I 
116TH CONGRESS 
2D SESSION 
H. R. 7413 
To direct the Administrator of the Small Business Administration to establish 
or certify a calculator that assists lenders and recipients with paycheck 
protection program loan forgiveness, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 29, 2020 
Mrs. WAGNER (for herself and Mr. CLAY) introduced the following bill; which 
was referred to the Committee on Small Business 
A BILL 
To direct the Administrator of the Small Business Adminis-
tration to establish or certify a calculator that assists 
lenders and recipients with paycheck protection program 
loan forgiveness, 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 ‘‘Calculate PPP For-
giveness Act of 2020’’. 
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SEC. 2. CALCULATOR FOR PAYCHECK PROTECTION PRO-
GRAM LOAN FORGIVENESS. 
(a) IN GENERAL.—The Administrator of the Small 
Business Administration shall take actions, in accordance 
with this section, to ensure the availability of a calculator 
with respect to forgiveness of covered loans that— 
(1) is easily accessible by the public online; 
(2) can be utilized without cost; 
(3) with respect to a covered loan, allows a 
lender or recipient to accurately estimate the 
amount of loan forgiveness related to such loan; and 
(4) assists a lender or recipient to complete an 
application to request loan forgiveness with respect 
to a covered loan. 
(b) MANNER OF PROVISION.—Not later than 5 days 
after the date of enactment of this Act, the Administrator 
shall establish, and thereafter maintain, at least one of 
the following: 
(1) A calculator that satisfies the requirements 
specified in subsection (a). 
(2) A process to certify a calculator established 
and maintained by a third party that satisfies such 
requirements. 
(c) CERTIFICATION PROCESS REQUIREMENTS.— 
(1) IN GENERAL.—If, under subsection (b), the 
Administrator elects only to establish the certifi-
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cation process referenced in paragraph (2) of that 
subsection, the Administrator— 
(A) not later than 10 days after the date 
of enactment of this Act, shall certify at least 
one calculator that satisfies the requirements 
specified in subsection (a); 
(B) upon request, shall review and, after a 
certification under subparagraph (A), may cer-
tify additional calculators that satisfy the re-
quirements specified in paragraphs (1), (3), and 
(4) of subsection (a) (with certification deter-
minations made not later than 10 days after 
the receipt of an application for review); and 
(C) not later than 10 days after the date 
of enactment of this Act, and weekly thereafter, 
shall make available to the public online a list 
specifying the calculators— 
(i) certified pursuant to this section; 
and 
(ii) under review for certification. 
(2) ASSISTED
APPLICATIONS.—The Adminis-
trator shall accept an application to request loan for-
giveness with respect to a covered loan submitted 
with the assistance of a calculator certified under 
this section. 
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(3) USE OF LOGO.—The Administrator may es-
tablish a logo that a third party may utilize to sig-
nify that a calculator is certified pursuant to this 
section. 
(d) COORDINATION WITH DEPARTMENT
OF
THE 
TREASURY.—The Administrator shall carry out this sec-
tion in coordination with the Secretary of the Treasury. 
(e) COVERED LOAN DEFINED.—In this section, the 
term ‘‘covered loan’’ has the meaning given such term in 
section 7(a)(36) of the Small Business Act (15 U.S.C. 
636(a)(36)). 
(f) EXPIRATION.—The requirements under this sec-
tion shall cease to have effect on October 31, 2021. 
Æ 
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