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- S.3918
S.3918: Paycheck Protection for Producers Act
About This Bill
- Introduced June 9, 2020
- Latest Major Action June 9, 2020
Bill Sponsor
Bill Version
- Introduced in Senate - June 9, 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)
Bill Actions
| Date | Description |
|---|---|
| June 9, 2020 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| June 9, 2020 |
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
|
| June 9, 2020 |
Introduced in the Senate by John Thune (R-S.D.) |