# 116-hr-8988: Save Jobs During the Pandemic Act of 2020

116-hr-8988, Save Jobs During the Pandemic Act of 2020, is a 116th Congress bill sponsored by Sen. Kim, Andy [D-NJ] (D-NJ); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8988
- 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-8988
- Congress: 116
- Title: Save Jobs During the Pandemic Act of 2020
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-12-16
- Sponsor: Sen. Kim, Andy [D-NJ] (D-NJ)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Save Jobs During the Pandemic Act of 2020 This bill eliminates, for taxable years ending in 2020, the base erosion minimum tax rate applicable to certain large corporations that have deductions with respect to amounts paid or accrued to foreign-related parties exceeding 3% of their total deductions.

## Cosponsors (2)

- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2020-12-16T00:00:00.000Z
- PETER KING (R-NY), 2020-12-16T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7640: Local Journalism Sustainability Act
- 116-hr-7292: The COVID-19 Hospital and Health Provider Loan Forgiveness Act of 2020
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-7092: Great American Outdoors Act

## Sources
- [116-hr-8988 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8988)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7640: Local Journalism Sustainability Act](https://policyrisk.com/legislation/116-hr-7640)
- [116-hr-7292: The COVID-19 Hospital and Health Provider Loan Forgiveness Act of 2020](https://policyrisk.com/legislation/116-hr-7292)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8988 (as of 2025-11-18).