HR 7413
Calculate PPP Forgiveness Act of 2020
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill requires the Small Business Administration (SBA) to create or approve an online calculator to help businesses and lenders estimate how much of their Paycheck Protection Program (PPP) loan they can forgive. The calculator would be free to use and accessible to the public, assisting with the application process for loan forgiveness. The SBA will maintain a list of approved calculators and coordinate with the Treasury Department to ensure smooth implementation.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Billy Long
Blaine Luetkemeyer
Bobby L. Rush
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.