Summary: H.R.6781 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6781. Bill summaries are authored by CRS.

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Introduced in House (05/08/2020)

Paycheck Protection Program Improved Coordination Act of 2020

This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.