3.0.0 8087 2023-01-11T13:45:24Z 2023-01-11T13:45:24Z House HR 2020-08-22 116 [Congressional Record Volume 166, Number 149 (Saturday, August 22, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CHABOT:H.R. 8087.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H4301]]]> hsap00 Appropriations Committee House Standing Referred to 2020-08-22T14:01:05Z hsbu00 Budget Committee House Standing Referred to 2020-08-22T14:01:00Z hsju00 Judiciary Committee House Standing Referred to 2020-08-22T14:00:50Z hssm00 Small Business Committee House Standing Referred to 2020-08-22T14:00:45Z Continuing Small Business Recovery and Paycheck Protection Program Act 116 4321 S 2020-07-27 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS 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. 116 8265 HR 2020-09-16 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. Related bill CRS A bill to provide continued emergency assistance, educational support, and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. 116 4775 S 2020-10-01 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 564. Related bill CRS A bill to establish the Paycheck Protection Program Second Draw Loan, and for other purposes. 116 4773 S 2020-10-01 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 562. Related bill CRS 2020-08-22 Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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. IntroReferral H11100 2 House floor actions hsap00 Appropriations Committee 2020-08-22 Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2020-08-22 Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2020-08-22 Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-08-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-08-22 Introduced in House IntroReferral 1000 9 Library of Congress C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 N Commerce Accounting and auditing Administrative law and regulatory procedures Agricultural prices, subsidies, credit Appropriations Bankruptcy Business ethics Business expenses Cardiovascular and respiratory health Computers and information technology Congressional oversight Corporate finance and management Emergency medical services and trauma care Employee benefits and pensions Farm Credit Administration Government lending and loan guarantees Government studies and investigations Infectious and parasitic diseases Life, casualty, property insurance Public participation and lobbying Religion Small Business Administration Small business Social work, volunteer service, charitable organizations Tax-exempt organizations Temporary and part-time employment Veterans' organizations and recognition Wages and earnings Worker safety and health Commerce 00 2020-08-22 Introduced in House 2021-02-10T20:39:06Z 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 (SBA) 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.

]]> 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. Display Title 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. Official Title as Introduced 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. Introduced in House IH Introduced in House 2020-08-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8087ih/xml/BILLS-116hr8087ih.xml 2020-08-22 Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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. 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.