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To provide that payments for waste and recycling collection services are allowable expenses under the paycheck protection program and eligible for loan forgiveness under the CARES Act, and for other purposes.

S. 3984 · 116th Congress · Jun 17, 2020 · Lineage

A BILL

Section 1 Inclusion of waste and recycling collection services

(a)
Allowable use of PPP loan— Section 7(a)(36)(F)(i) of the Small Business Act (15 U.S.C. 636(a)(36)(F)(i)) is amended—
(1)
in subclause (VI), by striking “and” at the end;
(2)
in subclause (VII), by striking the period at the end and inserting “; and” and
(3)
by adding at the end the following:

“(VIII) payments for waste or recycling collection services.”

(b)
Loan forgiveness— Section 1106 of the CARES Act (Public Law 116–136) is amended—
(1)
in subsection (a)—
(A)
in paragraph (7)—
(i)
in subparagraph (C), by striking “and” at the end; and
(ii)
by adding at the end the following:

“(E) covered waste and recycling collection services payments;”

(B)
in paragraph (8), by striking the period at the end and inserting “; and”; and
(C)
by adding at the end the following:

“(9) the term covered waste or recycling collection service payment means a payment for a waste or recycling collection service for which service began before February 15, 2020.”

(2)
in subsection (b), by adding at the end the following:

“(5) Any covered waste or recycling collection service payment.”

(3)
in subsection (d)(8), by inserting “any covered waste or recycling collection service payment,” after “rent obligation,”;
(4)
in subsection (e)—
(A)
in paragraph (2), by inserting “covered waste or recycling collection service payments,” after “lease obligations,”; and
(B)
in paragraph (3), by inserting “make covered waste or recycling collection service payments,” after “rent obligation,”; and
(5)
in subsection (h), by inserting “covered waste or recycling collection service payments,” after “lease obligations,” each place that term appears.