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HR 7838 117th Congress House Transportation and Public Works

Paycheck Protection Program Fairness for Engineering Services Act

Introduced: May 19, 2022 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2022
Referred to the Subcommittee on Highways and Transit.
May 19, 2022
Referred to the House Committee on Transportation and Infrastructure.
May 19, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Paycheck Protection Program Fairness for Engineering Services Act

This bill exempts until June 30, 2025, certain contractors that receive federal highway or public transportation funding from having to adjust costs associated with their contracts to account for loan forgiveness through the Paycheck Protection Program (PPP). (The PPP provided small businesses with loans for payroll and other costs to respond to the COVID-19 emergency with loan forgiveness under certain conditions.)

Under current law, a contractor with a cost-reimbursable contract must reduce costs or provide cash refunds to the Department of Transportation (or a state department of transportation) if the contractor receives or accrues any income, rebate, allowance, or other credit relating to an allowable contract cost, which includes PPP loan forgiveness.

What's happening now May 20, 2022

Referred to the Subcommittee on Highways and Transit.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1