[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 4116 Enrolled Bill (ENR)]

        S.4116

                     One Hundred Sixteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Friday,
            the third day of January, two thousand and twenty


                                 An Act


 
  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 Appro priations 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).''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.