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No PPP Loan Refunds for Transportation Contracts

This bill clarifies that transportation companies that received Paycheck Protection Program (PPP) loans for payroll costs do not have to refund these amounts or reduce costs in their contracts with the Department of Transportation. This means that forgiven PPP loan money will not be considered savings that companies must return to the government under cost-reimbursement agreements. This provision is set to expire on June 30, 2025.
Key points
Transportation companies will not be required to refund forgiven PPP loan amounts used for payroll under their government contracts.
This provision applies to cost-reimbursement contracts for highway and public transportation projects.
The bill aims to ensure that PPP loan forgiveness does not create additional financial burdens for transportation contractors.
These rules will be effective until June 30, 2025.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3711
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2022-02-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3711.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-02-28.

What are the main provisions?

Key points include:

  • Transportation companies will not be required to refund forgiven PPP loan amounts used for payroll under their government contracts.
  • This provision applies to cost-reimbursement contracts for highway and public transportation projects.
  • The bill aims to ensure that PPP loan forgiveness does not create additional financial burdens for transportation contractors.
  • These rules will be effective until June 30, 2025.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Transport Economy Public Investments