WASHINGTON — Today, the United States Senate voted 92-7 to pass Congresswoman Carolyn Bourdeaux’s bipartisan PPP Extension Act of 2021, introduced in the Senate by Committee on Small Business and Entrepreneurship Chairman Ben Cardin (D-MD), Senator Susan Collins (R-ME), and Senator Jeanne Shaheen (D-NH). Today’s vote makes Congresswoman Bourdeaux the first new member of the 117th Congress to pass a bill out of both the House and Senate.
Currently, the Paycheck Protection Program is set to expire at the end of March. The bipartisan PPP Extension Act of 2021 would push that deadline back by two months, and provide an additional 30 days for the U.S. Small Business Administration to process loans submitted prior to the new May 31 deadline.
“I applaud the Senate for their quick and decisive action in passing my bipartisan PPP Extension Act,” said Congresswoman Bourdeaux. “Small businesses are hurting. It’s not a Democratic problem or a Republican problem, it’s an American problem.
“This bill originated with local business owners in my District, who came to me with their concerns regarding the PPP application period being set to end in March and how it would impact small businesses. This legislation will extend that deadline, allowing more of our small businesses the opportunity to access critically-needed funds. It also creates a one month processing period to avoid bureaucratic delays in distribution of funds.
“When I ran for office, I promised to work with people of good faith on both sides of the aisle to get things done for Georgians. Today’s bipartisan passage of the PPP Extension Act reflects that commitment. I thank Chairwoman Velázquez, Ranking Member Luetkemeyer, Congresswoman Kim, Chairman Cardin, Senator Collins, Senator Shaheen, and all those who voted to support small businesses in both the House and the Senate by passing this bill.”
The PPP Extension Act of 2021 is expected to be signed into law by President Biden in the coming days. The bill was introduced in the House by Congresswoman Carolyn Bourdeaux, House Committee on Small Business Chairwoman Nydia M. Velázquez (NY-07), House Committee on Small Business Ranking Member Blaine Luetkemeyer (MO-03), and Congresswoman Young Kim (CA-39).
Rep. Carolyn Bourdeaux lives with her family in Suwanee, Georgia and represents Georgia’s 7th Congressional District in the 117th Congress. Carolyn is a strong advocate for affordable health care, an economic recovery that puts workers and small businesses first, and investing in her district’s world-class public education system and transportation infrastructure.
Georgia’s fast-changing 7th Congressional District includes portions of the northeast Atlanta metropolitan area, including portions of Forsyth and Gwinnett counties and cities Peachtree Corners, Berkeley Lake, Sugar Hill, Norcross, Cumming, Lawrenceville, Duluth, Snellville, Lilburn, Suwanee, Grayson, and Buford.