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United States · Bill · S

S. 4125 (116th)

Paycheck Protection Program Extension and Modification Act of 2020

referredUnited States· United States Congress· EN

Introduced

1 July 2020

Last action

Status

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Paycheck Protection Program Extension and Modification Act of 2020 This bill extends through December 31, 2020, the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), and it authorizes additional lending under the program. Specifically, the bill authorizes an additional program loan to be made to a prior recipient of a paycheck protection loan. Such additional loan shall be (1) used for allowable expenses under the program, (2) guaranteed in the same manner as a paycheck protection loan, and (3) eligible for forgiveness under the program.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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