HR 6672
To amend the CARES Act to increase the authority for commitments and appropriations for paycheck protection program, and for other purposes.
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill modifies the CARES Act to extend the authority for the Small Business Administration’s Paycheck Protection Program (PPP). Specifically, it increases the amount of money the SBA can commit to loans and allows for additional appropriations for these loans during a period ending 90 days after the COVID-19 emergency declaration is lifted. The changes aim to provide more funding for businesses seeking PPP loans.
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