3.0.0 3714 2023-01-11T13:42:41Z 2023-01-11T13:42:41Z Senate S 2020-05-13 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2020-05-13T19:29:40Z PPP DEAL Act 116 6981 HR 2020-05-22 Referred to the House Committee on Small Business. Identical bill CRS 2020-05-13 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-05-13 Introduced in Senate IntroReferral 10000 9 Library of Congress M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV N R000615 Sen. Romney, Mitt [R-UT] Mitt Romney R UT 2020-05-13 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2020-05-13 True G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2020-05-13 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2020-05-13 True R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV 2020-05-21 False 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 2020-05-13 Introduced in Senate 2020-06-15T12:24:59Z 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 Short Title(s) as Introduced PPP DEAL Act Introduced in Senate IS Short Title(s) as Introduced PPP Deadline Extension Adjustment for Loans Act Introduced in Senate IS Official Title as Introduced A bill to extend the covered period for loan forgiveness and the rehiring period under the CARES Act, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-05-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3714is/xml/BILLS-116s3714is.xml 2020-05-13 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.