[Congressional Record Volume 167, Number 55 (Wednesday, March 24, 2021)]
[Senate]
[Page S1777]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1404. Mr. RISCH submitted an amendment intended to be proposed by
him to the bill H.R. 1799, to amend the Small Business Act and the
CARES Act to extend the covered period for the paycheck protection
program, and for other purposes; which was ordered to lie on the table;
as follows:
At the appropriate place, insert the following:
SEC. ___. INELIGIBILITY OF CERTAIN NONPROFIT ORGANIZATIONS
UNDER THE PAYCHECK PROTECTION PROGRAM.
Clause (xvii)(I) of section 7(a)(36)(A) of the Small
Business Act (15 U.S.C. 636(a)(36)(A)), as added by section
5001(a)(1)(A)(iii) of Public Law 117-2, is amended by
inserting ``(5) (if the organization is subject to reporting
requirements under the Labor-Management Reporting and
Disclosure Act of 1959 (29 U.S.C. 401 et seq.)),'' after
``(4),''.
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