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PPP DEAL Act

USA116th CongressHR-6981| House 
| Updated: 5/22/2020
Conor Lamb

Conor Lamb

Democratic Representative

Pennsylvania

Cosponsors (2)
Brian K. Fitzpatrick (Republican)Lizzie Fletcher (Democratic)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
PPP Deadline Extension Adjustment for Loans Act or the PPP DEAL Act This bill modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.
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Timeline
May 13, 2020

Latest Companion Bill Action

S 116-3714
Introduced in Senate
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on Small Business.
  • May 13, 2020

    Latest Companion Bill Action

    S 116-3714
    Introduced in Senate


  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on Small Business.

Commerce

Related Bills

  • S 116-3714: PPP DEAL Act
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings

PPP DEAL Act

USA116th CongressHR-6981| House 
| Updated: 5/22/2020
PPP Deadline Extension Adjustment for Loans Act or the PPP DEAL Act This bill modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.
View Full Text

Suggested Questions

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

Timeline
May 13, 2020

Latest Companion Bill Action

S 116-3714
Introduced in Senate
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on Small Business.
  • May 13, 2020

    Latest Companion Bill Action

    S 116-3714
    Introduced in Senate


  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on Small Business.
Conor Lamb

Conor Lamb

Democratic Representative

Pennsylvania

Cosponsors (2)
Brian K. Fitzpatrick (Republican)Lizzie Fletcher (Democratic)

Small Business Committee

Commerce

Related Bills

  • S 116-3714: PPP DEAL Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings