S. 4446, Tribal Business Access to PPP Act
Summary
S. 4446, the Tribal Business Access to PPP Act, was introduced in the Senate on August 5, 2020, by Bennet with Blumenthal and Klobuchar. It waives affiliation rules under the paycheck protection program for Tribal business concerns with the same employer identification number. During the covered period, for purposes of determining eligibility for a covered loan, affiliation is not to be found under section 121.103 of title 13, Code of Federal Regulations, between Tribal business concerns based solely on a shared employer identification number.
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Cite this document
“S. 4446, Tribal Business Access to PPP Act.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116s4446is-bills-116s4446is/
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II
116TH CONGRESS
2D SESSION
S. 4446
To waive affiliation rules under the paycheck protection program for Tribal
business concerns with the same employer identification number, and
for other purposes.
IN THE SENATE OF THE UNITED STATES
AUGUST 5, 2020
Mr. BENNET (for himself, Mr. BLUMENTHAL, and Ms. KLOBUCHAR) intro-
duced the following bill; which was read twice and referred to the Com-
mittee on Small Business and Entrepreneurship
A BILL
To waive affiliation rules under the paycheck protection pro-
gram for Tribal business concerns with the same em-
ployer identification number, 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 ‘‘Tribal Business Access
5 to PPP Act’’.
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1 SEC. 2. WAIVER OF AFFILIATION RULES UNDER THE PAY-
2 CHECK PROTECTION PROGRAM FOR TRIBAL
3 BUSINESS CONCERNS WITH SAME EIN.
4 Section 7(a)(36)(D) of the Small Business Act (15
5 U.S.C. 636(a)(36)(D)) is amended—
6 (1) in clause (v), by striking ‘‘, veterans organi-
7 zation, or Tribal business concern’’ and inserting ‘‘or
8 veterans organization’’; and
9 (2) by adding at the end the following:
10 ‘‘(vii) NO AFFILIATION BETWEEN
11 TRIBAL BUSINESS CONCERNS BASED ON
12 SHARED EIN.—During the covered period,
13 for purposes of determining eligibility for a
14 covered loan, affiliation shall not be found
15 under section 121.103 of title 13, Code of
16 Federal Regulations, or any successor reg-
17 ulation, between Tribal business concerns
18 described in section 31(b)(2)(C) based
19 solely on a shared employer identification
20 number.’’.
Æ
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