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PPP Loan Forgiveness Flexibility: Extended Rehire Deadlines

This act modifies the rules for Paycheck Protection Program (PPP) loan forgiveness. It gives businesses more time to rehire employees to qualify for loan forgiveness. These changes aim to help small businesses maintain employment during the COVID-19 pandemic.
Key points
Businesses now have more time to rehire employees to meet PPP loan forgiveness requirements.
The rehire deadline is tied to the termination of state or local COVID-19 emergencies, not the loan disbursement date.
The changes apply to most PPP loans, including those issued before the act, but not those already forgiven.
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Additional Information
Print number: 117_HR_1589
Sponsor: Rep. Rosendale Sr., Matthew M. [R-MT-At Large]
Process start date: 2021-03-03
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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 Program Loan Forgiveness Flexibility Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1589.

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 2021-03-03.

What are the main provisions?

Key points include:

  • Businesses now have more time to rehire employees to meet PPP loan forgiveness requirements.
  • The rehire deadline is tied to the termination of state or local COVID-19 emergencies, not the loan disbursement date.
  • The changes apply to most PPP loans, including those issued before the act, but not those 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. Rosendale Sr., Matthew M. [R-MT-At Large].

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

Economy Labor