arrow_back Trending Legislation
Share share

Changes to PPP Loans for Seasonal and New Businesses

This act modifies how the maximum amount for a second Paycheck Protection Program (PPP) loan is calculated for seasonal and new businesses. The goal is to make it easier for these specific types of businesses to access financial support, helping them retain employees.
Key points
Seasonal businesses can now calculate their maximum PPP loan amount based on any 12-week period between February 2019 and February 2020.
New businesses established after February 2020 can calculate their loan amount based on average monthly payroll costs since starting operations.
Businesses in the accommodation and food services sector (NAICS code 72) are eligible for a higher loan amount (3.5 times average monthly payroll costs).
The changes apply to loans made before, on, or after the act's enactment date.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Seasonal Business PPP Parity Act
Print number: S 1140
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2021-04-15
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-04-17
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Changes to PPP Loans for Seasonal and New 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 S 1140.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-15.

What are the main provisions?

Key points include:

  • Seasonal businesses can now calculate their maximum PPP loan amount based on any 12-week period between February 2019 and February 2020.
  • New businesses established after February 2020 can calculate their loan amount based on average monthly payroll costs since starting operations.
  • Businesses in the accommodation and food services sector (NAICS code 72) are eligible for a higher loan amount (3.5 times average monthly payroll costs).
  • The changes apply to loans made before, on, or after the act's enactment date.

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. King, Angus S., Jr. [I-ME].

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.

Analysis and Potential Impact of S 1140

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 Benefits