PPE Act

Bill: 116-hr-6973
Sponsor: full_name: Rep. Finkenauer, Abby [D-IA-1]
Introduced: 2020-05-22
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Emergency medical services and trauma care

Government lending and loan guarantees

Health technology, devices, supplies

Infectious and parasitic diseases

Small business

Wages and earnings

Worker safety and health
Latest action: action_date: 2020-05-22
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-05-22
action_desc: Introduced in House
text: <p><b>Protecting Paychecks and Employees Act of 2020 or the PPE Act</b></p> <p>This bill modifies allowable and forgivable uses of amounts received under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass costs related to the provision of personal protective equipment or other equipment or supplies necessary to protect the health and safety of employees.</p> <p>The bill also prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable loan amount. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6973 IN THE HOUSE OF REPRESENTATIVES May 22, 2020 Ms. Finkenauer (for herself and Mrs. Radewagen ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the paycheck protection program of the Small Business Administration to include costs related to the provision of personal protective equipment as an allowable use of a covered loan, and for other purposes.

1. Short title This Act may be cited as the Protecting Paychecks and Employees Act of 2020 or the PPE Act . 2. Inclusion of costs related to the provision of personal protective equipment in the paycheck protection program (a) Paycheck protection program Section 7(a)(36)(F)(i) of the Small Business Act ( 15 U.S.C. 636(a)(36)(F)(i) ) is amended— (1) in subclause (VI), by striking and at the end; (2) in subclause (VII), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following new subclause: (VIII) costs related to the provision of personal protective equipment for employees or other equipment or supplies determined by the employer to be necessary to protect the health and safety of employees. . (b) Forgiveness (1) Definition of expected forgiveness amount Section 1106(a)(7) of the CARES Act ( Public Law 116–136 ) is amended— (A) in subparagraph (C), by striking and at the end; and (B) by adding at the end the following new subparagraph: (E) payments made for the provision of personal protective equipment for employees or other equipment or supplies determined by the employer to be necessary to protect the health and safety of employees; and . (2) Forgiveness Section 1106(b) of the CARES Act ( Public Law 116–136 ) is amended by adding at the end the following new paragraph: (5) Any payment made for the provision of personal protective equipment for employees or other equipment or supplies determined by the employer to be necessary to protect the health and safety of employees. . (3) Conforming amendments Section 1106 of the CARES Act ( Public Law 116–136 ) is amended— (A) in subsection (e)— (i) in paragraph (2), by striking payments on covered mortgage obligations, payments on covered lease obligations, and covered utility payments and inserting payments described under subsection (b) (other than payroll costs) ; and (ii) in paragraph (3)(B), by striking , make interest payments and all that follows through or make covered utility payments and inserting , make payments described under subsection (b) ; and (B) in subsection (h), by striking payments for payroll costs, payments on covered mortgage obligations, payments on covered lease obligations, or covered utility payments each place it appears and inserting payments described under subsection (b) . (c) Prohibition on limiting forgiveness Section 1106(d) of the CARES Act ( Public Law 116–136 ) amended by adding at the end the following new paragraph: (7) No limitations In carrying out this section, the Administrator may not limit the non-payroll portion of a forgivable covered loan amount. .