US SB4954 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 3 2020 - 25% progression, died in committee
Action: 2020-12-03 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 3 2020 - 25% progression, died in committee
Action: 2020-12-03 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Revises the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to simplify the application process for loan forgiveness and to establish or certify an online calculator that allows loan recipients to (1) estimate the amount of forgiveness for which they are eligible, and (2) assist with their loan forgiveness applications.
Title
Simplifying PPP Forgiveness Act
Sponsors
| Sen. John Kennedy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-12-03 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
HB7413 (Related) 2020-06-29 - Referred to the House Committee on Small Business.
SB4171 (Related) 2020-07-02 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
SB4171 (Related) 2020-07-02 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Subjects
Business expenses
Cardiovascular and respiratory health
Commerce
Emergency medical services and trauma care
Government information and archives
Government lending and loan guarantees
Government studies and investigations
Infectious and parasitic diseases
Small business
Wages and earnings
Cardiovascular and respiratory health
Commerce
Emergency medical services and trauma care
Government information and archives
Government lending and loan guarantees
Government studies and investigations
Infectious and parasitic diseases
Small business
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4954/all-info |
| Text | https://www.congress.gov/116/bills/s4954/BILLS-116s4954is.pdf |
