SBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief [Updated September 3, 2020] [open pdf - 993KB]
From the Summary: "The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) created the Small Business Administration (SBA) Paycheck Protection Program (PPP) to provide short-term, low-interest loans that could be forgiven under specified circumstances to certain small business and nonprofits. [...] This In Brief report discusses statutes, regulations, and agency guidance relevant to the PPP loan forgiveness process and determination. A summary of the Paycheck Protection Program Flexibility Act is also provided."
CRS Report for Congress, R46397
Congressional Research Service: https://crsreports.congress.gov/