PPP Second Draw Fairness Act of 2021
This bill allows applicants for second draw loans under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to select any consecutive 90-day period in 2020 from which to demonstrate a qualifying loss in revenue that makes them eligible for such loans. Currently, this qualification period must align with a corresponding calendar quarter from the previous year.
To amend the Small Business Act to allow certain applicants for 
paycheck protection program second draw loans to select a 90-day period 
          to demonstrate eligibility, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``PPP Second Draw Fairness Act of 
2021''.

SEC. 2. ELIGIBILITY FOR PAYCHECK PROTECTION PROGRAM SECOND DRAW LOANS.

    Section 7(a)(37)(A)(iv)(I)(bb)(AA) of the Small Business Act (15 
U.S.C. 636(a)(37)(A)(iv)(I)(bb)(AA)) is amended by inserting ``either 
during any contiguous 90-day period in 2020, or'' before ``during the 
first''.
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PPP Second Draw Fairness Act of 2021
To amend the Small Business Act to allow certain applicants for paycheck protection program second draw loans to select a 90-day period to demonstrate eligibility, and for other purposes.
PPP Second Draw Fairness Act of 2021
Rep. Balderson, Troy