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Paycheck Protection Program Improved Coordination Act of 2020

USA116th CongressHR-6781| House 
| Updated: 5/8/2020
Chris Pappas

Chris Pappas

Democratic Representative

New Hampshire

Cosponsors (3)
Jim Hagedorn (Republican)Stephanie N. Murphy (Democratic)Peter T. King (Republican)

Small Business Committee, Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Paycheck Protection Program Improved Coordination Act of 2020 This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.
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Timeline
May 8, 2020
Introduced in House
May 8, 2020
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.
  • May 8, 2020
    Introduced in House
  • May 8, 2020
    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.

Taxation

Related Bills

  • S 116-3793: Paycheck Security Act
  • S 116-4268: Employer Assistance Coordination Act
  • HR 116-6776: JOBS Credit Act of 2020
  • S 116-4818: Heroes Small Business Lifeline Act
  • HR 116-6800: The Heroes Act
  • S 116-4318: American Workers, Families, and Employers Assistance Act
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careEmployment taxesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings

Paycheck Protection Program Improved Coordination Act of 2020

USA116th CongressHR-6781| House 
| Updated: 5/8/2020
Paycheck Protection Program Improved Coordination Act of 2020 This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 8, 2020
Introduced in House
May 8, 2020
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.
  • May 8, 2020
    Introduced in House
  • May 8, 2020
    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.
Chris Pappas

Chris Pappas

Democratic Representative

New Hampshire

Cosponsors (3)
Jim Hagedorn (Republican)Stephanie N. Murphy (Democratic)Peter T. King (Republican)

Small Business Committee, Ways and Means Committee

Taxation

Related Bills

  • S 116-3793: Paycheck Security Act
  • S 116-4268: Employer Assistance Coordination Act
  • HR 116-6776: JOBS Credit Act of 2020
  • S 116-4818: Heroes Small Business Lifeline Act
  • HR 116-6800: The Heroes Act
  • S 116-4318: American Workers, Families, and Employers Assistance Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careEmployment taxesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings