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S. 4927

BillFederalSenateIn Committee
A bill to exclude EIDL advance amounts from the calculation of loan forgiveness under the paycheck protection program, and for other purposes.
About This Bill
Committee
Latest Action · November 30, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
116th (2019–2021)
Introduced
November 30, 2020
Cosponsors (9)
6D 3R
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Summary

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EIDL Forgiveness Act This bill modifies the loan forgiveness determination for a paycheck protection loan by excluding from such determination any advance amount for an economic injury disaster loan that was made to the recipient in relation to COVID-19 (i.e., coronavirus disease 2019).

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