S. 4268 · 116th Congress
Employer Assistance Coordination Act
- Stage
- In committee
- Sponsor
- Maggie Hassan
- Introduced
- 2020-07-22
- Latest action
- 2020-07-22 · Introduced in Senate
Summary
Employer Assistance Coordination Act
This bill permits certain small employers who participate in the Payroll Protection Program established to assist such employers adversely affected by the COVID-19 (i.e., coronavirus disease 2019) public health emergency to also claim the refundable employee retention tax credit if their businesses have experienced a significant reduction in revenue or have closed pursuant to a government order. The bill prohibits employers from using funds from both programs based upon the same wages paid to their employees.