arrow_back Back to App

Increased PPP Loans for Farmers, Self-Employed, and Independent Contractors

This act makes it easier for farmers, ranchers, self-employed individuals, and independent contractors to receive larger Paycheck Protection Program (PPP) loans. It changes how the maximum loan amount is calculated, potentially providing more funds for these groups. Additionally, it allows for recalculation of existing loans to get a higher amount, even if forgiveness was previously sought.
Key points
Increases the maximum PPP loan amount for farmers, ranchers, self-employed individuals, and independent contractors.
Allows recalculation of existing PPP loans for a larger amount, even if forgiveness was previously applied for.
Introduces new loan calculation rules for partnerships without employees, based on partners' gross income.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1232
Sponsor: Sen. Baldwin, Tammy [D-WI]
Process start date: 2021-04-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1232.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • Increases the maximum PPP loan amount for farmers, ranchers, self-employed individuals, and independent contractors.
  • Allows recalculation of existing PPP loans for a larger amount, even if forgiveness was previously applied for.
  • Introduces new loan calculation rules for partnerships without employees, based on partners' gross income.
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. Baldwin, Tammy [D-WI].

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

Economy Agriculture Benefits