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[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1411 Introduced in House (IH)]

<DOC>

117th CONGRESS
  1st Session
                                H. R. 1411

 To amend the Small Business Act to allow certain ranchers and farmers 
  categorized as partnerships to use an alternative calculation for a 
  maximum loan amount under the paycheck protection program, and for 
                            other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 26, 2021

      Mr. Hagedorn (for himself, Mr. Luetkemeyer, Mr. Thompson of 
 Pennsylvania, Mr. Cuellar, Mr. Newhouse, Mr. Austin Scott of Georgia, 
Mr. Crawford, Mr. LaMalfa, Mr. Stauber, Mr. Arrington, Mr. Meuser, Mr. 
     Bacon, Ms. Stefanik, Mr. Higgins of Louisiana, Mr. Baird, Mr. 
    Moolenaar, Mr. Fitzpatrick, Mr. Rogers of Alabama, Mr. Kelly of 
Mississippi, Mr. Kustoff, Mr. Upton, Mr. Turner, Ms. Tenney, Mr. Mann, 
    Mr. Issa, Mr. Smith of Missouri, Mr. Balderson, Mr. Allen, Mrs. 
Fischbach, Mr. Sessions, Mr. Carter of Texas, Mr. Pfluger, Mr. Timmons, 
 Mrs. Kim of California, Mr. Cline, Mrs. McClain, Mr. Murphy of North 
Carolina, Mr. Rouzer, Mr. Valadao, Mr. Rose, Mr. Jackson, Mr. Kelly of 
  Pennsylvania, Mr. Feenstra, Mr. Emmer, Mr. Rosendale, Mr. Hern, Mr. 
      Babin, Mr. Gibbs, Ms. Van Duyne, Mr. Stewart, Mr. Joyce of 
 Pennsylvania, Mr. Keller, Mr. Donalds, Mr. Williams of Texas, and Mr. 
    Bentz) introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL

 
 To amend the Small Business Act to allow certain ranchers and farmers 
  categorized as partnerships to use an alternative calculation for a 
  maximum loan amount under the paycheck protection program, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``PPP Flexibility for Farmers and 
Ranchers Act''.

SEC. 2. PARTNERSHIP PAYCHECK PROTECTION PROGRAM LOAN CALCULATION AS 
              FARMER OR RANCHER.

    (a) In General.--Section 7(a)(36)(V)(i)(I) of the Small Business 
Act (as amended by the Economic Aid to Hard-Hit Small Businesses, 
Nonprofits, and Venues Act (Public Law 116-260)) is amended by 
inserting ``is a partnership,'' after ``independent contractor,''.
    (b) Effective Date; Applicability.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by subsection (a) shall be effective as if 
        included in the CARES Act (Public Law 116-136; 134 Stat. 281) 
        and shall apply to any loan made pursuant to section 7(a)(36) 
        of the Small Business Act (15 U.S.C. 636(a)(36)) before, on, or 
        after the date of enactment of this Act, including forgiveness 
        of such a loan.
            (2) Exclusion of loans already forgiven.--The amendments 
        made by subsection (a) shall not apply to a loan made pursuant 
        to section 7(a)(36) of the Small Business Act (15 U.S.C. 
        636(a)(36)) for which the borrower received forgiveness before 
        the date of enactment of this Act under section 1106 of the 
        CARES.
                                 <all>
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