HR 6506
116th Congress
House
Commerce
Appropriations
Business expenses
Business investment and capital
Cardiovascular and respiratory health
Emergency medical services and trauma care
Executive agency funding and structure
Government lending and loan guarantees
Infectious and parasitic diseases
Small Business Administration
Small business
Wages and earnings
To amend the Small Business Act to modify the paycheck protection program, and for other purposes.
Introduced: April 14, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2020
Referred to the House Committee on Small Business.
Apr 14, 2020
Introduced in House
Plain-English summary
This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1