Senate
May 21, 2020

Paycheck Protection Program Flexibility Act of 2020

Summary

Official

Paycheck Protection Program Flexibility Act of 2020 This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(5/21/20)
Committee
Passed House
Passed Senate
President
Law

Sponsor

AK

Mr. King

Senate (I) Maine

Cosponsors (8)

Topics

Latest Action

Read twice and referred to the Committee on Finance.

May 21, 2020