,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cfab  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #e1       
#bjbj,mr4 ,cornyn 7for himself1 ,mr4    
,grassley1 ,mr4 ,wyden1 ,mr4 ,rubio1 and
 ,mr4 ,carper7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to clarify for purposes of the       
,internal ,revenue ,code of #aihf that  
receipt of coronavirus assistance does  
not affect the tax treatment of ordinary
 business expenses4  #a4 ,short title   
,this ,act may be cited as the ,small   
,business ,expense ,protection ,act of  
#bjbj4  #b4 ,clarification of treatment 
of business expenses  7a7 ,in general   
,subsection 7i7 of section #aajf of the 
,,cares ,act 7,public ,law #aaf-acf7 is 
amended-- 7#a7 by striking #aihf1 any   
amount and inserting 8#aihf--  7#a7 any 
amount  1  7#b7 by striking the period  
at the end and inserting 1 and1 and     
7#c7 by adding at the end the following 
new paragraph3  7#b7 no deduction shall 

be denied or reduced1 no tax attribute  
shall be reduced1 and no basis increase 
shall be denied1 by reason of the       
exclusion from gross income provided by 
paragraph 7#a74  4  7b7 ,effective date 
,the amendments made by this section    
shall apply as if included in the       
enactment of section #aajf of the       
,,cares ,act 7,public ,law #aaf-acf74