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S 1200 117th Congress Senate 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

Fair PPP Accounting Act

Introduced: April 19, 2021 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 19, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Apr 19, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Fair PPP Accounting Act

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 19, 2021

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Related & companion bills 2
  • S 1249 Related bill PPP Flexibility for Farmers, Ranchers, and the Self-Employed Act
  • HR 2582 Related bill PRACTICAL Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Collins, Susan M.
Maine · Apr 19, 2021
 D
Shaheen, Jeanne
New Hampshire · Apr 19, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1200: Fair PPP Accounting Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1200/
MLA
"S. 1200: Fair PPP Accounting Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1200/.
Bluebook (legal)
S. 1200, 117th Cong. (2026), https://openamerica.io/bill/117-S-1200/.
Markdown link
[S. 1200: Fair PPP Accounting Act](https://openamerica.io/bill/117-S-1200/)
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