S. 5009, Supporting More Nonprofits Through the PPP Act of 2020
Summary
Senate bill 5009, the Supporting More Nonprofits Through the PPP Act of 2020, introduced in the Senate of the United States on December 10, 2020, by Moran and referred to the Committee on Small Business and Entrepreneurship. Its printed purpose is to amend the Small Business Act to address the eligibility for certain small businesses and organizations to receive loans under the Paycheck Protection Program. Section 2 provides that, during the covered period, in addition to small business concerns, any business concern, nonprofit organization, veterans organization, or Tribal business concern described in the section shall be eligible to receive a covered loan if it employs not more than the greater of 500 employees or the size standard established by the Administration for the industry.
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Cite this document
“S. 5009, Supporting More Nonprofits Through the PPP Act of 2020.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116s5009is-bills-116s5009is/
, SHA-256 8d28695c76ab55ee8c92f41ff20c54bea0c408107945872a785e3ffd693859ee.Full text
II
116TH CONGRESS
2D SESSION
S. 5009
To amend the Small Business Act to address the eligibility for certain small
businesses and organizations to receive loans under the Paycheck Protec-
tion Program.
IN THE SENATE OF THE UNITED STATES
DECEMBER 10, 2020
Mr. MORAN introduced the following bill; which was read twice and referred
to the Committee on Small Business and Entrepreneurship
A BILL
To amend the Small Business Act to address the eligibility
for certain small businesses and organizations to receive
loans under the Paycheck Protection Program.
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 ‘‘Supporting More Non-
5 profits Through the PPP Act of 2020’’.
6 SEC. 2. PAYCHECK PROTECTION PROGRAM.
7 Section 7(a)(36)(D) of the Small Business Act (15
pamtmann on DSKBC07HB2PROD with BILLS
8 U.S.C. 636(a)(36)(D)) is amended by striking clause (i)
9 and inserting the following:
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2
1 ‘‘(i) IN GENERAL.—During the cov-
2 ered period, in addition to small business
3 concerns, any business concern, nonprofit
4 organization, veterans organization, or
5 Tribal business concern described in sec-
6 tion 31(b)(2)(C) shall be eligible to receive
7 a covered loan if the business concern,
8 nonprofit organization, veterans organiza-
9 tion, or Tribal business concern—
10 ‘‘(I) employs not more than the
11 greater of—
12 ‘‘(aa) 500 employees; or
13 ‘‘(bb) if applicable, the size
14 standard in number of employees
15 established by the Administration
16 for the industry in which the
17 business concern, nonprofit orga-
18 nization, veterans organization,
19 or Tribal business concern oper-
20 ates; or
21 ‘‘(II) is as described in clauses (i)
22 and (ii) of section 3(a)(5)(B).’’.
Æ
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•S 5009 IS
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