US HB6981 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on May 22 2020 - 25% progression, died in committee
Action: 2020-05-22 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 22 2020 - 25% progression, died in committee
Action: 2020-05-22 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.
Title
PPP DEAL Act PPP Deadline Extension Adjustment for Loans Act
Sponsors
| Rep. Conor Lamb [D-PA] | Rep. Elizabeth Fletcher [D-TX] | Rep. Brian Fitzpatrick [R-PA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-22 | House | Referred to the House Committee on Small Business. |
| 2020-05-22 | House | Introduced in House |
Same As/Similar To
SB3714 (Same As) 2020-05-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Subjects
Business expenses
Cardiovascular and respiratory health
Commerce
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
Cardiovascular and respiratory health
Commerce
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6981/all-info |
| Text | https://www.congress.gov/116/bills/hr6981/BILLS-116hr6981ih.pdf |
