To amend the Internal Revenue Code of 1986 to impose a limitation on excess business losses of non-corporate taxpayers and to modify the carryback of net operating losses for certain taxable years.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Texas's 35th congressional district. Democrat.
Last Updated: Feb 2, 2021
Length: 6 pages
117th Congress (2021–2023)
This bill was introduced on February 2, 2021, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
31 Cosponsors (31 Democrats)
Feb 2, 2021
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 696 (117th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 696. This is the one from the 117th Congress.
This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2023). H.R. 696 — 117th Congress: CARES Windfall for the Wealthiest Repeal Act. Retrieved from https://www.govtrack.us/congress/bills/117/hr696
“H.R. 696 — 117th Congress: CARES Windfall for the Wealthiest Repeal Act.” www.GovTrack.us. 2021. September 27, 2023 <https://www.govtrack.us/congress/bills/117/hr696>
CARES Windfall for the Wealthiest Repeal Act, H.R. 696, 117th Cong. (2021).
|title=H.R. 696 (117th)
|accessdate=September 27, 2023
|author=117th Congress (2021)
|date=February 2, 2021
|quote=CARES Windfall for the Wealthiest Repeal Act
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.