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United States · Bill · HR

H.R. 8265 (116th)

To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

16 September 2020

Last action

16 September 2020 · Introduced

Status

Referred to the Committee on Small Business, and in addition to the Committee on the Judiciary, 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.

Sponsors

Rep. Chabot, Steve [R-OH-1], Rep. Balderson, Troy [R-OH-12], Rep. Rouzer, David [R-NC-7], Rep. Scalise, Steve [R-LA-1], Rep. Kustoff, David [R-TN-8], Rep. Diaz-Balart, Mario [R-FL-26], Rep. Herrera Beutler, Jaime [R-WA-3], Rep. Walorski, Jackie [R-IN-2], Rep. Marchant, Kenny [R-TX-24], Rep. Pence, Greg [R-IN-6], Rep. Latta, Robert E. [R-OH-5], Rep. Bucshon, Larry [R-IN-8], Rep. McMorris Rodgers, Cathy [R-WA-5], Jim Hagedorn, Rep. Scott, Austin [R-GA-8], Rep. Rutherford, John H. [R-FL-5], Rep. Higgins, Clay [R-LA-3], Rep. Gooden, Lance [R-TX-5], Rep. Walberg, Tim [R-MI-5], Rep. Brady, Kevin [R-TX-8], Rep. Granger, Kay [R-TX-12], Rep. Young, Don [R-AK-At Large], Rep. Guthrie, Brett [R-KY-2], Rep. Hill, J. French [R-AR-2], Rep. Hudson, Richard [R-NC-8], Rep. Amodei, Mark E. [R-NV-2], Rep. Stivers, Steve [R-OH-15], Rep. Posey, Bill [R-FL-8], Rep. Gallagher, Mike [R-WI-8], Rep. Green, Mark E. [R-TN-7], Rep. Dunn, Neal P. [R-FL-2], Rep. Wenstrup, Brad R. [R-OH-2], Rep. Bilirakis, Gus M. [R-FL-12], Rep. Griffith, H. Morgan [R-VA-9], Rep. Miller, Carol D. [R-WV-1], Ron Wright, Sen. Marshall, Roger [R-KS], Rep. Brooks, Susan W. [R-IN-5], Rep. Flores, Bill [R-TX-17], Rep. Crenshaw, Dan [R-TX-2], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. LaMalfa, Doug [R-CA-1], Rep. Stauber, Pete [R-MN-8], Rep. Van Drew, Jefferson [R-NJ-2], Van Taylor, Rep. Moolenaar, John R. [R-MI-2], Rep. Long, Billy [R-MO-7], Rep. Waltz, Michael [R-FL-6]

Subjects

Agriculture

Source updated

10 January 2026

Agriculture

Official sourceDownload fileView documentsShare

Summary

This bill establishes funding for, expands, and provides additional economic assistance to small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the Small Business Administration is authorized to provide second draw loans of up to $2 million under the Paycheck Protection Program. A recipient shall be eligible for forgiveness of a second draw loan in the same manner as an initial paycheck protection loan. Further the bill modifies the Paycheck Protection Program by, among other things, (1) expanding forgivable expenses, (2) allowing borrowers to select an eight-week period through December 31, 2020, to use their paycheck protection loan, (3) simplifying the forgiveness application for smaller loans, (4) expanding eligibility to certain chambers of commerce and destination marketing organizations, and (5) establishing a specific loan calculation for farmers and ranchers.

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

Timeline

  1. 16 September 2020

    Introduced

    Referred to the Committee on Small Business, and in addition to the Committee on the Judiciary, 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

  2. 16 September 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 September 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 September 2020

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  • Introduced in House (PDF)

    Introduced in House · EN · 16 September 2020

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  • Introduced in House

    summary · EN · 16 September 2020

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Sponsors

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Sources

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