US HB6981 | 2019-2020 | 116th Congress


Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on May 22 2020 - 25% progression
Action: 2020-05-22 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]


PPP DEAL Act PPP Deadline Extension Adjustment for Loans 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.

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PPP DEAL Act PPP Deadline Extension Adjustment for Loans Act



2020-05-22HouseReferred to the House Committee on Small Business.
2020-05-22HouseIntroduced in House

Same As/Similar To

SB3714 (Same As) 2020-05-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship.


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Bill Comments