House Bill 8620
116th Congress(2019-2020)
To permit payments for certain business software or cloud computing services as allowable uses of a loan made under the Paycheck Protection Program of the Small Business Administration.
Introduced
Introduced in House on Oct 16, 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
8620
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.
No House votes have been held for this bill.
Summary
This bill expands allowable and forgivable uses of a loan made pursuant to the Paycheck Protection Program, enacted to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include payment for any business software or cloud computing service that facilitates certain business operations or processes.
October 16, 2020
10/16/2020
Referred to the House Committee on Small Business.
10/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:31 PM