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- S.1200
S.1200: Fair PPP Accounting Act
About This Bill
- Introduced April 19, 2021
- Latest Major Action April 19, 2021
Bill Sponsor
Bill Version
- Introduced in Senate - April 19, 2021
Bill Summary
Fair PPP Accounting Act This bill modifies eligibility for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides for a period of 90 consecutive days to determine whether a borrower experienced a loss in revenue from 2019 to 2020 that qualifies them for a second draw loan. Currently, this qualification period must...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 19, 2021 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| April 19, 2021 |
Introduced in the Senate by Rob Portman (R-Ohio) |