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S 3711 117th Congress Senate Transportation and Public Works

A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other…

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A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.

Introduced: February 28, 2022 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2022
Read twice and referred to the Committee on Environment and Public Works.
Feb 28, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 February 28, 2022

Read twice and referred to the Committee on Environment and Public Works.

 Related & companion bills 3
  • HR 4350 Related bill National Defense Authorization Act for Fiscal Year 2022
  • S 4008 Related bill Small Business COVID Relief Act of 2022
  • HR 7838 Related bill Paycheck Protection Program Fairness for Engineering Services Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Collins, Susan M.
Maine · Jun 9, 2022
 R
Cramer, Kevin
North Dakota · May 26, 2022
 D
Duckworth, Tammy
Illinois · Feb 28, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3711: A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.. 117th Congress. Open America. https://openamerica.io/bill/117-S-3711/
MLA
"S. 3711: A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3711/.
Bluebook (legal)
S. 3711, 117th Cong. (2026), https://openamerica.io/bill/117-S-3711/.
Markdown link
[S. 3711: A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.](https://openamerica.io/bill/117-S-3711/)
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