H.R. 6475 — Introduced in House

I 116th CONGRESS 2d Session H. R. 6475 IN THE HOUSE OF REPRESENTATIVES April 10, 2020Mr. Green of Texas introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to expand eligibility for the paycheck protection program, and for other purposes. 1. Eligibility of covered entities for the paycheck protection program (a) In general Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended— (1) in subparagraph (A)— (A) in clause (viii), by striking and at the end; (B) in clause (ix), by striking the period at the end and inserting a semicolon; and (C) by adding at the end the following: (x) the term covered entity means— (I) financial businesses (as defined in section 120.110(b) of title 13, Code of Federal Regulations); and (II) legal gambling businesses (as described under section 120.110(g) of title 13, Code of Federal Regulations). ; and (2) in subparagraph (D), by inserting covered entity, after veterans organization, each place it appears.