Stop Pilfering Everyone’s Paycheck Protection for Election Results Act

I 116TH CONGRESS 2D SESSION H. R. 7871 To require political organizations to return any amounts received under the paycheck protection program, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JULY 30, 2020 Mr. GIBBS introduced the following bill; which was referred to the Committee on Small Business A BILL To require political organizations to return any amounts received under the paycheck protection program, 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. SHORT TITLE. 3 This Act may be cited as the ‘‘Stop Pilfering Every- 4 one’s Paycheck Protection for Election Results Act’’. 5 SEC. 2. REQUIREMENT FOR POLITICAL ORGANIZATIONS TO 6 RETURN ANY AMOUNTS RECEIVED UNDER 7 THE PAYCHECK PROTECTION PROGRAM. 8 Not later than December 31, 2020, a political organi- 9 zation (as defined in section 527(e) of the Internal Rev- 10 VerDate Sep 11 2014 04:04 Aug 18, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7871.IH H7871 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 7871 IH enue Code of 1986) that received a covered loan under 1 section 7(a)(36) of the Small Business Act (15 U.S.C. 2 636(a)(36)), shall return any amounts received from such 3 covered loan to the general fund of the Treasury. 4 Æ VerDate Sep 11 2014 04:04 Aug 18, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H7871.IH H7871 kjohnson on DSK79L0C42PROD with BILLS