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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Paycheck Protection Small Business Forgiveness Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to provide automatic forgiveness for paycheck protection program loans under $150,000, and for other purposes.


Actions Overview (1)

Date Actions Overview
06/30/2020Introduced in Senate

All Actions (1)

Date All Actions
06/30/2020Read twice and referred to the Committee on Small Business and Entrepreneurship.
Action By: Senate

Cosponsors (31)


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Small Business and Entrepreneurship06/30/2020 Referred to

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Latest Summary (1)

There is one summary for S.4117. View summaries

Shown Here:
Introduced in Senate (06/30/2020)

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.