[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8686 Introduced in House (IH)]

<DOC>






116th CONGRESS
  2d Session
                                H. R. 8686

To amend the CARES Act to require an extension of subsidies for certain 
                 loan payments, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 27, 2020

Mr. Carson of Indiana introduced the following bill; which was referred 
                   to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
To amend the CARES Act to require an extension of subsidies for certain 
                 loan payments, 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. SHORT TITLE.

    This Act may be cited as the ``Small Business COVID-19 Debt Relief 
Extension Act of 2020''.

SEC. 2. SUBSIDY FOR CERTAIN LOAN PAYMENTS.

    (a) In General.--Section 1112(c)(1) of the CARES Act (15 U.S.C. 
9011(c)(1)) is amended--
            (1) by striking ``6-month period'' each place it appears 
        and inserting ``12-month period''; and
            (2) in subparagraph (B), by striking ``and'' at the end;
            (3) in subparagraph (C), by striking ``; and'' and 
        inserting a semicolon; and
            (4) by adding at the end the following new subparagraph:
                    ``(D) with respect to a covered loan made on or 
                after the date of the enactment of the Small Business 
                COVID-19 Debt Relief Extension Act of 2020, for the 
                period ending on September 30, 2021, if the borrower of 
                such covered loan submits a request to the 
                Administrator on or before March 30, 2021.''.
    (b) Effective Date.--The amendments made by this section shall 
apply as if included in the enactment of section 1112 of the CARES Act 
(15 U.S.C. 9011).
                                 <all>