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PPP Loan Forgiveness Fairness for Engineering Services

This act ensures that engineering firms receiving Paycheck Protection Program (PPP) loans for payroll costs will not face cost reductions or refunds under government transportation contracts. This means PPP funds used for wages won't be seen as savings that could lower payments for engineering services in highway and public transportation projects. The provisions of this act are set to expire on June 30, 2025.
Key points
Engineering firms won't have to refund PPP payroll loan amounts under transportation contracts.
PPP funds for wages will not reduce payments for engineering services in transport projects.
These provisions are temporary, expiring on June 30, 2025.
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Additional Information
Print number: 117_HR_7838
Sponsor: Rep. Brown, Anthony G. [D-MD-4]
Process start date: 2022-05-19