summary
Introduced
03/11/2021
03/11/2021
In Committee
03/11/2021
03/11/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes.
AI Summary
This bill, the PPP Extension Act of 2021, amends the Small Business Act and the CARES Act to extend the covered period for the Paycheck Protection Program (PPP) loan program from March 31, 2021 to June 30, 2021. The bill also restricts the Small Business Administration from accepting new lender applications for PPP loans from June 1, 2021 to June 30, 2021, and only allows the processing of applications submitted before June 1, 2021. This extension provides additional time for small businesses to apply for and receive much-needed pandemic relief through the PPP loan program.
Committee Categories
Business and Industry
Sponsors (17)
Susan Collins (R)*,
Shelley Moore Capito (R),
Ben Cardin (D),
Martin Heinrich (D),
Amy Klobuchar (D),
Patrick Leahy (D),
Joe Manchin (I),
Roger Marshall (R),
Jeff Merkley (D),
Lisa Murkowski (R),
Jon Ossoff (D),
Rob Portman (R),
Jacky Rosen (D),
Jeanne Shaheen (D),
Dan Sullivan (R),
Thom Tillis (R),
Ron Wyden (D),
Last Action
Committee on Small Business and Entrepreneurship. Hearings held. (on 03/17/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/723/all-info |
| BillText | https://www.congress.gov/117/bills/s723/BILLS-117s723is.pdf |
| Bill | https://www.congress.gov/117/bills/s723/BILLS-117s723is.pdf.pdf |
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