Washington, DC – Today, U.S. Representative Young Kim (CA-39) released a statement after President Joe Biden signed into law the Paycheck Protection Program (PPP) Extension Act (H.R. 1799), a bipartisan, bicameral bill led by Rep. Kim in the House to extend the PPP deadline to May 31, 2021.
“Our small business owners need more time to apply for relief to keep their doors open and their employees on payroll during COVID-19. The PPP Extension Act does exactly that by giving small business owners additional time to apply for relief and the Small Business Administration more time to review applications,” said Rep. Kim. “With billions in PPP relief unspent for months and the Biden administration making recent changes to PPP applications, this bill is a critical lifeline that will get more relief directly into the hands of our small business owners during COVID-19. I’m proud to have introduced this bipartisan bill that will save jobs, support small businesses and provide targeted relief during COVID-19. I’ll continue to do all I can to support our small businesses across California’s 39th District and the nation.”
The PPP Extension Act was introduced in the House by Rep. Kim along with House Small Business Committee Chairwoman Nydia Velazquez (NY-23), Ranking Member Blaine Leutkemeyer (MO-03) and Rep. Carolyn Bourdeaux (GA-07) and passed the House on March 16.
The Senate companion was led by Senate Small Business and Entrepreneurship Committee Chair Ben Cardin (D-MD) and Sens. Susan Collins (R-ME) and Jeanne Shaheen (D-NH) and passed in the Senate on March 25. Rep. Kim spoke with Senator Collins about the bill on March 23.
Click HERE to read H.R. 1799 and HERE to watch Rep. Kim’s floor remarks on the bill.
