Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 7010
116th Congress(2019-2020)
Paycheck Protection Program Flexibility Act of 2020
Became Law
Became Law
Became Public Law 116-142 on Jun 5, 2020
Overview
Text
Introduced
May 26, 2020
Latest Action
Jun 5, 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
7010
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
Democrat
Dean Phillips
Minnesota
Republican
David Schweikert
Arizona
Democrat
Tom O'Halleran
Arizona
Democrat
Ami Bera
California
Republican
Doug LaMalfa
California
Democrat
Eric Swalwell
California
Democrat
Gil Cisneros
California
Democrat
Harley Rouda
California
Democrat
Jim Costa
California
Democrat
Scott Peters
California
Democrat
Jahana Hayes
Connecticut
Democrat
Joe Courtney
Connecticut
Democrat
Lisa Blunt Rochester
Delaware
Democrat
Eleanor Holmes Norton
District of Columbia
Democrat
Kathy Castor
Florida
Republican
Neal Dunn
Florida
Democrat
Ted Deutch
Florida
Democrat
Ed Case
Hawaii
Democrat
Tulsi Gabbard
Hawaii
Democrat
Brad Schneider
Illinois
Democrat
Mike Quigley
Illinois
Democrat
Raja Krishnamoorthi
Illinois
Democrat
Andre Carson
Indiana
Republican
Jackie Walorski
Indiana
Democrat
Abby Finkenauer
Iowa
Democrat
Cynthia Axne
Iowa
Republican
Andy Harris
Maryland
Democrat
Anthony G. Brown
Maryland
Democrat
Dan Kildee
Michigan
Democrat
Elissa Slotkin
Michigan
Republican
Fred Upton
Michigan
Republican
Jack Bergman
Michigan
Republican
John Moolenaar
Michigan
Democrat
Angie Craig
Minnesota
Democrat
Betty McCollum
Minnesota
Republican
Pete Stauber
Minnesota
Republican
Don Bacon
Nebraska
Democrat
Ann McLane Kuster
New Hampshire
Democrat
Chris Pappas
New Hampshire
Democrat
Bill Pascrell
New Jersey
Democrat
Donald Payne Jr.
New Jersey
Republican
Jeff Van Drew
New Jersey
Democrat
Josh Gottheimer
New Jersey
Democrat
Mikie Sherrill
New Jersey
Democrat
Tom Malinowski
New Jersey
Democrat
Ben Ray Lujan
New Mexico
Democrat
Xochitl Torres Small
New Mexico
Democrat
Anthony Brindisi
New York
Democrat
Carolyn B. Maloney
New York
Republican
Elise Stefanik
New York
Democrat
Grace Meng
New York
Republican
John Katko
New York
Democrat
Kathleen Rice
New York
Democrat
Max Rose
New York
Republican
Peter King
New York
Republican
Brad Wenstrup
Ohio
Republican
Dave Joyce
Ohio
Democrat
Tim Ryan
Ohio
Republican
Troy Balderson
Ohio
Democrat
Kendra Horn
Oklahoma
Democrat
Kurt Schrader
Oregon
Democrat
Suzanne Bonamici
Oregon
Republican
Brian Fitzpatrick
Pennsylvania
Democrat
Dwight Evans
Pennsylvania
Republican
John Joyce
Pennsylvania
Democrat
Susan Wild
Pennsylvania
Democrat
Jim Langevin
Rhode Island
Democrat
Joe Cunningham
South Carolina
Republican
Ralph Norman
South Carolina
Republican
Dusty Johnson
South Dakota
Democrat
Steve Cohen
Tennessee
Republican
Tim Burchett
Tennessee
Republican
Chip Roy
Texas
Democrat
Colin Allred
Texas
Democrat
Henry Cuellar
Texas
Republican
John Carter
Texas
Republican
Randy Weber
Texas
Republican
Ron Wright
Texas
Republican
Van Taylor
Texas
Democrat
Ben McAdams
Utah
Republican
John Curtis
Utah
Democrat
Peter Welch
Vermont
Democrat
Elaine Luria
Virginia
Democrat
Derek Kilmer
Washington
Republican
Jaime Herrera Beutler
Washington
Democrat
Kim Schrier
Washington
Republican
Mike Gallagher
Wisconsin
House Votes (1)
Senate Votes (1)
checkPassed on May 28, 2020
Question
On Motion to Suspend the Rules and Pass, as Amended
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
114
House Roll Call Votes
Summary

Paycheck Protection Program Flexibility Act of 2020

This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining balance after the application of forgiveness. The bill also extends the covered period during which the recipient of a paycheck protection loan may use such funds for certain expenses while remaining eligible for forgiveness of the loan.

Further, the bill prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable covered loan amount. Currently, only 25% of a paycheck protection loan may be allocated to non-payroll expenses such as rent and utilities.

The bill extends the period of time in which an employer may rehire or eliminate a reduction in employment, salary, or wages that would otherwise reduce the forgivable amount of a paycheck protection loan. However, the forgivable amount must be determined without regard to a reduction in the number of employees if the recipient is (1) unable to rehire an employee, (2) able to demonstrate an inability to hire a similarly qualified employee, or (3) able to demonstrate an inability to return to the same level of business activity.

Lastly, the bill eliminates a provision that makes a paycheck protection loan recipient who has such indebtedness forgiven ineligible to defer payroll tax payments.

Text (4)
Enrolled Bill
Received in Senate
June 1, 2020
Engrossed in House
May 28, 2020
Introduced in House
May 26, 2020
Related Bills (2)
May 21, 2020
Introduced in Senate
9
Sponsorship
Senate Bill 3805
Paycheck Protection Program Flexibility Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
May 15, 2020
Introduced in House
66
Sponsorship
House Bill 6886
Paycheck Protection Program Flexibility Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (17)
06/05/2020
Became Public Law No: 116-142.
06/05/2020
Signed by President.
06/05/2020
Presented to President.
06/04/2020
Message on Senate action sent to the House.
06/03/2020
Passed Senate without amendment by Voice Vote. (consideration: CR S2690-2691)
06/03/2020
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S2690-2691)
06/01/2020
Received in the Senate, read twice.
05/28/2020
Motion to reconsider laid on the table Agreed to without objection.
05/28/2020
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 1 (Roll no. 114). (text: CR H2332-2333)
05/28/2020
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 1 (Roll no. 114).(text: CR H2332-2333)
05/28/2020
Considered as unfinished business. (consideration: CR H2339-2340)
05/28/2020
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
05/28/2020
DEBATE - The House proceeded with forty minutes of debate on H.R. 7010.
05/28/2020
Considered under suspension of the rules. (consideration: CR H2332-2338)
05/28/2020
Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
05/26/2020
Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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.
05/26/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:49 PM
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