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    <number>7734</number>
    <updateDate>2023-01-11T13:45:52Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:45:52Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2020-07-23</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 166, Number 130 (Thursday, July 23, 2020)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. ARRINGTON:H.R. 7734.Congress has the power to enact this legislation pursuantto the following:``The Congress enacts this bill pursuant to Section 7&8 ofArticle I of the United State Constitution.''[Page H3838]</pre>]]></constitutionalAuthorityStatementText>
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        <title>Building Businesses Back Act of 2020</title>
        <congress>116</congress>
        <number>4290</number>
        <type>S</type>
        <latestAction>
          <actionDate>2020-07-23</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <text>Referred to the Subcommittee on Select Revenue Measures.</text>
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        <actionDate>2020-07-23</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <actionDate>2020-07-23</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <bioguideId>A000375</bioguideId>
        <fullName>Rep. Arrington, Jodey C. [R-TX-19]</fullName>
        <firstName>Jodey</firstName>
        <lastName>Arrington</lastName>
        <party>R</party>
        <state>TX</state>
        <middleName>C.</middleName>
        <district>19</district>
        <isByRequest>N</isByRequest>
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        <fullName>Rep. Reed, Tom [R-NY-23]</fullName>
        <firstName>Tom</firstName>
        <lastName>Reed</lastName>
        <party>R</party>
        <state>NY</state>
        <district>23</district>
        <sponsorshipDate>2020-07-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>W000815</bioguideId>
        <fullName>Rep. Wenstrup, Brad R. [R-OH-2]</fullName>
        <firstName>Brad</firstName>
        <lastName>Wenstrup</lastName>
        <party>R</party>
        <state>OH</state>
        <middleName>R.</middleName>
        <district>2</district>
        <sponsorshipDate>2020-07-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>L000585</bioguideId>
        <fullName>Rep. LaHood, Darin [R-IL-18]</fullName>
        <firstName>Darin</firstName>
        <lastName>LaHood</lastName>
        <party>R</party>
        <state>IL</state>
        <district>18</district>
        <sponsorshipDate>2020-07-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001172</bioguideId>
        <fullName>Rep. Smith, Adrian [R-NE-3]</fullName>
        <firstName>Adrian</firstName>
        <lastName>Smith</lastName>
        <party>R</party>
        <state>NE</state>
        <district>3</district>
        <sponsorshipDate>2020-07-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>W000814</bioguideId>
        <fullName>Rep. Weber, Randy K., Sr. [R-TX-14]</fullName>
        <firstName>Randy</firstName>
        <lastName>Weber</lastName>
        <party>R</party>
        <state>TX</state>
        <middleName>K.</middleName>
        <district>14</district>
        <sponsorshipDate>2020-07-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000813</bioguideId>
        <fullName>Rep. Walorski, Jackie [R-IN-2]</fullName>
        <firstName>Jackie</firstName>
        <lastName>Walorski</lastName>
        <party>R</party>
        <state>IN</state>
        <district>2</district>
        <sponsorshipDate>2020-07-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001065</bioguideId>
        <fullName>Rep. Holding, George [R-NC-2]</fullName>
        <firstName>George</firstName>
        <lastName>Holding</lastName>
        <party>R</party>
        <state>NC</state>
        <district>2</district>
        <sponsorshipDate>2020-07-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001072</bioguideId>
        <fullName>Rep. Hill, J. French [R-AR-2]</fullName>
        <firstName>J.</firstName>
        <lastName>Hill</lastName>
        <party>R</party>
        <state>AR</state>
        <middleName>French</middleName>
        <district>2</district>
        <sponsorshipDate>2020-08-04</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001082</bioguideId>
        <fullName>Rep. Hern, Kevin [R-OK-1]</fullName>
        <firstName>Kevin</firstName>
        <lastName>Hern</lastName>
        <party>R</party>
        <state>OK</state>
        <district>1</district>
        <sponsorshipDate>2020-08-11</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>E000298</bioguideId>
        <fullName>Rep. Estes, Ron [R-KS-4]</fullName>
        <firstName>Ron</firstName>
        <lastName>Estes</lastName>
        <party>R</party>
        <state>KS</state>
        <district>4</district>
        <sponsorshipDate>2020-09-15</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
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        <bioguideId>B001305</bioguideId>
        <fullName>Rep. Budd, Ted [R-NC-13]</fullName>
        <firstName>Ted</firstName>
        <lastName>Budd</lastName>
        <party>R</party>
        <state>NC</state>
        <district>13</district>
        <sponsorshipDate>2020-09-21</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001108</bioguideId>
        <fullName>Rep. Comer, James [R-KY-1]</fullName>
        <firstName>James</firstName>
        <lastName>Comer</lastName>
        <party>R</party>
        <state>KY</state>
        <district>1</district>
        <sponsorshipDate>2020-10-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000392</bioguideId>
        <fullName>Rep. Kustoff, David [R-TN-8]</fullName>
        <firstName>David</firstName>
        <lastName>Kustoff</lastName>
        <party>R</party>
        <state>TN</state>
        <district>8</district>
        <sponsorshipDate>2020-10-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001180</bioguideId>
        <fullName>Rep. McKinley, David B. [R-WV-1]</fullName>
        <firstName>David</firstName>
        <lastName>McKinley</lastName>
        <party>R</party>
        <state>WV</state>
        <middleName>B.</middleName>
        <district>1</district>
        <sponsorshipDate>2020-11-20</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Business expenses</name>
        </item>
        <item>
          <name>Income tax credits</name>
        </item>
        <item>
          <name>Tax administration and collection, taxpayers</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2020-07-23</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2020-09-03T16:28:04Z</updateDate>
        <text><![CDATA[ <p><b>Building Businesses Back Act of 2020</b></p> <p>This bill allows taxpayers an election to increase the amount of their general business tax credit for taxable years ending in 2019 or 2020.</p>]]></text>
      </summary>
    </summaries>
    <title>Building Businesses Back Act of 2020</title>
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        <titleType>Display Title</titleType>
        <title>Building Businesses Back Act of 2020</title>
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      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <title>Building Businesses Back Act of 2020</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To provide much needed liquidity to America's job creators.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
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    </titles>
    <textVersions>
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        <type>Introduced in House</type>
        <date>2020-07-23T04:00:00Z</date>
        <formats>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr7734ih/xml/BILLS-116hr7734ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2020-07-23</actionDate>
      <text>Referred to the Subcommittee on Select Revenue Measures.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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