Congressional Record, Senate (March 24, 2021): SA 1405, Mr. Rubio's amendment to H.R. 1799

Summary

Senate amendment SA 1405, submitted by Mr. Rubio and printed in the Congressional Record, Volume 167, Number 55, for Wednesday, March 24, 2021, at Page S1777. It was intended to be proposed to H.R. 1799, a bill to extend the covered period for the paycheck protection program, and was ordered to lie on the table. It would insert a Limitation on Prioritization providing that, from enactment through the last day of the covered period, the Administrator of the Small Business Administration may not establish or enforce any priority for processing lender applications under paragraph (36) or (37) of section 7(a) of the Small Business Act, except a priority reasonably necessary to carry out the set-asides under section 323(d) of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, title III of division N of Public Law 116-260.

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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 1405. Mr. RUBIO (for himself, Mr. Kennedy, Mr. Marshall, Mrs.
Capito, Mr. Cramer, Mr. Braun, Mr. Lankford, Mr. Barrasso, Mr. Risch,
and Mr. Scott of South Carolina) 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:

       On page 2, between lines 15 and 16, insert the following:
       (d) Limitation on Prioritization.--During the period
     beginning on the date of enactment of this Act and ending on
     the last day of the covered period, as defined in section
     7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C.
     636(a)(36)(A)(iii)), as amended by this Act, the
     Administrator of the Small Business Administration may not
     establish or enforce any priority for processing lender
     applications under paragraph (36) or (37) of section 7(a) of
     the Small Business Act (15 U.S.C. 636(a)), except for any
     priority reasonably necessary to carry out the set-asides
     established under section 323(d) of the Economic Aid to Hard-
     Hit Small Businesses, Nonprofits, and Venues Act (title III
     of division N of Public Law 116-260).
                                 ______

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