1. Short title
This Act may be cited as the “Stop Pilfering Everyone’s Paycheck Protection for Election Results Act”.
Stop Pilfering Everyone’s Paycheck Protection for Election Results Act
A BILL
To require political organizations to return any amounts received under the paycheck protection program, and for other purposes.
2. Requirement for political organizations to return any amounts received under the paycheck protection program
Not later than December 31, 2020, a political organization (as defined in section 527(e) of the Internal Revenue Code of 1986) that received a covered loan under section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)), shall return any amounts received from such covered loan to the general fund of the Treasury.