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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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Status:
Expired
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Additional Information
PPP Second Draw Fairness Act of 2021
Print number: HR 2615
Sponsor: Rep. Balderson, Troy [R-OH-12]
Process start date: 2021-04-16
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Easier Access to Second PPP Loans for Small Businesses

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 2615

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy Labor