Congressional Record, Senate (March 24, 2021): SA 1404, Mr. Risch's amendment to H.R. 1799

Summary

Mr. Risch submitted SA 1404 to H.R. 1799, the bill extending the paycheck protection program's covered period, on March 24, 2021. It would make nonprofits subject to Labor-Management Reporting and Disclosure Act reporting ineligible for PPP loans under the Public Law 117-2 expansion.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

[Congressional Record Volume 167, Number 55 (Wednesday, March 24, 2021)]
[Senate]
[Page S1777]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1404. Mr. RISCH submitted an amendment intended to be proposed by
him to the bill H.R. 1799, to amend the Small Business Act and the
CARES Act to extend the covered period for the paycheck protection
program, and for other purposes; which was ordered to lie on the table;
as follows:

       At the appropriate place, insert the following:

     SEC. ___. INELIGIBILITY OF CERTAIN NONPROFIT ORGANIZATIONS
                   UNDER THE PAYCHECK PROTECTION PROGRAM.

       Clause (xvii)(I) of section 7(a)(36)(A) of the Small
     Business Act (15 U.S.C. 636(a)(36)(A)), as added by section
     5001(a)(1)(A)(iii) of Public Law 117-2, is amended by
     inserting ``(5) (if the organization is subject to reporting
     requirements under the Labor-Management Reporting and
     Disclosure Act of 1959 (29 U.S.C. 401 et seq.)),'' after
     ``(4),''.
                                 ______

File and source

File

CREC_crec-2021-03-24_crec-2021-03-24-pt1-pgs1777-5.htm

Size

1,269 bytes

SHA-256

280a74c4dd05263573b7c10155e98aee086022615d4ed7f802ce656a83ffda8d

Our copy

CREC_crec-2021-03-24_crec-2021-03-24-pt1-pgs1777-5.htm

Original

www.govinfo.gov