H.R. 6818 (116th Congress) — Prioritization of applications from certain small businesses (May 12, 2020)
Summary
H. R. 6818 was introduced in the House of Representatives on May 12, 2020 by Mr. Green of Texas and Mrs. Beatty and referred to the Committee on Small Business. The bill is titled as one to amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration. Section 1 adds a set-aside for smaller employers to section 7(a)(36) of the Small Business Act. In making loan guarantees, the Administrator would guarantee that employers having a stated number or fewer full-time or part-time employees receive not less than a stated percent of all loan dollars.
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“H.R. 6818 (116th Congress) — Prioritization of applications from certain small businesses (May 12, 2020).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr6818ih-bills-116hr6818ih/
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I
116TH CONGRESS
2D SESSION
H. R. 6818
To amend the CARES Act to provide for the prioritization of applications
from certain small businesses seeking Payroll Protection Program loans
through the Small Business Administration.
IN THE HOUSE OF REPRESENTATIVES
MAY 12, 2020
Mr. GREEN of Texas (for himself and Mrs. BEATTY) introduced the following
bill; which was referred to the Committee on Small Business
A BILL
To amend the CARES Act to provide for the prioritization
of applications from certain small businesses seeking
Payroll Protection Program loans through the Small
Business Administration.
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. AMENDMENTS TO THE PAYCHECK PROTEC-
4 TION PROGRAM.
5 (a) SET ASIDE FOR SMALLER EMPLOYERS.—Section
6 7(a)(36) of the Small Business Act (15 U.S.C.
7 636(a)(36)) is amended—
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8 (1) By adding at the end the following:
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2
1 ‘‘(T) SET ASIDE FOR SMALLER EMPLOY-
2 ERS.—In making loan guarantees under this
3 paragraph after the date of enactment of this
4 clause, the Administrator shall guarantee that
5 employers having 25 or fewer full-time or part-
6 time employees as of February 15, 2020, shall
7 receive not less than 50 percent of all loan dol-
8 lars.’’.
Æ
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