summary
Introduced
03/17/2021
03/17/2021
In Committee
03/17/2021
03/17/2021
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, aims to extend the covered period for the Paycheck Protection Program (PPP) from March 31, 2021 to June 30, 2021. It amends the Small Business Act and the CARES Act to extend the deadline for new PPP loan applications and processing. However, the bill also includes certain restrictions, such as prohibiting the Small Business Administration from accepting new PPP lender applications after June 1, 2021 and limiting the agency's ability to prioritize the processing of PPP loan applications during the extended covered period, except for any priority reasonably necessary to carry out the set-asides established under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.
Committee Categories
Business and Industry
Sponsors (16)
Marco Rubio (R)*,
John Barrasso (R),
Mike Braun (R),
Shelley Moore Capito (R),
Susan Collins (R),
Kevin Cramer (R),
Mike Crapo (R),
Deb Fischer (R),
Josh Hawley (R),
Cindy Hyde-Smith (R),
John Neely Kennedy (R),
James Lankford (R),
Roger Marshall (R),
Jim Risch (R),
Mike Rounds (R),
Tim Scott (R),
Last Action
Read twice and referred to the Committee on Small Business and Entrepreneurship. (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/815/all-info |
| BillText | https://www.congress.gov/117/bills/s815/BILLS-117s815is.pdf |
| Bill | https://www.congress.gov/117/bills/s815/BILLS-117s815is.pdf.pdf |
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