Pappas-Backed PPP Extension Passes the House

March 16, 2021
Press Release

Today the House passed H.R. 1779, the bipartisan PPP Extension Act of 2021, which Congressman Chris Pappas co-sponsored.

The Paycheck Protection Program (PPP), which has helped 34,000 Granite State businesses stay afloat, is set to expire at the end of the month despite the ongoing financial strain faced by so many small businesses. This legislation extends the deadline for application to this critical relief program until May 31, 2021 

“The Paycheck Protection Program (PPP) has allowed more than 30,000 Granite State businesses to keep their lights on and maintain their payrolls throughout this incredibly difficult year,” said Congressman Pappas. “As our economy begins to bounce back and more Americans get vaccinated, our small businesses still have a tough road ahead of them. I am glad we were able to come together to pass this critical PPP extension to support our small businesses, workers, and Main Street economy.”

Congressman Pappas, who serves as Chair of the bipartisan Small Business Caucus, has been relentless in his efforts to improve the program for small businesses in New Hampshire, including introducing legislation and leading calls for the Administration and Congressional Leadership to take action to support small businesses.

Pappas introduced bipartisan legislation to improve coordination between the Paycheck Protection Program and the Employee Retention Tax Credit to better support struggling businesses. He also called on the Treasury Department to ensure that the PPP was better tailored to meet the needs of Granite State businesses. 

Pappas also called on House leadership to improve the loan conditions of the PPP and other details of the program based on hundreds of conversations he had with Granite State small businesses. These improvements were included in the Paycheck Protection Program Flexibility Act, which Pappas advocated for and helped to pass.

 

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