Federal

To specify the ineligibility requirements based on illegal activity or criminal record applicable to the Paycheck Protection Program and certain emergency relief programs under the CARES Act, and for other purposes.

Source: Congress.gov · 335 words in original text

Plain English summary not yet available

The full original text is available below. Check back soon as we process this bill.

I 116TH CONGRESS 2D SESSION H. R. 6779 To specify the ineligibility requirements based on illegal activity or criminal record applicable to the Paycheck Protection Program and certain emer- gency relief programs under the CARES Act, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MAY 8, 2020 Ms. OCASIO-CORTEZ (for herself and Ms. WATERS) introduced the following bill; which was referred to the Committee on Small Business A BILL To specify the ineligibility requirements based on illegal activ- ity or criminal record applicable to the Paycheck Protec- tion Program and certain emergency relief programs under the CARES Act, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. TREATMENT OF CERTAIN MINOR, LOW-RISK 3 CRIMINAL VIOLATIONS. 4 Section 7(a)(36) of the Small Business Act (15 5 U.S.C. 636(a)(36)) is amended by adding at the end the 6 following: 7 VerDate Sep 11 2014 01:26 May 21, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6779.IH H6779 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 6779 IH ‘‘(T) TREATMENT OF CERTAIN MINOR, 1 LOW-RISK CRIMINAL VIOLATIONS.— 2 ‘‘(i) IN GENERAL.—The ineligibility 3 requirements based on illegal activity appli- 4 cable to intermediaries (as defined under 5 subsection (m)(11)) in effect on the day 6 before the date of enactment of this sub- 7 paragraph shall apply to any person apply- 8 ing to receive a covered loan. 9 ‘‘(ii) UPDATED RULEMAKING.—The 10 Administrator shall update the interim 11 final rule issued by the Administrator to 12 carry out this paragraph to reflect the re- 13 quirements of this subparagraph, and may 14 not establish any additional ineligibility re- 15 quirements for applicants based on illegal 16 activity or criminal records other than 17 those required by clause (i).’’. 18 Æ VerDate Sep 11 2014 01:26 May 21, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H6779.IH H6779 pamtmann on DSKBC07HB2PROD with BILLS

Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.