Paycheck Protection for Producers Act

Fact Sheet API

Bill Number

S 3918

Introduced

Jun 9, 2020

Latest Action

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)

Sponsor

Cosponsors

Topics

Agricultural prices, subsidies, credit Business expenses Cardiovascular and respiratory health Commerce Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Small business Wages and earnings

Full Text

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Votes

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.

Actions

Jun 9, 2020

Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
Jun 9, 2020

Introduced in Senate

Amendments

Related Bills