,,ii  #aafth ,,congress  #b;d ,session  
,s4 #daga  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #b1      
#bjbj,mr4 ,king 7for himself and ,mr4   
,kennedy7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,small ,business and  
,entrepreneurship  ,a ,,bill  ,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 forgiveness1 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the          
,calculate ,,ppp ,forgiveness ,act of   
#bjbj4  #b4 ,calculator for paycheck    
protection program loan forgiveness  7a7
 ,definitions ,in this section-- 7#a7   
the term ,administrator means the       
,administrator of the ,small ,business  
,administration2 and  7#b7 the term     
covered loan has the meaning given the  
term in section #g7;a77#cf7 of the      
,small ,business ,act 7#ae ,u4,s4,c4    

#fcf7;a77#cf774  7b7 ,online calculator 
,the ,administrator shall take actions1 
in accordance with this section1 to     
ensure the availability of a calculator 
with respect to forgiveness of covered  
loans that-- 7#a7 is easily accessible  
by the public online2  7#b7 can be      
utilized without cost2  7#c7 with       
respect to a covered loan1 allows a     
lender or recipient to accurately       
estimate the amount of loan forgiveness 
related to the covered loan2 and  7#d7  
assists a lender or recipient to        
complete an application to request loan 
forgiveness with respect to a covered   
loan4  7c7 ,manner of provision ,not    
later than #e days after the date of    
enactment of this ,act1 the             
,administrator shall establish1 and     
thereafter maintain-- 7#a7 a calculator 
that satisfies the requirements         
specified in subsection 7b72 or  7#b7 a 
process to certify a calculator         
established and maintained by a third   
party that satisfies those requirements4

  7d7 ,certification process            
requirements  7#a7 ,in general ,if1     
under subsection 7c71 the ,administrator
 elects only to establish the           
certification process referenced in     
paragraph 7#b7 of that subsection1 the  
,administrator-- 7,a7 not later than #aj
 days after the date of enactment of    
this ,act1 shall certify not less than  
#a calculator that satisfies the        
requirements specified in subsection    
7b72  7,b7 upon request1 shall review   
and1 after a certification under        
subparagraph 7,a71 may certify          
additional calculators that satisfy the 
requirements specified in paragraphs    
7#a71 7#c71 and 7#d7 of subsection 7b71 
with certification determinations made  
not later than #aj days after the       
receipt of an application for review2   
and  7,c7 not later than #aj days after 
the date of enactment of this ,act1 and 
weekly thereafter1 shall make available 
to the public online a list specifying  
the calculators-- 7i7 certified pursuant

 to this section2 and  7ii7 under review
 for certification4  7#b7 ,assisted     
applications ,the ,administrator shall  
accept an application to request loan   
forgiveness with respect to a covered   
loan submitted with the assistance of a 
calculator certified under this section4
  7#c7 ,use of logo ,the ,administrator 
may establish a logo that a third party 
may utilize to signify that a calculator
 is certified pursuant to this section4 
7e7 ,coordination with ,department of   
the ,treasury ,the ,administrator shall 
carry out this section in coordination  
with the ,secretary of the ,treasury4   
7f7 ,expiration ,the requirements under 
this section shall cease to have effect 
on ,october #ca1 #bjba4