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- S.1232
S.1232: A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.
About This Bill
- Introduced April 20, 2021
- Latest Major Action April 20, 2021
Bill Sponsor
Bill Version
- Introduced in Senate - April 20, 2021
Bill Summary
This bill modifies the calculation of loan amounts for partnerships with no employees (e.g., self-employed farmers) under the Paycheck Protection Program, which was established to support small businesses in response to COVID-19. Specifically, the bill allows such individuals to apply for a loan in the amount of the difference between their gross and net income loan amounts, even if they have already received a loan based on their net income...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 20, 2021 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
April 20, 2021 |
Introduced in the Senate by Tammy Baldwin (D-Wis.) |