To modify the calculation of the maximum loan amount under the paycheck protection program for farmers, ranchers, and sole proprietors, and for other purposes.
PPP Equity Act of 2021
This bill allows farmers, ranchers, and sole proprietors to retroactively recalculate their loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), based on gross income rather than net profits.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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