HR 1589
117th Congress
House
Commerce
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Employee hiring
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021
Introduced: March 3, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2021
Referred to the House Committee on Small Business.
Mar 3, 2021
Introduced in House
Plain-English summary
Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021
This bill modifies the rehiring deadline by which a participant in the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), must return to pre-pandemic levels of employment in order to be eligible for loan forgiveness.
Specifically, the bill sets this rehiring deadline to 90 days after the termination of all state and local COVID-19 emergency declarations that apply to the location of the recipient.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1