S 3865
116th Congress
Senate
Commerce
Administrative law and regulatory procedures
Business expenses
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Criminal procedure and sentencing
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Small Business Administration
Small business
Wages and earnings
Paycheck Protection Program Second Chance Act
Introduced: June 2, 2020
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2020
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
Jun 2, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 2, 2020
Introduced in Senate
Plain-English summary
Paycheck Protection Program Second Chance Act
This bill requires specified treatment of certain criminal violations under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill provides that an entity shall not be ineligible for a paycheck protection loan if certain owners have prior arrests or convictions, unless the owner (1) is incarcerated as of the date of the loan application, or (2) has been convicted of a felony of financial fraud or deception during the five-year period prior to the loan application.
What's happening now
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
Committees of jurisdiction
1