S 3793
116th Congress
Senate
Taxation
Appropriations
Bankruptcy
Cardiovascular and respiratory health
Congressional oversight
Department of the Treasury
Disability assistance
Emergency medical services and trauma care
Employee benefits and pensions
Employment taxes
Government information and archives
Government studies and investigations
Government trust funds
Health care costs and insurance
Income tax credits
Infectious and parasitic diseases
Internal Revenue Service (IRS)
Labor-management relations
Small business
Social security and elderly assistance
Paycheck Security Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2020
Read twice and referred to the Committee on Finance.
May 21, 2020
Introduced in Senate
Plain-English summary
Paycheck Security Act
This bill modifies and increases the employee retention tax credit, allows a refundable payroll tax credit for the operating costs of employers, and provides a rebate in 2020 for certain small businesses and other business entities.
The bill also authorizes additional appropriations to carry out the provisions of this bill and to provide for oversight by the Inspector General for Tax Administration of the Department of the Treasury. The Government Accountability Office must report on the effectiveness of the operative provisions of this bill.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1