While not included in the American Revitalization Plan, it looks like a deal is in place between the House Small Business Chair Nydia Velázquez (D-N.Y.) and Rep. Blaine Luetkemeyer (R-Mo.), the committee's top Republican, to extend the time in which applicants can file for a PPP loan (First Draw or Second Draw) to May 31, 2021.
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Bipartisan deal to extend SBA PPP - Vote coming
The leaders of the House Small Business Committee have reached a bipartisan agreement to extend the Paycheck Protection Program for two months [until May 31, 2021] amid growing concern that its March 31 expiration would deprive many employers of aid. It would also give the Small Business Administration authority to continue processing pending applications for 30 days after that date, aides for the two lawmakers told POLITICO.
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