H.R. 6987 · 116th Congress
To include payments for waste and recycling collection services as covered utility payments for purposes of calculating the eligible amount for forgiveness of indebtedness on a paycheck protection program loan.
- Stage
- In committee
- Sponsor
- David McKinley
- Introduced
- 2020-05-22
- Latest action
- 2020-05-22 · Introduced in House
Summary
This bill expands loan forgiveness under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include amounts from a paycheck protection loan that a recipient expends for waste and recycling collection.