HOUSE 2615117th CongressReferred to the House Committee on Small Business.

PPP Second Draw Fairness Act of 2021

Last Action: 4/16/2021

Actions

2021-04-16Referred to the House Committee on Small Business.
2021-04-16Introduced in House
2021-04-16Introduced in House

CRS Summary

As of 2021-04-16 (00)

PPP Second Draw Fairness Act of 2021

This bill allows applicants for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to select any consecutive 90-day period in 2020 from which to demonstrate a qualifying loss in revenue that makes them eligible for such loans. Currently, this qualification period must align with a corresponding calendar quarter from the previous year.

Cosponsors (2)

Angie Craig (D-MN)
Ashley Hinson (R-IA)

Subjects

Cardiovascular and respiratory health
Economic performance and conditions
Government lending and loan guarantees
Infectious and parasitic diseases

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