Paycheck Protection Program Integrity Act of 2020
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Paycheck Protection Program Integrity Act of 2020
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 reduces the amount of loan forgiveness by (1) the amount of a recipient's after-tax income, or (2) the increase in net assets if the recipient is a nonprofit organization. A recipient seeking loan forgiveness must submit documentation verifying after-tax income and net assets to determine any paycheck protection loan repayment.
Further, the bill requires the disclosure of paycheck protection loan information in accordance with applicable laws.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 4489: Paycheck Protection Program Integrity Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4489/
"S. 4489: Paycheck Protection Program Integrity Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4489/.
S. 4489, 116th Cong. (2026), https://openamerica.io/bill/116-S-4489/.
[S. 4489: Paycheck Protection Program Integrity Act of 2020](https://openamerica.io/bill/116-S-4489/)