President Biden Signs PPP Application Extension into Law

April 1, 2021

On March 30, 2021, President Biden signed into law H.R. 1799, the “PPP Extension Act of 2021,” which extends the Paycheck Protection Program (PPP) application deadline to May 31, 2021. The law also extends the PPP authorization process by 30 days, through June 30, 2021, giving the Small Business Administration additional time to process pending applications.

Marks Paneth will continue to monitor developments and will provide updates as they become available. Contact Mark Baran, Principal in Marks Paneth’s Tax Advisory Services Group, or your Marks Paneth advisor if you need additional information or assistance.

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