Text: S.4116 — 116th Congress (2019-2020)All Information (Except Text)

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Public Law No: 116-147 (07/04/2020)

 
[116th Congress Public Law 147]
[From the U.S. Government Publishing Office]



[[Page 134 STAT. 660]]

Public Law 116-147
116th Congress

                                 An Act


 
  To extend the authority for commitments for the paycheck protection 
 program and separate amounts authorized for other loans under section 
7(a) of the Small Business Act, and for other purposes. <<NOTE: July 4, 
                          2020 -  [S. 4116]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. EXTENDING AUTHORITY FOR COMMITMENTS FOR THE PAYCHECK 
                              PROTECTION PROGRAM AND SEPARATING 
                              AMOUNTS AUTHORIZED FOR OTHER 7(A) 
                              LOANS.

    Section 1102(b) of title I of division A of the Coronavirus Aid, 
Relief, and Economic Security Act (Public Law 116-136) <<NOTE: Ante, p. 
293.>>  is amended to read as follows:

    ``(b) <<NOTE: Time periods.>>  Commitments for PPP and Other 7(a) 
Loans.--
            ``(1) PPP loans.--During the period beginning on February 
        15, 2020 and ending on August 8, 2020, the amount authorized for 
        commitments under paragraph (36) of section 7(a) of the Small 
        Business Act (15 U.S.C. 636(a)) shall be $659,000,000,000.
            ``(2) <<NOTE: Applicability.>>  Other 7(a) loans.--During 
        fiscal year 2020, the amount authorized for commitments for 
        section 7(a) of the Small Business Act (15 U.S.C. 636(a)) under 
        the heading `business loans program account' under the heading 
        `Small Business Administration' under title V of the 
        Consolidated Appro priations Act, 2020 (Public Law 116-93; 133 
        Stat. 2475) shall apply with respect to any commitments under 
        such section 7(a) other than under paragraph (36) of such 
        section 7(a).''.

    Approved July 4, 2020.

LEGISLATIVE HISTORY--S. 4116:
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CONGRESSIONAL RECORD, Vol. 166 (2020):
            June 30, considered and passed Senate.
            July 1, considered and passed House.

                                  <all>

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