To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.

I 116TH CONGRESS 2D SESSION H. R. 6818 To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration. IN THE HOUSE OF REPRESENTATIVES MAY 12, 2020 Mr. GREEN of Texas (for himself and Mrs. BEATTY) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. AMENDMENTS TO THE PAYCHECK PROTEC- 3 TION PROGRAM. 4 (a) SET ASIDE FOR SMALLER EMPLOYERS.—Section 5 7(a)(36) of the Small Business Act (15 U.S.C. 6 636(a)(36)) is amended— 7 (1) By adding at the end the following: 8 VerDate Sep 11 2014 21:41 May 28, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6818.IH H6818 jbell on DSKJLSW7X2PROD with BILLS 2 •HR 6818 IH ‘‘(T) SET ASIDE FOR SMALLER EMPLOY- 1 ERS.—In making loan guarantees under this 2 paragraph after the date of enactment of this 3 clause, the Administrator shall guarantee that 4 employers having 25 or fewer full-time or part- 5 time employees as of February 15, 2020, shall 6 receive not less than 50 percent of all loan dol- 7 lars.’’. 8 Æ VerDate Sep 11 2014 21:41 May 28, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H6818.IH H6818 jbell on DSKJLSW7X2PROD with BILLS