S. 3833 · 116th Congress
A bill to extend the loan forgiveness period for 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.
R
RubioSponsor13 cosponsors · 4 D, 9 R
R
Blackburn
MB
R
Braun
BC
D
Cardin
SC
R
Collins
RD
D
Durbin
SD
R
Daines
CG
R
Gardner
JS
D
Shaheen
TT
R
Tillis
CC
D
Coons
MM
R
McSally
TY
R
Young
LA
R
Alexander9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) and expands the allowable uses for paycheck protection loans.
What it does: CRS summary · Introduced in Senate · May 21, 2020
Paycheck Protection Program Extension Act
This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) and expands the allowable uses for paycheck protection loans.
Specifically, the bill extends the deadline to apply for a paycheck protection loan to December 31, 2020, and it allows recipients up to 16 weeks to use any funds received. Within the extended 16-week period, a recipient may elect an 8-week safe harbor in which to maintain payroll and outside of which the amount of loan forgiveness shall not be reduced because of a reduction in workforce or salary and wages.
The bill also expands loan forgiveness under the program to include amounts expended on worker protection, such as physical barriers or particulate filtering respirators that are needed to comply with requirements related to sanitation, social distancing, or worker or customer safety.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to extend the loan forgiveness period for the paycheck protection program, and for other purposes.
Latest action (Jun 1, 2020): Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
Policy area: Commerce · Origin: Senate · Introduced: May 21, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.