Bill Sponsor
House Bill 6781
116th Congress(2019-2020)
Paycheck Protection Program Improved Coordination Act of 2020
Introduced
Introduced
Introduced in House on May 8, 2020
Overview
Text
Introduced
May 8, 2020
Latest Action
May 8, 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
6781
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
New Hampshire
Republican
Minnesota
Republican
New York
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
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.

Text (1)
Actions (2)
05/08/2020
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.
05/08/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:58 PM