17
Mar

U.S. House Moves Legislation to Extend PPP Applications Until May 31

From NAHB Now

The House on March 16 approved the PPP Extension Act, which would extend the filing deadline for Paycheck Protection Program (PPP) applications by 60 days and provides an additional 30 days for the U.S. Small Business Administration (SBA) to finish processing applications received by the new May 31 deadline.

Currently, the PPP is set to expire on March 31.

Companion legislation has been introduced in the Senate.

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