1. Short title This Act may be cited as the Paycheck Protection Small Business Forgiveness Act . 2. Loan forgiveness for PPP loans under $150,000 Section 1106 of the CARES Act ( Public Law 116–136 ) is amended— (1) in subsection (e), in the matter preceding paragraph (1), by striking An eligible and inserting Except as provided in subsection (m), an eligible ; (2) in subsection (f), by inserting or the information required under subsection (m), as applicable after subsection (e) ; (3) by striking subsection (h) and inserting the following: (h) Hold harmless (1) In general A lender may rely on all certifications and documentation submitted by an applicant or eligible recipient pursuant to any requirement in statute regarding covered loans, or rules or guidance promulgated to carry out any action relating to covered loans, from an applicant or eligible recipient attesting that the applicant or eligible recipient has accurately verified all documentation provided to the lender. (2) No enforcement action With respect to a lender that relies on the certifications and documentation described in paragraph (1)— (A) no enforcement or other action may be taken against the lender relating to loan origination, forgiveness, or guarantee based on such reliance, including claims under— (i) the Small Business Act ( 15 U.S.C. 631 et seq.); (ii) sections 3729 through 3733 of title 31, United States Code (commonly known as the False Claims Act ); (iii) the Financial Institutions Reform, Recovery, and Enforcement Act ( Public Law 101–73 ); (iv) section 21 of the Federal Deposit Insurance Act ( 12 U.S.C. 1829b ), chapter 2 of title I of Public Law 91–508 ( 12 U.S.C. 1951 et seq.), and subchapter II of chapter 53 of title 31, United States Code (collectively known as the Bank Secrecy Act ); or (v) any other Federal, State, or other criminal or civil law or regulation; and (B) the lender shall not be subject to any penalties relating to loan origination, forgiveness, or guarantee based on such reliance.