[Congressional Record Volume 167, Number 55 (Wednesday, March 24, 2021)]
[Senate]
[Page S1777]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1403. Mr. MARSHALL (for himself and Ms. Ernst) 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. __. PARTNERSHIP PAYCHECK PROTECTION PROGRAM LOAN 
                   CALCULATION AS FARMER OR RANCHER.

       (a) In General.--Section 7(a)(36)(V)(i)(I) of the Small 
     Business Act (15 U.S.C. 636(a)(36)(V)(i)(I)) is amended by 
     inserting ``is a partnership,'' after ``independent 
     contractor,''.
       (b) Effective Date; Applicability.--
       (1) In general.--Except as provided in paragraph (2), the 
     amendment made by subsection (a) shall be effective as if 
     included in the CARES Act (Public Law 116-136; 134 Stat. 281) 
     and shall apply to any loan made pursuant to section 7(a)(36) 
     of the Small Business Act (15 U.S.C. 636(a)(36)) before, on, 
     or after the date of enactment of this Act, including 
     forgiveness of such a loan.
       (2) Exclusion of loans already forgiven.--The amendments 
     made by subsection (a) shall not apply to a loan made 
     pursuant to section 7(a)(36) of the Small Business Act (15 
     U.S.C. 636(a)(36)) for which the borrower received 
     forgiveness before the date of enactment of this Act under 
     section 1106 of the CARES Act (15 U.S.C. 9005).
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