I 
116TH CONGRESS 
2D SESSION 
H. R. 6755 
To amend the Small Business Act to revise requirements under the paycheck 
protection program, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2020 
Mr. FOSTER introduced the following bill; which was referred to the 
Committee on Small Business 
A BILL 
To amend the Small Business Act to revise requirements 
under the paycheck protection program, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘PPP Small Business 
Support Act’’. 
SEC. 2. AMENDMENTS TO THE PAYCHECK PROTECTION 
PROGRAM. 
Section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36)), as amended by subsection (b)(2), is 
further amended— 
VerDate Sep 11 2014 
04:28 May 19, 2020
Jkt 099200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H6755.IH
H6755
kjohnson on DSK79L0C42PROD with BILLS
(1) in subparagraph (P)— 
(A) by amending clause (i) to read as fol-
lows: 
‘‘(i) IN GENERAL.—The Administrator 
shall reimburse a lender authorized to 
make a covered loan as follows: 
‘‘(I) For each covered loan made 
by the lender, $1,000. 
‘‘(II) In addition to the amount 
in subclause (I), an amount based on 
the balance of the financing out-
standing at the time of disbursement 
of the covered loan, equal to— 
‘‘(aa) 10 percent of the 
amount of such balance that does 
not exceed $100,000, plus 
‘‘(bb) 3 percent of the 
amount of such balance that ex-
ceeds $100,000 but does not ex-
ceed $1,000,000, plus 
‘‘(cc) 0.2 percent of the 
amount of such balance that ex-
ceeds $1,000,000.’’; 
VerDate Sep 11 2014 
04:28 May 19, 2020
Jkt 099200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H6755.IH
H6755
kjohnson on DSK79L0C42PROD with BILLS
(B) by redesignating clauses (ii) through 
(iv) as clauses (iii) through (v), respectively; 
and 
(C) by inserting after clause (i) the fol-
lowing new clause: 
‘‘(ii) SMALL
LENDERS.—In addition 
to reimbursement received under clause (i), 
the Administrator shall reimburse a lender 
with consolidated assets of less than 
$50,000,000,000 that is authorized to 
make a covered loan $250 for each covered 
loan made to an eligible recipient, if such 
eligible recipient was not a customer of 
such lender before applying for assistance 
under this paragraph.’’; and 
(2) by adding at the end the following new sub-
paragraph: 
‘‘(X) PRIORITIZATION.—With respect to 
amounts appropriated to carry out this para-
graph on or after the date of the enactment of 
this subparagraph, the Administrator shall, for 
each such appropriation, in consultation with 
the Secretary of the Treasury, determine 
whether the projected aggregate demand for 
covered loans under this paragraph will likely 
VerDate Sep 11 2014 
04:28 May 19, 2020
Jkt 099200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H6755.IH
H6755
kjohnson on DSK79L0C42PROD with BILLS
exceed the amount appropriated to carry out 
this paragraph and, if the Administrator so de-
termines, the Administrator and Secretary 
shall, prior to the obligation of any such appro-
priated amounts, jointly develop a process to 
prioritize providing guarantees for covered loans 
with a principal amount of $300,000 or less 
using such appropriated funds.’’. 
Æ 
VerDate Sep 11 2014 
04:28 May 19, 2020
Jkt 099200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H6755.IH
H6755
kjohnson on DSK79L0C42PROD with BILLS