This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Introduced in House
Referred to the House Committee on Small Business.
Commerce
AppropriationsBusiness expensesBusiness investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careExecutive agency funding and structureGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessSmall Business AdministrationWages and earnings
To amend the Small Business Act to modify the paycheck protection program, and for other purposes.
USA116th CongressHR-6506| House
| Updated: 4/14/2020
This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.
AppropriationsBusiness expensesBusiness investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careExecutive agency funding and structureGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessSmall Business AdministrationWages and earnings