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Code · BILL · 116th Congress · S. 4321 (Introduced in Senate) — To establish the Paycheck Protection Program Second Draw Loan and amend the 7(a) loan guaranty program for recovery s... · Sec. 103

Sec. 103. Selection of covered period for forgiveness

83 words·~1 min read·/bill/116/s/4321/is/section-103

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Section 1106 of the CARES Act ( 15 U.S.C. 9005 ) is amended— by amending subsection (a)(3) to read as follows: the term covered period means the period— beginning on the date of the origination of a covered loan; and ending on a date selected by the eligible recipient of the covered loan that occurs during the period— beginning on the date that is 8 weeks after such date of origination; and ending on December 31, 2020; ; and by striking subsection (l).
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Sec. 103
Selection of covered period for forgiveness
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