Ask AI
Bill116th CongressFiled Nov 30, 2020Commerce
S. 4927

EIDL Forgiveness Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary introduced in senate (Nov 30, 2020)

EIDL Forgiveness Act

This bill modifies the loan forgiveness determination for a paycheck protection loan by excluding from such determination any advance amount for an economic injury disaster loan that was made to the recipient in relation to COVID-19 (i.e., coronavirus disease 2019).

What just happenedNov 30, 2020

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Who’s behind it

Sen. King, Angus S., Jr. [I-ME](I-ME)Sponsor
9 cosponsors6 D3 R
Read on Congress.gov
9cosponsors1committees2actions1related bills4subjects
  1. Nov 30, 2020IntroReferral

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Small Business and Entrepreneurship Committee
  2. Nov 30, 2020IntroReferral10000

    Introduced in Senate

EIDL Forgiveness Act — Informed