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H.R. 7010 (116th): Paycheck Protection Program Flexibility Act of 2020

To amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow recipients of loan forgiveness under the paycheck protection program to defer payroll taxes, and for other purposes.

Sponsor and status

Dean Phillips

Sponsor. Representative for Minnesota's 3rd congressional district. Democrat.

Read Text »
Last Updated: Jun 5, 2020
Length: 3 pages
Introduced
May 26, 2020
116th Congress (2019–2021)
Status

Enacted — Signed by the President on Jun 5, 2020

This bill was enacted after being signed by the President on June 5, 2020.

Law
Pub.L. 116-142
Cosponsors

86 Cosponsors (56 Democrats, 30 Republicans)

Source

Incorporated legislation

This bill incorporates provisions from:

S. 3805: Paycheck Protection Program Flexibility Act of 2020

Introduced on May 21, 2020. 85% incorporated. (compare text)

H.R. 6886: Paycheck Protection Program Flexibility Act of 2020

Introduced on May 15, 2020. 78% incorporated. (compare text)

History

May 22, 2020
 
Text Published

Updated bill text was published as of Preprint (Suspension).

May 26, 2020
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 28, 2020
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Jun 3, 2020
 
Passed Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by Voice Vote so no record of individual votes was made.

Jun 5, 2020
 
Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 7010 (116th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 7010. This is the one from the 116th Congress.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

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“H.R. 7010 — 116th Congress: Paycheck Protection Program Flexibility Act of 2020.” www.GovTrack.us. 2020. March 28, 2024 <https://www.govtrack.us/congress/bills/116/hr7010?utm_campaign=NewsWatch%20Today&utm_source=hs_email&utm_medium=email&utm_content=88671532&_hsenc=p2ANqtz--DyOQjv8qdfJ6ke0wjBF3dCVEpXMohHC8eiqTyevQBXVbnf3245t67NDbe9jhQWZdQ8eevKJIdLc8Mkes9sQ8RHW_lkw&_hsmi=88672353>

Where is this information from?

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