Sec. 310. CLARIFICATION OF AND ADDITIONAL LIMITATIONS ON ELIGIBILITY
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## SEC. 310 CLARIFICATION OF AND ADDITIONAL LIMITATIONS ON ELIGIBILITY ###
(a)Date in Operation ####
(1)In general Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended by adding at the end the following: > > ##### “(T) Requirement for date in operation > > A business or organization that was not in operation on February 15, 2020 shall not be eligible for a loan under this paragraph.” > . ####
(2)Effective date; applicability **[**[15 U.S.C. 636 note](/us/usc/t15/s636)**]** The amendment made by paragraph
(1)shall be effective as if included in the CARES Act (Public Law 116-136; 134 Stat. 281) and shall apply to any loan made pursuant to section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) before, on, or after the date of enactment of this Act, including forgiveness of such a loan. ###
(b)Exclusion of Entities Receiving Shuttered Venue Operator Grants Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)), as amended by subsection
(a)of this section, is amended by adding at the end the following: > > ##### “(U) Exclusion of entities receiving shuttered venue operator grants > > An eligible person or entity (as defined under of section 24 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act) that receives a grant under such section 24 shall not be eligible for a loan under this paragraph.” > .
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- 134 Stat. 281
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Sec. 310
CLARIFICATION OF AND ADDITIONAL LIMITATIONS ON ELIGIBILITY
Stat.134 Stat. 281
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