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Calculate PPP Forgiveness Act of 2020

Introduced: July 2, 2020 Introduced by: King, Angus S., Jr. Independent · Maine See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 2, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jul 2, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

Calculate PPP Forgiveness Act of 2020

This bill requires the Small Business Administration to establish or certify an online calculator that allows recipients of assistance under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) to (1) estimate the amount of loan forgiveness for which they are eligible, and (2) assist with their applications to request loan forgiveness.

What's happening now July 2, 2020

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

 Committees of jurisdiction 1