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Bill > HR7664

US HR7664

To permit the Administrator of the Small Business Administration to deem certain nonprofit organizations serving developmentally disabled individuals as eligible to participate in the paycheck protection program, and for other purposes.

summary

Introduced
07/16/2020
In Committee
07/16/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To permit the Administrator of the Small Business Administration to deem certain nonprofit organizations serving developmentally disabled individuals as eligible to participate in the paycheck protection program, and for other purposes. This bill expands participation in the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) to encompass certain nonprofit organizations that provide home and community-based services to individuals with developmental disabilities.

AI Summary

This bill expands participation in the Paycheck Protection Program (PPP), which was established to support small businesses in response to COVID-19, to include certain nonprofit organizations that provide home and community-based services to individuals with developmental disabilities. The bill allows the Administrator of the Small Business Administration to deem these nonprofit organizations as eligible for the PPP, even if they have more than 500 employees or exceed the annual gross receipts limit, as long as their annual gross receipts do not exceed $30 million.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Small Business. (on 07/16/2020)
(1 Companion Bills)

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