<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
<item congress="117" measure-type="s" measure-number="147" measure-id="id117s147" originChamber="SENATE" orig-publish-date="2021-02-02" update-date="2021-06-07">
<title>CARES Windfall for the Wealthiest Repeal Act</title>
<summary summary-id="id117s147v00" currentChamber="SENATE" update-date="2021-06-07">
<action-date>2021-02-02</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p><strong>CARES Windfall for the Wealthiest Repeal Act</strong></p> <p>This bill restores and makes permanent the limitation on excess businesses losses of noncorporate taxpayers. It also allows taxpayers a carryback of their net operating losses arising in 2019 and 2020.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<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 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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</BillSummaries>
