H.R.6506 - To amend the Small Business Act to modify the paycheck protection program, and for other purposes.116th Congress (2019-2020) |
|Sponsor:||Rep. Kilmer, Derek [D-WA-6] (Introduced 04/14/2020)|
|Committees:||House - Small Business|
|Latest Action:||House - 04/14/2020 Referred to the House Committee on Small Business. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.6506 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (04/14/2020)
This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.