US Congress Senate Bill 3865 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 2 2020 - 25% progression, died in chamber
Action: 2020-06-10 - Committee on Small Business and Entrepreneurship. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Requires specified treatment of certain criminal violations under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides that an entity shall not be ineligible for a paycheck protection loan if certain owners have prior arrests or convictions, unless the owner (1) is incarcerated as of the date of the loan application, or (2) has been convicted of a felony of financial fraud or deception during the five-year period prior to the loan application.

Paycheck Protection Program Second Chance Act

Sen. Rob Portman [R-OH]	Sen. Benjamin Cardin [D-MD]	Sen. James Lankford [R-OK]	Sen. Cory Booker [D-NJ]
Sen. Joni Ernst [R-IA]	Sen. Tammy Duckworth [D-IL]	Sen. Cory Gardner [R-CO]

Date	Chamber	Action
2020-06-10	Senate	Committee on Small Business and Entrepreneurship. Hearings held.
2020-06-02	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

SB4818 (Related) 2020-12-10 - Committee on Small Business and Entrepreneurship. Hearings held.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/3865/all-info
Text	https://www.congress.gov/116/bills/s3865/BILLS-116s3865is.pdf