H.R.6506: To amend the Small Business Act to modify the paycheck protection program, and for other purposes.

About This Bill

  • Introduced April 14, 2020
  • Latest Major Action April 14, 2020

Bill Version

Bill Summary

This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.6506.

Bill Actions

Date Description
April 14, 2020
Referred to the House Committee on Small Business.
April 14, 2020

Introduced in the House by Derek Kilmer (D-Wash.)

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