Public Law 117–6: To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes.

public-law-117-6Public Law 117-6Statute

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PUBLIC LAW 117–6—MAR. 30, 2021
135 STAT. 250
Public Law
117–6
117th Congress
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.

Mar. 30, 2021

[H.R. 1799]

  Be it enacted by the Senate and House of Representa­tives of the United States of America in Congress assembled,

PPP Extension Act of 2021.

15 USC 631 note.
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),

134 Stat. 2018.
is amended
by
striking
“March 31, 2021” and
inserting
“June 30, 2021”.
(c)

15 USC 636 note.

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).
Approved March 30, 2021.

LEGISLATIVE HISTORY—H.R. 1799:

CONGRESSIONAL RECORD, Vol. 167 (2021):

Mar. 16, considered and passed House.

Mar. 25, considered and passed Senate.

DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2021):

Mar. 30, Presidential remarks.

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