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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

PPP Deadline Extension Adjustment for Loans Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To extend the covered period for loan forgiveness and the rehiring period under the CARES Act, and for other purposes.

Actions Overview (1)

Date Actions Overview
05/22/2020Introduced in House

All Actions (2)

Date All Actions
05/22/2020Referred to the House Committee on Small Business.
Action By: House of Representatives
05/22/2020Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Fletcher, Lizzie [D-TX-7]* 05/22/2020
Rep. Fitzpatrick, Brian K. [R-PA-1]* 05/22/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Small Business05/22/2020 Referred to

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Subjects (7)

Latest Summary (1)

There is one summary for H.R.6981. View summaries

Shown Here:
Introduced in House (05/22/2020)

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.