,,ii  #aafth ,,congress  #b;d ,session  
,s4 #daag  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #cj1     
#bjbj,mr4 ,cramer 7for himself1 ,mr4    
,menendez1 ,mr4 ,tillis1 and ,ms4       
,sinema7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,small ,business and     
,entrepreneurship  ,a ,,bill  ,to       
provide automatic forgiveness for       
paycheck protection program loans under 
#aej1jjj1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,paycheck ,protection ,small        
,business ,forgiveness ,act4  #b4 ,loan 
forgiveness for ,,ppp loans under       
#aej1jjj ,section #aajf of the ,,cares  
,act 7,public ,law #aaf-acf7 is         
amended-- 7#a7 in subsection 7e71 in the
 matter preceding paragraph 7#a71 by    
striking ,an eligible and inserting     
,except as provided in subsection 7m71  
an eligible2  7#b7 in subsection 7f71 by
 inserting or the information required  
under subsection 7m71 as applicable     

after subsection 7e72  7#c7 by striking 
subsection 7h7 and inserting the        
following3  7h7 ,hold harmless  7#a7 ,in
 general ,a lender may rely on all      
certifications and documentation        
submitted by an applicant or eligible   
recipient pursuant to any requirement in
 statute regarding covered loans1 or    
rules or guidance promulgated to carry  
out any action relating to covered      
loans1 from an applicant or eligible    
recipient attesting that the applicant  
or eligible recipient has accurately    
verified all documentation provided to  
the lender4  7#b7 ,no enforcement action
 ,with respect to a lender that relies  
on the certifications and documentation 
described in paragraph 7#a7-- 7,a7 no   
enforcement or other action may be taken
 against the lender relating to loan    
origination1 forgiveness1 or guarantee  
based on such reliance1 including claims
 under-- 7i7 the ,small ,business ,act  
7#ae ,u4,s4,c4 #fca et seq472  7ii7     
sections #cgbi through #cgcc of title   

#ca1 ,united ,states ,code 7commonly    
known as the ,false ,claims ,act72      
7iii7 the ,financial ,institutions      
,reform1 ,recovery1 and ,enforcement    
,act 7,public ,law #aja-gc72  7iv7      
section #ba of the ,federal ,deposit    
,insurance ,act 7#ab ,u4,s4,c4 #ahbi;b71
 chapter #b of title ,i of ,public ,law 
#ia-ejh 7#ab ,u4,s4,c4 #aiea et seq471  
and subchapter ,,ii of chapter #ec of   
title #ca1 ,united ,states ,code        
7collectively known as the ,bank        
,secrecy ,act72 or  7v7 any other       
,federal1 ,state1 or other criminal or  
civil law or regulation2 and  7,b7 the  
lender shall not be subject to any      
penalties relating to loan origination1 
forgiveness1 or guarantee based on such 
reliance4  2 and  7#d7 by adding at the 
end the following3  7m7 ,forgiveness for
 covered loans under #aej1jjj  7#a7 ,in 
general ,notwithstanding subsection 7e71
 with respect to a covered loan made to 
an eligible recipient that is not more  
than #aej1jjj1 the covered loan amount  

shall be forgiven under this section if 
the eligible recipient submits to the   
lender a one-page online or paper form1 
to be established by the ,administrator 
not later than #g days after the date of
 enactment of this subsection1 that     
attests that the eligible recipient     
complied with the requirements under    
section #g7;a77#cf7 of the ,small       
,business ,act 7#ae ,u4,s4,c4           
#fcf7;a77#cf774  7#b7 ,hold harmless    
,with respect to a lender that relies on
 an attestation submitted by an eligible
 recipient under paragraph 7#a71 no     
enforcement action may be taken against 
the lender for any falsehoods contained 
in the attestation4  7#c7 ,demographic  
information ,the online or paper form   
established by the ,administrator under 
paragraph 7#a7 shall include a means by 
which an eligible recipient may1 at the 
discretion of the eligible recipient1   
submit demographic information of the   
owner of the eligible recipient1        
including the sex1 race1 ethnicity1 and 

veteran status of the owner4  7n7       
,enforcement action against borrowers   
,an eligible recipient of a covered loan
 may only be subject to an enforcement  
action or penalty relating to loan      
origination1 forgiveness1 or guarantee  
of the covered loan if the eligible     
recipient commits fraud or expends      
covered loan proceeds on expenses that  
are not allowable under section         
#g7;a77#cf77;,f7 of the ,small ,business
 ,act 7#ae ,u4,s4,c4                    
#fcf7;a77#cf77;,f774  4