Paycheck Protection for Producers Act

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(6/9/20)

Committee

Passed House

Passed Senate

President

Law