3.0.0 1200 2023-03-08T20:12:14Z 2023-03-08T20:12:14Z Senate S 2021-04-19 117 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2021-04-19T19:56:50Z PPP Flexibility for Farmers, Ranchers, and the Self-Employed Act 117 1249 S 2021-04-20 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS PRACTICAL Act of 2021 117 2582 HR 2021-04-15 Referred to the House Committee on Small Business. Related bill CRS 2021-04-19 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2021-04-19 Introduced in Senate IntroReferral 10000 9 Library of Congress P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH N S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2021-04-19 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2021-04-19 True Commerce Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Small business Wages and earnings Commerce 00 2021-04-19 Introduced in Senate 2021-06-15T18:25:57Z Fair PPP Accounting Act

This bill modifies eligibility for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill provides for a period of 90 consecutive days to determine whether a borrower experienced a loss in revenue from 2019 to 2020 that qualifies them for a second draw loan. Currently, this qualification period must align with a corresponding calendar quarter from the previous year.

]]> Fair PPP Accounting Act Display Title Fair PPP Accounting Act Official Title as Introduced A bill to amend the definition of eligible entity in the second draw loan program of the Small Business Administration, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Fair PPP Accounting Act Introduced in Senate IS Introduced in Senate 2021-04-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1200is/xml/BILLS-117s1200is.xml 2021-04-19 Read twice and referred to the Committee on Small Business and Entrepreneurship. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.