HR 6506
To amend the Small Business Act to modify the 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 Paycheck Protection Program (PPP) established during the COVID-19 pandemic. It extends the program's duration until 30 days after the national emergency proclamation ends, allows PPP loan recipients to request additional, forgivable loan amounts within a specified timeframe, and extends the deferral period for loan payments to at least one year. The bill also includes a direct appropriation of $900 billion to support the program.
Sponsors
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Primary sponsor
Derek Kilmer
Cosponsors
Ann M. Kuster
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