Tribal Business Access to PPP Act

Bill: 116-s-4446
Sponsor: full_name: Sen. Bennet, Michael F. [D-CO]
Introduced: 2020-08-05
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Emergency medical services and trauma care

Government lending and loan guarantees

Indian social and development programs

Infectious and parasitic diseases

Minority and disadvantaged businesses

Small business

Wages and earnings
Latest action: action_date: 2020-08-05
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2020-08-05
action_desc: Introduced in Senate
text: <p><b>Tribal Business Access to PPP Act</b></p> <p>This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by waiving affiliation rules that prevent certain tribal business concerns from being eligible to participate in the program. </p> <p>Affiliation rules govern which business entities are counted for the purpose of determining the size of a business, and affiliation occurs when multiple separate businesses are aggregated under one employer identification number and their employees or revenues are combined and counted together. </p>

tv_txt: II 116th CONGRESS 2d Session S. 4446 IN THE SENATE OF THE UNITED STATES August 5, 2020 Mr. Bennet (for himself, Mr. Blumenthal , and Ms. Klobuchar ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To waive affiliation rules under the paycheck protection program for Tribal business concerns with the same employer identification number, and for other purposes.

1. Short title This Act may be cited as the Tribal Business Access to PPP Act . 2. Waiver of affiliation rules under the paycheck protection program for Tribal business concerns with same EIN Section 7(a)(36)(D) of the Small Business Act ( 15 U.S.C. 636(a)(36)(D) ) is amended— (1) in clause (v), by striking , veterans organization, or Tribal business concern and inserting or veterans organization ; and (2) by adding at the end the following: (vii) No affiliation between Tribal business concerns based on shared EIN During the covered period, for purposes of determining eligibility for a covered loan, affiliation shall not be found under section 121.103 of title 13, Code of Federal Regulations, or any successor regulation, between Tribal business concerns described in section 31(b)(2)(C) based solely on a shared employer identification number. .