Paycheck Protection Program Improved Coordination Act of 2020

United States116th CongressHR-6781House of Representatives
Updated: May 8, 2020

Summary

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. 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.

    House of Representatives

  2. Introduced in House

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