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- H.R.7777
H.R.7777: Paycheck Protection Small Business Forgiveness Act
About This Bill
- Introduced July 24, 2020
- Latest Major Action July 24, 2020
Bill Sponsor
Bill Cosponsors
137 (53 Democrats, 84 Republicans)
Bill Version
- Introduced in House - July 24, 2020
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
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.) |