sale Transparency Act
- 116-hr-8840: Medicare Sequester COVID Moratorium Act
- 116-hr-8812: Relief for Working Families Act of 2020
- 116-hr-8805: Retail Revitalization Act of 2020

## Sources
- [116-hr-6391 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6391)

## Related
- [116-hr-8944: AT HOME Learning Act](https://policyrisk.com/legislation/116-hr-8944)
- [116-hr-8930: E–QUIP Act](https://policyrisk.com/legislation/116-hr-8930)
- [116-hr-8929: Default Proceed Sale Transparency Act](https://policyrisk.com/legislation/116-hr-8929)
- [116-hr-8840: Medicare Sequester COVID Moratorium Act](https://policyrisk.com/legislation/116-hr-8840)
- [116-hr-8812: Relief for Working Families Act of 2020](https://policyrisk.com/legislation/116-hr-8812)
- [116-hr-8805: Retail Revitalization Act of 2020](https://policyrisk.com/legislation/116-hr-8805)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6391 (as of 2025-11-18).