Small-Dollar PPP Forgiveness Simplification Act of 2021
Summary
Small-Dollar PPP Forgiveness Simplification Act of 2021 This bill makes changes to the Paycheck Protection Program (PPP) to with respect to forgiveness of certain PPP loans. Specifically, the bill includes as covered loans under the PPP loan forgiveness program excess loan amounts that were received due to a good faith error. The bill also increases the threshold, from $150,000 to $350,000, used to determine whether a PPP loan may use the simplified forgiveness application.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2021
Committee Review
Floor Vote
President
Introduced Sep 7, 2021
Last action Sep 7, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 7, 2021
Committee
Referred to the House Committee on Small Business.
lower
Sep 7, 2021
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chrissy Houlahan
DDemocratic
Co
Bradley Scott Schneider
DDemocratic
Co
David N. Cicilline
DDemocratic
Co
Dwight Evans
DDemocratic
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