Yesterday, President Biden signed the Paycheck Protection Program (PPP) Extension Act of 2021, a bill originally introduced in the House of Representatives by Democratic Representative Carolyn Bourdeaux, who just flipped Georgia’s 7th Congressional District seat from red to blue in the nation’s only Democratic House seat flip of the 2020 election.
The new law extends the deadline for small businesses in Georgia and across the nation to apply for PPP loans until May 31. Rep. Bourdeaux is the first freshman member of Congress to have a co-sponsored bill become law.
Rep. Bourdeaux’s leadership in aiding small businesses affected by the COVID-19 pandemic is part of the larger effort by Democrats and the Biden-Harris administration to support struggling small businesses and entrepreneurs. The American Rescue Plan, passed by Democrats in Congress and signed by President Biden in early March, added $7.25 billion in PPP funds and changed aid guidelines to offer more support to small businesses. Meanwhile, the Biden-Harris administration has enacted a series of policy changes that make it easier for small businesses to apply for and secure loans.