Paycheck Protection Small Business Forgiveness Act

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 July 2020

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 24 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 July 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 July 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 July 2020

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 24 July 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Houlahan, Chrissy [D-PA-6] · D · Sponsor
• Rep. Upton, Fred [R-MI-6] · R · Sponsor
• Rep. Flores, Bill [R-TX-17] · R · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• Sen. Welch, Peter [D-VT] · D · Sponsor
• Rep. Kustoff, David [R-TN-8] · R · Sponsor
• Rep. Palazzo, Steven M. [R-MS-4] · R · Sponsor
• Rep. Evans, Dwight [D-PA-3] · D · Sponsor
• Rep. Carter, John R. [R-TX-31] · R · Sponsor
• Rep. Rouda, Harley [D-CA-48] · D · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Ferguson, A. Drew, IV [R-GA-3] · R · Sponsor
• Rep. Guest, Michael [R-MS-3] · R · Sponsor
• Sen. Budd, Ted [R-NC] · R · Sponsor
• Rep. Wilson, Joe [R-SC-2] · R · Sponsor
• Rep. Williams, Roger [R-TX-25] · R · Sponsor
• Rep. Lucas, Frank D. [R-OK-3] · R · Sponsor
• Rep. Cooper, Jim [D-TN-5] · D · Sponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Sponsor
• Rep. Roe, David P. [R-TN-1] · R · Sponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Sponsor
• Rep. Balderson, Troy [R-OH-12] · R · Sponsor
• Rep. Gibbs, Bob [R-OH-7] · R · Sponsor
• Sen. Curtis, John R. [R-UT] · R · Sponsor
• Rep. Bishop, Dan [R-NC-8] · R · Sponsor
• Rep. Roy, Chip [R-TX-21] · R · Sponsor
• Rep. Griffith, H. Morgan [R-VA-9] · R · Cosponsor
• Van Taylor · R · Cosponsor
• Sen. Banks, Jim [R-IN] · R · Cosponsor
• Rep. Kelly, Trent [R-MS-1] · R · Cosponsor
• Rep. Gonzalez, Vicente [D-TX-34] · D · Cosponsor
• Rep. Torres Small, Xochitl [D-NM-2] · D · Cosponsor
• Rep. Costa, Jim [D-CA-21] · D · Cosponsor
• Sen. Marshall, Roger [R-KS] · R · Cosponsor
• Rep. Baird, James R. [R-IN-4] · R · Cosponsor
• Rep. Hill, J. French [R-AR-2] · R · Cosponsor
• Rep. Stefanik, Elise M. [R-NY-21] · R · Cosponsor
• Rep. LaMalfa, Doug [R-CA-1] · R · Cosponsor
• Rep. Bucshon, Larry [R-IN-8] · R · Cosponsor
• Rep. Van Drew, Jefferson [R-NJ-2] · R · Cosponsor
• Rep. Horn, Kendra S. [D-OK-5] · D · Cosponsor
• Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
• Rep. Cole, Tom [R-OK-4] · R · Cosponsor
• Rep. Wexton, Jennifer [D-VA-10] · D · Cosponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Cosponsor
• Rep. Scott, Austin [R-GA-8] · R · Cosponsor
• Rep. Loudermilk, Barry [R-GA-11] · R · Cosponsor
• Sen. Kim, Andy [D-NJ] · D · Cosponsor

Showing 48 of 139 sponsors and actors.

Related records

• related to → Paycheck Protection Small Business Forgiveness Act