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S. 723

BillFederalSenateIn Committee
PPP Extension Act of 2021
About This Bill
Committee
Latest Action · March 24, 2021
Committee on Small Business and Entrepreneurship. Hearings held.
Congress
117th (2021–2023)
Introduced
March 11, 2021
Cosponsors (16)
10D 6R
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Summary

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PPP Extension Act of 2021 This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. Currently, the program is set to expire on March 31, 2021. For the final 30 days of the program (i.e., from June 1 until June 30), the Small Business Administration may only process applications submitted prior to June 1, and it may not accept any new loan applications.

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