Title: PPP Flexibility for Farmers and Ranchers Act
Policy area: Commerce

Summary:
PPP Flexibility for Farmers and Ranchers Act
This bill expands eligibility for agricultural producers under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include certain agricultural producers organized as partnerships. Currently, only certain agricultural producers that are sole proprietorships, independent contractors, or self-employed individuals may receive support under the program.


[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 1047 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 1047

 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 SENATE OF THE UNITED STATES

                             March 25, 2021

Mr. Marshall (for himself, Mr. Hickenlooper, and Ms. Ernst) introduced 
the following bill; which was read twice and referred to the Committee 
                 on Small Business and Entrepreneurship

_______________________________________________________________________

                                 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 (15 U.S.C. 636(a)(36)(V)(i)(I)) is amended by inserting ``is a 
partnership,'' after ``independent contractor,''.
    (b) Effective Date; Applicability.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendment 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 Act (15 U.S.C. 9005).
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