H. R. 7010, Paycheck Protection Program Flexibility Act of 2020

Business and Community Development, Tax and Budget Policy

Summary: 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. (Cosponsors)

ANGIE CRAIG’S POSITION:  Representative Craig Cosponsored the bill on 05/27/20.

STATUS: Introduced 05/26/20 by Rep. Phillips, Dean [D-MN-3] .

  • 05/28/2020-1:14pm – On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 – 1 (Roll no. 114). (text: CR H2332-2333)
    Action By: House of Representatives

INFORMATION RELATED TO THE BILL:

ADDITIONAL DETAIL: 

  • Link to the text of the bill.
  • Link to bill information (support and opposition) on Countable.
  • Link to bill information on GovTrack.