S. 4117 · 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.
R
CramerSponsor32 cosponsors · 5 D, 27 R
D
Menendez
KS
D
Sinema
TT
R
Tillis
SC
R
Capito
TC
R
Cotton
MM
R
McSally
RB
R
Blunt
JB
R
Boozman
JB
R
Barrasso
MC
R
Crapo
JC
R
Cornyn
SD
R
Daines
KL
R
Loeffler
JM
R
Moran
LM
R
Murkowski
JM
D
Manchin
DP
R
Perdue
MR
R
Rounds
TC
R
Cruz
RB
R
Burr
BC
R
Cassidy
CG
R
Gardner
RW
R
Wicker
DS
R
Sullivan
DJ
D
Jones
JL
R
Lankford
CH
R
Hyde-Smith
JK
R
Kennedy
ME
R
Enzi
JI
R
Inhofe
BS
R
Sasse
JR
D
Rosen3 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 Senate · Jun 30, 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. Further, it 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 (Jun 30, 2020): Read twice and referred to the Committee on Small Business and Entrepreneurship.
Policy area: Commerce · Origin: Senate · Introduced: Jun 30, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.