Paycheck Protection Program Small Business Enhancement Act

Summary

Paycheck Protection Program Small Business Enhancement Act This bill extends the duration of, authorizes subsequent loans under, and otherwise modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill extends the Paycheck Protection Program through December 31, 2020. It also authorizes a recipient of a paycheck protection loan to apply for a subsequent loan made under the same terms, conditions, and process, and for which the recipient shall be eligible for forgiveness in the same manner, as an initial paycheck protection loan. Further, the bill expands program eligibility to include (1) organizations such as business leagues and chambers of commerce, and (2) franchisors or franchisees that employ not more than 500 employees per physical location. The bill also prohibits the use of program amounts for lobbying activities and makes eligible expenses tax deductible. In addition, the bill provides for an abbreviated process for forgiveness of a paycheck protection loan that is not more than $150,000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 31 July 2020

   Referred

   Referred to the Subcommittee on Select Revenue Measures.

   Source: Committee

2. 31 July 2020

   Introduced

   Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 31 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

4. 31 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 July 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 July 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 July 2020

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 31 July 2020

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Curtis, John R. [R-UT] · R · Sponsor
• Rep. Roy, Chip [R-TX-21] · R · Sponsor
• Rep. Van Drew, Jefferson [R-NJ-2] · R · Sponsor
• Rep. Meuser, Daniel [R-PA-9] · R · Sponsor
• Rep. Wild, Susan [D-PA-7] · D · Sponsor
• Rep. Armstrong, Kelly [R-ND-At Large] · R · Cosponsor
• Rep. Cunningham, Joe [D-SC-1] · D · Cosponsor
• Rep. Cuellar, Henry [D-TX-28] · D · Cosponsor
• Rep. Hern, Kevin [R-OK-1] · R · Cosponsor
• Rep. Harris, Andy [R-MD-1] · R · Cosponsor
• Rep. Phillips, Dean [D-MN-3] · D · Cosponsor
• · hswm00 · Standing
• · hssm00 · Standing

Related records

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