H.R. 2583 · 117th Congress
PPP Equity Act of 2021
- Stage
- In committee
- Sponsor
- Ashley Hinson
- Introduced
- 2021-04-15
- Latest action
- 2021-04-15 · Introduced in House
Summary
PPP Equity Act of 2021
This bill allows farmers, ranchers, and sole proprietors to retroactively recalculate their loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), based on gross income rather than net profits.