PORTLAND, Maine (AP) — Maine’s independent senator, Angus King, proposed a law change that he said would make it easier for businesses to calculate the amount of loan forgiveness they will receive through the Paycheck Protection Program.

The federal paycheck program is designed to help employers weather economic stresses caused by the coronavirus pandemic. King has proposed the Calculate PPP Forgiveness Act of 2020, which directs the federal Small Business Administration to develop a calculator for businesses that want to estimate their loan forgiveness amount.

King, who proposed the idea along with Republican Sen. John Kennedy of Louisiana, said the new tool would be free. King said the tool would give business owners more clarity in planning finances.

“This bill would provide peace of mind to businesses that’ve utilized the PPP to stay afloat, and will help them avoid harmful financial surprises,” he said.