Title: A bill to provide that payments for waste and recycling collection services are allowable expenses under the paycheck protection program and eligible for loan forgiveness under the CARES Act, and for other purposes.
Policy area: Commerce

Summary:
This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include amounts from a paycheck protection loan that a recipient expends for waste and recycling collection services.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3984 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 3984

 To provide that payments for waste and recycling collection services 
   are allowable expenses under the paycheck protection program and 
   eligible for loan forgiveness under the CARES Act, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 17, 2020

 Mr. Carper (for himself, Mr. Boozman, and Mr. Portman) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
 To provide that payments for waste and recycling collection services 
   are allowable expenses under the paycheck protection program and 
   eligible for loan forgiveness under the CARES Act, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCLUSION OF WASTE AND RECYCLING COLLECTION SERVICES.

    (a) Allowable Use of PPP Loan.--Section 7(a)(36)(F)(i) of the Small 
Business Act (15 U.S.C. 636(a)(36)(F)(i)) is amended--
            (1) in subclause (VI), by striking ``and'' at the end;
            (2) in subclause (VII), by striking the period at the end 
        and inserting ``; and'' and
            (3) by adding at the end the following:
                                    ``(VIII) payments for waste or 
                                recycling collection services.''.
    (b) Loan Forgiveness.--Section 1106 of the CARES Act (Public Law 
116-136) is amended--
            (1) in subsection (a)--
                    (A) in paragraph (7)--
                            (i) in subparagraph (C), by striking 
                        ``and'' at the end; and
                            (ii) by adding at the end the following:
                    ``(E) covered waste and recycling collection 
                services payments;'';
                    (B) in paragraph (8), by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(9) the term `covered waste or recycling collection 
        service payment' means a payment for a waste or recycling 
        collection service for which service began before February 15, 
        2020.'';
            (2) in subsection (b), by adding at the end the following:
            ``(5) Any covered waste or recycling collection service 
        payment.'';
            (3) in subsection (d)(8), by inserting ``any covered waste 
        or recycling collection service payment,'' after ``rent 
        obligation,'';
            (4) in subsection (e)--
                    (A) in paragraph (2), by inserting ``covered waste 
                or recycling collection service payments,'' after 
                ``lease obligations,''; and
                    (B) in paragraph (3), by inserting ``make covered 
                waste or recycling collection service payments,'' after 
                ``rent obligation,''; and
            (5) in subsection (h), by inserting ``covered waste or 
        recycling collection service payments,'' after ``lease 
        obligations,'' each place that term appears.
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