,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #daag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #cj1 #bjbj,mr4   
,cram] 7= himself1 ,mr4 ,m55dez1 ,mr4   
,tillis1 & ,ms4 ,s9ema7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,small ,bus9ess &    
,entrepr5eur%ip  ,a ,,bill  ,to provide 
automatic =giv5ess = pay*eck protection 
program loans "u #aej1jjj1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,pay*eck ,protection ,small
 ,bus9ess ,=giv5ess ,act4  #b4 ,loan    
=giv5ess = ,,ppp loans "u #aej1jjj      
,section #aajf ( ! ,,c>es ,act 7,public 
,law #aaf-acf7 is am5d$-- 7#a7 9        
subsection 7e71 9 ! matt] prec$+        
p>agraph 7#a71 by /rik+ ,an eligible &  
ins]t+ ,except z provid$ 9 subsection   
7m71 an eligible2  7#b7 9 subsection    
7f71 by ins]t+ or ! in=mation requir$ "u
 subsection 7m71 z applicable aft]      
subsection 7e72  7#c7 by /rik+          
subsection 7h7 & ins]t+ ! foll[+3  7h7  
,hold h>mless  7#a7 ,9 g5]al ,a l5d] may

 rely on all c]tifications &            
docum5tation submitt$ by an applicant or
 eligible recipi5t pursuant to any      
requirem5t 9 /atute reg>d+ cov]$ loans1 
or rules or guidance promulgat$ to c>ry 
out any action relat+ to cov]$ loans1 f 
an applicant or eligible recipi5t atte/+
 t ! applicant or eligible recipi5t has 
accurately v]ifi$ all docum5tation      
provid$ to ! l5d]4  7#b7 ,no en=cem5t   
action ,) respect to a l5d] t relies on 
! c]tifications & docum5tation describ$ 
9 p>agraph 7#a7-- 7,a7 no en=cem5t or   
o!r action may be tak5 aga9/ ! l5d]     
relat+ to loan orig9ation1 =giv5ess1 or 
gu>antee bas$ on su* reliance1 includ+  
claims "u-- 7i7 ! ,small ,bus9ess ,act  
7#ae ,u4,s4,c4 #fca et seq472  7ii7     
sections #cgbi ?r\gh #cgcc ( title #ca1 
,unit$ ,/ates ,code 7commonly kn[n z !  
,false ,claims ,act72  7iii7 ! ,f9ancial
 ,in/itutions ,re=m1 ,recov]y1 &        
,en=cem5t ,act 7,public ,law #aja-gc72  
7iv7 section #ba ( ! ,f$]al ,deposit    
,insurance ,act 7#ab ,u4,s4,c4 #ahbi;b71

 *apt] #b ( title ,i ( ,public ,law     
#ia-ejh 7#ab ,u4,s4,c4 #aiea et seq471 &
 sub*apt] ,,ii ( *apt] #ec ( title #ca1 
,unit$ ,/ates ,code 7collectively kn[n z
 ! ,bank ,secrecy ,act72 or  7v7 any o!r
 ,f$]al1 ,/ate1 or o!r crim9al or civil 
law or regulation2 &  7,b7 ! l5d] %all n
 be subject to any p5alties relat+ to   
loan orig9ation1 =giv5ess1 or gu>antee  
bas$ on su* reliance4  2 &  7#d7 by add+
 at ! end ! foll[+3  7m7 ,=giv5ess =    
cov]$ loans "u #aej1jjj  7#a7 ,9 g5]al  
,not)/&+ subsection 7e71 ) respect to a 
cov]$ loan made to an eligible recipi5t 
t is n m ?an #aej1jjj1 ! cov]$ loan     
am\nt %all be =giv5 "u ?is section if ! 
eligible recipi5t submits to ! l5d] a   
"o-page onl9e or pap] =m1 to be e/abli%$
 by ! ,adm9i/rator n lat] ?an #g days   
aft] ! date ( enactm5t ( ?is subsection1
 t atte/s t ! eligible recipi5t compli$ 
) ! requirem5ts "u section #g7;a77#cf7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fcf7;a77#cf774  7#b7 ,hold h>mless ,)  
respect to a l5d] t relies on an        

atte/ation submitt$ by an eligible      
recipi5t "u p>agraph 7#a71 no en=cem5t  
action may be tak5 aga9/ ! l5d] = any   
falsehoods conta9$ 9 ! atte/ation4  7#c7
 ,demographic in=mation ,! onl9e or pap]
 =m e/abli%$ by ! ,adm9i/rator "u       
p>agraph 7#a7 %all include a means by   
:i* an eligible recipi5t may1 at !      
discretion ( ! eligible recipi5t1 submit
 demographic in=mation ( ! own] ( !     
eligible recipi5t1 includ+ ! sex1 race1 
e?nicity1 & vet]an /atus ( ! own]4  7n7 
,en=cem5t action aga9/ borr[]s ,an      
eligible recipi5t ( a cov]$ loan may    
only be subject to an en=cem5t action or
 p5alty relat+ to loan orig9ation1      
=giv5ess1 or gu>antee ( ! cov]$ loan if 
! eligible recipi5t commits fraud or    
exp5ds cov]$ loan proce$s on exp5ses t  
are n all[able "u section               
#g7;a77#cf77;,f7 ( ! ,small ,bus9ess    
,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77;,f774
  4