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PPP Extension Act of 2021: Program Extended to June

This act extends the deadline for applying for Paycheck Protection Program (PPP) loans until June 30, 2021. This means small businesses and non-profits have more time to seek financial support, potentially helping to retain jobs and maintain economic stability during challenging times.
Key points
The deadline for PPP loan applications has been moved from March 31, 2021, to June 30, 2021.
From June 1, 2021, to June 30, 2021, the Small Business Administration (SBA) will only process lender applications submitted before June 1, 2021, and will not accept new ones.
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Expired
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Additional Information
Print number: 117_S_723
Sponsor: Sen. Collins, Susan M. [R-ME]
Process start date: 2021-03-11
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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 Extension Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_723.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-11.

What are the main provisions?

Key points include:

  • The deadline for PPP loan applications has been moved from March 31, 2021, to June 30, 2021.
  • From June 1, 2021, to June 30, 2021, the Small Business Administration (SBA) will only process lender applications submitted before June 1, 2021, and will not accept new ones.
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. Collins, Susan M. [R-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.

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