HR 1589 United States House · 117th Congress

Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021

Summary

Paycheck Protection Program Loan Forgiveness Flexibility Act of 2021 This bill modifies the rehiring deadline by which a participant in the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), must return to pre-pandemic levels of employment in order to be eligible for loan forgiveness. Specifically, the bill sets this rehiring deadline to 90 days after the termination of all state and local COVID-19 emergency declarations that apply to the location of the recipient.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2021

Committee Review

Floor Vote

President

Introduced Mar 3, 2021 Last action Mar 3, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 3, 2021

Committee

Referred to the House Committee on Small Business.

lower

Mar 3, 2021

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors