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
116th Congress (2019–2021)
Enacted — Signed by the President on Jun 5, 2020
This bill was enacted after being signed by the President on June 5, 2020.
86 Cosponsors (56 Democrats, 30 Republicans)
Position statements
What legislators are saying
“Rep. Tulsi Gabbard Cosponsors Bill to Help Independent Restaurants Devastated by Coronavirus Crisis”
—
Rep. Tulsi Gabbard [D-HI2, 2013-2020]
(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
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
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.
How to cite this information.
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“H.R. 7010 — 116th Congress: Paycheck Protection Program Flexibility Act of 2020.” www.GovTrack.us. 2020. May 31, 2023 <https://www.govtrack.us/congress/bills/116/hr7010>
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