PPP Extension Act of 2021
.svg) | |
| Introduced in | 117th United States Congress |
|---|---|
| Introduced on | March 11, 2021 |
| Number of co-sponsors | 101 |
| Legislative history | |
| |
The PPP Extension Act of 2021 is a proposed United States law that would extend the Paycheck Protection Program through June 30, 2021, otherwise the program would end coverage for small businesses on March 31, 2021, by amending the Small Business Act and CARES Act.[1][2]
Provisions[edit]
Extension of covered period for Paycheck Protection Program[edit]
The bill would amend the Small Business Act and CARES Act to extend the covered period of the Paycheck Protection Program for those enrolled in the program, from March 31, 2021 to June 30, 2021. It would also instruct the administrator of the Small Business Administration from accepting new applictions for loans provided by the program between June 1, and June 30, 2021 except for applications recieved before June 1, 2021.
Determination of Budgetary Effects[edit]
The budgetary effects of the bill would not be entered on any of the PAYGO scorecards, exempting it from the budgetary rules of the Statutory Pay-As-You-Go Act of 2010 and H. Con. Res. 71 of the 115th Congress.
Legislative history[edit]
As of March 22, 2021:
| Congress | Short title | Bill number(s) | Date introduced | Sponsor(s) | # of cosponsors | Latest status |
|---|---|---|---|---|---|---|
| 117th Congress | PPP Extension Act of 2021 | H.R. 1799 | March 11, 2021 | Carolyn Bourdeaux
(D-GA) |
101 | Passed the House |
References[edit]
- ↑ Frankel, Robin Saks (2021-03-19). "Congress Could Extend The PPP Loan Deadline—If Lawmakers Can Act In Time". Forbes Advisor. Retrieved 2021-03-22.
- ↑ Monroe, Madeline (2021-03-17). "Business groups seek PPP extension as March deadline looms". TheHill. Retrieved 2021-03-22.
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