Sec. 2. Limitation on certain forms of assistance under the CARES Act
263 words·~1 min read·
/bill/116/s/3611/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 4002(4)(B) of the CARES Act ( Public Law 116–136 ; 134 Stat. 281) is amended by inserting (other than a United States business for which not less than 15 percent of the revenue is derived from the extraction, transport, storage, export, or refining of oil, natural gas, and coal) after United States business . Section 4003(b)(3) of the CARES Act ( Public Law 116–136 ; 134 Stat. 281) is amended by inserting (other than a United States business for which not less than 15 percent of the revenue is derived from the extraction, transport, storage, export, or refining of oil, natural gas, and coal) after national security .
Section 4003(c)(1) of the CARES Act ( Public Law 116–136 ; 134 Stat. 281) is amended by adding at the end the following: An eligible business that receives a loan or loan guarantee under this section may not bid on, purchase, or acquire any Federal lease or acquire a Federal lease from a third party until the date on which the Secretary certifies that any loans received or guaranteed under this section have been repaid. . Section 4003 of the CARES Act ( Public Law 116–136 ; 134 Stat. 281) is amended by adding at the end the following:
The Secretary shall not make a loan or loan guarantee to, or other investment in, a financial institution under this section for the purpose of assisting any business for which not less than 15 percent of the revenue is derived from the extraction, transport, storage, export, or refining of oil, natural gas, and coal. .
Connectionstraces to 1
Traces to 1 document
public-private-law
1 reference not yet in our index
- 134 Stat. 281
Citation graph
cites case law
Sec. 2
Limitation on certain forms of assistance under the CARES Act
Stat.134 Stat. 281
Cites 2Cited by 0 across 0 sources