Sec. 223. Employee certification as to eligibility for increased CARES Act loan limits from employer plan
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/bill/116/s/4318/is/section-223·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2202(b) of the CARES Act ( Public Law 116–136 ) is amended by adding at the end the following new paragraph: The administrator of a qualified employer plan may rely on an employee’s certification that the requirements of subsection (a)(4)(A)(ii) are satisfied in determining whether the employee is a qualified individual for purposes of this subsection. . The amendment made by this section shall take effect as if included in the enactment of section 2202(b) of the CARES Act ( Public Law 116–136 ).
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Sec. 223
Employee certification as to eligibility for increased CARES Act loan limits from employer plan
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