Small-Dollar PPP Forgiveness Simplification Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 7, 2021)
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.
What just happenedSep 7, 2021
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseSep 7, 2021
- Sep 7, 2021IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - Sep 7, 2021IntroReferralIntro-H
Introduced in House
- Sep 7, 2021IntroReferral1000
Introduced in House