,,ii  #aafth ,,congress  #b;d ,session  
,s4 #died  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #c1  
#bjbj,mr4 ,kennedy introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to amend the ,,cares ,act to   
simplify the procedure for applying for 
forgiveness for certain loans made under
 the ,paycheck ,protection ,program1 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the          
,simplifying ,,ppp ,forgiveness ,act4   
#b4 ,simplified application ,section    
#aajf of the ,,cares ,act 7#ae ,u4,s4,c4
 #ijje7 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
 and  7#c7 by adding at the end the     

following3  7m7 ,simplified application 
7#a7 ,in general ,notwithstanding       
subsection 7e71 with respect to a       
covered loan made to an eligible        
recipient that is not more than         
#ajj1jjj1 the covered loan amount shall 
be forgiven under this section if the   
eligible recipient-- 7,a7 signs and     
submits to the lender an attestation    
that the eligible recipient made a good 
faith effort to comply with the         
requirements under section #g7;a77#cf7  
of the ,small ,business ,act 7#ae       
,u4,s4,c4 #fcf7;a77#cf772 and  7,b7 for 
the #c-year period following submission 
of the attestation under subparagraph   
7,a71 retains records relevant to the   
attestation that prove compliance with  
those requirements4  7#b7 ,demographic  
information ,an eligible recipient of a 
covered loan described in paragraph 7#a7
 may complete and submit any form       
related to borrower demographic         
information4  7#c7 ,audit ,the          
,administrator may-- 7,a7 review and    

audit covered loans described in        
paragraph 7#a72 and  7,b7 in the case of
 fraud1 ineligibility1 or other material
 noncompliance with applicable loan or  
loan forgiveness requirements1 modify-- 
7i7 the amount of a covered loan        
described in paragraph 7#a72 or  7ii7   
the loan forgiveness amount with respect
 to a covered loan described in         
paragraph 7#a74  4  #c4 ,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