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Code · BILL · 119th Congress · S. 68 (Reported in Senate) — To prohibit the suspension of collections on loans made to small businesses related to COVID–19, and for other purposes. · Sec. 2

Sec. 2. Definitions

328 words·~1 min read·/bill/119/s/68/rs/section-2

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In this Act: The terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively. The term covered funds means amounts made available for COVID–19 relief under— the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 ( Public Law 116–123 ; 134 Stat . 146); the Families First Coronavirus Response Act ( Public Law 116–127 ; 134 Stat. 178); the CARES Act ( Public Law 116–136 ; 134 Stat. 281); the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ; 134 Stat. 620); division M or N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ; 134 Stat. 1909 1182 ); or the American Rescue Plan Act of 2021 ( Public Law 117–2 ; 135 Stat. 4).
The term covered loan means— a loan guaranteed under paragraph
(36)or
(37)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); and a loan made under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) related to COVID–19. The term covered program means— loans made under paragraph
(36)or
(37)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); economic injury disaster loans made under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) related to COVID–19; advances provided pursuant to section 1110 of the CARES Act ( 15 U.S.C. 9009 ), section 331 of division N of the Consolidated Appropriations Act, 2021 ( 15 U.S.C. 9009b ), or section 5002(b) of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009 note); restaurant revitalization grants made under section 5003 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009c ); and grants for shuttered venue operators made under section 324 of division N of the Consolidated Appropriations Act, 2021 ( 15 U.S.C. 9009a ). The term improper payment has the meaning given the term in section 3351 of title 31, United States Code.
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