S 1140
Seasonal Business PPP Parity Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Seasonal Business PPP Parity Act amends the Small Business Act to allow seasonal businesses that received Paycheck Protection Program (PPP) loans to potentially increase the amount they can receive in a second draw loan. Specifically, it adjusts the calculation used to determine the maximum loan amount, giving these businesses a chance to receive a larger loan than initially approved, particularly if they received forgiveness for their first draw loan before a revised calculation was applied.
Sponsors
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Primary sponsor
Angus S., Jr. King
Cosponsor
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