H.R.6973 - PPE Act116th Congress (2019-2020) |
|Sponsor:||Rep. Finkenauer, Abby [D-IA-1] (Introduced 05/22/2020)|
|Committees:||House - Small Business|
|Latest Action:||House - 05/22/2020 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.6973 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (05/22/2020)
Protecting Paychecks and Employees Act of 2020 or the PPE Act
This bill modifies allowable and forgivable uses of amounts received under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass costs related to the provision of personal protective equipment or other equipment or supplies necessary to protect the health and safety of employees.
The bill also prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable loan amount.