Summary: S.4954 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.4954. Bill summaries are authored by CRS.

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Introduced in Senate (12/03/2020)

This bill 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.