PPP DEAL Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 22, 2020)
PPP Deadline Extension Adjustment for Loans Act or the PPP DEAL Act
This bill modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.
What just happenedMay 22, 2020
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseMay 22, 2020
- May 22, 2020IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - May 22, 2020IntroReferralIntro-H
Introduced in House
- May 22, 2020IntroReferral1000
Introduced in House