Library / Laws / 116th / hr / H.R. 6522 / Introduced in House
I
116th CONGRESS
2d Session
H. R. 6522
IN THE HOUSE OF REPRESENTATIVES
April 17, 2020Mr. Smith of New Jersey (for himself and Mr. Norcross) introduced the following bill; which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act to include certain business and labor organizations in the paycheck protection program, and for other purposes.
1.
Short title
This Act may be cited as the Paycheck Protection Program Expansion Act of 2020 or the PPP Expansion Act of 2020.
2.
Inclusion of certain business organizations in the paycheck protection program
Section 7(a)(36)(A)(vii) of the Small Business Act is amended by striking section 501(c)(3) of the Internal Revenue Code of 1986 and inserting paragraph (3), (5), or (6) of section 501(c) of the Internal Revenue Code of 1986.