With H.R. 7777, a bill to simplify the forgiveness process for Paycheck Protection Program loans, recently introduced in the House, ABA continues urging bankers to use the Secure American Opportunity grassroots platform to ask their members of Congress to support the bill.

This legislation—which has a companion bill in the Senate—would allow PPP loans of $150,000 or less to be forgiven once the borrower completes a one-page forgiveness attestation. ABA asks bankers to add their voices to the chorus and contact their representatives. The bill is expected to ease the forgiveness process for approximately 86% of PPP borrowers, in addition to saving an estimated $7 billion and hours of paperwork. Contact your representative now.