Sec. 2. Findings
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Congress finds the following: The Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) disqualified affiliations from applying for and receiving loans through the paycheck protection program. Section 7(a)(36)(D)(vi) of the Small Business Act ( 15 U.S.C. 7(a)(36)(D)(vi) ), as added by the Coronavirus Aid, Relief, and Economic Security Act, established that affiliation rules apply to nonprofits for the purpose of determining whether a nonprofit has 500 or fewer employees.
Planned Parenthood Federation of America, a national organization with central control over its affiliates and which has nearly $2,000,000,000 in assets and 16,000 employees, improperly applied for, and received $80,000,000 in loans through the paycheck protection program.
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