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- H.R.7175
H.R.7175: Paycheck Protection for Producers Act
About This Bill
- Introduced June 11, 2020
- Latest Major Action June 11, 2020
Bill Sponsor
Bill Cosponsors
16 (7 Democrats, 9 Republicans)
Bill Version
- Introduced in House - June 11, 2020
Bill Summary
Paycheck Protection for Producers Act This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income. Under current law, such farmers must calculate their paycheck protection loan amount based on net income.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 11, 2020 |
Referred to the House Committee on Small Business.
|
| June 11, 2020 |
Introduced in the House by Ron Kind (D-Wis.) |