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Easier Paycheck Protection Program Loans for Farmers and Ranchers

This act changes how farmers and ranchers can calculate their maximum loan amount under the Paycheck Protection Program (PPP). This aims to provide them with more financial support to sustain their operations. These changes also apply to loans issued previously, except for those that have already been forgiven.
Key points
Farmers and ranchers can now use an alternative calculation for their PPP loans, potentially increasing their available financial aid.
The new rules apply to past loans, meaning more individuals might benefit from better terms, unless their loan was already forgiven.
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Expired
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Additional Information
Print number: 117_HR_1246
Sponsor: Rep. Kind, Ron [D-WI-3]
Process start date: 2021-02-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Paycheck Protection Clarification for Producers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1246.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-23.

What are the main provisions?

Key points include:

  • Farmers and ranchers can now use an alternative calculation for their PPP loans, potentially increasing their available financial aid.
  • The new rules apply to past loans, meaning more individuals might benefit from better terms, unless their loan was already forgiven.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kind, Ron [D-WI-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Agriculture Economy