H.R. 7838 · 117th Congress
Paycheck Protection Program Fairness for Engineering Services Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BrownSponsor9 cosponsors · 5 D, 4 R
R
Katko
AC
D
Carson
MN
D
Newman
RD
R
Davis
PS
R
Stauber
BP
D
Pascrell
KS
D
Schrier
BW
R
Wenstrup
EL
D
Luria1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Paycheck Protection Program Fairness for Engineering Services Act
What it does: CRS summary · Introduced in House · May 19, 2022
Paycheck Protection Program Fairness for Engineering Services Act
This bill exempts until June 30, 2025, certain contractors that receive federal highway or public transportation funding from having to adjust costs associated with their contracts to account for loan forgiveness through the Paycheck Protection Program (PPP). (The PPP provided small businesses with loans for payroll and other costs to respond to the COVID-19 emergency with loan forgiveness under certain conditions.)
Under current law, a contractor with a cost-reimbursable contract must reduce costs or provide cash refunds to the Department of Transportation (or a state department of transportation) if the contractor receives or accrues any income, rebate, allowance, or other credit relating to an allowable contract cost, which includes PPP loan forgiveness.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Paycheck Protection Program Fairness for Engineering Services Act
Latest action (May 20, 2022): Referred to the Subcommittee on Highways and Transit.
Policy area: Transportation and Public Works · Origin: House · Introduced: May 19, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.