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H. R. 7871, 116th Congress — To Require Political Organizations to Return Any Amounts Received

Summary

House bill 7871 of the 116th Congress, 2D Session, is a bill to require political organizations to return any amounts received under the paycheck protection program, and for other purposes. Gibbs introduced it on July 30, 2020, and it was referred to the Committee on Small Business. Not later than December 31, 2020, a political organization (as defined in section 527(e)) that received a covered loan under section 7(a)(36) of the Small Business Act shall return any amounts received from such covered loan to the general fund of the Treasury.

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Issuer
Congressional materials
Document type
Bills Bills 116Hr7871Ih Bills 116Hr7871Ih
Case
Bills Bills 116Hr7871Ih Bills 116Hr7871Ih

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“H. R. 7871, 116th Congress — To Require Political Organizations to Return Any Amounts Received.” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr7871ih-bills-116hr7871ih/, SHA-256 02a0549002b3c3ceac0260d74ecee57f96797bb457f93d442e0a1016a60774e4.

Full text

                                                                                                                                                                          I




                                                                       116TH CONGRESS
                                                                          2D SESSION
                                                                                                            H. R. 7871
                                                                         To require political organizations to return any amounts received under the
                                                                                    paycheck protection program, and for other purposes.




                                                                                     IN THE HOUSE OF REPRESENTATIVES
                                                                                                      JULY 30, 2020
                                                                        Mr. GIBBS introduced the following bill; which was referred to the Committee
                                                                                                     on Small Business




                                                                                                                 A BILL
                                                                       To require political organizations to return any amounts
                                                                          received under 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 ‘‘Stop Pilfering Every-
                                                                         5 one’s Paycheck Protection for Election Results Act’’.
                                                                         6     SEC. 2. REQUIREMENT FOR POLITICAL ORGANIZATIONS TO

                                                                         7                             RETURN ANY AMOUNTS RECEIVED UNDER

                                                                         8                             THE PAYCHECK PROTECTION PROGRAM.




kjohnson on DSK79L0C42PROD with BILLS
                                                                         9              Not later than December 31, 2020, a political organi-
                                                                       10 zation (as defined in section 527(e) of the Internal Rev-

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                                                                                                                                  2
                                                                         1 enue Code of 1986) that received a covered loan under
                                                                         2 section 7(a)(36) of the Small Business Act (15 U.S.C.
                                                                         3 636(a)(36)), shall return any amounts received from such
                                                                         4 covered loan to the general fund of the Treasury.
                                                                                                                                  Æ




kjohnson on DSK79L0C42PROD with BILLS
                                                                                   •HR 7871 IH

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