Bankers: Urge Congress to Pass a Standalone PPP Forgiveness Bill

With Congress deadlocked on the next coronavirus relief bill—and with Congress only expected to be in session for three more weeks—the ABA is asking bankers to contact their lawmakers and urge them to pass a standalone bill that would streamline the forgiveness process for borrowers that received loans from the Small Business Administration’s Paycheck Protection Program.

Bankers can log on to the ABA’s Secure American Opportunity grassroots platform and send a personalized message to their lawmaker asking them to pass S. 4117 and its House companion, H.R. 7777. The bipartisan bills would provide a streamlined forgiveness process for borrowers that received loans of $150,000 or less. Contact your lawmakers now .

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