Rep. Spartz Votes "Yes' on PPP Extension Act

Press Release

Congresswoman Victoria Spartz (IN-05) was proud to support the Paycheck Protection Program Extension Act, which passed after a vote on the House floor Tuesday evening. The bill extends the amount of time small businesses will have to apply for loans that have helped many keep their workforce employed during the Coronavirus (COVID-19) crisis.

"The Paycheck Protection Program extension will help hundreds of small businesses in Indiana's 5th District to keep their doors open and keep making payroll," said Rep. Spartz. "It ensures that this money gets into the hands of our small business owners and the hard-working Hoosiers who need it most."

The Paycheck Protection Program, or CARES Act, was signed into law on December 21, 2020 and was set to expire on March 31, 2021. The bipartisan Paycheck Protection Program Extension Act extends that deadline by two months and provides an additional 30 days for the U.S. Small Business Administration (SBA) to process loans submitted prior to the new May 31, 2021 deadline. The Paycheck Protection Program has helped small businesses across America save tens of millions of jobs.

Source