summary
Introduced
05/22/2020
05/22/2020
In Committee
05/22/2020
05/22/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the paycheck protection program of the Small Business Administration to include costs related to the provision of personal protective equipment as an allowable use of a covered loan, and for other purposes. This bill modifies allowable and forgivable uses of amounts received under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass costs related to the provision of personal protective equipment or other equipment or supplies necessary to protect the health and safety of employees. The bill also prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable loan amount.
AI Summary
This bill, the Protecting Paychecks and Employees (PPE) Act of 2020, modifies the Paycheck Protection Program (PPP) established in response to COVID-19 to allow small businesses to use their PPP loans to cover the costs of personal protective equipment (PPE) and other supplies necessary to protect the health and safety of their employees. Specifically, the bill expands the allowable and forgivable uses of PPP funds to include these types of healthcare-related expenses, and prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable PPP loan amount. This legislation aims to provide small businesses with greater flexibility to use their PPP loans to cover critical costs associated with protecting their workforce during the pandemic.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Small Business. (on 05/22/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6973/all-info |
| BillText | https://www.congress.gov/116/bills/hr6973/BILLS-116hr6973ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6973/BILLS-116hr6973ih.pdf.pdf |
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