Summary: H.R.7413 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.7413. Bill summaries are authored by CRS.

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Introduced in House (06/29/2020)

Calculate PPP Forgiveness Act of 2020

This bill requires the Small Business Administration to establish or certify an online calculator that allows a recipient of assistance under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) to (1) estimate the amount of loan forgiveness for which they are eligible, and (2) assist with their application to request loan forgiveness.