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