S. 3918
Referred to CommitteePaycheck Protection for Producers Act
Latest Action
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
6/9/2020 • Senate
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.
Introduced in Senate • 6/9/2020
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the Senate
Introduced
June 9, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (5)
S. 4321
Continuing Small Business Recovery and Paycheck Protection Program Act
H.R. 8265
To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program, and for other purposes.
S. 4775
Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act
S. 4773
Continuing the Paycheck Protection Program Act
H.R. 7175
Paycheck Protection for Producers Act