Paycheck Protection Program Second Chance Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Jun 2, 2020)
Paycheck Protection Program Second Chance Act
This bill requires specified treatment of certain criminal violations under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill provides that an entity shall not be ineligible for a paycheck protection loan if certain owners have prior arrests or convictions, unless the owner (1) is incarcerated as of the date of the loan application, or (2) has been convicted of a felony of financial fraud or deception during the five-year period prior to the loan application.
What just happenedJun 10, 2020
Committee on Small Business and Entrepreneurship. Hearings held.
Who’s behind it
- Introduced in SenateJun 2, 2020
- Jun 10, 2020Committee
Committee on Small Business and Entrepreneurship. Hearings held.
Small Business and Entrepreneurship Committee - Jun 2, 2020IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Jun 2, 2020IntroReferral10000
Introduced in Senate