H.R. 1589 · 117th Congress
Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RosendaleSponsor2 cosponsors · 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021
What it does: CRS summary · Introduced in House · Mar 3, 2021
Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021
This bill modifies the rehiring deadline by which a participant in the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), must return to pre-pandemic levels of employment in order to be eligible for loan forgiveness.
Specifically, the bill sets this rehiring deadline to 90 days after the termination of all state and local COVID-19 emergency declarations that apply to the location of the recipient.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021
Latest action (Mar 3, 2021): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Mar 3, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.