Bill would establish PPP loan-forgiveness calculator

Jun 30, 2020

Reps. Ann Wagner (R-Mo.) and Wm. Lacy Clay (D-Mo.) introduced legislation to establish a free online calculator to complete Paycheck Protection Program loan-forgiveness forms.

The Calculate Loan Forgiveness Act would implement the ICBA-advocated policy to require the SBA and Treasury Department to establish or certify a free, accurate, and publicly accessible online calculator to help lenders and small businesses.

ICBA continues calling on community bankers to use its Be Heard grassroots action center to provide lawmakers with comprehensive policy recommendations as Congress considers the next COVID-19 legislative relief package.