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Paycheck Protection Small Business Forgiveness Act

Introduced: July 1, 2020 Introduced by: Cramer, Kevin Republican · North Dakota See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 30, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Paycheck Protection Small Business Forgiveness Act

This bill modifies loan forgiveness under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill provides for automatic forgiveness of a paycheck protection loan that is not more than $150,000 if the recipient submits a one-page form. Further, it prohibits any enforcement or other action against a lender relating to loan origination, forgiveness, or guarantee based on the lender's reliance on certifications or documentation submitted by a loan applicant or recipient.

What's happening now June 30, 2020

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

 Related & companion bills 1
  • HR 7777 Related bill Paycheck Protection Small Business Forgiveness Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 20
All 20 Democratic 1 Republican 18
D
Rosen, Jacky
Nevada · Dec 11, 2020
 R
Hyde-Smith, Cindy
Mississippi · Aug 6, 2020
 R
Kennedy, John
Louisiana · Aug 6, 2020
 R
Lankford, James
Oklahoma · Aug 4, 2020
 R
Sullivan, Dan
Alaska · Jul 28, 2020
 R
Cassidy, Bill
Louisiana · Jul 23, 2020
 R
Wicker, Roger F.
Mississippi · Jul 23, 2020
 R
Cruz, Ted
Texas · Jul 22, 2020
 R
Barrasso, John
Wyoming · Jul 21, 2020
 R
Boozman, John
Arkansas · Jul 21, 2020
 R
Cornyn, John
Texas · Jul 21, 2020
 R
Crapo, Mike
Idaho · Jul 21, 2020
 R
Daines, Steve
Montana · Jul 21, 2020
 R
Moran, Jerry
Kansas · Jul 21, 2020
 R
Murkowski, Lisa
Alaska · Jul 21, 2020
 R
Rounds, Mike
South Dakota · Jul 21, 2020
 R
Capito, Shelley Moore
West Virginia · Jul 1, 2020
 R
Cotton, Tom
Arkansas · Jul 1, 2020
McSally, Martha
· Jul 1, 2020
 R
Tillis, Thomas
North Carolina · Jun 30, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4117: Paycheck Protection Small Business Forgiveness Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-4117/
MLA
"S. 4117: Paycheck Protection Small Business Forgiveness Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4117/.
Bluebook (legal)
S. 4117, 116th Cong. (2026), https://openamerica.io/bill/116-S-4117/.
Markdown link
[S. 4117: Paycheck Protection Small Business Forgiveness Act](https://openamerica.io/bill/116-S-4117/)
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