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Simplifying PPP Forgiveness Act

USA116th CongressS-4954| Senate 
| Updated: 12/3/2020
John Kennedy

John Kennedy

Republican Senator

Louisiana

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill revises the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to simplify the application process for loan forgiveness and to establish or certify an online calculator that allows loan recipients to (1) estimate the amount of forgiveness for which they are eligible, and (2) assist with their loan forgiveness applications.
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Timeline
Dec 3, 2020
Introduced in Senate
Dec 3, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • December 3, 2020
    Introduced in Senate


  • December 3, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Related Bills

  • S 116-4171: Calculate PPP Forgiveness Act of 2020
  • HR 116-7413: Calculate PPP Forgiveness Act of 2020
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesSmall businessWages and earnings

Simplifying PPP Forgiveness Act

USA116th CongressS-4954| Senate 
| Updated: 12/3/2020
This bill revises the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to simplify the application process for loan forgiveness and to establish or certify an online calculator that allows loan recipients to (1) estimate the amount of forgiveness for which they are eligible, and (2) assist with their loan forgiveness applications.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 3, 2020
Introduced in Senate
Dec 3, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • December 3, 2020
    Introduced in Senate


  • December 3, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
John Kennedy

John Kennedy

Republican Senator

Louisiana

Small Business and Entrepreneurship Committee

Commerce

Related Bills

  • S 116-4171: Calculate PPP Forgiveness Act of 2020
  • HR 116-7413: Calculate PPP Forgiveness Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesSmall businessWages and earnings