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Paycheck Protection Program extended for small businesses until June 2021

This law extends the application deadline for Paycheck Protection Program (PPP) loans for small businesses until June 30, 2021. This gives more businesses the opportunity to receive financial support, which can help maintain jobs and economic stability during a challenging period.
Key points
The deadline for PPP loan applications has been extended from March 31, 2021, to June 30, 2021.
From June 1 to June 30, 2021, the administration will only process lender applications submitted before June 1, 2021, and will not accept new ones.
The changes aim to support small businesses in maintaining operations and employment.
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VOTING RESULTS
2021-03-25
93%
For 92
Against 7
Abstain 0
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Additional Information
Print number: 117_HR_1799
Sponsor: Rep. Bourdeaux, Carolyn [D-GA-7]
Process start date: 2021-03-11
Voting date: 2021-03-25
Meeting no: 1
Voting no: 140