HR 2615 · 117th Congress · Commerce

PPP Second Draw Fairness Act of 2021

Introduced 2021-04-16· Sponsored by Rep. Balderson, Troy [R-OH-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2021-04-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

1 Democrat1 Republican
Rep. Craig, Angie [D-MN-2]MN
Rep. Hinson, Ashley [R-IA-1]IA