Bill — S. 3711, Transportation Cost-Reimbursement Contracts and Forgiveness of Covered Loans
Summary
S. 3711 is a bill introduced in the Senate on February 28, 2022 by Mr. Braun (for himself and Ms. Duckworth) and referred to the Committee on Environment and Public Works. Its stated purpose is to ensure that no cost reduction or cash refund is due under certain transportation cost-reimbursement contracts on the basis of the forgiveness of certain covered loans. Section 1 provides that no cost reduction or cash refund shall be due to the Department of Transportation or to a State agency under cost-reimbursement contracts awarded in accordance with section 112 of title 23, United States Code, or section 5325 of title 49, United States Code. A saving provision refers to section 3729 of title 31, and the section ceases to be effective on June 30, 2025.
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Cite this document
“Bill — S. 3711, Transportation Cost-Reimbursement Contracts and Forgiveness of Covered Loans.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-117s3711is-bills-117s3711is/
, SHA-256 ed03bf4955a166a9d8164f2ccdd05cacbcda5bbce0d5ae5138b20491c8f76362.Full text
II
117TH CONGRESS
2D SESSION
S. 3711
To ensure that no cost reduction or cash refund is due under certain transpor-
tation cost-reimbursement contracts on the basis of the forgiveness of
certain covered loans, and for other purposes.
IN THE SENATE OF THE UNITED STATES
FEBRUARY 28, 2022
Mr. BRAUN (for himself and Ms. DUCKWORTH) introduced the following bill;
which was read twice and referred to the Committee on Environment and
Public Works
A BILL
To ensure that no cost reduction or cash refund is due
under certain transportation cost-reimbursement con-
tracts on the basis of the forgiveness of certain covered
loans, 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,
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1 SECTION 1. TREATMENT OF PAYCHECK PROTECTION PRO-
2 GRAM LOAN FORGIVENESS OF PAYROLL
3 COSTS UNDER HIGHWAY AND PUBLIC TRANS-
4 PORTATION PROJECT COST-REIMBURSE-
5 MENT CONTRACTS.
6 (a) IN GENERAL.—Notwithstanding section 31.201–
7 5 of title 48, Code of Federal Regulations (or successor
8 regulations), for the purposes of any cost-reimbursement
9 contract awarded in accordance with section 112 of title
10 23, United States Code, or section 5325 of title 49, United
11 States Code, or any subcontract under such a contract,
12 no cost reduction or cash refund (including through a re-
13 duced indirect cost rate) shall be due to the Department
14 of Transportation or to a State transportation depart-
15 ment, transit agency, or other recipient of assistance
16 under chapter 1 of title 23, United States Code, or chapter
17 53 of title 49, United States Code, on the basis of forgive-
18 ness of the payroll costs of a covered loan (as those terms
19 are defined in section 7A(a) of the Small Business Act
20 (15 U.S.C. 636m(a))) issued under the paycheck protec-
21 tion program under section 7(a)(36) of that Act (15
22 U.S.C. 636(a)(36)).
23 (b) SAVING PROVISION.—Nothing in this section
24 amends or exempts the prohibitions and liabilities under
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25 section 3729 of title 31, United States Code.
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1 (c) TERMINATION.—This section ceases to be effec-
2 tive on June 30, 2025.
Æ
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