HR 7175 · 116th Congress · Commerce
Paycheck Protection for Producers Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2020-06-11)
Plain Language Summary
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Paycheck Protection for Producers Act This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income. Under current law, such farmers must calculate their paycheck protection loan amount based on net income.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (16)
7 Democrats9 Republicans