Engrossed (House passed) — PPP Extension Act of 2021

Record facts

Summary

The engrossed House-passed text of H. R. 1799, the PPP Extension Act of 2021, from the 117th Congress, 1st Session, which passed the House of Representatives on March 16, 2021. Section 2 amends Section 7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(36)(A)(iii)) and Section 1102(b)(1) of the CARES Act (Public Law 116–136) by replacing March 31, 2021 with June 30, 2021. It also provides that from June 1, 2021, through June 30, 2021, the Small Business Administration shall not accept new lender applications for loans under paragraph (36) or (37) of section 7(a) and shall only process applications submitted before June 1, 2021. Section 3 directs that the Act's budgetary effects not be entered on PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010 or for purposes of section 4106 of H. Con. Res. 71.

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Full text

117TH CONGRESS 
1ST SESSION 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. 
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled, 
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2 
•HR 1799 EH
SECTION 1. SHORT TITLE. 
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This Act may be cited as the ‘‘PPP Extension Act 
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of 2021’’. 
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SEC. 2. EXTENSION OF COVERED PERIOD FOR PAYCHECK 
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PROTECTION PROGRAM. 
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(a) IN GENERAL.—Section 7(a)(36)(A)(iii) of the 
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Small Business Act (15 U.S.C. 636(a)(36)(A)(iii)) is 
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amended by striking ‘‘March 31, 2021’’ and inserting 
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‘‘June 30, 2021’’. 
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(b) FUNDING.—Section 1102(b)(1) of the CARES 
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Act (Public Law 116–136), as amended by section 323 
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of the Economic Aid to Hard-Hit Small Businesses, Non-
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profits, and Venues Act (Public Law 116–260), is amend-
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ed by striking ‘‘March 31, 2021’’ and inserting ‘‘June 30, 
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2021’’. 
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(c) RESTRICTION.—From June 1, 2021, through 
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June 30, 2021, the Administrator of the Small Business 
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Administration shall not accept new lender applications 
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for loans under paragraph (36) or (37) of section 7(a) 
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of the Small Business Act (15 U.S.C. 636(a)) and shall 
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only process such lender applications that have been sub-
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mitted to the Administrator before June 1, 2021. 
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SEC. 3. DETERMINATION OF BUDGETARY EFFECTS. 
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(a) IN GENERAL.—The budgetary effects of this Act 
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shall not be entered on either PAYGO scorecard main-
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•HR 1799 EH
tained pursuant to section 4(d) of the Statutory Pay-As- 
1
You-Go Act of 2010 (2 U.S.C. 933(d)). 
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(b) SENATE PAYGO SCORECARDS.—The budgetary 
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effects of this Act shall not be entered on any PAYGO 
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scorecard maintained for purposes of section 4106 of H. 
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Con. Res. 71 (115th Congress). 
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Passed the House of Representatives March 16, 
2021. 
Attest: 
Clerk. 

117TH CONGRESS 
1ST SESSION 
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.

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