I 117TH CONGRESS 1ST SESSION H. R. 1411 To amend the Small Business Act to allow certain ranchers and farmers categorized as partnerships to use an alternative calculation for a max- imum loan amount under the paycheck protection program, and for other purposes. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 26, 2021 Mr. HAGEDORN (for himself, Mr. LUETKEMEYER, Mr. THOMPSON of Pennsyl- vania, Mr. CUELLAR, Mr. NEWHOUSE, Mr. AUSTIN SCOTT of Georgia, Mr. CRAWFORD, Mr. LAMALFA, Mr. STAUBER, Mr. ARRINGTON, Mr. MEUSER, Mr. BACON, Ms. STEFANIK, Mr. HIGGINS of Louisiana, Mr. BAIRD, Mr. MOOLENAAR, Mr. FITZPATRICK, Mr. ROGERS of Alabama, Mr. KELLY of Mississippi, Mr. KUSTOFF, Mr. UPTON, Mr. TURNER, Ms. TENNEY, Mr. MANN, Mr. ISSA, Mr. SMITH of Missouri, Mr. BALDERSON, Mr. ALLEN, Mrs. FISCHBACH, Mr. SESSIONS, Mr. CARTER of Texas, Mr. PFLUGER, Mr. TIMMONS, Mrs. KIM of California, Mr. CLINE, Mrs. MCCLAIN, Mr. MURPHY of North Carolina, Mr. ROUZER, Mr. VALADAO, Mr. ROSE, Mr. JACKSON, Mr. KELLY of Pennsylvania, Mr. FEENSTRA, Mr. EMMER, Mr. ROSENDALE, Mr. HERN, Mr. BABIN, Mr. GIBBS, Ms. VAN DUYNE, Mr. STEWART, Mr. JOYCE of Pennsylvania, Mr. KELLER, Mr. DONALDS, Mr. WILLIAMS of Texas, and Mr. BENTZ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to allow certain ranchers and farmers categorized as partnerships to use an alter- native calculation for a maximum loan amount under the paycheck protection program, and for other purposes. VerDate Sep 11 2014 18:31 Mar 26, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6652 E:\BILLS\H1411.IH H1411 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 1411 IH Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘PPP Flexibility for 4 Farmers and Ranchers Act’’. 5 SEC. 2. PARTNERSHIP PAYCHECK PROTECTION PROGRAM 6 LOAN CALCULATION AS FARMER OR RANCH- 7 ER. 8 (a) IN GENERAL.—Section 7(a)(36)(V)(i)(I) of the 9 Small Business Act (as amended by the Economic Aid to 10 Hard-Hit Small Businesses, Nonprofits, and Venues Act 11 (Public Law 116–260)) is amended by inserting ‘‘is a 12 partnership,’’ after ‘‘independent contractor,’’. 13 (b) EFFECTIVE DATE; APPLICABILITY.— 14 (1) IN GENERAL.—Except as provided in para- 15 graph (2), the amendments made by subsection (a) 16 shall be effective as if included in the CARES Act 17 (Public Law 116–136; 134 Stat. 281) and shall 18 apply to any loan made pursuant to section 7(a)(36) 19 of the Small Business Act (15 U.S.C. 636(a)(36)) 20 before, on, or after the date of enactment of this 21 Act, including forgiveness of such a loan. 22 (2) EXCLUSION OF LOANS ALREADY FOR- 23 GIVEN.—The amendments made by subsection (a) 24 shall not apply to a loan made pursuant to section 25 VerDate Sep 11 2014 18:31 Mar 26, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1411.IH H1411 pamtmann on DSKBC07HB2PROD with BILLS 3 •HR 1411 IH 7(a)(36) of the Small Business Act (15 U.S.C. 1 636(a)(36)) for which the borrower received forgive- 2 ness before the date of enactment of this Act under 3 section 1106 of the CARES. 4 Æ VerDate Sep 11 2014 18:31 Mar 26, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H1411.IH H1411 pamtmann on DSKBC07HB2PROD with BILLS