[Congressional Record Volume 166, Number 140 (Thursday, August 6, 2020)]
[Senate]
[Page S5301]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2601. Mr. LEE submitted an amendment intended to be proposed to 
amendment SA 2499 proposed by Mr. McConnell to the bill S. 178, to 
condemn gross human rights violations of ethnic Turkic Muslims in 
Xinjiang, and calling for an end to arbitrary detention, torture, and 
harassment of these communities inside and outside China; which was 
ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ___. MAIN STREET LENDING PROGRAM.

       (a) In General.--Not later than 7 days after the date of 
     enactment of this Act, the Board of Governors of the Federal 
     Reserve System shall make the following changes to the Main 
     Street Lending Program established by the Board of Governors:
       (1) Eliminate any minimum loan amount under the Program.
       (2) Eliminate any servicing fee imposed on a lender with 
     respect to the initiation or purchase of any loan under the 
     Program.
       (3) Provide that--
       (A) there shall not be a minimum interest rate for any loan 
     covered under the Program; and
       (B) the Board of Governors may establish a maximum interest 
     rate for any loan covered under the Program.
       (b) Transfer of Appropriations.--
       (1) Transfer.--Effective on the date that is 7 days after 
     the date of enactment of this Act, and notwithstanding any 
     other provision of law, the Secretary of the Treasury shall 
     transfer to the fund established under section 5302(a)(1) of 
     title 31, United States Code, from the unobligated balances 
     of the amounts made available under section 1107(a)(1) of the 
     CARES Act (15 U.S.C. 9006(a)(1)), the lesser of the amount of 
     such unobligated balances or $6,000,000,000.
       (2) Characteristics of transferred amounts.--The amounts 
     transferred under paragraph (1)--
       (A) notwithstanding section 5302(a)(1) of title 31, United 
     States Code, shall be available to the Secretary of the 
     Treasury, without further appropriation, to, in accordance 
     with the changes made by subsection (a), make loans, loan 
     guarantees, and other investments under the Main Street 
     Lending Program established by the Board of Governors of the 
     Federal Reserve System; and
       (B) shall remain available until January 1, 2026.
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