HR 5190
117th Congress
House
Commerce
Small-Dollar PPP Forgiveness Simplification Act of 2021
Introduced: September 7, 2021
Introduced by:
Houlahan, Chrissy
Democratic
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 7, 2021
Referred to the House Committee on Small Business.
Sep 7, 2021
Introduced in House
Plain-English summary
Small-Dollar PPP Forgiveness Simplification Act of 2021
This bill makes changes to the Paycheck Protection Program (PPP) to with respect to forgiveness of certain PPP loans.
Specifically, the bill includes as covered loans under the PPP loan forgiveness program excess loan amounts that were received due to a good faith error.
The bill also increases the threshold, from $150,000 to $350,000, used to determine whether a PPP loan may use the simplified forgiveness application.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1