S 3918
116th Congress
Senate
Commerce
Agricultural prices, subsidies, credit
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
Paycheck Protection for Producers Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
Jun 9, 2020
Introduced in Senate
Plain-English summary
Paycheck Protection for Producers Act
This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income.
Under current law, such farmers must calculate their paycheck protection loan amount based on net income.
What's happening now
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
Committees of jurisdiction
1