Jump to Content
ABA: The American Bankers Association

ABA Statement on Legislation to Extend Paycheck Protection Program

“We applaud members of the House and Senate for passing the Paycheck Protection Program Extension Act with strong bipartisan support and urge President Biden to quickly sign it into law. This legislation will help ensure that small businesses that have already applied for a PPP loan will be able to get that loan processed, rather than risk seeing this program end before their paperwork can be completed. It will also provide more time for still-struggling small businesses that have not yet applied for a PPP loan to do so.

“Banks of all sizes have stepped up during the pandemic to strongly support this unprecedented program and deliver more than $675 billion in PPP loans to small businesses, helping to support millions of jobs in the process. We will continue to work in partnership with the SBA to identify and address operational issues that are keeping the program from reaching its full potential. Providing an additional two months for small business borrowers to access PPP funding and an extra month for SBA to process PPP loans is a common-sense step that will support the economic recovery.”


About the American Bankers Association

The American Bankers Association is the voice of the nation’s $23.7 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.6 trillion in deposits and extend $11.8 trillion in loans.

Press Contact

Jeff Sigmund

(202) 663-5439

Contact Jeff
Useful Links

Resources for the Media

Media Contacts

All inquiries from the press can be directed to one of our press contacts.

ABA Expert Photos

Hi-Res photos for use by the press.

ABA Media Appearances

Getting the industry's message out – in print and on the air – about banks' health and lending, as well as policies that are harmful to economic recovery.

Media Credentials

Complimentary press registrations are available for select events.

Join Our Media Lists

Want to be added to our news release list? Sign up here.

RSS Feed

Get ABA press releases via RSS.