HR 8620
To permit payments for certain business software or cloud computing services as allowable uses of a loan made under the Paycheck Protection Program of the Small Business Administration.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill amends the Paycheck Protection Program (PPP) to allow small businesses to use PPP loan funds to cover payments for certain business software and cloud computing services. These services must support essential business functions like payroll, accounting, or sales. The changes expand what qualifies as a ‘covered operations expenditure,’ which is a key factor in determining loan forgiveness. Essentially, it broadens the eligible uses of PPP funds to include digital tools used by businesses.
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Primary sponsor
Cosponsors
Rob Woodall
Sanford D., Jr. Bishop
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