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Paycheck Protection Program Improved Coordination Act of 2020

Introduced: May 8, 2020 Introduced by: Pappas, Chris Democratic · New Hampshire See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 8, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Paycheck Protection Program Improved Coordination Act of 2020

This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.

What's happening now May 8, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2