116 HR 266 EAS: Paycheck Protection Program and Health Care Enhancement Act U.S. House of Representatives 2020-04-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. 116th CONGRESS2d SessionH.R. 266In the Senate of the United States,April 21, 2020.Amendment:

That the bill from the House of Representatives (H.R. 266) entitled An Act making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2019, and for other purposes., do pass with the following

Strike all after the enacting clause and insert the following:

1.

Short title

This Act may be cited as the Paycheck Protection Program and Health Care Enhancement Act.

2.

Table of contents

The table of contents for this Act is as follows:Sec. 1. Short title.Sec. 2. Table of contents.Sec. 3. References.DIVISION A—Small business programsSec. 101. Amendments to the Paycheck Protection Program, economic injury disaster loans, and emergency grants.Sec. 102. Emergency designation.DIVISION B—Additional Emergency Appropriations for Coronavirus Response

3.

References

Except as expressly provided otherwise, any reference to ‘‘this Act’’ contained in any division of this Act shall be treated as referring only to the provisions of that division.

A

Small business programs

101.

Amendments to the Paycheck Protection Program, economic injury disaster loans, and emergency grants

(a)

Increased authority for commitments and appropriations for Paycheck Protection Program

Title I of division A of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136) is amended—(1)in section 1102(b)(1), by striking $349,000,000,000 and inserting $659,000,000,000; and(2)in section 1107(a)(1), by striking $349,000,000,000 and inserting $670,335,000,000.(b)

Increased authorization for emergency EIDL grants

Section 1110(e)(7) of division A of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136) is amended by striking $10,000,000,000 and inserting $20,000,000,000.(c)

Eligibility of agricultural enterprises for economic injury disaster loans and emergency grants

Section 1110(a)(2) of division A of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136) is amended—(1)in subparagraph (D), by striking or at the end;(2)in subparagraph (E), by striking the period at the end and inserting ; or; and(3)by adding at the end the following:(F)an agricultural enterprise (as defined in section 18(b) of the Small Business Act (15 U.S.C. 647(b)) with not more than 500 employees..(d)

Set aside for insured depository institutions, credit unions, and community financial institutions

Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended—(1)in subparagraph (A)—(A)in clause (viii), by striking and at the end;(B)in clause (ix), by striking the period at the end and inserting a semicolon; and(C)by adding at the end the following:(x)the term community development financial institution has the meaning given the term in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4702));(xi)the term community financial institutions means—(I)a community development financial institution;(II)a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note);(III)a development company that is certified under title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.); and (IV)an intermediary, as defined in section 7(m)(11); and(xii)the term credit union means a State credit union or a Federal credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).; and(2)by adding at the end the following:(S)

Set-aside for insured depository institutions, credit unions, and community financial institutions

(i)

Insured depository institutions and credit unions

In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee not less than $30,000,000,000 in loans made by—(I)insured depository institutions with consolidated assets of not less than $10,000,000,000 and less than $50,000,000,000; and(II)credit unions with consolidated assets of not less than $10,000,000,000 and less than $50,000,000,000.(ii)

Community financial institutions, small insured depository institutions, and credit unions

In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee not less than $30,000,000,000 in loans made by—(I) community financial institutions;(II)insured depository institutions with consolidated assets of less than $10,000,000,000; and(III)credit unions with consolidated assets of less than $10,000,000,000..

102.

Emergency designation

(a)

In general

The amounts provided under this division are designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 933(g)).(b)

Designation in Senate

In the Senate, this division is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018.

B

Additional Emergency Appropriations for Coronavirus Response

The following sums are hereby appropriated, out of any money in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020, and for other purposes, namely:

Secretary