Sec. 17. Funding
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Section 1102(b) of the CARES Act ( Public Law 116–136 ) is amended— in paragraph (1)— in the paragraph heading, by inserting after and second draw ; PPP by striking August 8, 2020 and inserting December 31, 2020 ; by striking paragraph
(36)and inserting paragraphs
(36)and
(37); and by striking $659,000,000,000 and inserting $749,000,000,000 ; and by amending paragraph
(2)to read as follows: 7(a) loans During fiscal year 2020, the amount authorized for commitments for section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) under the heading Small Business Administration—Business Loans Program Account in the Financial Services and General Government Appropriations Act, 2020 (division C of Public Law 116–193 ) shall apply with respect to any commitments under such section 7(a) other than under paragraphs
(36)and
(37)of such section 7(a). . With respect to unobligated balances under the heading "Small Business Administration—Business Loans Program Account, CARES Act as of the day before the date of enactment of this Act, $100,000,000,000 shall be permanently rescinded. There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020, for an additional amount for Small Business Administration—Business Loans Program Account, CARES Act , $190,000,000,000, to remain available under September 30, 2021, for the cost of guaranteed loans as authorized under paragraph
(36)and
(37)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), as amended and added by this Act. The amounts provided under this section are designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(g) ). In the Senate, this section is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018.
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