3.0.0 4773 2021-12-29T22:23:38Z 2023-01-01T07:26:16Z Senate S 2020-09-30 116 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 Paycheck Protection for Producers Act 116 7175 HR 2020-06-11 Referred to the House Committee on Small Business. 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 8087 HR 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. 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 Paycheck Protection for Producers Act 116 3918 S 2020-06-09 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809) Related bill CRS 2020-10-01 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 562. Calendars 2020-09-30 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2020-09-30 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2020-09-30 True 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 Minority and disadvantaged businesses 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 2020-09-30 Introduced in Senate 2021-08-19T12:40:52Z Continuing the Paycheck Protection Program Act

This bill establishes funding for, expands, and provides additional economic assistance to small businesses in response to COVID-19.

Specifically, the Small Business Administration 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 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.

]]> A bill to establish the Paycheck Protection Program Second Draw Loan, and for other purposes. Display Title A bill to establish the Paycheck Protection Program Second Draw Loan, and for other purposes. Official Title as Introduced A bill to establish the Paycheck Protection Program Second Draw Loan, and for other purposes. Placed on Calendar Senate 2020-10-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4773pcs/xml/BILLS-116s4773pcs.xml 2020-10-01 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 562. 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.