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- S.3711
S.3711: A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.
About This Bill
- Introduced Feb. 28, 2022
- Latest Major Action Feb. 28, 2022
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Version
- Introduced in Senate - Feb. 28, 2022
Bill Summary
This bill exempts until June 30, 2025, certain contractors that receive federal highway or public transportation funding from having to adjust costs associated with their contracts to account for loan forgiveness through the Paycheck Protection Program (PPP). (The PPP provided small businesses with loans for payroll and other costs to respond to the COVID-19 emergency with loan forgiveness under certain conditions.) Under current law, a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 28, 2022 |
Read twice and referred to the Committee on Environment and Public Works.
|
| Feb. 28, 2022 |
Introduced in the Senate by Mike Braun (R-Ind.) |