H.R. 1799 — Placed on Calendar (Senate)

II Calendar No. 11 117th CONGRESS 1st Session H. R. 1799 IN THE SENATE OF THE UNITED STATES March 17 (legislative day, March 16), 2021Received; read the first time March 18, 2021Read the second time and placed on the calendar AN ACT To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes. 1. Short title This Act may be cited as the PPP Extension Act of 2021. 2. Extension of covered period for paycheck protection program (a) In general Section 7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(36)(A)(iii)) is amended by striking March 31, 2021 and inserting June 30, 2021. (b) Funding Section 1102(b)(1) of the CARES Act (Public Law 116–136), as amended by section 323 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public Law 116–260), is amended by striking March 31, 2021 and inserting June 30, 2021. (c) Restriction From June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration shall not accept new lender applications for loans under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)) and shall only process such lender applications that have been submitted to the Administrator before June 1, 2021. 3. Determination of Budgetary Effects (a) In general The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 933(d)). (b) Senate paygo scorecards The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress). Passed the House of Representatives March 16, 2021.Cheryl L. Johnson,Clerk March 18, 2021Read the second time and placed on the calendar