S 3918 · 116th Congress 2019–2021, ended

Paycheck Protection for Producers Act

Introduced Jun 9, 2020 Originated Senate Sponsor John Thune R-SD

Fact sheet

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

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 9, 2020
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

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.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Jun 9, 2020 to Jun 15, 2020, with 1 there on the day it was introduced.

Seat	Cosponsor		Signed on
D-WI	Tammy Baldwin	Original	Jun 9, 2020
R-IA	Joni Ernst		Jun 15, 2020

Actions 2

Everything that happened, newest first.

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

Related bills 5

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 4321	Continuing Small Business Recovery and Paycheck Protection Program Act	Related bill	Jul 27, 2020
S 4773	Continuing the Paycheck Protection Program Act	Related bill	Oct 1, 2020
S 4775	Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act	Related bill	Oct 1, 2020
HR 7175	Paycheck Protection for Producers Act	Identical bill	Jun 11, 2020
HR 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.	Related bill	Sep 16, 2020

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Text 1

Each version as it was printed, newest first.

Jun 9, 2020Introduced in Senate

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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.