I 
116TH CONGRESS 
2D SESSION 
H. R. 6408 
To extend the charitable deduction to all taxpayers regardless of whether 
a taxpayer itemizes deductions in order to encourage and increase chari-
table giving, and to provide for loans and loan guarantees to certain 
public charities. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 27, 2020 
Mr. MOULTON (for himself, Mr. FITZPATRICK, Ms. SLOTKIN, Mr. LAHOOD, 
Mr. MCGOVERN, Mr. LYNCH, Mr. KILMER, Mrs. TRAHAN, and Mr. 
ROUDA) introduced the following bill; which was referred to the Com-
mittee on Ways and Means 
A BILL 
To extend the charitable deduction to all taxpayers regardless 
of whether a taxpayer itemizes deductions in order to 
encourage and increase charitable giving, and to provide 
for loans and loan guarantees to certain public charities. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. UNIVERSAL DEDUCTION FOR CHARITABLE GIV-
ING. 
(a) IN GENERAL.—Section 62(a) of the Internal Rev-
enue Code of 1986 is amended by inserting after para-
graph (21) the following new paragraph: 
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‘‘(22) CHARITABLE CONTRIBUTIONS.—The de-
duction allowed by section 170 (reduced by the por-
tion thereof disallowed under section 68).’’. 
(b) APPLICATION
OF
OVERALL
LIMITATION
ON 
ITEMIZED DEDUCTIONS.—Section 68 of such Code is 
amended by adding at the end the following new sub-
section: 
‘‘(g) APPLICATION TO DEDUCTION FOR CHARITABLE 
CONTRIBUTIONS.— 
‘‘(1) IN GENERAL.—For purposes of this sec-
tion, the deduction allowed by section 170 shall be 
treated as an itemized deduction. 
‘‘(2) APPLICATION OF LIMITATION TO ABOVE- 
THE-LINE
DEDUCTION.—For purposes of section 
62(a)(22), the portion of the deduction allowed by 
section 170 for any taxable year which is disallowed 
under this section is the portion bearing the same 
ratio as— 
‘‘(A) the amount of the reduction under 
subsection (a) for such taxable year, bears to 
‘‘(B) the amount of the itemized deduc-
tions otherwise allowable for such taxable 
year.’’. 
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(c) 
CONFORMING
AMENDMENT.—Section 
170(b)(1)(H) of such Code is amended by inserting ‘‘this 
section and’’ after ‘‘computed without regard to’’. 
(d) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
this section shall apply to taxable years beginning 
after the date of the enactment of this Act. 
(2) CROSS REFERENCE.—For suspension of the 
application of section 68 of the Internal Revenue 
Code of 1986 (including the amendments to such 
section made by subsection (b)), see section 68(f) of 
such Code. 
SEC. 2. LOANS AND LOAN GUARANTEES TO CERTAIN PUB-
LIC CHARITIES. 
(a) IN GENERAL.—Upon the application of any orga-
nization described in section 501(c)(3) of the Internal 
Revenue Code of 1986 and exempt from tax under section 
501(a) of such Code, the Secretary of the Treasury (or 
the Secretary’s delegate) shall, subject to the provisions 
of this section, make or guarantee a loan to such organiza-
tion. 
(b) LIMITATION ON AGGREGATE AMOUNT LOANS.— 
The aggregate amount of loans made or guaranteed under 
this section shall not exceed $60,000,000,000. 
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(c) CRITERIA.—In carrying out this section, the Sec-
retary (or the Secretary’s delegate) shall give priority to 
eligible organizations that are providing direct assistance 
in the COVID-19 response effort. 
(d) APPROPRIATION.—There are hereby appropriated 
for the fiscal year ending on September 30, 2002, to the 
Secretary of the Treasury such sums as may be necessary 
to carry out this section, which sums shall remain avail-
able until expended. 
Æ 
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