# 116-hr-8965: New Markets Stabilization Act

116-hr-8965, New Markets Stabilization Act, is a 116th Congress bill sponsored by Rep. Sewell, Terri A. [D-AL-7] (D-AL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8965
- 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-8965
- Congress: 116
- Title: New Markets Stabilization Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-12-14
- Sponsor: Rep. Sewell, Terri A. [D-AL-7] (D-AL)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

New Markets Stabilization Act This bill modifies provisions of the new markets tax credit (NMTC). Specifically, it increases and extends the NMTC limitation through 2022 and allows a carryback of the credit for five years. The bill also exempts the NMTC from the 75% general business credit limitation, revises debt modification rules for NMTC issuers and borrowers, and permanently exempts the NMTC from the alternative minimum tax.

## Cosponsors (1)

- Rep. Reed, Tom [R-NY-23] (R-NY), 2020-12-14T00:00:00.000Z

## Related bills

- 116-hr-8893: Coronavirus Assistance for American Families Act
- 116-hr-8696: Securing a Strong Retirement Act of 2020
- 116-hr-8345: Air Carrier Worker Support Extension Act of 2020
- 116-hr-7947: Supporting Foster Youth and Families through the Pandemic Act
- 116-hr-7481: RESTART Act
- 116-hr-7197: RESTAURANTS Act of 2020

## Sources
- [116-hr-8965 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8965)

## Related
- [116-hr-8893: Coronavirus Assistance for American Families Act](https://policyrisk.com/legislation/116-hr-8893)
- [116-hr-8696: Securing a Strong Retirement Act of 2020](https://policyrisk.com/legislation/116-hr-8696)
- [116-hr-8345: Air Carrier Worker Support Extension Act of 2020](https://policyrisk.com/legislation/116-hr-8345)
- [116-hr-7947: Supporting Foster Youth and Families through the Pandemic Act](https://policyrisk.com/legislation/116-hr-7947)
- [116-hr-7481: RESTART Act](https://policyrisk.com/legislation/116-hr-7481)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8965 (as of 2025-11-18).