Senate Bill 3833
116th Congress(2019-2020)
Paycheck Protection Program Extension Act
Introduced
Introduced
Introduced in Senate on May 21, 2020
Overview
Text
Introduced
May 21, 2020
Latest Action
Jun 1, 2020
Origin Chamber
Senate
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
3833
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.
Sponsorship by Party
Florida
Delaware
Illinois
Indiana
Indiana
Colorado
Maryland
New Hampshire
North Carolina
No Senate votes have been held for this bill.
Summary

Paycheck Protection Program Extension Act

This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) and expands the allowable uses for paycheck protection loans.

Specifically, the bill extends the deadline to apply for a paycheck protection loan to December 31, 2020, and it allows recipients up to 16 weeks to use any funds received. Within the extended 16-week period, a recipient may elect an 8-week safe harbor in which to maintain payroll and outside of which the amount of loan forgiveness shall not be reduced because of a reduction in workforce or salary and wages.

The bill also expands loan forgiveness under the program to include amounts expended on worker protection, such as physical barriers or particulate filtering respirators that are needed to comply with requirements related to sanitation, social distancing, or worker or customer safety.

Text (1)
Actions (3)
06/01/2020
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 454.
05/21/2020
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
05/21/2020
Introduced in Senate
Public Record
Created
May 22, 2020 4:27:17 AM
Updated
Jul 16, 2020 4:30:13 AM