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Code · BILL · 116th Congress · H.R. 8686 (Introduced in House) — To amend the CARES Act to require an extension of subsidies for certain loan payments, and for other purposes. · Sec. 2

Sec. 2. Subsidy for certain loan payments

137 words·~1 min read·/bill/116/hr/8686/ih/section-2

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Section 1112(c)(1) of the CARES Act ( 15 U.S.C. 9011(c)(1) ) is amended— by striking 6-month period each place it appears and inserting 12-month period ; and in subparagraph (B), by striking and at the end; in subparagraph (C), by striking ; and and inserting a semicolon; and by adding at the end the following new subparagraph: with respect to a covered loan made on or after the date of the enactment of the Small Business COVID–19 Debt Relief Extension Act of 2020, for the period ending on September 30, 2021, if the borrower of such covered loan submits a request to the Administrator on or before March 30, 2021. .
The amendments made by this section shall apply as if included in the enactment of section 1112 of the CARES Act ( 15 U.S.C. 9011 ).
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Sec. 2
Subsidy for certain loan payments
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