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- H.R.6886
H.R.6886: Paycheck Protection Program Flexibility Act of 2020
About This Bill
- Introduced May 15, 2020
- Latest Major Action May 15, 2020
Bill Sponsor
Bill Cosponsors
65 (38 Democrats, 27 Republicans)
Bill Version
- Introduced in House - May 15, 2020
Bill Summary
Paycheck Protection Program Flexibility Act of 2020 This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining balance after the application of forgiveness. The bill also extends the...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
May 15, 2020 |
Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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.
|
May 15, 2020 |
Introduced in the House by Chip Roy (R-Texas) |