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Increased PPP Loans for Farmers and Ranchers as Partnerships.

New rules allow farmers and ranchers operating as partnerships to receive larger Paycheck Protection Program (PPP) loans. This change applies to most PPP loans, including those already issued, potentially providing more financial support to these businesses. Loans already forgiven before the law's enactment are excluded.
Key points
Farmers and ranchers structured as partnerships can now use an alternative calculation for their maximum PPP loan amount.
This change applies to loans made before, on, or after the act's enactment, allowing for adjustments to previous applications.
Loans that have already been forgiven before the enactment date are not affected by this amendment.
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Expired
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Additional Information
Print number: 117_S_1047
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2021-03-25
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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 Flexibility for Farmers and Ranchers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1047.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • Farmers and ranchers structured as partnerships can now use an alternative calculation for their maximum PPP loan amount.
  • This change applies to loans made before, on, or after the act's enactment, allowing for adjustments to previous applications.
  • Loans that have already been forgiven before the enactment date are not affected by this amendment.
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 Sen. Marshall, Roger [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Agriculture Economy