United States · Bill · S
S. 3865 (116th)
Paycheck Protection Program Second Chance Act
Introduced
2 June 2020
Last action
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Status
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
Sponsors
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Subjects
Discovery layer
Source updated
2 April 2025
Summary
Paycheck Protection Program Second Chance Act This bill requires specified treatment of certain criminal violations under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides that an entity shall not be ineligible for a paycheck protection loan if certain owners have prior arrests or convictions, unless the owner (1) is incarcerated as of the date of the loan application, or (2) has been convicted of a felony of financial fraud or deception during the five-year period prior to the loan application.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 2 June 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 2 June 2020
Introduced in Senate
summary · EN · 2 June 2020
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/3865
- Open data entity: https://api.congress.gov/v3/bill/116/s/3865