United States · Bill · S
S. 4489 (116th)
Paycheck Protection Program Integrity Act of 2020
Introduced
6 August 2020
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Paycheck Protection Program Integrity Act of 2020 This bill modifies loan forgiveness under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill reduces the amount of loan forgiveness by (1) the amount of a recipient's after-tax income, or (2) the increase in net assets if the recipient is a nonprofit organization. A recipient seeking loan forgiveness must submit documentation verifying after-tax income and net assets to determine any paycheck protection loan repayment. Further, the bill requires the disclosure of paycheck protection loan information in accordance with applicable laws.
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 6 August 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 6 August 2020
Introduced in Senate
summary · EN · 6 August 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4489
- Open data entity: https://api.congress.gov/v3/bill/116/s/4489