Simplifying PPP Forgiveness Act

United States116th CongressS-4954Senate
Updated: Dec 3, 2020

Summary

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.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

  1. Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Senate

  2. Introduced in Senate

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