H.R. 7619, Expanding Assistance to Farmers Act of 2020
Summary
House bill 7619 of the 116th Congress, 2D Session, is the Expanding Assistance to Farmers Act of 2020, a bill to amend the Small Business Act and the CARES Act to include rental payments for certain business-related items in the paycheck protection program. Bishop of North Carolina introduced it on July 16, 2020 with Finkenauer, and it was referred to the Committee on Small Business. It adds rental payments made by an agricultural enterprise on property used solely for that enterprise, including payments for equipment (tractors, combines, forage harvesters, planters, sprayers, hay rakes and wagons, field equipment, irrigation equipment, tools, and supplies), land, and buildings. A technical amendment strikes 'covered lease' and inserts 'covered rent' in section 1106 of the CARES Act.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Issuer
- Congressional materials
- Document type
- Bills Bills 116Hr7619Ih Bills 116Hr7619Ih
- Case
- Bills Bills 116Hr7619Ih Bills 116Hr7619Ih
Cite this document
“H.R. 7619, Expanding Assistance to Farmers Act of 2020.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr7619ih-bills-116hr7619ih/
, SHA-256 872e9b248c4d3381cb187c31cc8eff8149bcab697e8e6fe1df3b071d34cd3747.Full text
I
116TH CONGRESS
2D SESSION
H. R. 7619
To amend the Small Business Act and the CARES Act to include rental
payments for certain business-related items in the paycheck protection
program, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JULY 16, 2020
Mr. BISHOP of North Carolina (for himself and Ms. FINKENAUER) introduced
the following bill; which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act and the CARES Act
to include rental payments for certain business-related
items in 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. SHORT TITLE.
4 This Act may be cited as the ‘‘Expanding Assistance
5 to Farmers Act of 2020’’.
tkelley on DSKBCP9HB2PROD with BILLS
VerDate Sep 11 2014 23:10 Aug 06, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7619.IH H7619
2
1 SEC. 2. INCLUSION OF RENTAL PAYMENTS ON CERTAIN
2 BUSINESS-RELATED ITEMS IN THE PAY-
3 CHECK PROTECTION PROGRAM.
4 (a) PAYCHECK PROTECTION PROGRAM.—Section
5 7(a)(36)(F)(i) of the Small Business Act (15 U.S.C.
6 636(a)(36)(F)(i)) is amended—
7 (1) in subclause (VI), by striking ‘‘and’’ at the
8 end;
9 (2) in subclause (VII), by striking the period at
10 the end and inserting ‘‘; and’’; and
11 (3) by adding at the end the following new sub-
12 clause:
13 ‘‘(VIII) rental payments made by
14 an agricultural enterprise (as defined
15 in section 18(b)) on property used
16 solely for such agricultural enterprise,
17 which shall include payments for
18 equipment (including tractors, com-
19 bines, forage harvesters, planters,
20 sprayers, hay rakes and wagons, field
21 equipment, irrigation equipment,
22 tools, and supplies), land, and build-
23 ings.’’.
24 (b) FORGIVEABLE EXPENSES.—
tkelley on DSKBCP9HB2PROD with BILLS
25 (1) COVERED RENTAL PAYMENTS MADE BY AN
26 AGRICULTURAL ENTERPRISE.—Section 1106(a) of
•HR 7619 IH
VerDate Sep 11 2014 23:10 Aug 06, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H7619.IH H7619
3
1 the CARES Act (Public Law 116–136) is amend-
2 ed—
3 (A) in paragraph (7)(D), by striking
4 ‘‘and’’ at the end;
5 (B) in paragraph (8), by striking the pe-
6 riod at the end and inserting ‘‘; and’’; and
7 (C) by adding at the end the following new
8 paragraph:
9 ‘‘(9) the term ‘covered rental payments made
10 by an agricultural enterprise’ means rental payments
11 made pursuant to an agreement in force before Feb-
12 ruary 15, 2020, by an agricultural enterprise (as de-
13 fined in section 18(b) the Small Business Act (15
14 U.S.C. 647(b)) on property used solely for such agri-
15 cultural enterprise, which shall include payments for
16 equipment (including tractors, combines, forage har-
17 vesters, planters, sprayers, hay rakes and wagons,
18 field equipment, irrigation equipment, tools, and
19 supplies), land, and buildings.’’.
20 (2) DEFINITION OF EXPECTED FORGIVENESS
21 AMOUNT.—Section 1106(a)(7) of the CARES Act
22 (Public Law 116–136) is amended—
23 (A) in subparagraph (C), by striking
24 ‘‘and’’ at the end; and
tkelley on DSKBCP9HB2PROD with BILLS •HR 7619 IH
VerDate Sep 11 2014 23:10 Aug 06, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H7619.IH H7619
4
1 (B) by adding at the end the following new
2 subparagraph:
3 ‘‘(E) covered rental payments made by an
4 agricultural enterprise; and’’.
5 (3) FORGIVENESS.—Section 1106(b) of the
6 CARES Act (Public Law 116–136) is amended by
7 adding at the end the following new paragraphs:
8 ‘‘(5) Covered rental payments made by an agri-
9 cultural enterprise.’’.
10 (4) CONFORMING AMENDMENTS.—Section 1106
11 of the CARES Act (Public Law 116–136) is amend-
12 ed—
13 (A) in subsection (e)—
14 (i) in paragraph (2), by striking ‘‘pay-
15 ments on covered mortgage obligations,
16 payments on covered lease obligations, and
17 covered utility payments’’ and inserting
18 ‘‘payments described under subsection (b)
19 (other than payroll costs)’’; and
20 (ii) in paragraph (3)(B), by striking
21 ‘‘, make interest payments’’ and all that
22 follows through ‘‘or make covered utility
23 payments’’ and inserting ‘‘or make pay-
24 ments described under subsection (b)’’;
tkelley on DSKBCP9HB2PROD with BILLS
25 and
•HR 7619 IH
VerDate Sep 11 2014 23:10 Aug 06, 2020 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H7619.IH H7619
5
1 (B) in subsection (h), by striking ‘‘pay-
2 ments for payroll costs, payments on covered
3 mortgage obligations, payments on covered
4 lease obligations, or covered utility payments’’
5 each place it appears and inserting ‘‘payments
6 described under subsection (b)’’.
7 (5) TECHNICAL AMENDMENT.—Section 1106 of
8 the CARES Act (Public Law 116–136), is amended
9 by striking ‘‘covered lease’’ each place such term ap-
10 pears and inserting ‘‘covered rent’’.
Æ
tkelley on DSKBCP9HB2PROD with BILLS •HR 7619 IH
VerDate Sep 11 2014 23:10 Aug 06, 2020 Jkt 099200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6301 E:\BILLS\H7619.IH H7619
File and source
- File
- BILLS_bills-116hr7619ih_bills-116hr7619ih.pdf
- Size
- 233,648 bytes
- SHA-256
- 872e9b248c4d3381cb187c31cc8eff8149bcab697e8e6fe1df3b071d34cd3747
- Original
- www.govinfo.gov