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

116th Congress · introduced 2020-05-26 · Commerce · Latest: Became Public Law No: 116-142.

federal

Follow this bill, step by step

Where it came from: introduced 2020-05-26 · official record
Who proposed it: Rep. Phillips, Dean [D-MN-3] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 114 (2020): On Motion to Suspend the Rules and Pass, as Amended, HR7010 (2020-05-28), Passed. See all
Where it stands now: Became Public Law No: 116-142. (final step reached)
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Paycheck Protection Program Flexibility Act of 2020

Plain summary

Paycheck Protection Program Flexibility Act of 2020 This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan with a remaining balance after forgiveness. The bill also extends the covered period during which a loan recipient may use such funds for certain expenses while remaining eligible for forgiveness. The bill raises the non-payroll portion of a forgivable covered loan amount from the current 25% up to 40%. The bill extends the period in which an employer may rehire or eliminate a reduction in employment, salary, or wages that would otherwise reduce the forgivable amount of a paycheck protection loan. However, the forgivable amount must be determined without regard to a reduction in the number of employees if the recipient is (1) unable to rehire former employees and is unable to to hire similarly qualified employees, or (2) unable to return to the same level of business activity due to compliance with federal requirements or guidance related to COVID-19. Additionally, the bill revises the deferral period for paycheck protection loans, allowing recipients to defer payments until they receive compensation for forgiven amounts. Recipients who do not apply for forgiveness shall have 10 months from the program's expiration to begin making payments. The bill also eliminates a provision that makes a paycheck protection loan recipient who has such indebtedness forgiven ineligible to defer payroll tax payments. Lastly, the bill is designated as an emergency requirement pursuant to the Statutory Pay-As-You-Go Act of 2010 (PAYGO) and the Senate PAYGO rule.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Paycheck Protection Program Flexibility Act of 2020

Source: Congressional Research Service summary (Public Law)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Phillips, Dean [D-MN-3] · 86 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Chip Roy (R-TX), Brian K. Fitzpatrick (R-PA), Andy Harris (R-MD), Kim Schrier (D-WA), Peter Welch (D-VT), Chris Pappas (D-NH), Grace Meng (D-NY), David P. Joyce (R-OH), Jack Bergman (R-MI), David Schweikert (R-AZ), Raja Krishnamoorthi (D-IL), Ami Bera (D-CA), Jefferson Van Drew (R-NJ), Neal P. Dunn (R-FL), Kathy Castor (D-FL), Elise M. Stefanik (R-NY), Betty McCollum (D-MN), Joe Courtney (D-CT), John Joyce (R-PA), John R. Curtis (R-UT), Pete Stauber (R-MN), Don Bacon (R-NE), John R. Carter (R-TX), Ed Case (D-HI), Troy Balderson (R-OH), Tim Burchett (R-TN), Josh Gottheimer (D-NJ), John R. Moolenaar (R-MI), Eleanor Holmes Norton (D-DC), Gilbert Ray Cisneros, Jr. (D-CA), Jahana Hayes (D-CT), Ben Ray Luján (D-NM), Scott H. Peters (D-CA), Suzanne Bonamici (D-OR), Elissa Slotkin (D-MI) and 26 more.

Recorded votes

House roll call 114 (2020): On Motion to Suspend the Rules and Pass, as Amended, HR7010 (2020-05-28): Passed

Words on this page, explained (3)

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).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Public Law)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr7010.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr7010 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116