US SB3833 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 10-4)
Status: Introduced on May 21 2020 - 25% progression, died in chamber
Action: 2020-06-01 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 21 2020 - 25% progression, died in chamber
Action: 2020-06-01 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
Text: Latest bill text (Introduced) [PDF]
Summary
Extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) and expands the allowable uses for paycheck protection loans. Specifically, the bill extends the deadline to apply for a paycheck protection loan to December 31, 2020, and it allows recipients up to 16 weeks to use any funds received. Within the extended 16-week period, a recipient may elect an 8-week safe harbor in which to maintain payroll and outside of which the amount of loan forgiveness shall not be reduced because of a reduction in workforce or salary and wages. The bill also expands loan forgiveness under the program to include amounts expended on worker protection, such as physical barriers or particulate filtering respirators that are needed to comply with requirements related to sanitation, social distancing, or worker or customer safety.
Title
Paycheck Protection Program Extension Act
Sponsors
| Sen. Marco Rubio [R-FL] | Sen. Benjamin Cardin [D-MD] | Sen. Susan Collins [R-ME] | Sen. Jeanne Shaheen [D-NH] |
| Sen. Richard Durbin [D-IL] | Sen. Cory Gardner [R-CO] | Sen. Steve Daines [R-MT] | Sen. Thom Tillis [R-NC] |
| Sen. Mike Braun [R-IN] | Sen. Marsha Blackburn [R-TN] | Sen. Todd Young [R-IN] | Sen. Martha McSally [R-AZ] |
| Sen. Christopher Coons [D-DE] | Sen. Lamar Alexander [R-TN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-01 | Senate | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454. |
| 2020-05-21 | Senate | Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. |
Subjects
Business expenses
Cardiovascular and respiratory health
Commerce
Emergency medical services and trauma care
Government lending and loan guarantees
Health technology, devices, supplies
Infectious and parasitic diseases
Medical tests and diagnostic methods
Small business
Worker safety and health
Cardiovascular and respiratory health
Commerce
Emergency medical services and trauma care
Government lending and loan guarantees
Health technology, devices, supplies
Infectious and parasitic diseases
Medical tests and diagnostic methods
Small business
Worker safety and health
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3833/all-info |
| Text | https://www.congress.gov/116/bills/s3833/BILLS-116s3833pcs.pdf |
