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HR 6391 116th Congress House Taxation Administrative law and regulatory procedures Business expenses Cardiovascular and respiratory health Department of the Treasury Emergency medical services and trauma care Income tax deductions Infectious and parasitic diseases Small business

To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.

Introduced: March 25, 2020 Introduced by: Schneider, Bradley Scott Democratic · Illinois See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2020
Referred to the House Committee on Ways and Means.
Mar 25, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).

What's happening now March 25, 2020

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6391: To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6391/
MLA
"H.R. 6391: To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6391/.
Bluebook (legal)
H.R. 6391, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6391/.
Markdown link
[H.R. 6391: To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.](https://openamerica.io/bill/116-HR-6391/)
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