Business Expenses
US Congress 116th Congress
PPE Act Protecting Paychecks and Employees Act of 2020 [HB-6973]
[Small Business ]
[Healthcare ]
[Public Health ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
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. The bill also prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable loan amount.
Sponsored by: Rep. Amata Coleman Radewagen
Introduced In House on 05/22/2020
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To include payments for waste and recycling collection services as covered utility payments for purposes of calculating the eligible amount for forgiveness of indebtedness on a paycheck protection program loan. [HB-6987]
[Waste Management / Recycling ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
Expands loan forgiveness under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include amounts from a paycheck protection loan that a recipient expends for waste and recycling collection.
Sponsored by: Rep. Jerry McNerney
Introduced In House on 05/22/2020
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MOM-AND-POP Act Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act [HB-6960]
[Small Business ]
[Disaster Relief ]
[Funding ]
[Grants ]
[Budget and Spending ]
[Economic Development ]
Reserves assistance under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for specified small entities. Specifically, the bill establishes a set-aside of at least 25% of amounts appropriated for paycheck protection loans to guarantee loans of $150,000 or less made to small entities such as a (1) business or nonprofit with 25 employees or fewer, (2) sole proprietor, or (3) self-employed individual. The Small Business Administration must consider implementing a similar
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Sponsored by: Rep. Gus M. Bilirakis
Introduced In House on 05/22/2020
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PPP DEAL Act PPP Deadline Extension Adjustment for Loans Act [HB-6981]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
[Healthcare ]
Modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.
Sponsored by: Rep. Brian K. Fitzpatrick
Introduced In House on 05/22/2020
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RESTART Act Reviving the Economy Sustainably Towards A Recovery in Twenty-twenty Act [S.3814]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Public Health ]
[Economic Development ]
[Disaster Relief ]
Extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for certain businesses, and it establishes a loan program whereby the Small Business Administration (SBA) shall guarantee loan amounts to certain businesses affected by COVID-19. Specifically, the bill provides a paycheck protection loan recipient with 16 weeks to use such funds if the recipient has (1) less than 500 full-time employees, and (2) suffered a decline in revenues of at least 25%. The bill also establishes
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Sponsored by: Sen. Robert P. Casey
Committee On Small Business And Entrepreneurship. Hearings Held. on 12/10/2020
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Paycheck Protection Program Extension Act [S.3833]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
[Public Health ]
[Healthcare ]
[Disaster Relief ]
Extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) and expands the allowable uses for paycheck protection loans. Specifically, the bill extends the deadline to apply for a paycheck protection loan to December 31, 2020, and it allows recipients up to 16 weeks to use any funds received. Within the extended 16-week period, a recipient may elect an 8-week safe harbor in which to maintain payroll and outside of which the amount of loan forgiveness shall not be reduced
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Sponsored by: Sen. Susan M. Collins
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 454. on 06/01/2020
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US Congress 116th Congress
Paycheck Protection Program Flexibility Act of 2020 [S.3805]
[Small Business ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Taxes ]
[Funding ]
[Grants ]
[Law Enforcement ]
[Public Safety ]
[Economic Development ]
[Finance ]
[Healthcare ]
[Insurance ]
Modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining balance after the application of forgiveness. The bill also extends the covered period during which the recipient of a paycheck protection loan may use such funds for certain expenses while remaining eligible for forgiveness of the loan. Further,
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/21/2020
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Small Business Lending Continuity Act of 2020 [S.3782]
[Small Business ]
[Finance ]
[Budget and Spending ]
[Economic Development ]
[Funding ]
[Grants ]
Revises the authorization for certain Small Business Administration (SBA) loan products currently linked to the Paycheck Protection Program that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Under current law, the authorization for the Paycheck Protection Program and the SBA's standard small business loan products (the 7(a) loan program) are combined into one joint authorization for the duration of the Paycheck Protection Program. The bill returns the 7(a) loan program to the purview of its stand-alone authorization to
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Sponsored by: Sen. Marsha Blackburn
Committee On Small Business And Entrepreneurship. Hearings Held. on 06/03/2020
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Cage the Paper Tiger Act of 2020 [HB-6916]
[Finance ]
[Trade ]
[Manufacturing ]
[National Security ]
[Cybersecurity ]
[Economic Development ]
To prohibit the listing of certain firms on national securities exchanges, to provide for expensing of costs directly connected with moving manufacturing from China to the United States, to establish a counterintelligence vetting task force, and for other purposes.
Sponsored by: Rep. Mark Walker
Referred To The Subcommittee On Intelligence And Counterterrorism. on 06/01/2020
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Local News and Emergency Information Act of 2020 [HB-6897]
[Small Business ]
[Media and Advertising ]
[Disaster Relief ]
[Technology and Innovation ]
[Telecommunications ]
[Funding ]
[Grants ]
[Public Safety ]
[Economic Development ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include certain newspaper publishers, radio stations, and television broadcasters. Specifically, such a media purveyor is eligible to receive a paycheck protection loan if (1) the individual physical location that applies for the loan does not exceed Small Business Administration size standards (up to 1,000 employees for newspaper publishers and $41.5 million in gross receipts for radio and television broadcasters);
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Sponsored by: Rep. David N. Cicilline
Introduced In House on 05/15/2020
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Paycheck Protection Program Flexibility Act of 2020 [HB-6886]
[Small Business ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Taxes ]
[Law Enforcement ]
[Public Safety ]
[Economic Development ]
[Finance ]
[Healthcare ]
[Insurance ]
[Poverty ]
Modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining balance after the application of forgiveness. The bill also extends the covered period during which the recipient of a paycheck protection loan may use such funds for certain expenses while remaining eligible for forgiveness of the loan. Further,
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Sponsored by: Rep. Eleanor Holmes Norton
Introduced In House on 05/15/2020
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Making Opportunities a Reality for Entrepreneurs Paycheck Protection Program More PPP Act [HB-6893]
[Small Business ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Public Health ]
[Healthcare ]
[Finance ]
[Budget and Spending ]
Provides additional funding for and modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill increases funding for paycheck protection loans by $560 billion, and it provides additional funding of $571 billion for paycheck protection loans through FY2021. Further, the bill sets aside $200 billion for paycheck protection loans to businesses and nonprofit organizations with 25 or fewer employees, sole proprietors, independent contractors, and self-employed
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Sponsored by: Rep. Al Green
Introduced In House on 05/15/2020
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FIRST Act Fixing the Income Ramifications for Small Businesses and Tax Relief Act [HB-6884]
[Taxes ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
[Funding ]
[Grants ]
Amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business expenses and other tax incidents shall not be affected by the exclusion from gross income of amounts related to loan forgiveness received in response to COVID-19 (i.e., coronavirus disease 2019).
Sponsored by: Rep. Dan Newhouse
Introduced In House on 05/15/2020
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To allow expensing of amounts paid to move business property from China to the United States, and for other purposes. [HB-6903]
[Taxes ]
[Trade ]
[Small Business ]
[Manufacturing ]
[Economic Development ]
Directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.
Sponsored by: Rep. Mark Green
Introduced In House on 05/15/2020
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To modify requirements relating to the participation of community development financial institutions in the paycheck protection program of the Small Business Administration, and for other purposes. [HB-6888]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
[Labor, Jobs, Employment ]
[Community Development ]
[Finance ]
[Budget and Spending ]
[Healthcare ]
[Public Health ]
Authorizes community development financial institutions to make loans under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). The bill also allows the Small Business Administration and the Department of the Treasury to revoke a lender's authority to make paycheck protection loans upon a joint determination that (1) the lender has had recent material operational shortcomings that warrant such a revocation, and (2) the revocation is consistent with the purpose of the program.
Sponsored by: Rep. Alma S. Adams
Introduced In House on 05/15/2020
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Paycheck Protection Program Transparency Act of 2020 [HB-6874]
[Small Business ]
[Funding ]
[Grants ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Public Health ]
[Healthcare ]
[Technology and Innovation ]
[Data Privacy ]
[Cybersecurity ]
[Economic Development ]
Requires the Small Business Administration (SBA) to disclose and report certain information related to the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must establish a website that includes specified information including (1) the name, location, and number of employees of each paycheck protection loan recipient; and (2) the number of loans disbursed and total fees collected by each paycheck protection lender. Additionally, the SBA must report
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Sponsored by: Rep. Gerald E. Connolly
Introduced In House on 05/14/2020
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PPP Data and Diversity Accountability Act of 2020 [HB-6861]
[Small Business ]
[Data Privacy ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Health ]
Requires the Small Business Administration to collect and report specified demographic data for recipients of assistance under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
Sponsored by: Rep. Barbara Lee
Introduced In House on 05/14/2020
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LIFE NOW Act Limiting Infant Fatality and Empowering Nonprofit Organization Workforces [S.3709]
[Small Business ]
[Healthcare ]
[Veterans ]
[Nonprofit ]
[Funding ]
[Human Services ]
[Public Health ]
Modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill expands the program to encompass any nonprofit organization regardless of size, and it strikes the affiliation requirements applicable to nonprofit organizations and veterans organizations. The bill also makes any entity that provides abortions ineligible to receive a paycheck protection loan. An exception is allowed for abortions performed at hospitals or if the pregnancy is the result
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Sponsored by: Sen. Mike Rounds
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/13/2020
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Local News and Emergency Information Act of 2020 [S.3718]
[Small Business ]
[Media and Advertising ]
[Disaster Relief ]
[Technology and Innovation ]
[Telecommunications ]
[Funding ]
[Grants ]
[Public Safety ]
[Economic Development ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include certain newspaper publishers, radio stations, and television broadcasters. Specifically, such a media purveyor is eligible to receive a paycheck protection loan if (1) the individual physical location that applies for the loan does not exceed Small Business Administration size standards (up to 1,000 employees for newspaper publishers and $41.5 million in gross receipts for radio and television broadcasters);
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/13/2020
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PPP DEAL Act PPP Deadline Extension Adjustment for Loans Act [S.3714]
[Small Business ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
[Law Enforcement ]
[Healthcare ]
[Public Health ]
[Finance ]
Modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) by (1) extending from 8 weeks to 16 weeks the period during which a loan recipient must use their paycheck protection loan to be eligible for forgiveness; and (2) allowing a recipient 16 weeks from the date of the loan to eliminate a reduction in workforce, salary, or wages that would otherwise reduce their forgivable amount.
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/13/2020