HR 2615
117th Congress
House
Commerce
Cardiovascular and respiratory health
Economic performance and conditions
Government lending and loan guarantees
Infectious and parasitic diseases
PPP Second Draw Fairness Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2021
Referred to the House Committee on Small Business.
Apr 16, 2021
Introduced in House
Plain-English summary
PPP Second Draw Fairness Act of 2021
This bill allows applicants for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to select any consecutive 90-day period in 2020 from which to demonstrate a qualifying loss in revenue that makes them eligible for such loans. Currently, this qualification period must align with a corresponding calendar quarter from the previous year.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1