Supporting More Nonprofits Through the PPP Act of 2020

II 116TH CONGRESS 2D SESSION S. 5009 To amend the Small Business Act to address the eligibility for certain small businesses and organizations to receive loans under the Paycheck Protec- tion Program. IN THE SENATE OF THE UNITED STATES DECEMBER 10, 2020 Mr. MORAN introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Act to address the eligibility for certain small businesses and organizations to receive loans under the Paycheck Protection Program. 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 ‘‘Supporting More Non- 4 profits Through the PPP Act of 2020’’. 5 SEC. 2. PAYCHECK PROTECTION PROGRAM. 6 Section 7(a)(36)(D) of the Small Business Act (15 7 U.S.C. 636(a)(36)(D)) is amended by striking clause (i) 8 and inserting the following: 9 VerDate Sep 11 2014 16:13 Dec 19, 2020 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S5009.IS S5009 pamtmann on DSKBC07HB2PROD with BILLS 2 •S 5009 IS ‘‘(i) IN GENERAL.—During the cov- 1 ered period, in addition to small business 2 concerns, any business concern, nonprofit 3 organization, veterans organization, or 4 Tribal business concern described in sec- 5 tion 31(b)(2)(C) shall be eligible to receive 6 a covered loan if the business concern, 7 nonprofit organization, veterans organiza- 8 tion, or Tribal business concern— 9 ‘‘(I) employs not more than the 10 greater of— 11 ‘‘(aa) 500 employees; or 12 ‘‘(bb) if applicable, the size 13 standard in number of employees 14 established by the Administration 15 for the industry in which the 16 business concern, nonprofit orga- 17 nization, veterans organization, 18 or Tribal business concern oper- 19 ates; or 20 ‘‘(II) is as described in clauses (i) 21 and (ii) of section 3(a)(5)(B).’’. 22 Æ VerDate Sep 11 2014 16:13 Dec 19, 2020 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S5009.IS S5009 pamtmann on DSKBC07HB2PROD with BILLS