H. R. 8620, 116th Congress — Business Software or Cloud Computing Services as Allowable Uses of a Loan
Summary
House bill 8620 of the 116th Congress, 2D Session, is a bill to permit payments for certain business software or cloud computing services as allowable uses of a loan made under the Paycheck Protection Program of the Small Business Administration. David Scott of Georgia introduced it on October 16, 2020, and it was referred to the Committee on Small Business. It adds covered operations expenditures to the allowable uses of a loan and amends the CARES Act on loan forgiveness. A covered operations expenditure means a payment for any business software or cloud computing service that facilitates business operations, product or service delivery, payroll, human resources, sales and billing functions, or accounting or tracking of supplies, inventory, records and expenses.
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“H. R. 8620, 116th Congress — Business Software or Cloud Computing Services as Allowable Uses of a Loan.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr8620ih-bills-116hr8620ih/
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I
116TH CONGRESS
2D SESSION
H. R. 8620
To permit payments for certain business software or cloud computing services
as allowable uses of a loan made under the Paycheck Protection Program
of the Small Business Administration.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 16, 2020
Mr. DAVID SCOTT of Georgia introduced the following bill; which was referred
to the Committee on Small Business
A BILL
To permit payments for certain business software or cloud
computing services as allowable uses of a loan made
under the Paycheck Protection Program of 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. ADDITIONAL ELIGIBLE EXPENSES.
4 (a) ALLOWABLE USE OF PPP LOAN.—Section
5 7(a)(36)(F)(i) of the Small Business Act (15 U.S.C.
6 636(a)(36)(F)(i)) is amended—
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7 (1) in subclause (VI), by striking ‘‘and’’ at the
8 end;
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2
1 (2) in subclause (VII), by striking the period at
2 the end and inserting ‘‘; and’’; and
3 (3) by adding at the end the following:
4 ‘‘(VIII) covered operations ex-
5 penditures, as defined in section
6 1106(a) of the CARES Act (15
7 U.S.C. 9005(a)).’’.
8 (b) LOAN FORGIVENESS.—Section 1106 of the
9 CARES Act (15 U.S.C. 9005) is amended—
10 (1) in subsection (a)—
11 (A) by redesignating paragraphs (3)
12 through (8) as paragraphs (4) through (9), re-
13 spectively;
14 (B) by inserting after paragraph (2) the
15 following:
16 ‘‘(3) the term ‘covered operations expenditure’
17 means a payment for any business software or cloud
18 computing service that facilitates business oper-
19 ations, product or service delivery, the processing,
20 payment, or tracking of payroll expenses, human re-
21 sources, sales and billing functions, or accounting or
22 tracking of supplies, inventory, records and ex-
23 penses;’’; and
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24 (C) in paragraph (8), as so redesignated—
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1 (i) in subparagraph (C), by striking
2 ‘‘and’’ at the end; and
3 (ii) by adding at the end the fol-
4 lowing:
5 ‘‘(E) covered operations expenditures;
6 and’’;
7 (2) in subsection (b), by adding at the end the
8 following:
9 ‘‘(5) Any covered operations expenditure.’’;
10 (3) in subsection (d)(8), by inserting ‘‘any pay-
11 ment on any covered operations expenditure,’’ after
12 ‘‘rent obligation,’’;
13 (4) in subsection (e)—
14 (A) in paragraph (2), by inserting ‘‘pay-
15 ments on covered operations expenditures,’’
16 after ‘‘lease obligations,’’; and
17 (B) in paragraph (3)(B), by inserting
18 ‘‘make payments on covered operations expendi-
19 tures,’’ after ‘‘rent obligation,’’; and
20 (5) in subsection (h), by inserting ‘‘payments
21 on covered operations expenditures,’’ after ‘‘lease ob-
22 ligations,’’ each place it appears.
Æ
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