Title: Supporting More Nonprofits Through the PPP Act of 2020
Policy area: Commerce

Summary:
Supporting More Nonprofits Through the PPP Act of 2020
This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include certain entities that meet an alternative size standard.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 5009 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 5009

To amend the Small Business Act to address the eligibility for certain 
small businesses and organizations to receive loans under the Paycheck 
                          Protection Program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2020

   Mr. Moran introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
To amend the Small Business Act to address the eligibility for certain 
small businesses and organizations to receive loans under the Paycheck 
                          Protection Program.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Supporting More Nonprofits Through 
the PPP Act of 2020''.

SEC. 2. PAYCHECK PROTECTION PROGRAM.

    Section 7(a)(36)(D) of the Small Business Act (15 U.S.C. 
636(a)(36)(D)) is amended by striking clause (i) and inserting the 
following:
                            ``(i) In general.--During the covered 
                        period, in addition to small business concerns, 
                        any business concern, nonprofit organization, 
                        veterans organization, or Tribal business 
                        concern described in section 31(b)(2)(C) shall 
                        be eligible to receive a covered loan if the 
                        business concern, nonprofit organization, 
                        veterans organization, or Tribal business 
                        concern--
                                    ``(I) employs not more than the 
                                greater of--
                                            ``(aa) 500 employees; or
                                            ``(bb) if applicable, the 
                                        size standard in number of 
                                        employees established by the 
                                        Administration for the industry 
                                        in which the business concern, 
                                        nonprofit organization, 
                                        veterans organization, or 
                                        Tribal business concern 
                                        operates; or
                                    ``(II) is as described in clauses 
                                (i) and (ii) of section 3(a)(5)(B).''.
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