House Bill 6506
116th Congress(2019-2020)
To amend the Small Business Act to modify the paycheck protection program, and for other purposes.
Introduced
Introduced in House on Apr 14, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6506
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Derek Kilmer
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No House votes have been held for this bill.
Summary
This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year.
April 14, 2020
04/14/2020
Referred to the House Committee on Small Business.
04/14/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:13 PM