PPP Extension Act of 2021
- Last Action
- 3/24/2021
Actions
- 2021-03-24Committee on Small Business and Entrepreneurship. Hearings held.
- 2021-03-17Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 117-154.
- 2021-03-11Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S1503)
- 2021-03-11Introduced in Senate
CRS Summary
As of 2021-03-11 (00)
PPP Extension Act of 2021
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.
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.
Cosponsors (16)
- Ben Cardin (D-MD)
- Jeanne Shaheen (D-NH)
- Roger Marshall (R-KS)
- Dan Sullivan (R-AK)
- Jacklyn Rosen (D-NV)
- Lisa Murkowski (R-AK)
- Patrick Leahy (D-VT)
- Ron Wyden (D-OR)
- Thomas Tillis (R-NC)
- Jon Ossoff (D-GA)
- Shelley Capito (R-WV)
- Jeff Merkley (D-OR)
- Martin Heinrich (D-NM)
- Rob Portman (R-OH)
- Amy Klobuchar (D-MN)
- Joseph Manchin (D-WV)
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
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.