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.
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.
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