Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 4117 (116th)

Paycheck Protection Small Business Forgiveness Act

referredUnited States· United States Congress· EN

Introduced

30 June 2020

Last action

30 June 2020 · Introduced

Status

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Sen. Cramer, Kevin [R-ND], Sen. Menendez, Robert [D-NJ], Sen. Tillis, Thomas [R-NC], Sen. Sinema, Kyrsten [I-AZ], Sen. Cotton, Tom [R-AR], Sen. Capito, Shelley Moore [R-WV], Sen. McSally, Martha [R-AZ], Sen. Crapo, Mike [R-ID], Sen. Cornyn, John [R-TX], Sen. Moran, Jerry [R-KS], Sen. Perdue, David [R-GA], Sen. Loeffler, Kelly [R-GA], Sen. Murkowski, Lisa [R-AK], Sen. Barrasso, John [R-WY], Sen. Rounds, Mike [R-SD], Sen. Daines, Steve [R-MT], Sen. Manchin, Joe, III [D-WV], Sen. Blunt, Roy [R-MO], Sen. Boozman, John [R-AR], Sen. Cruz, Ted [R-TX], Sen. Burr, Richard [R-NC], Sen. Cassidy, Bill [R-LA], Sen. Gardner, Cory [R-CO], Sen. Wicker, Roger F. [R-MS], Sen. Sullivan, Dan [R-AK], Sen. Jones, Doug [D-AL], Sen. Lankford, James [R-OK], Sen. Hyde-Smith, Cindy [R-MS], Sen. Kennedy, John [R-LA], Sen. Inhofe, James M. [R-OK], Sen. Enzi, Michael B. [R-WY], Sen. Sasse, Ben [R-NE], Sen. Rosen, Jacky [D-NV]

Subjects

Discovery layer

Source updated

14 January 2025

Official sourceDownload fileView documentsShare

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.

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

Timeline

  1. 30 June 2020

    Introduced

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

  2. 30 June 2020

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

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

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

  • Introduced in Senate (text)

    Introduced in Senate · EN · 30 June 2020

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 30 June 2020

    ViewDownloadOpen at official source

    Leesvertaling

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

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

  • Introduced in Senate

    summary · EN · 30 June 2020

    Open at official source

    Leesvertaling

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

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

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.