Paycheck Protection Program Extension Act
Latest action · Jun 1, 2020 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 21, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Paycheck Protection Program Extension Act
This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) and expands the allowable uses for paycheck protection loans.
Specifically, the bill extends the deadline to apply for a paycheck protection loan to December 31, 2020, and it allows recipients up to 16 weeks to use any funds received. Within the extended 16-week period, a recipient may elect an 8-week safe harbor in which to maintain payroll and outside of which the amount of loan forgiveness shall not be reduced because of a reduction in workforce or salary and wages.
The bill also expands loan forgiveness under the program to include amounts expended on worker protection, such as physical barriers or particulate filtering respirators that are needed to comply with requirements related to sanitation, social distancing, or worker or customer safety.
Cosponsors 13
Members who signed on, in the order they did. Signatures ran from May 21, 2020 to Jun 2, 2020; 9 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Benjamin L. Cardin | Original | May 21, 2020 |
| R-CO | Cory Gardner | Original | May 21, 2020 |
| D-NH | Jeanne Shaheen | Original | May 21, 2020 |
| R-TN | Marsha Blackburn | Original | May 21, 2020 |
| R-IN | Mike Braun | Original | May 21, 2020 |
| D-IL | Richard J. Durbin | Original | May 21, 2020 |
| R-MT | Steve Daines | Original | May 21, 2020 |
| R-ME | Susan M. Collins | Original | May 21, 2020 |
| R-NC | Thom Tillis | Original | May 21, 2020 |
| D-DE | Christopher A. Coons | Jun 1, 2020 | |
| R-AZ | Martha McSally | Jun 1, 2020 | |
| R-IN | Todd Young | Jun 1, 2020 | |
| R-TN | Lamar Alexander | Jun 2, 2020 |
Actions 3
Everything that happened, newest first.
- Jun 1, 2020Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
- May 21, 2020Introduced in Senate
- May 21, 2020Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S2624 | Mitch McConnell R-KY | Jun 1, 2020 |
| Senate | Debate and remarks S2589, S2610 | Mitch McConnell R-KY, Susan M. Collins R-ME | May 21, 2020 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to extend the loan forgiveness period for the paycheck protection program, and for other purposes.
- Short Titles as Introduced
- Paycheck Protection Program Extension Act
- Short Title(s) from PCS (Placed on Senate Calendar) bill text
- Paycheck Protection Program Extension Act
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Jun 1, 2020Placed on Calendar Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
