[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7437 Introduced in House (IH)]

<DOC>






116th CONGRESS
  2d Session
                                H. R. 7437

  To extend the authority for commitments for the paycheck protection 
 program and separate amounts authorized for other loans under section 
        7(a) of the Small Business Act, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 1, 2020

  Ms. Craig (for herself and Mr. Balderson) introduced the following 
      bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To extend the authority for commitments for the paycheck protection 
 program and separate amounts authorized for other loans under section 
        7(a) of the Small Business Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENDING AUTHORITY FOR COMMITMENTS FOR THE PAYCHECK 
              PROTECTION PROGRAM AND SEPARATING AMOUNTS AUTHORIZED FOR 
              OTHER 7(A) LOANS.

    Section 1102(b) of title I of division A of the Coronavirus Aid, 
Relief, and Economic Security Act (Public Law 116-136) is amended to 
read as follows:
    ``(b) Commitments for PPP and Other 7(a) Loans.--
            ``(1) PPP loans.--During the period beginning on February 
        15, 2020 and ending on August 8, 2020, the amount authorized 
        for commitments under paragraph (36) of section 7(a) of the 
        Small Business Act (15 U.S.C. 636(a)) shall be 
        $659,000,000,000.
            ``(2) Other 7(a) loans.--During fiscal year 2020, the 
        amount authorized for commitments for section 7(a) of the Small 
        Business Act (15 U.S.C. 636(a)) under the heading `business 
        loans program account' under the heading `Small Business 
        Administration' under title V of the Consolidated 
        Appropriations Act, 2020 (Public Law 116- 93; 133 Stat. 2475) 
        shall apply with respect to any commitments under such section 
        7(a) other than under paragraph (36) of such section 7(a).''.
                                 <all>