S 4954
116th Congress
Senate
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Simplifying PPP Forgiveness Act
Introduced: December 3, 2020
Introduced by:
Kennedy, John
Republican
· Louisiana
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Dec 3, 2020
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
1