Paycheck Protection for Producers Act

United States116th CongressS-3918Senate
Updated: Jun 9, 2020

Summary

Paycheck Protection for Producers Act This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income. Under current law, such farmers must calculate their paycheck protection loan amount based on net income.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-7175: Paycheck Protection for Producers Act

Referred to the House Committee on Small Business.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)

    Senate

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