ABSTRACT

Review of PPP Forgiveness, Hearing Before the Subcommittee on Economic Growth, Tax, and Capital Access of the Committee on Small Business, United States, House of Representatives, One Hundred Sixteenth Congress, Second Session, September 25, 2020   [open pdf - 12MB]

This is the September 25, 2020 hearing on "Review of PPP [Paycheck Protection Program] Forgiveness," held before the U.S. House Subcommittee on Economic Growth, Tax, and Capital Access of the Committee on Small Business. From the opening statement of Andy Kim: "We are meeting today to conduct an important hearing on the Small Business Administration's Paycheck Protection Program (PPP), and specifically, a review of the loan forgiveness process. [...] Loan forgiveness is a centerpiece of the Paycheck Protection Program, especially since the expectation by many borrowers and lenders was that the loans would be fully forgiven. Less than full forgiveness for a large body of loans could have serious unintended negative consequences for borrowers and lenders who have developed business plans around full loan forgiveness." Statements, letters, and materials submitted for the record include those of the following: Lynn G. Ozer, Amy Bonfig, Jim Parker, and Pete Patel.

Report Number:
Small Business Committee Document Number 116-095
Publisher:
Date:
2021
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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