Paycheck Protection for Producers Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 9, 2020)
Paycheck Protection for Producers Act
This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income.
Under current law, such farmers must calculate their paycheck protection loan amount based on net income.
What just happenedJun 9, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
Who’s behind it
- Introduced in SenateJun 9, 2020
- Jun 9, 2020IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)
Small Business and Entrepreneurship Committee - Jun 9, 2020IntroReferral10000
Introduced in Senate