H.R. 6973, Protecting Paychecks and Employees Act of 2020
Summary
H.R. 6973, the Protecting Paychecks and Employees Act of 2020 or the PPE Act, was introduced in the House of Representatives on May 22, 2020, by Ms. Finkenauer and referred to the Committee on Small Business. It amends the paycheck protection program to add costs related to the provision of personal protective equipment for employees, or other equipment or supplies determined by the employer to be necessary to protect employee health and safety, as an allowable use of a covered loan. It adds the same payments to the forgiveness provisions of section 1106 of the CARES Act. It bars the Administrator from limiting the non-payroll portion of a forgivable covered loan amount.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Issuer
- Congressional materials
- Document type
- Bills Bills 116Hr6973Ih Bills 116Hr6973Ih
- Case
- Bills Bills 116Hr6973Ih Bills 116Hr6973Ih
Cite this document
“H.R. 6973, Protecting Paychecks and Employees Act of 2020.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr6973ih-bills-116hr6973ih/
, SHA-256 66e6eeecaefcc610cbfefa0b2aac12e462f1654c24738dc3684c1052f9b54305.Full text
I
116TH CONGRESS
2D SESSION
H. R. 6973
To amend the paycheck protection program of the Small Business Administra-
tion to include costs related to the provision of personal protective equip-
ment as an allowable use of a covered loan, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MAY 22, 2020
Ms. FINKENAUER (for herself and Mrs. RADEWAGEN) introduced the following
bill; which was referred to the Committee on Small Business
A BILL
To amend the paycheck protection program of the Small
Business Administration to include costs related to the
provision of personal protective equipment as an allow-
able use of a covered loan, and for other purposes.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Protecting Paychecks
5 and Employees Act of 2020’’ or the ‘‘PPE Act’’.
pamtmann on DSKBC07HB2PROD with BILLS
VerDate Sep 11 2014 20:52 Jun 16, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6973.IH H6973
2
1 SEC. 2. INCLUSION OF COSTS RELATED TO THE PROVISION
2 OF PERSONAL PROTECTIVE EQUIPMENT IN
3 THE PAYCHECK PROTECTION PROGRAM.
4 (a) PAYCHECK PROTECTION PROGRAM.—Section
5 7(a)(36)(F)(i) of the Small Business Act (15 U.S.C.
6 636(a)(36)(F)(i)) is amended—
7 (1) in subclause (VI), by striking ‘‘and’’ at the
8 end;
9 (2) in subclause (VII), by striking the period at
10 the end and inserting ‘‘; and’’; and
11 (3) by adding at the end the following new sub-
12 clause:
13 ‘‘(VIII) costs related to the provi-
14 sion of personal protective equipment
15 for employees or other equipment or
16 supplies determined by the employer
17 to be necessary to protect the health
18 and safety of employees.’’.
19 (b) FORGIVENESS.—
20 (1) DEFINITION OF EXPECTED FORGIVENESS
21 AMOUNT.—Section 1106(a)(7) of the CARES Act
22 (Public Law 116–136) is amended—
23 (A) in subparagraph (C), by striking
24 ‘‘and’’ at the end; and
pamtmann on DSKBC07HB2PROD with BILLS
25 (B) by adding at the end the following new
26 subparagraph:
•HR 6973 IH
VerDate Sep 11 2014 20:52 Jun 16, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H6973.IH H6973
3
1 ‘‘(E) payments made for the provision of
2 personal protective equipment for employees or
3 other equipment or supplies determined by the
4 employer to be necessary to protect the health
5 and safety of employees; and’’.
6 (2) FORGIVENESS.—Section 1106(b) of the
7 CARES Act (Public Law 116–136) is amended by
8 adding at the end the following new paragraph:
9 ‘‘(5) Any payment made for the provision of
10 personal protective equipment for employees or other
11 equipment or supplies determined by the employer to
12 be necessary to protect the health and safety of em-
13 ployees.’’.
14 (3) CONFORMING AMENDMENTS.—Section 1106
15 of the CARES Act (Public Law 116–136) is amend-
16 ed—
17 (A) in subsection (e)—
18 (i) in paragraph (2), by striking ‘‘pay-
19 ments on covered mortgage obligations,
20 payments on covered lease obligations, and
21 covered utility payments’’ and inserting
22 ‘‘payments described under subsection (b)
23 (other than payroll costs)’’; and
pamtmann on DSKBC07HB2PROD with BILLS
24 (ii) in paragraph (3)(B), by striking
25 ‘‘, make interest payments’’ and all that
•HR 6973 IH
VerDate Sep 11 2014 20:52 Jun 16, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H6973.IH H6973
4
1 follows through ‘‘or make covered utility
2 payments’’ and inserting ‘‘, make pay-
3 ments described under subsection (b)’’;
4 and
5 (B) in subsection (h), by striking ‘‘pay-
6 ments for payroll costs, payments on covered
7 mortgage obligations, payments on covered
8 lease obligations, or covered utility payments’’
9 each place it appears and inserting ‘‘payments
10 described under subsection (b)’’.
11 (c) PROHIBITION ON LIMITING FORGIVENESS.—Sec-
12 tion 1106(d) of the CARES Act (Public Law 116–136)
13 amended by adding at the end the following new para-
14 graph:
15 ‘‘(7) NO LIMITATIONS.—In carrying out this
16 section, the Administrator may not limit the non-
17 payroll portion of a forgivable covered loan
18 amount.’’.
Æ
pamtmann on DSKBC07HB2PROD with BILLS
•HR 6973 IH
VerDate Sep 11 2014 20:52 Jun 16, 2020 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H6973.IH H6973
File and source
- File
- BILLS_bills-116hr6973ih_bills-116hr6973ih.pdf
- Size
- 233,746 bytes
- SHA-256
- 66e6eeecaefcc610cbfefa0b2aac12e462f1654c24738dc3684c1052f9b54305
- Original
- www.govinfo.gov