To amend the Small Business Act to modify the paycheck protection program, and for other purposes.

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D KilmerSponsor

44 cosponsors · 39 D, 5 R

2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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).

What it does: CRS summary · Introduced in House · Apr 14, 2020

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To amend the Small Business Act to modify the paycheck protection program, and for other purposes.

Latest action (Apr 14, 2020): Referred to the House Committee on Small Business.

Policy area: Commerce · Origin: House · Introduced: Apr 14, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.