Economic stimulation in the event of a pandemic: legislative and regulatory changes as of April 2, 2021 – Coronavirus (COVID-19)

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United States: Economic stimulation in the event of a pandemic: legislative and regulatory changes as of April 2, 2021

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April 2, 2021 – This week, President Biden enacted bipartisan legislation extending the Paycheck Protection Program (PPP) loan application deadline from March 31 to May 31. There have been no regulatory developments to note.

Legislative proposals for fiscal stimulus

HR 1799: PPP Extension Law of 2021

On March 30, President Biden enacted bipartisan legislation that extends the Paycheck Protection Program (PPP) application deadline from March 31 to May 31 and gives the Small Business Administration (SBA) an additional 30 days to process loans submitted before the new deadline. Representative Carolyn Bourdeaux (D-GA) introduced the bill with 101 co-sponsors.

HR 2290: The Stop Stops Now Law (Stop Shutdowns Now)

On March 29, Representative Pete Stauber (R-MN) introduced legislation that would require the Small Business Administration to create an impact report on any future state, federal or executive COVID-19 requirements restricting or preventing small businesses from operating. at full capacity.

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