Enrolled (final) — PPP Application Deadline Extension Act

Record facts

Summary

The enrolled text of S. 4116, an Act of the One Hundred Sixteenth Congress, Second Session, dated July 4, 2020 in the page's record facts. The Act extends the authority for commitments for the paycheck protection program and separates the amounts authorized for other loans under section 7(a) of the Small Business Act. Its single section amends Section 1102(b) of title I of division A of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136). As amended, commitments for PPP loans from February 15, 2020 to August 8, 2020 are set at $659,000,000,000, while other 7(a) loans during fiscal year 2020 fall under the amount set in the Consolidated Appropriations Act, 2020 (Public Law 116–93). The text ends with signature lines for the Speaker of the House and the Vice President.

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Full text

S. 4116 
One Hundred Sixteenth Congress 
of the 
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Friday, 
the third day of January, two thousand and twenty 
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. 
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) is amended 
to read as follows: 
‘‘(b) 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) 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 ‘BUSI-
NESS LOANS PROGRAM ACCOUNT’ under the heading ‘SMALL BUSI-
NESS 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).’’. 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.

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