United States · Bill · HR
H.R. 6816 (116th)
Promoting Flexibility for Small Business Owners Act
Introduced
12 May 2020
Last action
—
Status
Referred to the House Committee on Small Business.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Promoting Flexibility for Small Business Owners Act This bill extends certain deadlines related to loan forgiveness that are applicable to a loan recipient under the Paycheck Protection Program, which was established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill extends by at least one month the covered period during which a loan recipient must spend the loan to be eligible for loan forgiveness. The bill also extends by one month the deadline for a small business to rehire employees or eliminate salary or wage reductions to be eligible for loan forgiveness. The bill authorizes the Small Business Administration, after considering specified criteria, to further extend the deadline for rehiring employees or eliminating salary or wage reductions for entities within certain industry categories.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 12 May 2020
Introduced in House (PDF)
Introduced in House · EN · 12 May 2020
Introduced in House
summary · EN · 12 May 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/6816
- Open data entity: https://api.congress.gov/v3/bill/116/hr/6816