S 1047
PPP Flexibility for Farmers and Ranchers Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the PPP Flexibility for Farmers and Ranchers Act, expands eligibility for the Paycheck Protection Program (PPP) to include certain farmers and ranchers who operate as partnerships. Currently, the PPP primarily supported individual farmers and ranchers. This legislation amends the Small Business Act to allow partnerships to use an alternative calculation for determining their maximum PPP loan amount, aligning them more closely with the program's original goals. The changes are effective immediately and apply to loans made before, on, or after the bill’s enactment.
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