Authority

H. R. 1799

One Hundred Seventeenth Congress
of the
United States of America
AT T H E F I R S T S E S S I O N
Begun and held at the City of Washington on Sunday,
the third day of January, two thousand and twenty-one

An Act
To amend the Small Business Act and the CARES Act to extend the covered
period for the paycheck protection program, and for other purposes.

Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.

This Act may be cited as the ‘‘PPP Extension Act of 2021’’.
SEC. 2. EXTENSION OF COVERED PERIOD FOR PAYCHECK PROTECTION
PROGRAM.

(a) IN GENERAL.—Section 7(a)(36)(A)(iii) of the Small Business
Act (15 U.S.C. 636(a)(36)(A)(iii)) is amended by striking ‘‘March
31, 2021’’ and inserting ‘‘June 30, 2021’’.
(b) FUNDING.—Section 1102(b)(1) of the CARES Act (Public
Law 116–136), as amended by section 323 of the Economic Aid
to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public
Law 116–260), is amended by striking ‘‘March 31, 2021’’ and
inserting ‘‘June 30, 2021’’.
(c) RESTRICTION.—From June 1, 2021, through June 30, 2021,
the Administrator of the Small Business Administration shall not
accept new lender applications for loans under paragraph (36) or
(37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a))
and shall only process such lender applications that have been
submitted to the Administrator before June 1, 2021.
SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.

(a) IN GENERAL.—The budgetary effects of this Act shall not
be entered on either PAYGO scorecard maintained pursuant to
section 4(d) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C.
933(d)).
(b) SENATE PAYGO SCORECARDS.—The budgetary effects of this
Act shall not be entered on any PAYGO scorecard maintained
for purposes of section 4106 of H. Con. Res. 71 (115th Congress).

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.