[Congressional Record Volume 168, Number 38 (Wednesday, March 2, 2022)]
[Senate]
[Page S957]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 4968. Mr. SCOTT of Florida submitted an amendment intended to be
proposed by him to the bill H.R. 3076, to provide stability to and
enhance the services of the United States Postal Service, and for other
purposes; which was ordered to lie on the table; as follows:
At the end of title II, add the following:
SEC. 210. REPAYMENT OF ORIGINAL CARES ACT LOAN REQUIRED.
Section 6001 of the CARES Act (39 U.S.C. 101 note; Public
Law 116-136) is amended--
(1) in the section heading, by striking ``funding'' and
inserting ``borrowing authority''; and
(2) by striking subsection (c) and inserting the following:
``(c) Loan Repayment.--
``(1) In general.--Notwithstanding the amendments to this
section made by section 801 of division N of the Continuing
Appropriations Act, 2021 (Public Law 116-260; 134 Stat.
2119), the Postal Service shall repay any amounts received
from the Secretary of the Treasury under subsection (b).
``(2) Terms and conditions.--The agreement in principle
between the Secretary of the Treasury and the Postal Service
that was approved by the Board of Governors of the Postal
Service on July 28, 2020, and any subsequent agreement
entered into between the Secretary of the Treasury and the
Postal Service to implement the agreement in principle, shall
apply to the repayment of amounts under paragraph (1).''.
______