S.Amdt. 2646

SA 2646. Mr. CORNYN submitted an amendment intended to be proposed to
amendment SA 2499 proposed by Mr. McConnell to the bill S. 178, to
condemn gross human rights violations of ethnic Turkic Muslims in
Xinjiang, and calling for an end to arbitrary detention, torture, and
harassment of these communities inside and outside China; which was
ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. CLARIFICATION OF TREATMENT OF BUSINESS EXPENSES.

(a) In General.--Subsection (i) of section 1106 of the
CARES Act (Public Law 116-136) is amended--
(1) by striking ``1986, any amount'' and inserting ``1986--
``(1) any amount'',
(2) by striking the period at the end and inserting ``,
and'', and
(3) by adding at the end the following new paragraph:
``(2) no deduction shall be denied or reduced, no tax
attribute shall be reduced, and no basis increase shall be
denied, by reason of the exclusion from gross income provided
by paragraph (1).''.
(b) Effective Date.--The amendments made by this section
shall apply as if included in the enactment of section 1106
of the CARES Act (Public Law 116-136).
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