Summary: S.4268 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.4268. Bill summaries are authored by CRS.

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Introduced in Senate (07/22/2020)

Employer Assistance Coordination Act

This bill permits certain small employers who participate in the Payroll Protection Program established to assist such employers adversely affected by the COVID-19 (i.e., coronavirus disease 2019) public health emergency to also claim the refundable employee retention tax credit if their businesses have experienced a significant reduction in revenue or have closed pursuant to a government order. The bill prohibits employers from using funds from both programs based upon the same wages paid to their employees.