Summary: H.R.6506 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6506. Bill summaries are authored by CRS.

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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.