US HB7777 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 81-50)
Status: Introduced on July 24 2020 - 25% progression
Action: 2020-07-24 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

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.

Tracking Information

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Title

Paycheck Protection Small Business Forgiveness Act

Sponsors

Rep. Chrissy Houlahan [D-PA]Rep. Fred Upton [R-MI]Rep. Bill Flores [R-TX]Rep. Brian Fitzpatrick [R-PA]
Rep. Peter Welch [D-VT]Rep. David Kustoff [R-TN]Rep. Steven Palazzo [R-MS]Rep. Dwight Evans [D-PA]
Rep. John Carter [R-TX]Rep. Harley Rouda [D-CA]Rep. Garland Barr [R-KY]Rep. Drew Ferguson [R-GA]
Rep. Michael Guest [R-MS]Rep. Ted Budd [R-NC]Rep. Joe Wilson [R-SC]Rep. Roger Williams [R-TX]
Rep. Frank Lucas [R-OK]Rep. Jim Cooper [D-TN]Rep. Michael McCaul [R-TX]Rep. David Roe [R-TN]
Rep. Bennie Thompson [D-MS]Rep. Troy Balderson [R-OH]Rep. Bob Gibbs [R-OH]Rep. John Curtis [R-UT]
Rep. Dan Bishop [R-NC]Rep. Chip Roy [R-TX]Rep. Morgan Griffith [R-VA]Rep. Nicholas Taylor [R-TX]
Rep. Jim Banks [R-IN]Rep. Trent Kelly [R-MS]Rep. Vicente Gonzalez [D-TX]Rep. Xochitl Torres Small [D-NM]
Rep. Jim Costa [D-CA]Rep. Roger Marshall [R-KS]Rep. James Baird [R-IN]Rep. French Hill [R-AR]
Rep. Elise Stefanik [R-NY]Rep. Doug LaMalfa [R-CA]Rep. Larry Bucshon [R-IN]Rep. Jeff Van Drew [D-NJ]
Rep. Kendra Horn [D-OK]Rep. Steve Stivers [R-OH]Rep. Tom Cole [R-OK]Rep. Jennifer Wexton [D-VA]
Rep. Jeff Duncan [R-SC]Rep. Austin Scott [R-GA]Rep. Barry Loudermilk [R-GA]Rep. Andy Kim [D-NJ]
Rep. John Katko [R-NY]Rep. Paul Mitchell [R-MI]Rep. Markwayne Mullin [R-OK]Rep. Sylvia Garcia [D-TX]
Rep. Henry Cuellar [D-TX]Rep. Ralph Norman [R-SC]Rep. Susan Brooks [R-IN]Rep. Ann Kuster [D-NH]
Rep. Jody Arrington [R-TX]Rep. Louie Gohmert [R-TX]Rep. Bruce Westerman [R-AR]Rep. Colin Allred [D-TX]
Rep. Fred Keller [R-PA]Rep. Angela Craig [D-MN]Rep. Will Hurd [R-TX]Rep. Veronica Escobar [D-TX]
Rep. Eric Crawford [R-AR]Rep. Jimmy Panetta [D-CA]Rep. Rick Allen [R-GA]Rep. Raja Krishnamoorthi [D-IL]
Rep. John Joyce [R-PA]Rep. Elaine Luria [D-VA]Rep. Haley Stevens [D-MI]Rep. John Moolenaar [R-MI]
Rep. Jared Huffman [D-CA]Rep. Michael Cloud [R-TX]Rep. Ro Khanna [D-CA]Rep. Josh Harder [D-CA]
Rep. Cheri Bustos [D-IL]Rep. Susan Davis [D-CA]Rep. Sanford Bishop [D-GA]Rep. Don Young [R-AK]
Rep. Charles Fleischmann [R-TN]Rep. Jack Bergman [R-MI]Rep. Alexander Mooney [R-WV]Rep. Christopher Jacobs [R-NY]
Rep. Amata Radewagen [D-AS]Rep. Gil Cisneros [D-CA]Rep. Bill Posey [R-FL]Rep. David Scott [D-GA]
Rep. Jamie Raskin [D-MD]Rep. David Loebsack [D-IA]Rep. Steve Womack [R-AR]Rep. Christopher Pappas [D-NH]
Rep. Dusty Johnson [R-SD]Rep. Billy Long [R-MO]Rep. Ron Kind [D-WI]Rep. Ed Case [D-HI]
Rep. Mark Green [R-TN]Rep. Mike Bost [R-IL]Rep. Lance Gooden [R-TX]Rep. Bill Foster [D-IL]
Rep. Suzanne Bonamici [D-OR]Rep. Sean Maloney [D-NY]Rep. Richard Hudson [R-NC]Rep. John Rose [R-TN]
Rep. Susan Wild [D-PA]Rep. Vicky Hartzler [R-MO]Rep. Dan Meuser [R-PA]Rep. Denver Riggleman [R-VA]
Rep. Ben McAdams [D-UT]Rep. Luis Correa [D-CA]Rep. Bradley Byrne [R-AL]Rep. Greg Stanton [D-AZ]
Rep. Blaine Luetkemeyer [R-MO]Rep. Kurt Schrader [D-OR]Rep. Terri Sewell [D-AL]Rep. Cathy McMorris Rodgers [R-WA]
Rep. Tom O'Halleran [D-AZ]Rep. Darin LaHood [R-IL]Rep. Derek Kilmer [D-WA]Rep. Guy Reschenthaler [R-PA]
Rep. David McKinley [R-WV]Rep. Bryan Steil [R-WI]Rep. Robert Wittman [R-VA]Rep. David Rouzer [R-NC]
Rep. Earl Carter [R-GA]Rep. Ken Calvert [R-CA]Rep. James Comer [R-KY]Rep. Mike Quigley [D-IL]
Rep. Jackie Walorski [R-IN]Rep. Donald Payne [D-NJ]Rep. Greg Steube [R-FL]

History

DateChamberAction
2020-07-24HouseReferred to the House Committee on Small Business.
2020-07-24HouseIntroduced in House

Same As/Similar To

SB4117 (Related) 2020-06-30 - Read twice and referred to the Committee on Small Business and Entrepreneurship.

Subjects


US Congress State Sources


Bill Comments

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