Sec. 2. EXTENSION OF COVERED PERIOD FOR PAYCHECK PROTECTION PROGRAM
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## SEC. 2 EXTENSION OF COVERED PERIOD FOR PAYCHECK PROTECTION PROGRAM ###
(a)In General Section 7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(36)(A)(iii)) is amended by striking “March 31, 2021” and inserting “June 30, 2021”. ###
(b)Funding Section 1102(b)(1) of the CARES Act (Public Law 116-136), as amended by section 323 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public Law 116-260), is amended by striking “March 31, 2021” and inserting “June 30, 2021”. ###
(c)Restriction **[**[15 U.S.C. 636 note](/us/usc/t15/s636)**]** From June 1, 2021, through June 30, 2021, the Administrator of the Small Business Administration shall not accept new lender applications for loans under paragraph
(36)or
(37)of section 7(a) of the Small Business Act (15 U.S.C. 636(a)) and shall only process such lender applications that have been submitted to the Administrator before June 1, 2021.
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Sec. 2
EXTENSION OF COVERED PERIOD FOR PAYCHECK PROTECTION PROGRAM
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