H.R. 5190 · 117th Congress
Small-Dollar PPP Forgiveness Simplification Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HoulahanSponsor3 cosponsors · 3 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill makes changes to the Paycheck Protection Program (PPP) to with respect to forgiveness of certain PPP loans.
What it does: CRS summary · Introduced in House · Sep 7, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small-Dollar PPP Forgiveness Simplification Act of 2021
Latest action (Sep 7, 2021): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Sep 7, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.