CBO’s Estimate of the Budgetary Effects of H.R. 1799, the PPP Extension Act of 2021

Cost Estimate

As amended on March 15, 2021

Data and Supplemental Information

Corrections and Updates

On March 17, 2021, CBO revised this estimate to reflect the fact that extending the time period for SBA to issue PPP loans would not affect the amount of budget authority available for the program. CBO estimates that the program has sufficient budget authority under current law to accommodate the additional demand for first- and second-draw loans under H.R. 1799.