S. 3612: Small Business Expense Protection Act of 2020

116th Congress · introduced 2020-05-05 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2020-05-05 · official record
Who proposed it: Sen. Cornyn, John [R-TX] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Small Business Expense Protection Act of 2020

Plain summary

Small Business Expense Protection Act of 2020 This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business expenses and other tax incidents shall not be affected by the exclusion from gross income of amounts related to loan forgiveness received in response to COVID-19 (i.e., coronavirus disease 2019).

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Small Business Expense Protection Act of 2020

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Cornyn, John [R-TX] · 41 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Chuck Grassley (R-IA), Ron Wyden (D-OR), Catherine Cortez Masto (D-NV), Steve Daines (R-MT), Jacky Rosen (D-NV), Mike Crapo (R-ID), John Thune (R-SD), James E. Risch (R-ID), Richard Blumenthal (D-CT), Roger F. Wicker (R-MS), Bill Cassidy (R-LA), Jeff Merkley (D-OR), James Lankford (R-OK), Jerry Moran (R-KS), Shelley Moore Capito (R-WV), Mike Rounds (R-SD), Deb Fischer (R-NE), Marsha Blackburn (R-TN), John Kennedy (R-LA), Lisa Murkowski (R-AK), Thom Tillis (R-NC), Kevin Cramer (R-ND), John Barrasso (R-WY), Susan M. Collins (R-ME), Tammy Baldwin (D-WI), Todd Young (R-IN), Amy Klobuchar (D-MN)

Sponsor's campaign money: Sen. Cornyn, John [R-TX] reported raising $8.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116s3612.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/s>

Record fed-us-cong116-s3612 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116