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Additional Loan Forgiveness for Low-Revenue Businesses

This act amends the Paycheck Protection Program (PPP), allowing low-revenue businesses to receive additional loan forgiveness. This means that companies facing financial difficulties in 2020 may get more support and reduced debt, potentially helping them sustain operations and jobs.
Key points
Low-revenue businesses can choose a new covered period for PPP loan forgiveness, offering greater flexibility.
Businesses that already received forgiveness may apply for additional forgiveness, reducing their financial burden.
A low-revenue business is defined as one not operating or having significantly lower revenue in 2020 compared to 2019.
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Status:
Expired
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Additional Information
Print number: 117_HR_6252
Sponsor: Rep. Nadler, Jerrold [D-NY-10]
Process start date: 2021-12-13
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
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Low-Revenue Recipient Paycheck Protection Program Relief Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6252.

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 2021-12-13.

What are the main provisions?

Key points include:

  • Low-revenue businesses can choose a new covered period for PPP loan forgiveness, offering greater flexibility.
  • Businesses that already received forgiveness may apply for additional forgiveness, reducing their financial burden.
  • A low-revenue business is defined as one not operating or having significantly lower revenue in 2020 compared to 2019.
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. Nadler, Jerrold [D-NY-10].

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 2025-12-28.

What is the impact of this bill?

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.

CATEGORIES

Economy Benefits