Legis Daily

PPP DEAL Act

USA116th CongressS-3714| Senate 
| Updated: 5/13/2020
Joe Manchin

Joe Manchin

Independent Senator

West Virginia

Cosponsors (5)
Patrick J. Leahy (Democratic)Mitt Romney (Republican)Jacky Rosen (Democratic)Cory Gardner (Republican)Ron Wyden (Democratic)

Small Business and Entrepreneurship 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
Introduced in Senate
May 13, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
May 22, 2020

Latest Companion Bill Action

HR 116-6981
Introduced in House
  • May 13, 2020
    Introduced in Senate


  • May 13, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • May 22, 2020

    Latest Companion Bill Action

    HR 116-6981
    Introduced in House

Commerce

Related Bills

  • HR 116-6981: 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 CongressS-3714| Senate 
| Updated: 5/13/2020
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
Introduced in Senate
May 13, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
May 22, 2020

Latest Companion Bill Action

HR 116-6981
Introduced in House
  • May 13, 2020
    Introduced in Senate


  • May 13, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • May 22, 2020

    Latest Companion Bill Action

    HR 116-6981
    Introduced in House
Joe Manchin

Joe Manchin

Independent Senator

West Virginia

Cosponsors (5)
Patrick J. Leahy (Democratic)Mitt Romney (Republican)Jacky Rosen (Democratic)Cory Gardner (Republican)Ron Wyden (Democratic)

Small Business and Entrepreneurship Committee

Commerce

Related Bills

  • HR 116-6981: 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