I 
117TH CONGRESS 
1ST SESSION H. R. 6252 
To permit certain businesses to select an alternative covered period for loan 
forgiveness under the Paycheck Protection Program and provide certain 
businesses additional loan forgiveness, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 13, 2021 
Mr. NADLER (for himself, Ms. NORTON, and Mrs. CAROLYN B. MALONEY of 
New York) introduced the following bill; which was referred to the Com-
mittee on Small Business 
A BILL 
To permit certain businesses to select an alternative covered 
period for loan forgiveness under the Paycheck Protec-
tion Program and provide certain businesses additional 
loan forgiveness, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Low-Revenue Recipi-
ent Paycheck Protection Program Relief Act of 2021’’. 
SEC. 2. LOW-REVENUE RECIPIENT LOAN FORGIVENESS. 
(a) IN GENERAL.—Section 7A of the Small Business 
Act (15 U.S.C. 636m) is amended— 
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(1) in subsection (i)— 
(A) in paragraph (1), by inserting ‘‘or 
(m)(2)’’ after ‘‘subsection (b)’’; and 
(B) in paragraph (3)(B), by inserting ‘‘or 
(m)(2)’’ after ‘‘subsection (b)’’; and 
(2) by adding at the end the following: 
‘‘(m) LOW-REVENUE RECIPIENTS LOAN FORGIVE-
NESS.— 
‘‘(1) IN GENERAL.—With respect to a covered 
loan received by a low-revenue recipient not later 
than December 1, 2020, and for which such low-rev-
enue recipient has received no loan forgiveness under 
this section, at the election of such low-revenue re-
cipient, the term ‘covered period’ shall, for the pur-
poses of this section, mean the period— 
‘‘(A) beginning on the earlier of— 
‘‘(i) the date selected by the low-rev-
enue recipient; or 
‘‘(ii) September 1, 2021; and 
‘‘(B) ending on a date selected by the eligi-
ble recipient of the covered loan that occurs 
during the period— 
‘‘(i) beginning on the date that is 8 
weeks after the start date of the covered 
period specified in subparagraph (A); and 
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‘‘(ii) ending on the date that is 24 
weeks after the start date of the covered 
period specified in such subparagraph. 
‘‘(2) ADDITIONAL LOAN FORGIVENESS.— 
‘‘(A) IN GENERAL.—A low-revenue recipi-
ent that received loan forgiveness under this 
section for a covered loan received not later 
than December 1, 2020, shall be eligible for ad-
ditional forgiveness of indebtedness on such 
covered loan in accordance with this paragraph. 
‘‘(B) ADDITIONAL FORGIVENESS CALCULA-
TION.—The amount of forgiveness of indebted-
ness on a covered loan for which a low-revenue 
recipient is eligible under this paragraph is the 
amount equal to the difference between— 
‘‘(i) the amount of forgiveness of in-
debtedness on such covered loan that such 
low-revenue recipient would be eligible for 
under this section, as in effect on the date 
on which such low-revenue recipient applies 
for loan forgiveness under this paragraph, 
if— 
‘‘(I) such low-revenue recipient 
had not received any loan forgiveness 
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for such covered loan under this sec-
tion; 
‘‘(II) for the purposes of this sec-
tion, the term ‘covered period’ meant 
the period described in paragraph (1); 
and 
‘‘(III) for the purposes of para-
graphs (5) and (7) of subsection (d), 
such covered loan was made on or 
after the date of the enactment of the 
Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues 
Act (Public Law 116–260; 134 Stat. 
1993); and 
‘‘(ii) the amount of loan forgiveness 
for such covered loan that such low-rev-
enue recipient received under this section. 
‘‘(C) EXCESS PAYMENT REFUND.—If the 
Administrator, pursuant to loan forgiveness 
under this paragraph and in accordance with 
subsection (c)(3), makes a remittance to a lend-
er in an amount exceeding the total outstanding 
balance of the applicable covered loan, including 
any accrued interest, the lender shall pay to the 
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low-revenue recipient an amount equal to such 
excess. 
‘‘(D) ADDITIONAL FORGIVENESS LIMIT.— 
No low-revenue recipient may receive loan for-
giveness under this paragraph more than once. 
‘‘(3) LOW-REVENUE RECIPIENT DEFINED.—In 
this subsection, the term ‘low-revenue recipient’ 
means an eligible recipient that received a covered 
loan not later than December 1, 2020, and— 
‘‘(A) was not in operation during the pe-
riod beginning on April 1, 2020, and ending on 
December 31, 2020; or 
‘‘(B) during such period, had gross re-
ceipts of not more than 20 percent of the gross 
receipts of such eligible recipient during the 
corresponding period in 2019.’’. 
(b) REGULATIONS.—Not later than two weeks after 
the date of the enactment of this Act, the Administrator 
of the Small Business Administration shall issue regula-
tions carrying out subsection (m) of section 7A of the 
Small Business Act (15 U.S.C. 636m), as added by sub-
section (a) of this Act. 
Æ 
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