Colorado 2020 First Extraordinary Session Status: Introduced 1 R cosponsors

HB 20B-1015 — Small Business Paycheck Protection Loan Program

Last action — Introduced In House - Assigned to Finance

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 First Extraordinary Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

The bill creates the small business paycheck protection loan program (program). The program provides loans to eligible small businesses that have received a loan from the federal paycheck protection program, created in the federal "Coronavirus Aid, Relief, and Economic Security Act" ("CARES Act") and expanded in the "Paycheck Protection Program and Health Care Enhancement Act", and that continue to face economic hardship due to the COVID-19 pandemic. A loan issued to a small business may not exceed the lesser of 20% of the business's approved federal paycheck protection loan or $100,000. Each loan is deferred until the loan's maturity date and may be forgiven if the small business uses the loan solely for qualified purposes. (Note: This summary applies to this bill as introduced.)

Bill Text

Amendments

1 amendment

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Action History

  1. Introduced In House - Assigned to Finance

  2. House Committee on Finance Postpone Indefinitely

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 101 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (101)

101 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety finance labor
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Frequently asked questions

What does HB 20B-1015 do?
The bill creates the small business paycheck protection loan program (program). The program provides loans to eligible small businesses that have received a loan from the federal paycheck protection program, created in the federal "Coronavirus Aid, Relief, and Economic Security Act" ("CARES Act") and expanded in the "Paycheck Protection Program and Health Care Enhancement Act", and that continue to face economic hardship due to the COVID-19 pandemic. A loan issued to a small business may not exceed the lesser of 20% of the business's approved federal paycheck protection loan or $100,000. Each loan is deferred until the loan's maturity date and may be forgiven if the small business uses the loan solely for qualified purposes. (Note: This summary applies to this bill as introduced.)
Who sponsors HB 20B-1015?
HB 20B-1015 is sponsored by Larry Liston (Republican).
What is the current status of HB 20B-1015?
This bill died with 2020 First Extraordinary Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 20B-1015?
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Last checked for changes 3 months ago · updated continuously

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