US SB3793 | 2019-2020 | 116th Congress

Status

Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on May 21 2020 - 25% progression
Action: 2020-05-21 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Paycheck Security Act This bill modifies and increases the employee retention tax credit, allows a refundable payroll tax credit for the operating costs of employers, and provides a rebate in 2020 for certain small businesses and other business entities. The bill also authorizes additional appropriations to carry out the provisions of this bill and to provide for oversight by the Inspector General for Tax Administration of the Department of the Treasury. The Government Accountability Office must report on the effectiveness of the operative provisions of this bill.

Tracking Information

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Title

Paycheck Security Act

Sponsors


History

DateChamberAction
2020-05-21SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB6781 (Related) 2020-05-08 - Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
SB4268 (Related) 2020-07-22 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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