Title: To amend the CARES Act to increase the authority for commitments and appropriations for paycheck protection program, and for other purposes.
Policy area: Commerce

Summary:
This bill temporarily provides increased authority for appropriations to fund certain Small Business Administration commitments for loans, including loans made under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). The authority provided by this bill ends 90 days after the date on which the COVID-19 emergency is no longer in effect.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6672 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6672

 To amend the CARES Act to increase the authority for commitments and 
appropriations for paycheck protection program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 1, 2020

Mr. Green of Texas introduced the following bill; which was referred to 
                    the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To amend the CARES Act to increase the authority for commitments and 
appropriations for paycheck protection program, 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. INCREASED AUTHORITY FOR COMMITMENTS AND APPROPRIATIONS FOR 
              PAYCHECK PROTECTION PROGRAM.

    Title I of division A of the Coronavirus Aid, Relief, and Economic 
Security Act (Public Law 116-136) is amended--
            (1) in section 1102--
                    (A) in subsection (b), by striking ``June 30, 
                2020'' and all that follows through ``for such loans'' 
                and inserting ``June 30, 2020, the amount authorized 
                for commitments for such loans''; and
                    (B) by adding at the end the following new 
                subsection:
    ``(f) Authorization of Appropriations for the Paycheck Protection 
Program.--During the period beginning on the date of the enactment of 
this subsection and ending on the date that is 90 days after the date 
on which the `Proclamation on Declaring a National Emergency Concerning 
the Novel Coronavirus Disease (COVID-19) Outbreak' (issued March 13, 
2020) no longer has force or effect, there is authorized to be 
appropriated such sums as may be necessary for commitments for loans 
authorized under section 7(a) of the Small Business Act (15 U.S.C. 
636(a)), including loans made under paragraph (36) of such section.''; 
and
            (2) in section 1107--
                    (A) in subsection (a), by striking paragraph (1) 
                and redesignating subsequent paragraphs accordingly; 
                and
                    (B) by adding at the end the following new 
                subsection:
    ``(d) Direct Appropriation.--During the period beginning on the 
date of the enactment of this subsection and ending on the date that is 
90 days after the date on which the `Proclamation on Declaring a 
National Emergency Concerning the Novel Coronavirus Disease (COVID-19) 
Outbreak' (issued March 13, 2020) no longer has force or effect, there 
is authorized to be appropriated such sums as may be necessary under 
the heading `Small Business Administration--Business Loans Program 
Account, CARES Act' for the cost of guaranteed loans as authorized 
under paragraph (36) of section 7(a) of the Small Business Act (15 
U.S.C. 636(a)).''.
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