116-hr-6918116th Congress

Paycheck Recovery Act of 2020

Sponsored By: Representative Jayapal, Pramila [D-WA-7]

Unknown

Summary

Paycheck Recovery Act of 2020 This bill directs the Department of the Treasury to establish a paycheck recovery program to provide grants for certain small businesses and employers that have lost revenue because of COVID-19 (i.e., coronavirus disease 2019) to pay wages and fixed expenses such as rent, utilities, and safety equipment. Treasury shall award such grants to employers that have experienced revenue losses above a 10% gross receipts threshold or to small businesses that employ 20 or fewer individuals and have annual gross receipts of less than $3 million. Recipients shall receive an initial, 90-day grant that covers the percentage of revenue loss multiplied by wages provided to an employee (up to a salary cap of $90,000), plus an additional 25% of total wages to cover business operating costs. Subsequent grants shall be disbursed on a monthly basis until the nationwide unemployment rate remains below 7% for three consecutive months, at which point Treasury shall terminate the program. An employer receiving a grant must meet certain conditions related to share repurchases, payments to shareholders or bondholders, and executive compensation and bonuses, as well as conditions relating to labor protections such as keeping employees on payroll and benefits. The bill also establishes a Congressional Paycheck Recovery Program Implementation Oversight Board to ensure employers that receive grants use the funds appropriately and comply with all conditions.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Jayapal, Pramila [D-WA-7]

WA • D

Cosponsors

Rep. Stevens, Haley M. [D-MI-11]
MI • D
Sponsored 5/19/2020
Sen. Schiff, Adam B. [D-CA]
CA • D
Sponsored 5/19/2020
Rep. Casten, Sean [D-IL-6]
IL • D
Sponsored 5/19/2020
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 5/19/2020
Rep. Porter, Katie [D-CA-47]
CA • D
Sponsored 5/19/2020
Rep. Escobar, Veronica [D-TX-16]
TX • D
Sponsored 5/19/2020
Rep. Adams, Alma S. [D-NC-12]
NC • D
Sponsored 5/19/2020
Rep. Bass, Karen [D-CA-37]
CA • D
Sponsored 5/19/2020
Rep. Beatty, Joyce [D-OH-3]
OH • D
Sponsored 5/19/2020
Rep. Beyer, Donald S. [D-VA-8]
VA • D
Sponsored 5/19/2020
Rep. Blumenauer, Earl [D-OR-3]
OR • D
Sponsored 5/19/2020
Sen. Blunt Rochester, Lisa [D-DE]
DE • D
Sponsored 5/19/2020
Rep. Bonamici, Suzanne [D-OR-1]
OR • D
Sponsored 5/19/2020
Rep. Boyle, Brendan F. [D-PA-2]
PA • D
Sponsored 5/19/2020
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 5/19/2020
Rep. Castro, Joaquin [D-TX-20]
TX • D
Sponsored 5/19/2020
Rep. Carson, André [D-IN-7]
IN • D
Sponsored 5/19/2020
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 5/19/2020
Rep. Cicilline, David N. [D-RI-1]
RI • D
Sponsored 5/19/2020
Rep. Clark, Katherine M. [D-MA-5]
MA • D
Sponsored 5/19/2020
Rep. Clarke, Yvette D. [D-NY-9]
NY • D
Sponsored 5/19/2020
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 5/19/2020
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 5/19/2020
Rep. Connolly, Gerald E. [D-VA-11]
VA • D
Sponsored 5/19/2020
Rep. DeFazio, Peter A. [D-OR-4]
OR • D
Sponsored 5/19/2020
Rep. DeLauro, Rosa L. [D-CT-3]
CT • D
Sponsored 5/19/2020
Rep. Dingell, Debbie [D-MI-6]
MI • D
Sponsored 5/19/2020
Rep. Espaillat, Adriano [D-NY-13]
NY • D
Sponsored 5/19/2020
Rep. Evans, Dwight [D-PA-3]
PA • D
Sponsored 5/19/2020
Rep. Fudge, Marcia L. [D-OH-11]
OH • D
Sponsored 5/19/2020
Rep. García, Jesús G. "Chuy" [D-IL-4]
IL • D
Sponsored 5/19/2020
Rep. Garcia, Sylvia R. [D-TX-29]
TX • D
Sponsored 5/19/2020
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 5/19/2020
Rep. Haaland, Debra A. [D-NM-1]
NM • D
Sponsored 5/19/2020
Rep. Hastings, Alcee L. [D-FL-20]
FL • D
Sponsored 5/19/2020
Rep. Hayes, Jahana [D-CT-5]
CT • D
Sponsored 5/19/2020
Rep. Heck, Denny [D-WA-10]
WA • D
Sponsored 5/19/2020
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 5/19/2020
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 5/19/2020
Rep. Jeffries, Hakeem S. [D-NY-8]
NY • D
Sponsored 5/19/2020
Rep. Johnson, Henry C. "Hank" [D-GA-4]
GA • D
Sponsored 5/19/2020
Rep. Kennedy, Joseph P., III [D-MA-4]
MA • D
Sponsored 5/19/2020
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 5/19/2020
Rep. Lee, Barbara [D-CA-12]
CA • D
Sponsored 5/19/2020
Rep. Levin, Andy [D-MI-9]
MI • D
Sponsored 5/19/2020
Rep. Levin, Mike [D-CA-49]
CA • D
Sponsored 5/19/2020
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 5/19/2020
Rep. Lowenthal, Alan S. [D-CA-47]
CA • D
Sponsored 5/19/2020
Rep. Malinowski, Tom [D-NJ-7]
NJ • D
Sponsored 5/19/2020
Rep. Maloney, Carolyn B. [D-NY-12]
NY • D
Sponsored 5/19/2020
Rep. McGovern, James P. [D-MA-2]
MA • D
Sponsored 5/19/2020
Rep. Meng, Grace [D-NY-6]
NY • D
Sponsored 5/19/2020
Rep. Morelle, Joseph D. [D-NY-25]
NY • D
Sponsored 5/19/2020
Rep. Nadler, Jerrold [D-NY-12]
NY • D
Sponsored 5/19/2020
Rep. Napolitano, Grace F. [D-CA-31]
CA • D
Sponsored 5/19/2020
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 5/19/2020
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 5/19/2020
Rep. Ocasio-Cortez, Alexandria [D-NY-14]
NY • D
Sponsored 5/19/2020
Rep. Omar, Ilhan [D-MN-5]
MN • D
Sponsored 5/19/2020
Rep. Pallone, Frank [D-NJ-6]
NJ • D
Sponsored 5/19/2020
Rep. Pingree, Chellie [D-ME-1]
ME • D
Sponsored 5/19/2020
Rep. Pressley, Ayanna [D-MA-7]
MA • D
Sponsored 5/19/2020
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 5/19/2020
Rep. Richmond, Cedric L. [D-LA-2]
LA • D
Sponsored 5/19/2020
Rep. Roybal-Allard, Lucille [D-CA-40]
CA • D
Sponsored 5/19/2020
Rep. Rush, Bobby L. [D-IL-1]
IL • D
Sponsored 5/19/2020
Rep. Sarbanes, John P. [D-MD-3]
MD • D
Sponsored 5/19/2020
Rep. Scanlon, Mary Gay [D-PA-5]
PA • D
Sponsored 5/19/2020
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 5/19/2020
Rep. Schrier, Kim [D-WA-8]
WA • D
Sponsored 5/19/2020
Rep. Shalala, Donna E. [D-FL-27]
FL • D
Sponsored 5/19/2020
Rep. Smith, Adam [D-WA-9]
WA • D
Sponsored 5/19/2020
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 5/19/2020
Rep. Speier, Jackie [D-CA-14]
CA • D
Sponsored 5/19/2020
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 5/19/2020
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 5/19/2020
Rep. Trahan, Lori [D-MA-3]
MA • D
Sponsored 5/19/2020
Rep. Vargas, Juan [D-CA-52]
CA • D
Sponsored 5/19/2020
Rep. Vela, Filemon [D-TX-34]
TX • D
Sponsored 5/19/2020
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 5/19/2020
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 5/19/2020
Sen. Welch, Peter [D-VT]
VT • D
Sponsored 5/19/2020
Rep. Khanna, Ro [D-CA-17]
CA • D
Sponsored 5/19/2020
Rep. Barragán, Nanette Diaz [D-CA-44]
CA • D
Sponsored 5/19/2020
Rep. Butterfield, G. K. [D-NC-1]
NC • D
Sponsored 5/19/2020
Rep. Clyburn, James E. [D-SC-6]
SC • D
Sponsored 5/19/2020
Rep. Sherrill, Mikie [D-NJ-11]
NJ • D
Sponsored 5/19/2020
JOSE SERRANO
NY • D
Sponsored 5/19/2020
Rep. Gonzalez, Vicente [D-TX-34]
TX • D
Sponsored 5/19/2020
Rep. Ryan, Tim [D-OH-13]
OH • D
Sponsored 5/19/2020
Sen. Gallego, Ruben [D-AZ]
AZ • D
Sponsored 5/19/2020
Rep. Kirkpatrick, Ann [D-AZ-1]
AZ • D
Sponsored 5/19/2020
Rep. Lee, Susie [D-NV-3]
NV • D
Sponsored 5/22/2020
Rep. Wilson, Frederica S. [D-FL-24]
FL • D
Sponsored 5/22/2020
Rep. Wild, Susan [D-PA-7]
PA • D
Sponsored 5/22/2020
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 5/22/2020
Rep. Rose, Max [D-NY-11]
NY • D
Sponsored 5/22/2020
Rep. Huffman, Jared [D-CA-2]
CA • D
Sponsored 5/22/2020
Rep. Takano, Mark [D-CA-39]
CA • D
Sponsored 5/28/2020
Rep. Green, Al [D-TX-9]
TX • D
Sponsored 5/28/2020
WM. CLAY
MO • D
Sponsored 6/4/2020
Rep. Higgins, Brian [D-NY-26]
NY • D
Sponsored 6/4/2020
Rep. Correa, J. Luis [D-CA-46]
CA • D
Sponsored 7/1/2020
Rep. Cox, TJ [D-CA-21]
CA • D
Sponsored 7/9/2020
Rep. Doyle, Michael F. [D-PA-18]
PA • D
Sponsored 7/20/2020
Del. San Nicolas, Michael F. Q. [D-GU-At Large]
GU • D
Sponsored 7/20/2020
Rep. Langevin, James R. [D-RI-2]
RI • D
Sponsored 7/24/2020
Rep. Himes, James A. [D-CT-4]
CT • D
Sponsored 8/7/2020
Rep. Sires, Albio [D-NJ-8]
NJ • D
Sponsored 8/7/2020
Rep. Larsen, Rick [D-WA-2]
WA • D
Sponsored 12/8/2020

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov

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Back to Legislation

Paycheck Recovery Act of 2020

Summary

How does this bill affect your finances?

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Cosponsors

Roll Call Votes

Related Bills

Live Policy Activity

Not In My Barn Yard Act

Other Activity On This Topic

DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push

How These Connect

Deep Dive

Federal Communications Commission — Communications Regulation

FCC & Telecommunications Regulation

Related Bills

Live Policy Activity

Not In My Barn Yard Act

Other Activity On This Topic

DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push

How These Connect

Deep Dive

Federal Communications Commission — Communications Regulation

FCC & Telecommunications Regulation

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