,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fdbd  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ca1 #bjbj,mr4
 ,moulton 7for himself and ,mr4         
,schneider7 introduced the following    
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to extend the charitable       
deduction to all taxpayers regardless of
 whether a taxpayer itemizes deductions 
in order to encourage and increase      
charitable giving1 and to provide for   
loans and loan guarantees to certain    
public charities4  #a4 ,universal       
deduction for charitable giving  7a7 ,in
 general ,section #fb7;a7 of the        
,internal ,revenue ,code of #aihf is    
amended by inserting after paragraph    
7#ba7 the following new paragraph3      
7#bb7 ,charitable contributions ,the    
deduction allowed by section #agj       
7reduced by the portion thereof         
disallowed under section #fh74  4  7b7  
,application of overall limitation on   
itemized deductions ,section #fh of such

 ,code is amended by adding at the end  
the following new subsection3  7g7      
,application to deduction for charitable
 contributions  7#a7 ,in general ,for   
purposes of this section1 the deduction 
allowed by section #agj shall be treated
 as an itemized deduction4  7#b7        
,application of limitation to           
above-the-line deduction ,for purposes  
of section #fb7;a77#bb71 the portion of 
the deduction allowed by section #agj   
for any taxable year which is disallowed
 under this section is the portion      
bearing the same ratio as-- 7,a7 the    
amount of the reduction under subsection
 7a7 for such taxable year1 bears to    
7,b7 the amount of the itemized         
deductions otherwise allowable for such 
taxable year4  4  7c7 ,conforming       
amendment ,section #agj7;b77#a77;,h7 of 
such ,code is amended by inserting this 
section and after computed without      
regard to4  7d7 ,effective date  7#a7   
,in general ,the amendments made by this
 section shall apply to taxable years   

beginning after the date of the         
enactment of this ,act4  7#b7 ,cross    
reference ,for suspension of the        
application of section #fh of the       
,internal ,revenue ,code of #aihf       
7including the amendments to such       
section made by subsection 7b771 see    
section #fh7;f7 of such ,code4  #b4     
,loans and loan guarantees to certain   
public charities  7a7 ,in general ,upon 
the application of any organization     
described in section #eja7;c77#c7 of the
 ,internal ,revenue ,code of #aihf and  
exempt from tax under section #eja7;a7  
of such ,code1 the ,secretary of the    
,treasury 7or the ,secretary's delegate7
 shall1 subject to the provisions of    
this section1 make or guarantee a loan  
to such organization4  7b7 ,limitation  
on aggregate amount loans ,the aggregate
 amount of loans made or guaranteed     
under this section shall not exceed     
#fj1jjj1jjj1jjj4  7c7 ,criteria ,in     
carrying out this section1 the          
,secretary 7or the ,secretary's         

delegate7 shall give priority to        
eligible organizations that are         
providing direct assistance in the      
,,covid-#ai response effort4  7d7       
,appropriation ,there are hereby        
appropriated for the fiscal year ending 
on ,september #cj1 #bjjb1 to the        
,secretary of the ,treasury such sums as
 may be necessary to carry out this     
section1 which sums shall remain        
available until expended4