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H.R. 6475 (116th Congress) — To expand eligibility for the paycheck protection program (April 10, 2020)

Summary

H.R. 6475, a bill of the 116th Congress, 2nd Session, introduced in the House of Representatives on April 10, 2020 by Green of Texas and referred to the Committee on Small Business. It is a bill to amend the Small Business Act to expand eligibility for the paycheck protection program. Section 1 adds a definition of covered entity that names financial businesses and legal gambling businesses, citing title 13, Code of Federal Regulations, and then inserts covered entity before the words veterans organization in subparagraph (D).

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Issuer
Congressional materials
Document type
Bills Bills 116Hr6475Ih Bills 116Hr6475Ih
Case
Bills Bills 116Hr6475Ih Bills 116Hr6475Ih

Cite this document

“H.R. 6475 (116th Congress) — To expand eligibility for the paycheck protection program (April 10, 2020).” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr6475ih-bills-116hr6475ih/, SHA-256 bd51f87e7a58cc7df9e4170f6fa6e014d0d1e53be4b2aadd6270b1c35666a025.

Full text

                                                                                                                                                                          I




                                                                       116TH CONGRESS
                                                                          2D SESSION
                                                                                                             H. R. 6475
                                                                             To amend the Small Business Act to expand eligibility for the paycheck
                                                                                         protection program, and for other purposes.




                                                                                     IN THE HOUSE OF REPRESENTATIVES
                                                                                                    APRIL 10, 2020
                                                                         Mr. GREEN of Texas introduced the following bill; which was referred to the
                                                                                              Committee on Small Business




                                                                                                                 A BILL
                                                                           To amend the Small Business Act to expand eligibility for
                                                                           the paycheck protection program, and for other purposes.

                                                                         1               Be it enacted by the Senate and House of Representa-
                                                                         2 tives of the United States of America in Congress assembled,
                                                                         3     SECTION 1. ELIGIBILITY OF COVERED ENTITIES FOR THE

                                                                         4                             PAYCHECK PROTECTION PROGRAM.

                                                                         5               (a) IN GENERAL.—Section 7(a)(36) of the Small
                                                                         6 Business Act (15 U.S.C. 636(a)(36)) is amended—
                                                                         7                        (1) in subparagraph (A)—
                                                                         8                                 (A) in clause (viii), by striking ‘‘and’’ at




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                                                                         9                        the end;




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                                                                                                                                  2
                                                                         1                                 (B) in clause (ix), by striking the period at
                                                                         2                        the end and inserting a semicolon; and
                                                                         3                                 (C) by adding at the end the following:
                                                                         4                                         ‘‘(x)          the         term        ‘covered        entity’
                                                                         5                                 means—
                                                                         6                                                  ‘‘(I) financial businesses (as de-
                                                                         7                                         fined in section 120.110(b) of title 13,
                                                                         8                                         Code of Federal Regulations); and
                                                                         9                                                  ‘‘(II) legal gambling businesses
                                                                       10                                          (as            described                under          section
                                                                       11                                          120.110(g) of title 13, Code of Fed-
                                                                       12                                          eral Regulations).’’; and
                                                                       13                         (2) in subparagraph (D), by inserting ‘‘covered
                                                                       14                entity,’’ after ‘‘veterans organization,’’ each place it
                                                                       15                appears.
                                                                                                                                  Æ




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                                                                                    •HR 6475 IH

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