Abortion Providers Loan Elimination Act

To amend the Small Business Act to prohibit abortion providers from receiving a covered loan under the paycheck protection program, and for other purposes. 1. Short Title This Act may be cited as the Abortion Providers Loan Elimination Act 2. Findings Congress finds the following: (1) The Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 15 U.S.C. 636(a)(36) (2) Section 7(a)(36)(D)(vi) of the Small Business Act ( 15 U.S.C. 7(a)(36)(D)(vi) (3) Planned Parenthood Federation of America, a national organization with central control over its affiliates and which has nearly $2,000,000,000 in assets and 16,000 employees, improperly applied for, and received $80,000,000 in loans through the paycheck protection program. (4) In May of 2020, the Small Business Administration sent letters to the 39 Planned Parenthood affiliates who had improperly applied for and received funds under the paycheck protection program contrary to the letter of the law, instructing the affiliates to return the funding. (5) According to the most recently available data, 7 affiliates did so, but the remaining 31 affiliates kept the received funding despite receiving notice that they had received such funds illegally. (6) As of March 23, 2021, 3 of the 31 Planned Parenthood affiliates again applied for and received second draw loans under section 7(a)(37) of the Small Business Act ( 15 U.S.C. 636(a)(37) 3. Paycheck Protection Program (a) In General Section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) (W) Prohibition on Covered Loans for Abortion Providers (i) In General Except as provided in clause (ii), no individual or entity that provides abortions shall be eligible to receive a covered loan. (ii) Exceptions Clause (i) shall not apply to— (I) a hospital, as defined in section 1861(e) of the Social Security Act ( 42 U.S.C. 1395x(e) (II) an entity that exclusively provides abortions described in section 507(a) of the Further Consolidated Appropriations Act, 2020 ( Public Law 116–94 . (b) Effective Date The amendment made by this section shall be effective as if included in the enactment of the CARES Act ( Public Law 116–136 4. Inspector General report Not later than 6 months after the date of the enactment of this Act, the Inspector General of the Small Business Administration shall conduct an investigation and submit to Congress a report on the number of covered loans made to the Planned Parenthood Federation of America pursuant to section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36)

Summary: Abortion Providers Loan Elimination Act This bill makes abortion providers ineligible to receive a loan under the Paycheck Protection Program, which was established to support small businesses in response to COVID-19. This prohibition shall not apply to hospitals or entities that exclusively provide abortions (1) where the pregnancy is the result of rape or incest, or (2) where the pregnancy endangers the life of the mother. The Inspector General of the Small Business Administration must report on the number of paycheck protection loans made to the Planned Parenthood Federation of America and to other abortion providers.