Congressional Record, Volume 167, Number 56 (Thursday, March 25, 2021) — Senate, Pages S1838-S1839

Summary

Senate pages S1838-S1839 of the Congressional Record for Thursday, March 25, 2021 print amendment SA 1409, submitted by Scott of South Carolina with Ernst to the bill extending the paycheck protection program covered period, and ordered to lie on the table. It would bar Paycheck Protection Program loans and second draw loans to an applicant whose owner has been convicted of or pleaded guilty to assaulting a law enforcement officer. The bar would apply to loan applications submitted on or after the date of enactment.

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Full text

[Congressional Record Volume 167, Number 56 (Thursday, March 25, 2021)]
[Senate]
[Pages S1838-S1839]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1409. Mr. SCOTT of South Carolina (for himself and Ms. Ernst)
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. __. PROHIBITION ON PAYCHECK PROTECTION PROGRAM LOANS AND
                   SECOND DRAW LOANS FOR APPLICANTS CONVICTED OF,
                   OR WHO PLEADED GUILTY TO, ASSAULTING A LAW
                   ENFORCEMENT OFFICER.

       (a) In General.--Section 7(a) of the Small Business Act (15
     U.S.C. 636(a)) is amended--
       (1) in paragraph (36), by adding at the end the following:
       ``(W) Prohibition.--An applicant is not eligible to receive
     a covered loan if an owner of the applicant has, as of the
     date of the application, been convicted of or pleaded guilty
     to assaulting a law enforcement officer.''; and
       (2) in paragraph (37), by adding at the end the following:
       ``(P) Prohibition.--An applicant is not eligible to receive
     a covered loan if an owner of the applicant has, as of the
     date of the application, been convicted of or pleaded guilty
     to assaulting a law enforcement officer.''.
       (b) Applicability.--The amendments made by subsection (a)
     shall apply with respect to an application for a loan under
     paragraph (36) or (37) of section 7(a) of the Small Business
     Act (15 U.S.C. 636(a)(36)) that is submitted on or after the
     date of enactment of this Act.

[[Page S1839]]
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