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S 1232 117th Congress Senate Commerce Agricultural prices, subsidies, credit Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Self-employed Small business Wages and earnings

A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.

Introduced: April 20, 2021 Introduced by: Baldwin, Tammy Democratic · Wisconsin 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 20, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Apr 20, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

This bill modifies the calculation of loan amounts for partnerships with no employees (e.g., self-employed farmers) under the Paycheck Protection Program, which was established to support small businesses in response to COVID-19.

Specifically, the bill allows such individuals to apply for a loan in the amount of the difference between their gross and net income loan amounts, even if they have already received a loan based on their net income and received forgiveness for that loan.

What's happening now April 20, 2021

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

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

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Cite this page click to expand
APA
U.S. Congress. (2026). S. 1232: A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.. 117th Congress. Open America. https://openamerica.io/bill/117-S-1232/
MLA
"S. 1232: A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1232/.
Bluebook (legal)
S. 1232, 117th Cong. (2026), https://openamerica.io/bill/117-S-1232/.
Markdown link
[S. 1232: A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.](https://openamerica.io/bill/117-S-1232/)
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