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Main Subject: Commerce

Paycheck Protection for Producers Act

This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income.

Under current law, such farmers must calculate their paycheck protection loan amount based on net income.

HR7175-116, S4321-116, HR8265-116, S4775-116, S4773-116,

Senate Actions

IntroReferral
Jun. 09 2020	Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S2809)

Library of Congress Actions

IntroReferral
Jun. 09 2020	Introduced in Senate

Senate bill S3918-116

Paycheck Protection for Producers Act

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