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H.R. 7777 · 116th Congress

Paycheck Protection Small Business Forgiveness Act

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

CHD HoulahanSponsor
137 cosponsors · 52 D, 85 R
ABR Barr TBR Budd TBR Balderson DBR Bishop JCD Cooper JCR Carter JCR Curtis DED Evans BFR Flores AFR Ferguson BFR Fitzpatrick BGR Gibbs MGR Guest DKR Kustoff FLR Lucas MMR McCaul SPR Palazzo PRR Roe CRR Roy HRD Rouda BTD Thompson FUR Upton JWR Wilson PWD Welch RWR Williams LBR Bucshon JBR Banks JBR Baird TCR Cole JCD Costa HGR Griffith VGD Gonzalez JHR Hill KHD Horn TKR Kelly DLR LaMalfa RMR Marshall SSR Stivers ESR Stefanik VTR Taylor XTD Torres Small JVR Van Drew HCD Cuellar JDR Duncan SGD Garcia JKR Katko AKD Kim BLR Loudermilk MMR Mullin PMR Mitchell ASR Scott JWD Wexton JAR Arrington SBR Brooks LGR Gohmert AKD Kuster RNR Norman CAD Allred ACD Craig FKR Keller BWR Westerman RAR Allen RCR Crawford VED Escobar WHR Hurd JPD Panetta JJR Joyce RKD Krishnamoorthi ELD Luria HSD Stevens MCR Cloud JHD Huffman JHD Harder RKD Khanna JMR Moolenaar CBD Bustos SDD Davis SBD Bishop JBR Bergman CFR Fleischmann CJR Jacobs AMR Mooney DYR Young GCD Cisneros BPR Posey AAR Amata Radewagen JRD Raskin DSD Scott ECD Case DJR Johnson RKD Kind DLD Loebsack BLR Long CPD Pappas SWR Womack SBD Bonamici MBR Bost BFD Foster LGR Gooden MGR Green VHR Hartzler RHR Hudson SMD Maloney JRR Rose SWD Wild DMR Meuser BMD McAdams DRR Riggleman BBR Byrne JCD Correa BLR Luetkemeyer KSD Schrader TSD Sewell GSD Stanton KCR Calvert BCR Carter JCR Comer DKD Kilmer DLR LaHood CMR McMorris Rodgers DMR McKinley TOD O’Halleran DRR Rouzer GRR Reschenthaler BSR Steil RWR Wittman DPD Payne MQD Quigley WSR Steube JWR Walorski CCD Crist AGD Green GMR Murphy CPD Peterson ACD Carson BLD Lawrence JRR Rutherford

25 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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).

What it does: CRS summary · Introduced in House · Jul 24, 2020

Paycheck Protection Small Business Forgiveness Act

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 provides for automatic forgiveness of a paycheck protection loan that is not more than $150,000 if the recipient submits a one-page form. Such form must allow a recipient to submit specified demographc and expenditure information, and certain individuals (e.g., the President, the Vice President, or the head of an executive department) are not eligible for such forgiveness.

Further, the bill prohibits any enforcement or other action against a lender relating to loan origination, forgiveness, or guarantee based on the lender's reliance on certifications or documentation submitted by a loan applicant or recipient.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Paycheck Protection Small Business Forgiveness Act

Latest action (Jul 24, 2020): Referred to the House Committee on Small Business.

Policy area: Commerce · Origin: House · Introduced: Jul 24, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.