Paycheck Protection Program Second Chance Act
Latest action · Jun 10, 2020 Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
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.
- IntroducedJun 2, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Paycheck Protection Program Second Chance Act
This bill requires specified treatment of certain criminal violations under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill provides that an entity shall not be ineligible for a paycheck protection loan if certain owners have prior arrests or convictions, unless the owner (1) is incarcerated as of the date of the loan application, or (2) has been convicted of a felony of financial fraud or deception during the five-year period prior to the loan application.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Jun 2, 2020 to Jul 2, 2020, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Benjamin L. Cardin | Original | Jun 2, 2020 |
| D-NJ | Cory A. Booker | Original | Jun 2, 2020 |
| R-OK | James Lankford | Original | Jun 2, 2020 |
| R-IA | Joni Ernst | Jun 17, 2020 | |
| D-IL | Tammy Duckworth | Jun 29, 2020 | |
| R-CO | Cory Gardner | Jul 2, 2020 |
Actions 3
Everything that happened, newest first.
- Jun 10, 2020Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
- Jun 2, 2020Introduced in Senate
- Jun 2, 2020Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4818 | Heroes Small Business Lifeline Act | Related bill | Dec 10, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Administrative law and regulatory procedures
- Business expenses
- Cardiovascular and respiratory health
- Commerce
- Criminal procedure and sentencing
- Emergency medical services and trauma care
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Small business
- Small Business Administration
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Jun 2, 2020Introduced in 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.