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- S.3714
S.3714: PPP DEAL Act
About This Bill
- Introduced May 13, 2020
- Latest Major Action May 13, 2020
Bill Sponsor
Bill Cosponsors
5 (3 Democrats, 2 Republicans)
Bill Version
- Introduced in Senate - May 13, 2020
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 13, 2020 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| May 13, 2020 |
Introduced in the Senate by Joe Manchin III (D-W.Va.) |