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.
Short title
This Act may be cited as the PPP Extension Act of 2021
.
Extension of covered period for paycheck protection program
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
.
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
.
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.
Determination of Budgetary Effects
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)).
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.
