Calculate PPP Forgiveness Act of 2020

House Bill 7413 - Calculate PPP Forgiveness Act of 2020: Overview, Status, and Impact

Hozzl · 2022-02-08T23:16:48Z

Explore the details of House Bill 7413 Calculate PPP Forgiveness Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

2/8/2022, 11:16 PM

Congressional Summary of HR 7413

Calculate PPP Forgiveness Act of 2020

This bill requires the Small Business Administration to establish or certify an online calculator that allows recipients of assistance under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) to (1) estimate the amount of loan forgiveness for which they are eligible, and (2) assist with their applications to request loan forgiveness.

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Current Status of Bill HR 7413

Bill HR 7413 is currently in the status of Bill Introduced since June 29, 2020. Bill HR 7413 was introduced during Congress 116 and was introduced to the House on June 29, 2020. Bill HR 7413's most recent activity was Referred to the House Committee on Small Business. as of June 29, 2020

Bipartisan Support of Bill HR 7413

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7413

Primary Policy Focus

Commerce

Potential Impact Areas

- Business expenses

- Cardiovascular and respiratory health

- Emergency medical services and trauma care

- Government information and archives

- Government lending and loan guarantees

- Infectious and parasitic diseases

- Small business

- Wages and earnings

Alternate Title(s) of Bill HR 7413

Calculate PPP Forgiveness Act of 2020

To direct the Administrator of the Small Business Administration to establish or certify a calculator that assists lenders and recipients with paycheck protection program loan forgiveness, and for other purposes.

Calculate PPP Forgiveness Act of 2020