II 116th CONGRESS 1st Session S. 1996 IN THE SENATE OF THE UNITED STATES June 26, 2019 Ms. McSally (for herself, Ms. Sinema , Mrs. Blackburn , Mr. Cornyn , and Mr. Alexander ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to clarify the application of the net operating loss deduction.