,,ii #aagth ,,congress #ast ,session ,s4 #hae ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ag 7legislative day1 ,march #af71 #bjba,mr4 ,rubio 7for himself1 ,ms4 ,collins1 ,mr4 ,cramer1 ,mr4 ,risch1 ,mr4 ,braun1 ,mr4 ,crapo1 ,mr4 ,barrasso1 ,mr4 ,lankford1 ,mrs4 ,capito1 ,mrs4 ,hyde-,smith1 ,mr4 ,scott of ,south ,carolina1 ,mr4 ,rounds1 and ,mr4 ,hawley7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to amend the ,small ,business ,act and the ,,cares ,act to extend the covered period for the paycheck protection program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,ppp ,extension ,act of #bjba4 #b4 ,extension of covered period for paycheck protection program 7a7 ,in general ,section #g7;a77#cf77;,a77iii7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77;,a77iii77 is amended by striking ,march #ca1 #bjba and inserting ,june #cj1 #bjba4 7b7 ,funding ,section #aajb7;b77#a7 of the ,,cares ,act 7,public ,law #aaf-acf71 as amended by section #cbc of the ,economic ,aid to ,hard-,hit ,small ,businesses1 ,nonprofits1 and ,venues ,act 7title ,,iii of division ,n of ,public ,law #aaf-bfj71 is amended by striking ,march #ca1 #bjba and inserting ,june #cj1 #bjba4 7c7 ,restrictions 7#a7 ,processing ,from ,june #a1 #bjba1 through ,june #cj1 #bjba1 the ,administrator of the ,small ,business ,administration shall not accept new lender applications for loans under paragraph 7#cf7 or 7#cg7 of section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 and shall only process such lender applications that have been submitted to the ,administrator before ,june #a1 #bjba4 7#b7 ,limitation on prioritization ,during the period beginning on the date of enactment of this ,act and ending on the last day of the covered period1 as defined in section #g7;a77#cf77;,a77iii7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77;,a77iii771 as amended by this ,act1 the ,administrator of the ,small ,business ,administration may not establish or enforce any priority for processing lender applications under paragraph 7#cf7 or 7#cg7 of section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a771 except for any priority reasonably necessary to carry out the set-asides established under section #cbc7;d7 of the ,economic ,aid to ,hard-,hit ,small ,businesses1 ,nonprofits1 and ,venues ,act 7title ,,iii of division ,n of ,public ,law #aaf-bfj74