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H.R. 7010: 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
Source

Position statements

What legislators are saying

Rep. Tulsi Gabbard Cosponsors Bill to Help Independent Restaurants Devastated by Coronavirus Crisis
    — Rep. Tulsi Gabbard [D-HI2] (Co-sponsor) on Aug 5, 2020

Bacon champions for local funding in ne-02 through legislation
    — Rep. Don Bacon [R-NE2] (Co-sponsor) on Oct 20, 2020

Newhouse, Phillips Lead Bipartisan Letter to Protect Small Business Expenses in COVID-19 Package
    — Rep. Dan Newhouse [R-WA4] on Jul 28, 2020

More statements at ProPublica Represent...

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 is 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.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 7010 — 116th Congress: Paycheck Protection Program Flexibility Act of 2020.” www.GovTrack.us. 2020. October 25, 2020 <https://www.govtrack.us/congress/bills/116/hr7010>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.