Committee-passed (Senate) — PPP Application Deadline Extension Act

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II 
116TH CONGRESS 
2D SESSION 
S. 4116 
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. 
IN THE SENATE OF THE UNITED STATES 
JUNE 30, 2020 
Mr. CARDIN (for himself, Mr. SCHUMER, Mrs. SHAHEEN, Mr. COONS, Ms. 
ROSEN, and Ms. COLLINS) introduced the following bill; which was read 
twice, considered, read the third time, and passed 
A BILL 
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. 
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled, 
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•S 4116 CPS
SECTION 1. EXTENDING AUTHORITY FOR COMMITMENTS 
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FOR THE PAYCHECK PROTECTION PROGRAM 
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AND SEPARATING AMOUNTS AUTHORIZED 
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FOR OTHER 7(A) LOANS. 
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Section 1102(b) of title I of division A of the 
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Coronavirus Aid, Relief, and Economic Security Act (Pub-
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lic Law 116–136) is amended to read as follows: 
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‘‘(b) COMMITMENTS
FOR PPP AND OTHER 7(A) 
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LOANS.— 
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‘‘(1) PPP LOANS.—During the period begin-
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ning on February 15, 2020 and ending on August 
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8, 2020, the amount authorized for commitments 
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under paragraph (36) of section 7(a) of the Small 
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Business 
Act 
(15 
U.S.C. 
636(a)) 
shall 
be 
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$659,000,000,000. 
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‘‘(2) OTHER 7(A) LOANS.—During fiscal year 
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2020, the amount authorized for commitments for 
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section 7(a) of the Small Business Act (15 U.S.C. 
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636(a)) under the heading ‘BUSINESS LOANS PRO-
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GRAM ACCOUNT’ under the heading ‘SMALL BUSI-
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NESS ADMINISTRATION’ under title V of the Consoli-
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dated Appropriations Act, 2020 (Public Law 116– 
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93; 133 Stat. 2475) shall apply with respect to any 
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commitments under such section 7(a) other than 
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under paragraph (36) of such section 7(a).’’. 
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Æ 
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