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Continuing the Paycheck Protection Program Act

Introduced: September 30, 2020 Introduced by: Collins, Susan M. Republican · Maine 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
Oct 1, 2020
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 562.
Sep 30, 2020
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Sep 30, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Continuing the Paycheck Protection Program Act

This bill establishes funding for, expands, and provides additional economic assistance to small businesses in response to COVID-19.

Specifically, the Small Business Administration is authorized to provide second draw loans of up to $2 million under the Paycheck Protection Program. A recipient shall be eligible for forgiveness of a second draw loan in the same manner as an initial paycheck protection loan.

Further the bill modifies the Paycheck Protection Program by, among other things, (1) expanding forgivable expenses, (2) allowing borrowers to select an eight-week period to use their paycheck protection loan, (3) simplifying the forgiveness application for smaller loans, (4) expanding eligibility to certain chambers of commerce and destination marketing organizations, and (5) establishing a specific loan calculation for farmers and ranchers.

What's happening now October 1, 2020

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 562.

 Related & companion bills 5
  • S 4775 Related bill Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act
  • HR 7175 Related bill Paycheck Protection for Producers Act
  • HR 8087 Related bill To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modificat…
  • HR 8265 Related bill To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modificat…
  • S 3918 Related bill Paycheck Protection for Producers Act
 Bill text 1 version

Source documents hosted by congress.gov.

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APA
U.S. Congress. (2026). S. 4773: Continuing the Paycheck Protection Program Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-4773/
MLA
"S. 4773: Continuing the Paycheck Protection Program Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4773/.
Bluebook (legal)
S. 4773, 116th Cong. (2026), https://openamerica.io/bill/116-S-4773/.
Markdown link
[S. 4773: Continuing the Paycheck Protection Program Act](https://openamerica.io/bill/116-S-4773/)
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