H.R. 6779 — Introduced in House

I 116th CONGRESS 2d Session H. R. 6779 IN THE HOUSE OF REPRESENTATIVES May 8, 2020Ms. Ocasio-Cortez (for herself and Ms. Waters) introduced the following bill; which was referred to the Committee on Small Business A BILL To specify the ineligibility requirements based on illegal activity or criminal record applicable to the Paycheck Protection Program and certain emergency relief programs under the CARES Act, and for other purposes. 1. Treatment of certain minor, low-risk criminal violations Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended by adding at the end the following: (T) Treatment of certain minor, low-risk criminal violations (i) In general The ineligibility requirements based on illegal activity applicable to intermediaries (as defined under subsection (m)(11)) in effect on the day before the date of enactment of this subparagraph shall apply to any person applying to receive a covered loan. (ii) Updated rulemaking The Administrator shall update the interim final rule issued by the Administrator to carry out this paragraph to reflect the requirements of this subparagraph, and may not establish any additional ineligibility requirements for applicants based on illegal activity or criminal records other than those required by clause (i). .