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Code · BILL · 116th Congress · H.R. 266 (Enrolled) — Making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year endin... · Sec. 101

Sec. 101. Amendments to the Paycheck Protection Program, economic injury disaster loans, and emergency grants

446 words·~2 min read·/bill/116/hr/266/enr/section-101·

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Title I of division A of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) is amended— in section 1102(b)(1), by striking $349,000,000,000 and inserting $659,000,000,000 ; and in section 1107(a)(1), by striking $349,000,000,000 and inserting $670,335,000,000 . Section 1110(e)(7) of division A of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) is amended by striking $10,000,000,000 and inserting $20,000,000,000 . Section 1110(a)(2) of division A of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) is amended— in subparagraph (D), by striking or at the end; in subparagraph (E), by striking the period at the end and inserting ; or ; and by adding at the end the following: an agricultural enterprise (as defined in section 18(b) of the Small Business Act ( 15 U.S.C. 647(b) ) with not more than 500 employees. .
Section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ) is amended— in subparagraph (A)— in clause (viii), by striking and at the end; in clause (ix), by striking the period at the end and inserting a semicolon; and by adding at the end the following: the term community development financial institution has the meaning given the term in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4702 )); the term community financial institutions means— a community development financial institution; a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 1463 note); a development company that is certified under title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.); and an intermediary, as defined in section 7(m)(11); and the term credit union means a State credit union or a Federal credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). ; and by adding at the end the following:
In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee not less than $30,000,000,000 in loans made by— insured depository institutions with consolidated assets of not less than $10,000,000,000 and less than $50,000,000,000; and credit unions with consolidated assets of not less than $10,000,000,000 and less than $50,000,000,000. In making loan guarantees under this paragraph after the date of enactment of this clause, the Administrator shall guarantee not less than $30,000,000,000 in loans made by— community financial institutions; insured depository institutions with consolidated assets of less than $10,000,000,000; and credit unions with consolidated assets of less than $10,000,000,000. .
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