H.R. 9383: Small Business and Consumer Credit Act of 2026

H.R. 9383 is a federal bill in the 119th Congress. Before this bill, certain financial institutions followed standard rules for handling net operating losses, which are losses that occur when business expenses exceed taxable revenue. Under current tax law, companies generally cannot carry these losses… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.