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S 3865 116th Congress Senate Commerce Administrative law and regulatory procedures Business expenses Cardiovascular and respiratory health Criminal procedure and sentencing Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Small Business Administration Small business Wages and earnings

Paycheck Protection Program Second Chance Act

Introduced: June 2, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 June 10, 2020

Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.

 Related & companion bills 1
  • S 4818 Related bill Heroes Small Business Lifeline Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2 Republican 2
D
Duckworth, Tammy
Illinois · Jun 29, 2020
 R
Ernst, Joni
Iowa · Jun 17, 2020
 D
Booker, Cory A.
New Jersey · Jun 2, 2020
 R
Lankford, James
Oklahoma · Jun 2, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3865: Paycheck Protection Program Second Chance Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-3865/
MLA
"S. 3865: Paycheck Protection Program Second Chance Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3865/.
Bluebook (legal)
S. 3865, 116th Cong. (2026), https://openamerica.io/bill/116-S-3865/.
Markdown link
[S. 3865: Paycheck Protection Program Second Chance Act](https://openamerica.io/bill/116-S-3865/)
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