# 116-hr-7556: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

116-hr-7556, To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research., is a 116th Congress bill sponsored by Rep. Nunes, Devin [R-CA-22] (R-CA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

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## Facts
- Bill: 116-hr-7556
- Congress: 116
- Title: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-07-09
- Sponsor: Rep. Nunes, Devin [R-CA-22] (R-CA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill allows certain small businesses whose gross receipts do not exceed $1 million a refundable portion of the tax credit for increasing research activities if such businesses are engaging in specified medical research. It defines specified medical research as any qualified research with respect to qualified countermeasures. A qualified countermeasure is a drug, biological product, or device that is determined to be a priority (1) to diagnose, mitigate, prevent, or treat harm from any biological agent (including organisms that cause an infectious disease) or toxin, chemical, radiological, or nuclear agent that may cause a public health emergency affecting national security; (2) to diagnose, mitigate, prevent, or treat harm from a condition that may result in adverse health consequences or death and may be caused by administering a drug, biological product, or device; or (3) is a product or technology intended to enhance the use or effect of a drug, biological product, or device.

## Related bills

- 116-hr-8986: To designate the facility of the United States Postal Service located at 120 4th Street in Petaluma, California, as the "Lynn C. Woolsey Post Office Building".
- 116-hr-7905: EASE Act
- 116-hr-7787: Invest Now Act
- 116-hr-7555: To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
- 116-hr-7278: JUSTICE Act
- 116-hr-7181: Holding China Accountable Act

## Sources
- [116-hr-7556 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7556)

## Related
- [116-hr-8986: To designate the facility of the United States Postal Service located at 120 4t…](https://policyrisk.com/legislation/116-hr-8986)
- [116-hr-7905: EASE Act](https://policyrisk.com/legislation/116-hr-7905)
- [116-hr-7787: Invest Now Act](https://policyrisk.com/legislation/116-hr-7787)
- [116-hr-7555: To amend the Internal Revenue Code of 1986 to add a new medical research compon…](https://policyrisk.com/legislation/116-hr-7555)
- [116-hr-7278: JUSTICE Act](https://policyrisk.com/legislation/116-hr-7278)
- [116-hr-7181: Holding China Accountable Act](https://policyrisk.com/legislation/116-hr-7181)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7556 (as of 2025-11-18).