PPP Extension Act of 2021

Bill: 117-hr-1799
Sponsor: full_name: Rep. Bourdeaux, Carolyn [D-GA-7]
Introduced: 2021-03-11
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Emergency medical services and trauma care

Government lending and loan guarantees

Infectious and parasitic diseases

Small business

Wages and earnings
Latest action: action_date: 2021-03-30
text: Became Public Law No: 117-6.

Summaries:
action_date: 2021-03-11
action_desc: Introduced in House
text: <p><b>PPP Extension Act of 2021</b></p> <p>This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. Currently, the program is set to expire on March 31, 2021.</p> <p>For the final 30 days of the program (i.e., from June 1 until June 30), the Small Business Administration may only process applications submitted prior to June 1, and it may not accept any new loan applications.</p>

action_date: 2021-03-16
action_desc: Passed House
text: <p><b>PPP Extension Act of 2021</b></p> <p>This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. Currently, the program is set to expire on March 31, 2021.</p> <p>For the final 30 days of the program (i.e., from June 1 until June 30), the Small Business Administration may only process applications submitted prior to June 1, and it may not accept any new loan applications.</p> <p>The bill excludes the budgetary effects of this bill from PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010 and from Senate PAYGO scorecards.</p>

action_date: 2021-03-25
action_desc: Passed Senate
text: <p><b>PPP Extension Act of 2021</b></p> <p>This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. Currently, the program is set to expire on March 31, 2021.</p> <p>For the final 30 days of the program (i.e., from June 1 until June 30), the Small Business Administration may only process applications submitted prior to June 1, and it may not accept any new loan applications.</p> <p>The bill excludes the budgetary effects of this bill from PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010 and from Senate PAYGO scorecards.</p>

action_date: 2021-03-30
action_desc: Public Law
text: <p><b>PPP Extension Act of 2021</b></p> <p>This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. Currently, the program is set to expire on March 31, 2021.</p> <p>For the final 30 days of the program (i.e., from June 1 until June 30), the Small Business Administration may only process applications submitted prior to June 1, and it may not accept any new loan applications.</p> <p>The bill excludes the budgetary effects of this bill from PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010 and from Senate PAYGO scorecards.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1799 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes.

1. Short title This Act may be cited as the PPP Extension Act of 2021 . 2. Extension of covered period for paycheck protection program (a) In general Section 7(a)(36)(A)(iii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(iii) ) is amended by striking March 31, 2021 and inserting June 30, 2021 . (b) Funding Section 1102(b)(1) of the CARES Act ( Public Law 116–136 ), as amended by section 323 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( Public Law 116–260 ), is amended by striking March 31, 2021 and inserting June 30, 2021 . (c) Restriction From June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration shall not accept new lender applications for loans under paragraph (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) and shall only process such lender applications that have been submitted to the Administrator before June 1, 2021. 3. Determination of Budgetary Effects (a) In general The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(d) ). (b) Senate paygo scorecards The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress).

Passed the House of Representatives March 16, 2021. Cheryl L. Johnson, Clerk.

tv_txt: I One Hundred Seventeenth Congress of the United States of America At the First Session Begun and held at the City of Washington on Sunday, the third day of January, two thousand and twenty-one H. R. 1799 AN ACT To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes.

1. Short title This Act may be cited as the PPP Extension Act of 2021 . 2. Extension of covered period for paycheck protection program (a) In general Section 7(a)(36)(A)(iii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(iii) ) is amended by striking March 31, 2021 and inserting June 30, 2021 . (b) Funding Section 1102(b)(1) of the CARES Act ( Public Law 116–136 ), as amended by section 323 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( Public Law 116–260 ), is amended by striking March 31, 2021 and inserting June 30, 2021 . (c) Restriction From June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration shall not accept new lender applications for loans under paragraph (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) and shall only process such lender applications that have been submitted to the Administrator before June 1, 2021. 3. Determination of Budgetary Effects (a) In general The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(d) ). (b) Senate paygo scorecards The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress).

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.

tv_txt: II Calendar No. 11 117th CONGRESS 1st Session H. R. 1799 IN THE SENATE OF THE UNITED STATES March 17 (legislative day, March 16), 2021 Received; read the first time March 18, 2021 Read the second time and placed on the calendar AN ACT To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes.

1. Short title This Act may be cited as the PPP Extension Act of 2021 . 2. Extension of covered period for paycheck protection program (a) In general Section 7(a)(36)(A)(iii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(iii) ) is amended by striking March 31, 2021 and inserting June 30, 2021 . (b) Funding Section 1102(b)(1) of the CARES Act ( Public Law 116–136 ), as amended by section 323 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( Public Law 116–260 ), is amended by striking March 31, 2021 and inserting June 30, 2021 . (c) Restriction From June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration shall not accept new lender applications for loans under paragraph (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) and shall only process such lender applications that have been submitted to the Administrator before June 1, 2021. 3. Determination of Budgetary Effects (a) In general The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(d) ). (b) Senate paygo scorecards The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress).

Passed the House of Representatives March 16, 2021. Cheryl L. Johnson, Clerk

March 18, 2021 Read the second time and placed on the calendar

tv_txt: I 117th CONGRESS 1st Session H. R. 1799 IN THE HOUSE OF REPRESENTATIVES March 11, 2021 Ms. Bourdeaux (for herself, Mrs. Kim of California , Ms. Velázquez , and Mr. Luetkemeyer ) introduced the following bill; which was referred to the Committee on Small Business 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.

1. Short title This Act may be cited as the PPP Extension Act of 2021 . 2. Extension of covered period for paycheck protection program (a) In general Section 7(a)(36)(A)(iii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(iii) ) is amended by striking March 31, 2021 and inserting June 30, 2021 . (b) Funding Section 1102(b)(1) of the CARES Act ( Public Law 116–136 ), as amended by section 323 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( Public Law 116–260 ), is amended by striking March 31, 2021 and inserting June 30, 2021 . (c) Restriction From June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration shall not accept new lender applications for loans under paragraph (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) and shall only process such lender applications that have been submitted to the Administrator before June 1, 2021.