I'll provide a quick overview of the proposals in the bill. Loss carry-back: under existing tax loss continuity rules, business losses can be carried forward to reduce taxable income in future years. This helps prevent over-taxation, but, for businesses facing difficult times ahead, carrying the loss forward postpones the benefit of being able to claim losses and means that a business would still incur a tax liability from the previous year. Carrying a loss forward also carries the risk that a business may lose that loss through ownership changes, which is especially relevant in a time where ownership adjustments may be required to support businesses. 