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S 4268 116th Congress Senate Taxation Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Employment taxes Government lending and loan guarantees Infectious and parasitic diseases Small business Wages and earnings

Employer Assistance Coordination Act

Introduced: July 22, 2020 Introduced by: Hassan, Margaret Wood 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
Jul 22, 2020
Read twice and referred to the Committee on Finance.
Jul 22, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

Employer Assistance Coordination Act

This bill permits certain small employers who participate in the Payroll Protection Program established to assist such employers adversely affected by the COVID-19 (i.e., coronavirus disease 2019) public health emergency to also claim the refundable employee retention tax credit if their businesses have experienced a significant reduction in revenue or have closed pursuant to a government order. The bill prohibits employers from using funds from both programs based upon the same wages paid to their employees.

What's happening now July 22, 2020

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1