US HB2452 | 2009-2010 | 111th Congress

Status

Sponsorship: Bipartisan Bill
Status: Introduced on May 15 2009 - 25% progression, died in committee
Action: 2009-05-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Net Operating Loss (NOL) Carryback Act - Amends the Internal Revenue Code to allow a five-year carryback of net operating losses, including the operating losses of life insurance companies, incurred in 2008 and 2009. Denies such extended loss carryover period to: (1) taxpayers in whom the federal government acquires an equity interest under the Emergency Economic Stabilization Act of 2008; (2) the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (3) members of certain affiliated groups.

Tracking Information

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Title

Net Operating Loss (NOL) Carryback Act

Sponsors

Rep. Neil Abercrombie [D-HI]Rep. John Adler [D-NJ]Rep. Michael Arcuri [D-NY]Rep. Steve Austria [R-OH]
Rep. Joe Baca [D-CA]Rep. Michele Bachmann [R-MN]Rep. John Barrow [D-GA]Rep. Roscoe Bartlett [R-MD]
Rep. Joe Barton [R-TX]Rep. Melissa Bean [D-IL]Rep. Shelley Berkley [D-NV]Rep. Judy Biggert [R-IL]
Rep. Brian Bilbray [R-CA]Rep. Gus Bilirakis [R-FL]Rep. Rob Bishop [R-UT]Rep. Sanford Bishop [D-GA]
Rep. Timothy Bishop [D-NY]Sen. Marsha Blackburn [R-TN]Sen. Roy Blunt [R-MO]Rep. John Boccieri [D-OH]
Rep. Mary Bono Mack [R-CA]Rep. Leonard Boswell [D-IA]Rep. Rick Boucher [D-VA]Rep. Charles Boustany [R-LA]
Rep. Kevin Brady [R-TX]Rep. Bruce Braley [D-IA]Rep. Ginny Brown-Waite [R-FL]Rep. Vern Buchanan [R-FL]
Rep. Dan Burton [R-IN]Rep. G. Butterfield [D-NC]Rep. John Campbell [R-CA]Rep. Eric Cantor [R-VA]
Rep. Lois Capps [D-CA]Rep. Michael Capuano [D-MA]Rep. Dennis Cardoza [D-CA]Rep. Christopher Carney [D-PA]
Rep. Andre Carson [D-IN]Sen. Bill Cassidy [R-LA]Rep. Jason Chaffetz [R-UT]Rep. Travis Childers [D-MS]
Rep. Howard Coble [R-NC]Rep. Mike Coffman [R-CO]Rep. Michael Conaway [R-TX]Rep. Gerald Connolly [D-VA]
Rep. Jim Costa [D-CA]Rep. Jerry Costello [D-IL]Rep. Joe Courtney [D-CT]Rep. Ander Crenshaw [R-FL]
Rep. Joseph Crowley [D-NY]Rep. Henry Cuellar [D-TX]Rep. John Culberson [R-TX]Rep. Kathleen Dahlkemper [D-PA]
Rep. Artur Davis [D-AL]Rep. Danny Davis [D-IL]Rep. Geoff Davis [R-KY]Rep. Nathan Deal [R-GA]
Rep. Lincoln Diaz-Balart [R-FL]Rep. Mario Diaz-Balart [R-FL]Rep. John Duncan [R-TN]Rep. Anna Eshoo [D-CA]
Rep. Bob Etheridge [D-NC]Rep. Sam Farr [D-CA]Rep. John Fleming [R-LA]Rep. Virginia Foxx [R-NC]
Rep. Marcia Fudge [D-OH]Rep. Scott Garrett [R-NJ]Rep. Gabrielle Giffords [D-AZ]Rep. Phil Gingrey [R-GA]
Rep. Louie Gohmert [R-TX]Rep. Charles Gonzalez [D-TX]Rep. Bob Goodlatte [R-VA]Rep. Kay Granger [R-TX]
Rep. Alan Grayson [D-FL]Rep. Gene Green [D-TX]Rep. Brett Guthrie [R-KY]Rep. Ralph Hall [R-TX]
Rep. Deborah Halvorson [D-IL]Rep. Jane Harman [D-CA]Sen. Dean Heller [R-NV]Rep. Jeb Hensarling [R-TX]
Rep. Wally Herger [R-CA]Rep. Brian Higgins [D-NY]Rep. Paul Hodes [D-NH]Rep. Rush Holt [D-NJ]
Rep. Michael Honda [D-CA]Rep. Duncan Hunter [R-CA]Rep. Steve Israel [D-NY]Rep. Henry Johnson [D-GA]
Rep. Walter Jones [R-NC]Rep. Jim Jordan [R-OH]Rep. Patrick Kennedy [D-RI]Rep. Mary Kilroy [D-OH]
Rep. Ron Kind [D-WI]Rep. Steve King [R-IA]Sen. Mark Kirk [R-IL]Rep. Ron Klein [D-FL]
Rep. Suzanne Kosmas [D-FL]Rep. Frank Kratovil [D-MD]Rep. Doug Lamborn [R-CO]Rep. Leonard Lance [R-NJ]
Rep. James Langevin [D-RI]Rep. John Larson [D-CT]Rep. Tom Latham [R-IA]Rep. Steven LaTourette [R-OH]
Rep. Robert Latta [R-OH]Rep. Christopher Lee [R-NY]Rep. Sander Levin [D-MI]Rep. John Lewis [D-GA]
Rep. John Linder [R-GA]Rep. Frank LoBiondo [R-NJ]Rep. Zoe Lofgren [D-CA]Rep. Nita Lowey [D-NY]
Rep. Blaine Luetkemeyer [R-MO]Rep. Connie Mack [R-FL]Rep. Daniel Maffei [D-NY]Rep. Carolyn Maloney [D-NY]
Rep. Kenny Marchant [R-TX]Rep. Betsy Markey [D-CO]Rep. Doris Matsui [D-CA]Rep. Kevin McCarthy [R-CA]
Rep. Patrick McHenry [R-NC]Rep. Howard McKeon [R-CA]Rep. Michael McMahon [D-NY]Rep. Jerry McNerney [D-CA]
Rep. Kendrick Meek [D-FL]Rep. Charlie Melancon [D-LA]Rep. Michael Michaud [D-ME]Rep. Brad Miller [D-NC]
Rep. Jeff Miller [R-FL]Rep. Walter Minnick [D-ID]Rep. Harry Mitchell [D-AZ]Rep. Dennis Moore [D-KS]
Rep. James Moran [D-VA]Rep. Patrick Murphy [R-PA]Rep. Sue Myrick [R-NC]Rep. Richard Neal [D-MA]
Rep. Devin Nunes [R-CA]Rep. Glenn Nye [D-VA]Rep. Glenn Nye [D-VA]Rep. Pete Olson [R-TX]
Rep. Solomon Ortiz [D-TX]Rep. Frank Pallone [D-NJ]Rep. Bill Pascrell [D-NJ]Rep. Ron Paul [R-TX]
Rep. Donald Payne [D-NJ]Sen. Gary Peters [D-MI]Rep. Thomas Petri [R-WI]Rep. Joseph Pitts [R-PA]
Rep. Jared Polis [D-CO]Rep. Bill Posey [R-FL]Rep. Tom Price [R-GA]Rep. Adam Putnam [R-FL]
Rep. David Reichert [R-WA]Rep. Laura Richardson [D-CA]Rep. Ciro Rodriguez [D-TX]Rep. David Roe [R-TN]
Rep. Thomas Rooney [R-FL]Rep. Ileana Ros-Lehtinen [R-FL]Rep. Peter Roskam [R-IL]Rep. Steven Rothman [D-NJ]
Rep. Edward Royce [R-CA]Rep. C.A. Ruppersberger [D-MD]Rep. Tim Ryan [D-OH]Rep. John Salazar [D-CO]
Rep. Loretta Sanchez [D-CA]Rep. Aaron Schock [R-IL]Rep. Allyson Schwartz [D-PA]Rep. David Scott [D-GA]
Rep. Pete Sessions [R-TX]Rep. Joe Sestak [D-PA]Rep. Brad Sherman [D-CA]Rep. Albio Sires [D-NJ]
Rep. Adam Smith [D-WA]Rep. Christopher Smith [R-NJ]Rep. Lamar Smith [R-TX]Rep. Zachary Space [D-OH]
Rep. John Spratt [D-SC]Rep. Cliff Stearns [R-FL]Rep. John Tanner [D-TN]Rep. Bennie Thompson [D-MS]
Rep. Glenn Thompson [R-PA]Rep. Mike Thompson [D-CA]Rep. Patrick Tiberi [R-OH]Rep. Dina Titus [D-NV]
Rep. Edolphus Towns [D-NY]Rep. Michael Turner [R-OH]Sen. Chris Van Hollen [D-MD]Rep. Peter Visclosky [D-IN]
Rep. Debbie Wasserman Schultz [D-FL]Rep. Diane Watson [D-CA]Rep. Anthony Weiner [D-NY]Sen. Peter Welch [D-VT]
Rep. Lynn Westmoreland [R-GA]Rep. Robert Wexler [D-FL]Rep. Charles Wilson [D-OH]Rep. Joe Wilson [R-SC]
Rep. Robert Wittman [R-VA]Rep. Frank Wolf [R-VA]Rep. John Yarmuth [D-KY]

History

DateChamberAction
2009-05-15 Referred to the House Committee on Ways and Means.
2009-05-15 Sponsor introductory remarks on measure. (CR E1180)

Same As/Similar To

HB4013 (Related) 2009-11-03 - Referred to the House Committee on Ways and Means.
SB156 (Related) 2009-01-06 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S139)
SB350 (Related) 2009-01-30 - Star Print ordered on the bill.
SB823 (Same As) 2009-04-02 - Read twice and referred to the Committee on Finance.
SB1835 (Related) 2009-10-22 - Read twice and referred to the Committee on Finance.
SB1937 (Related) 2009-10-27 - Read twice and referred to the Committee on Finance.

Subjects


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