[Congressional Record Volume 167, Number 54 (Tuesday, March 23, 2021)]
[Senate]
[Page S1714]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 1401. Mr. KENNEDY submitted an amendment intended to be proposed 
by him to the bill H.R. 1799, to amend the Small Business Act and the 
CARES Act to extend the covered period for the paycheck protection 
program, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. __. PROHIBITION ON PAYCHECK PROTECTION PROGRAM LOANS AND 
                   SECOND DRAW LOANS FOR APPLICANTS CONVICTED OF A 
                   FELONY IN RELATION TO A RIOT OR CIVIL DISORDER.

       (a) In General.--Section 7(a) of the Small Business Act (15 
     U.S.C. 636(a)) is amended--
       (1) in paragraph (36), by adding at the end the following:
       ``(W) Prohibition.--An applicant is not eligible to receive 
     a covered loan if an owner of 20 percent or more of the 
     equity of the applicant has, as of the date of the 
     application, been convicted of a felony in relation to a riot 
     or civil disorder during the 2-year period preceding the date 
     of the application.''; and
       (2) in paragraph (37), by adding at the end the following:
       ``(P) Prohibition.--An applicant is not eligible to receive 
     a covered loan if an owner of 20 percent or more of the 
     equity of the applicant has, as of the date of the 
     application, been convicted of a felony in relation to a riot 
     or civil disorder during the 2-year period preceding the date 
     of the application.''.
       (b) Applicability.--The amendments made by subsection (a) 
     shall apply with respect to an application for a loan under 
     paragraph (36) or (37) of section 7(a) of the Small Business 
     Act (15 U.S.C. 636(a)(36)) that is submitted on or after the 
     date of enactment of this Act.

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