[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3711 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 3711

 To ensure that no cost reduction or cash refund is due under certain 
    transportation cost-reimbursement contracts on the basis of the 
     forgiveness of certain covered loans, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                           February 28, 2022

  Mr. Braun (for himself and Ms. Duckworth) introduced the following 
bill; which was read twice and referred to the Committee on Environment 
                            and Public Works

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                                 A BILL


 
 To ensure that no cost reduction or cash refund is due under certain 
    transportation cost-reimbursement contracts on the basis of the 
     forgiveness of certain covered loans, 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. TREATMENT OF PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS OF 
              PAYROLL COSTS UNDER HIGHWAY AND PUBLIC TRANSPORTATION 
              PROJECT COST-REIMBURSEMENT CONTRACTS.

    (a) In General.--Notwithstanding section 31.201-5 of title 48, Code 
of Federal Regulations (or successor regulations), for the purposes of 
any cost-reimbursement contract awarded in accordance with section 112 
of title 23, United States Code, or section 5325 of title 49, United 
States Code, or any subcontract under such a contract, no cost 
reduction or cash refund (including through a reduced indirect cost 
rate) shall be due to the Department of Transportation or to a State 
transportation department, transit agency, or other recipient of 
assistance under chapter 1 of title 23, United States Code, or chapter 
53 of title 49, United States Code, on the basis of forgiveness of the 
payroll costs of a covered loan (as those terms are defined in section 
7A(a) of the Small Business Act (15 U.S.C. 636m(a))) issued under the 
paycheck protection program under section 7(a)(36) of that Act (15 
U.S.C. 636(a)(36)).
    (b) Saving Provision.--Nothing in this section amends or exempts 
the prohibitions and liabilities under section 3729 of title 31, United 
States Code.
    (c) Termination.--This section ceases to be effective on June 30, 
2025.
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