H.R.7777: Paycheck Protection Small Business Forgiveness Act

About This Bill

  • Introduced July 24, 2020
  • Latest Major Action July 24, 2020

Bill Cosponsors

137 (53 Democrats, 84 Republicans)

Bill Version

Bill Summary

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. Such form must allow a recipient to submit specified demographc...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 4 statements associated with H.R.7777.

Bill Actions

Date Description
July 24, 2020
Referred to the House Committee on Small Business.
July 24, 2020

Introduced in the House by Chrissy Houlahan (D-Pa.)

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