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Increased PPP Loans for Farmers and Ranchers in Partnerships

This act makes it easier for farmers and ranchers operating as partnerships to receive larger Paycheck Protection Program (PPP) loans. These changes apply to loans issued since the program's inception, potentially helping them secure more financial support to sustain their operations.
Key points
Farmers and ranchers structured as partnerships can now use an alternative, more favorable calculation for their maximum PPP loan amount.
These changes are retroactive, applying to loans issued previously, unless they have already been forgiven.
The goal is to provide greater financial support to these groups, helping them maintain jobs and financial stability.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1411
Sponsor: Rep. Hagedorn, Jim [R-MN-1]
Process start date: 2021-02-26
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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

PPP Flexibility for Farmers and Ranchers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1411.

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 2021-02-26.

What are the main provisions?

Key points include:

  • Farmers and ranchers structured as partnerships can now use an alternative, more favorable calculation for their maximum PPP loan amount.
  • These changes are retroactive, applying to loans issued previously, unless they have already been forgiven.
  • The goal is to provide greater financial support to these groups, helping them maintain jobs and financial stability.
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. Hagedorn, Jim [R-MN-1].

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