United States · Bill · S
S. 4117 (116th)
Paycheck Protection Small Business Forgiveness Act
Introduced
30 June 2020
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
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. 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.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 30 June 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 30 June 2020
Introduced in Senate
summary · EN · 30 June 2020
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4117
- Open data entity: https://api.congress.gov/v3/bill/116/s/4117