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116-hr-6781116th Congress

Paycheck Protection Program Improved Coordination Act of 2020

Sponsored By: Representative Pappas, Chris [D-NH-1]

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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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Pappas, Chris [D-NH-1]

NH • D

Cosponsors

  • Rep. Hagedorn, Jim [R-MN-1]

    MN • R

    Sponsored 5/8/2020

  • Rep. Murphy, Stephanie N. [D-FL-7]

    FL • D

    Sponsored 5/8/2020

  • PETER KING

    NY • R

    Sponsored 6/11/2020

Roll Call Votes

No roll call votes available for this bill.

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