A bill to modify the maximum paycheck protection program loan amount for farmers and ranchers, sole proprietors, independent contractors, and self-employed individuals.

referredUnited States· United States Congress· EN

Introduced

20 April 2021

Last action

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Status

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summary

This bill modifies the calculation of loan amounts for partnerships with no employees (e.g., self-employed farmers) under the Paycheck Protection Program, which was established to support small businesses in response to COVID-19. Specifically, the bill allows such individuals to apply for a loan in the amount of the difference between their gross and net income loan amounts, even if they have already received a loan based on their net income and received forgiveness for that loan.

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Versions

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 20 April 2021
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Introduced in Senate (PDF)
Introduced in Senate · EN · 20 April 2021
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Introduced in Senate
summary · EN · 20 April 2021
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Sources

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Official source: https://www.congress.gov/bill/117th-congress/senate-bill/1232
Open data entity: https://api.congress.gov/v3/bill/117/s/1232