Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
116-hr-8656116th Congress
Small Business Emergency Savings Accounts Act of 2020
Sponsored By: Representative Cloud, Michael [R-TX-27]
Unknown
Summary
Small Business Emergency Savings Accounts Act of 2020 This bill allows a new tax deduction from gross income for amounts paid into a small business emergency savings account. Such savings accounts are established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary. The bill defines qualified disaster and public health emergency expenses as disaster loss replacement expenses, disaster recovery operations expenses, and public health emergency expenses.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Cloud, Michael [R-TX-27]
TX • R
Cosponsors
Rep. Weber, Randy K. Sr. [R-TX-14]
TX • R
Sponsored 10/23/2020
Rep. Gohmert, Louie [R-TX-1]
TX • R
Sponsored 10/23/2020
Rep. King, Steve [R-IA-4]
IA • R
Sponsored 10/23/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov