PlainBillCongress, translated.Legislation. Context. Public interest.Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
Congressional Research Service
Version 00 · Introduced in Senate · Jun 2, 2020
Paycheck Protection Program Second Chance Act
This bill 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.
People & committees
Sen. Portman, Rob [R-OH] · R–OH
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-605.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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Analyze S.3865 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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