H.R. 2615 · 117th Congress
PPP Second Draw Fairness Act of 2021
- Stage
- In committee
- Sponsor
- Troy Balderson
- Introduced
- 2021-04-16
- Latest action
- 2021-04-16 · Introduced in House
Summary
PPP Second Draw Fairness Act of 2021
This bill allows applicants for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to select any consecutive 90-day period in 2020 from which to demonstrate a qualifying loss in revenue that makes them eligible for such loans. Currently, this qualification period must align with a corresponding calendar quarter from the previous year.