Skip to main content
S. 4773 116th Congress Senate

Continuing the Paycheck Protection Program Act

Official title: A bill to establish the Paycheck Protection Program Second Draw Loan, and for other purposes.

Introduced: September 30, 2020 Introduced by: Susan M. Collins Republican · Maine See on congress.gov
Commerce Accounting and auditingAdministrative law and regulatory proceduresAgricultural prices, subsidies, creditAppropriations
More subjectsShow fewer subjects
BankruptcyBusiness ethicsBusiness expensesCardiovascular and respiratory healthComputers and information technologyCongressional oversightCorporate finance and managementEmergency medical services and trauma careEmployee benefits and pensionsFarm Credit AdministrationGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesLife, casualty, property insuranceMinority and disadvantaged businessesPublic participation and lobbyingReligionSmall Business AdministrationSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizationsTemporary and part-time employmentVeterans' organizations and recognitionWages and earningsWorker safety and health
Sign in to write a letter Sign in to watch
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action October 1, 2020

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

 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.

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

Source documents hosted by congress.gov.

Cite this page click to expand
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/)
Report a problem