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HR 2582 117th Congress House Commerce 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

PRACTICAL Act of 2021

Introduced: April 20, 2021 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
Referred to the House Committee on Small Business.
Apr 15, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

PPP Revenue Adjustment Calculation To Increase Capital Accessibility Long-term Act of 2021 or the PRACTICAL Act of 2021

This bill modifies eligibility for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill provides for a period of 90 consecutive days to determine whether a borrower experienced a loss in revenue from 2019 to 2020 that qualifies them for a second draw loan. Currently, this qualification period must align with a corresponding calendar quarter from the previous year.

What's happening now April 15, 2021

Referred to the House Committee on Small Business.

 Related & companion bills 1
  • S 1200 Related bill Fair PPP Accounting Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 1 Republican 3
Stivers, Steve
· Apr 20, 2021
 R
Tenney, Claudia
New York · Apr 20, 2021
 R
Turner, Michael R.
Ohio · Apr 20, 2021
 R
Meuser, Daniel
Pennsylvania · Apr 16, 2021
 D
Houlahan, Chrissy
Pennsylvania · Apr 15, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2582: PRACTICAL Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2582/
MLA
"H.R. 2582: PRACTICAL Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2582/.
Bluebook (legal)
H.R. 2582, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2582/.
Markdown link
[H.R. 2582: PRACTICAL Act of 2021](https://openamerica.io/bill/117-HR-2582/)
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