# 116-hr-8087: To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program, and for other purposes.

116-hr-8087, To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program, and for other purposes., is a 116th Congress bill sponsored by Rep. Chabot, Steve [R-OH-1] (R-OH); status Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8087
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8087
- Congress: 116
- Title: To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program, and for other purposes.
- Status: Referred to the Committee on Small Business, and in addition to the Committees on the Judiciary, the Budget, and Appropriations, 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.
- Introduced: 2020-08-22
- Sponsor: Rep. Chabot, Steve [R-OH-1] (R-OH)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill establishes funding for, expands, and provides additional economic assistance to small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the Small Business Administration (SBA) is authorized to provide second draw loans of up to $2 million under the Paycheck Protection Program. A recipient shall be eligible for forgiveness of a second draw loan in the same manner as an initial paycheck protection loan. Further the bill modifies the Paycheck Protection Program by, among other things, (1) expanding forgivable expenses, (2) allowing borrowers to select an eight-week period through December 31, 2020, to use their paycheck protection loan, (3) simplifying the forgiveness application for smaller loans, (4) expanding eligibility to certain chambers of commerce and destination marketing organizations, and (5) establishing a specific loan calculation for farmers and ranchers.

## Related bills

- 116-hr-8846: Accountability for Persistent Intellectual Property Theft Act
- 116-hr-8744: Rohingya Genocide Determination Act of 2020
- 116-hr-8692: To designate the facility of the United States Postal Service located at 275 Penn Avenue in Salem, Ohio, as the "Howard Arthur Tibbs Post Office".
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8498: Informed Consent Act
- 116-hr-8360: Coronavirus Relief Fund Flexibility Act of 2020

## Sources
- [116-hr-8087 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8087)

## Related
- [116-hr-8846: Accountability for Persistent Intellectual Property Theft Act](https://policyrisk.com/legislation/116-hr-8846)
- [116-hr-8744: Rohingya Genocide Determination Act of 2020](https://policyrisk.com/legislation/116-hr-8744)
- [116-hr-8692: To designate the facility of the United States Postal Service located at 275 Pe…](https://policyrisk.com/legislation/116-hr-8692)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8498: Informed Consent Act](https://policyrisk.com/legislation/116-hr-8498)
- [116-hr-8360: Coronavirus Relief Fund Flexibility Act of 2020](https://policyrisk.com/legislation/116-hr-8360)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8087 (as of 2025-11-18).