A bill to direct the Administrator of the Small Business Administration to establish or certify a calculator to assist lenders and recipients with paycheck protection program loan forgiveness, and for other purposes.
About This Bill
Committee
Latest Action · July 2, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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.
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