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A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.
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vs 5,357 other S bills in the 117th — cohort avg 38d
This bill exempts until June 30, 2025, certain contractors that receive federal highway or public transportation funding from having to adjust costs associated with their contracts to account for loan forgiveness through the Paycheck Protection Program (PPP). (The PPP provided small businesses with loans for payroll and other costs to respond to the COVID-19 emergency with loan forgiveness under certain conditions.) Under current law, a contractor with a cost-reimbursable contract must reduce costs or provide cash refunds to the Department of Transportation (or a state department of transportation) if the contractor receives or accrues any income, rebate, allowance, or other credit relating to an allowable contract cost, which includes PPP loan forgiveness.
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Filing registrants (1)
2022 · fourth_quarter · Small Business
Monitor and advocate for flexibility in the Paycheck Protection Program as it relates to Federal Acquisition Rules, including in H.R. 7776 the FY 2023 National Defense Authorization Act. Support S. 3711, A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.
Client expense: Not reported · Firm income: $50,000
Read twice and referred to the Committee on Environment and Public Works.
Introduced in Senate
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Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Small Business
Monitor and advocate for flexibility in the Paycheck Protection Program as it relates to Federal Acquisition Rules, including in Fiscal Year 2022 NDAA. Support S. 3711, A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Small Business
Monitor and advocate for flexibility in the Paycheck Protection Program as it relates to Federal Acquisition Rules, including in Fiscal Year 2022 Appropriations Bills, S.4008 the Small Business COVID Relief Act, and H.R.5376, Build Back Better Act. Support S. 3711, A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Small Business
Monitor and advocate for flexibility in the Paycheck Protection Program as it relates to Federal Acquisition Rules, including in H.R.4350/S.2792, National Defense Authorization Act for Fiscal Year 2022, Fiscal Year 2022 Appropriations Bills, and H.R.5376, Build Back Better Act and draft Senate legislation; support S.3711, A bill to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans, and for other purposes.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE