H.R. 6918: Paycheck Recovery Act of 2020
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H.R. 6918: Paycheck Recovery Act of 2020
116th Congress · introduced 2020-05-19 · Commerce · Latest: Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Follow this bill, step by step
- Where it came from: introduced 2020-05-19 · official record
- Who proposed it: Rep. Jayapal, Pramila [D-WA-7] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Paycheck Recovery Act of 2020
Plain summary
Paycheck Recovery Act of 2020 This bill directs the Department of the Treasury to establish a paycheck recovery program to provide grants for certain small businesses and employers that have lost revenue because of COVID-19 (i.e., coronavirus disease 2019) to pay wages and fixed expenses such as rent, utilities, and safety equipment. Treasury shall award such grants to employers that have experienced revenue losses above a 10% gross receipts threshold or to small businesses that employ 20 or fewer individuals and have annual gross receipts of less than $3 million. Recipients shall receive an initial, 90-day grant that covers the percentage of revenue loss multiplied by wages provided to an employee (up to a salary cap of $90,000), plus an additional 25% of total wages to cover business operating costs. Subsequent grants shall be disbursed on a monthly basis until the nationwide unemployment rate remains below 7% for three consecutive months, at which point Treasury shall terminate the program. An employer receiving a grant must meet certain conditions related to share repurchases, payments to shareholders or bondholders, and executive compensation and bonuses, as well as conditions relating to labor protections such as keeping employees on payroll and benefits. The bill also establishes a Congressional Paycheck Recovery Program Implementation Oversight Board to ensure employers that receive grants use the funds appropriately and comply with all conditions.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Paycheck Recovery Act of 2020
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Jayapal, Pramila [D-WA-7] · 110 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Haley M. Stevens (D-MI), Adam B. Schiff (D-CA), Sean Casten (D-IL), Mark Pocan (D-WI), Veronica Escobar (D-TX), Alma S. Adams (D-NC), Joyce Beatty (D-OH), Donald S. Beyer, Jr. (D-VA), Lisa Blunt Rochester (D-DE), Suzanne Bonamici (D-OR), Brendan F. Boyle (D-PA), Julia Brownley (D-CA), Joaquin Castro (D-TX), André Carson (D-IN), Judy Chu (D-CA), Katherine M. Clark (D-MA), Yvette D. Clarke (D-NY), Emanuel Cleaver (D-MO), Steve Cohen (D-TN), Rosa L. DeLauro (D-CT), Debbie Dingell (D-MI), Adriano Espaillat (D-NY), Dwight Evans (D-PA), Jesús G. "Chuy" García (D-IL), Sylvia R. Garcia (D-TX), Jahana Hayes (D-CT), Steven Horsford (D-NV), Hakeem S. Jeffries (D-NY), Henry C. "Hank" Johnson, Jr. (D-GA), John B. Larson (D-CT), Mike Levin (D-CA), Ted Lieu (D-CA), James P. McGovern (D-MA), Grace Meng (D-NY), Joseph D. Morelle (D-NY), Jerrold Nadler (D-NY), Joe Neguse (D-CO), Eleanor Holmes Norton (D-DC), Alexandria Ocasio-Cortez (D-NY), Ilhan Omar (D-MN), Frank Pallone, Jr. (D-NJ) and 50 more.
Sponsor's campaign money: Rep. Jayapal, Pramila [D-WA-7] reported raising $2.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr6918.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>
Record fed-us-cong116-hr6918 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116