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Code · BILL · 116th Congress · H.R. 8265 (Introduced in House) — To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modific... · Sec. 17

Sec. 17. Funding

178 words·~1 min read·/bill/116/hr/8265/ih/section-17·

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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 ; and by striking paragraph
(36)and inserting paragraphs
(36)and
(37); 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 116–93 ) shall apply with respect to any commitments under such section 7(a) other than under paragraphs
(36)and
(37)of such section 7(a). . Section 1107(a)(1) of the CARES Act ( 15 U.S.C. 9006(a)(1) ) is amended by striking paragraph
(36)and all that follows through the semicolon at the end and inserting paragraph
(36)of section 7(a) of the Small Business Act ( . 15 U.S.C. 636(a) );
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