Pub. L. 117–6, PPP Extension Act of 2021
Summary
Public Law 117–6, the PPP Extension Act of 2021, approved Mar. 30, 2021 [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. Section 2 amends section 7(a)(36)(A)(iii) of the Small Business Act and section 1102(b)(1) of the CARES Act (Public Law 116–136) by striking March 31, 2021 and inserting June 30, 2021. It provides that 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) and shall only process lender applications submitted before June 1, 2021. Section 3 provides that the budgetary effects of the Act shall not be entered on the PAYGO scorecards.
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“Pub. L. 117–6, PPP Extension Act of 2021.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/plaw-plaw-117publ6-plaw-117publ6/
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135 STAT. 250 PUBLIC LAW 117–6—MAR. 30, 2021
Public Law 117–6
117th Congress
An Act
Mar. 30, 2021 To amend the Small Business Act and the CARES Act to extend the covered
[H.R. 1799] period for the paycheck protection program, and for other purposes.
Be it enacted by the Senate and House of Representatives of
PPP Extension the United States of America in Congress assembled,
Act of 2021.
15 USC 631 note. SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘PPP Extension Act of 2021’’.
SEC. 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
134 Stat. 2018. Law 116–260), is amended by striking ‘‘March 31, 2021’’ and
inserting ‘‘June 30, 2021’’.
15 USC 636 note. (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.
SEC. 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).
Approved March 30, 2021.
LEGISLATIVE HISTORY—H.R. 1799:
CONGRESSIONAL RECORD, Vol. 167 (2021):
Mar. 16, considered and passed House.
Mar. 25, considered and passed Senate.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2021):
dkrause on LAP5T8D0R2PROD with PUBLAWS
Mar. 30, Presidential remarks.
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