Paycheck Protection Program Improved Coordination Act of 2020

Bill Number

HR 6781

Introduced

May 8, 2020

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subs ...

Sponsor

Cosponsors

Topics

Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Employment taxes Government lending and loan guarantees Infectious and parasitic diseases Small business Taxation Wages and earnings

Full Text

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Votes

Summary

Paycheck Protection Program Improved Coordination Act of 2020

This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.

Actions

May 8, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 8, 2020

Introduced in House

Amendments

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