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S. 723: PPP Extension Act of 2021

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S. 723: PPP Extension Act of 2021

117th Congress · introduced 2021-03-11 · Commerce · Latest: Committee on Small Business and Entrepreneurship. Hearings held.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-03-11 · official record
  2. Who proposed it: Sen. Collins, Susan M. [R-ME] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Committee on Small Business and Entrepreneurship. Hearings held. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

PPP Extension Act of 2021

Plain summary

PPP Extension Act of 2021 This bill extends the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), through June 30, 2021. Currently, the program is set to expire on March 31, 2021. For the final 30 days of the program (i.e., from June 1 until June 30), the Small Business Administration may only process applications submitted prior to June 1, and it may not accept any new loan applications.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

PPP Extension Act of 2021

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Collins, Susan M. [R-ME] · 16 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jeanne Shaheen (D-NH), Roger Marshall (R-KS), Dan Sullivan (R-AK), Jacky Rosen (D-NV), Lisa Murkowski (R-AK), Ron Wyden (D-OR), Thom Tillis (R-NC), Jon Ossoff (D-GA), Shelley Moore Capito (R-WV), Jeff Merkley (D-OR), Martin Heinrich (D-NM), Amy Klobuchar (D-MN)

Sponsor's campaign money: Sen. Collins, Susan M. [R-ME] reported raising $22.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-s723 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117