3.0.0 6981 2023-01-11T13:42:50Z 2023-01-11T13:42:50Z House HR 2020-05-22 116 [Congressional Record Volume 166, Number 97 (Friday, May 22, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LAMB:H.R. 6981.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H2278]]]> hssm00 Small Business Committee House Standing Referred to 2020-05-22T15:07:20Z PPP DEAL Act 116 3714 S 2020-05-13 Read twice and referred to the Committee on Small Business and Entrepreneurship. Identical bill CRS 2020-05-22 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-05-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-22 Introduced in House IntroReferral 1000 9 Library of Congress L000588 Rep. Lamb, Conor [D-PA-17] Conor Lamb D PA 17 N F000468 Rep. Fletcher, Lizzie [D-TX-7] Lizzie Fletcher D TX 7 2020-05-22 True F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2020-05-22 True Commerce Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Small business Wages and earnings Commerce 00 2020-05-22 Introduced in House 2020-06-18T11:51:13Z PPP Deadline Extension Adjustment for Loans Act or the PPP DEAL Act

This bill modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.

]]> PPP DEAL Act Display Title PPP DEAL Act Official Title as Introduced To extend the covered period for loan forgiveness and the rehiring period under the CARES Act, and for other purposes. Introduced in House IH Short Title(s) as Introduced PPP DEAL Act Introduced in House IH Short Title(s) as Introduced PPP Deadline Extension Adjustment for Loans Act Introduced in House IH Introduced in House 2020-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6981ih/xml/BILLS-116hr6981ih.xml 2020-05-22 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.