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Easier Access to Second PPP Loans for Small Businesses

This bill aims to make it easier for small businesses to apply for a second Paycheck Protection Program (PPP) loan. The change allows businesses to choose any contiguous 90-day period in 2020 to demonstrate revenue reduction, potentially helping more businesses qualify for financial support. This could enable more companies to retain jobs and maintain financial stability.
Key points
Businesses can select any 90-day period in 2020 to show revenue decline for second PPP loan eligibility.
The change seeks to broaden access to financial aid for small businesses, helping them navigate economic challenges.
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Expired
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Additional Information
Print number: 117_HR_2615
Sponsor: Rep. Balderson, Troy [R-OH-12]
Process start date: 2021-04-16
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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 Second Draw Fairness Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2615.

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 2021-04-16.

What are the main provisions?

Key points include:

  • Businesses can select any 90-day period in 2020 to show revenue decline for second PPP loan eligibility.
  • The change seeks to broaden access to financial aid for small businesses, helping them navigate economic challenges.
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. Balderson, Troy [R-OH-12].

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