I 
117TH CONGRESS 
1ST SESSION H. R. 5190 
To amend the Small Business Act to include excess loan amount errors 
in the forgiveness of a paycheck protection program loan, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 7, 2021 
Ms. HOULAHAN (for herself and Mr. EVANS) introduced the following bill; 
which was referred to the Committee on Small Business 
A BILL 
To amend the Small Business Act to include excess loan 
amount errors in the forgiveness of a paycheck protection 
program loan, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Small-Dollar PPP For-
giveness Simplification Act of 2021’’. 
SEC. 2. SIMPLIFIED APPLICATION FOR COVERED LOANS UP 
TO $350,000. 
(a) IN GENERAL.—Section 7A(l) of the Small Busi-
ness Act (15 U.S.C. 636m(l)) is amended— 
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(1) in paragraph (1)— 
(A) in the paragraph heading, by striking 
‘‘$150,000’’ and inserting ‘‘$350,000’’; and 
(B) by striking ‘‘not more than $150,000’’ 
each place it appears and inserting ‘‘less than 
or equal to $350,000’’; and 
(2) in paragraph (2)— 
(A) in the paragraph heading, by striking 
‘‘$150,000’’ and inserting ‘‘$350,000’’; and 
(B) in subparagraph (A), by striking 
‘‘$150,000’’ and inserting ‘‘$350,000’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this subsection shall be effective as if included in the Eco-
nomic Aid to Hard-Hit Small Businesses, Nonprofits, and 
Venues Act (Public Law 116–260; 134 Stat. 1993) and 
shall apply to any loan made pursuant to section 7(a)(36) 
of the Small Business Act (15 U.S.C. 636(a)(36)) before, 
on, or after the date of enactment of this Act, including 
forgiveness of such a loan. 
SEC. 3. FORGIVENESS OF EXCESS LOAN AMOUNTS FOR 
PAYCHECK PROTECTION PROGRAM LOANS. 
(a) PAYCHECK PROTECTION PROGRAM LOANS.— 
(1) IN
GENERAL.—Section 7A(a)(1) of the 
Small Business Act (15 U.S.C. 636m(a)(1)) is 
amended by inserting before the semicolon at the 
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end the following: ‘‘and includes any amount of a 
covered loan received due to an excess loan amount 
error (as described in Procedural Notice 5000– 
20078 of the Administration titled ‘Paycheck Pro-
tection Program Excess Loan Amount Errors’ and 
dated January 15, 2021)’’. 
(2) 
CONFORMING
AMENDMENT.—Section 
7A(l)(1)(A)(ii)(II) of the Small Business Act is 
amended by striking ‘‘complied’’ and inserting 
‘‘acted in good faith to comply’’. 
(3) EFFECTIVE DATE.—The amendments made 
by this subsection shall be effective as if included in 
the CARES Act (Public Law 116–136; 134 Stat. 
281) and shall apply to any loan made pursuant to 
section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36)) before, on, or after the date of 
enactment of this Act, including forgiveness of such 
a loan. 
(4) APPLICABILITY TO LOANS ALREADY FOR-
GIVEN.—The amendments made by this subsection 
shall apply to a loan made pursuant to section 
7(a)(36) of the Small Business Act (15 U.S.C. 
636(a)(36)) for which the borrower received forgive-
ness before the date of enactment of this Act under 
section 1106 of the CARES Act, as in effect on the 
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day before the date of the enactment of the Eco-
nomic Aid to Hard-Hit Small Businesses, Non-
profits, and Venues Act (Public Law 116–260; 134 
Stat. 1993), or section 7A of the Small Business Act 
(15 U.S.C. 636m), as in effect on the day before the 
date of enactment of this Act. 
(b) PAYCHECK
PROTECTION
PROGRAM
SECOND 
DRAW LOANS.— 
(1) IN GENERAL.—Section 7(a)(37)(J)(i) of the 
Small Business Act (15 U.S.C. 636(a)(37)(J)(i)) is 
amended to read as follows: 
‘‘(i) DEFINITIONS.—In this subpara-
graph— 
‘‘(I) the term ‘covered loan’ in-
cludes any amount of a covered loan 
received due to an excess loan amount 
error (as described in Procedural No-
tice 5000–20078 of the Administra-
tion titled ‘Paycheck Protection Pro-
gram Excess Loan Amount Errors’ 
and dated January 15, 2021); and 
‘‘(II) the term ‘covered period’ 
has the meaning given that term in 
section 7A(a).’’. 
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(2) EFFECTIVE DATE.—The amendment made 
by this subsection shall be effective as if included in 
the Economic Aid to Hard-Hit Small Businesses, 
Nonprofits, and Venues Act (Public Law 116–260; 
134 Stat. 1993) and shall apply to any loan made 
pursuant to section 7(a)(37) of the Small Business 
Act (15 U.S.C. 636(a)(37)) before, on, or after the 
date of enactment of this Act, including forgiveness 
of such a loan. 
(3) APPLICABILITY TO LOANS ALREADY FOR-
GIVEN.—The amendment made by this subsection 
shall apply to a loan made pursuant to section 
7(a)(37) of the Small Business Act (15 U.S.C. 
636(a)(37)) for which the borrower received forgive-
ness before the date of enactment of this Act. 
Æ 
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