PPP Expansion Act of 2020

Bill: 116-hr-6522
Sponsor: full_name: Rep. Smith, Christopher H. [R-NJ-4]
Introduced: 2020-04-17
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Emergency medical services and trauma care

General agriculture matters

General business and commerce matters

Government lending and loan guarantees

Horticulture and plants

Infectious and parasitic diseases

Labor-management relations

Small business

Tax-exempt organizations

Wages and earnings
Latest action: action_date: 2020-04-17
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-04-17
action_desc: Introduced in House
text: <p><b>Paycheck Protection Program Expansion Act of 2020 or the PPP Expansion Act of 2020</b></p> <p>This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass additional entities including (1) labor, agricultural, or horticultural organizations; and (2) nonprofit business leagues, chambers of commerce, and boards of trade. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6522 IN THE HOUSE OF REPRESENTATIVES April 17, 2020 Mr. Smith of New Jersey (for himself and Mr. Norcross ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to include certain business and labor organizations in the paycheck protection program, and for other purposes.

1. Short title This Act may be cited as the Paycheck Protection Program Expansion Act of 2020 or the PPP Expansion Act of 2020 . 2. Inclusion of certain business organizations in the paycheck protection program Section 7(a)(36)(A)(vii) of the Small Business Act is amended by striking section 501(c)(3) of the Internal Revenue Code of 1986 and inserting paragraph (3), (5), or (6) of section 501(c) of the Internal Revenue Code of 1986 .