Sec. 131 Commitment authority and appropriations
Commitment authority—
in paragraph (1)—
in the paragraph heading, by inserting “and second draw” after “PPP”;
by striking “August 8, 2020” and inserting “December 31, 2020”;
by striking “paragraph (36)” and inserting “paragraphs (36) and (37)”; and
by striking “$659,000,000,000” and inserting “$749,000,000,000”; and
by amending paragraph (2) to read as follows:
“(2) Other 7(a) loans—During fiscal year 2020, the amount authorized for commitments for section 7(a) of the Small Business Act (15 U.S.C. 636(a)) under the heading “Small Business Administration—Business Loans Program Account” in the Financial Services and General Government Appropriations Act, 2020 (division C of Public Law 116–193) shall apply with respect to any commitments under such section 7(a) other than under paragraphs (36), (37), and (38) of such section 7(a).”
Recovery sector loans— During the period beginning on the date of enactment of this Act and ending on December 31, 2020, the amount authorized for commitments under paragraph (38) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by this title, shall be $100,000,000,000.
Direct appropriations—
Rescission— With respect to unobligated balances under the heading “‘Small Business Administration—Business Loans Program Account, CARES Act” as of the day before the date of enactment of this Act, $100,000,000,000 shall be rescinded and deposited into the general fund of the Treasury.
New direct appropriations— There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020—
to remain available until September 30, 2021, for additional amounts—
$190,000,000,000 under the heading ‘‘Small Business Administration—Business Loans Program Account, CARES Act’’ for the cost of guaranteed loans as authorized under paragraph (36) and (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as amended and added by this Act; and
$57,700,000,000 under the heading “Small Business Administration—Recovery Sector Loans” for the cost of guaranteed loans as authorized under paragraph (38) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by this Act; and
to remain available until September 30, 2023, $10,000,000,000 under the heading “Small Business Administration—SBIC” to carry out part D of title III of the Small Business Investment Act of 1958 (15 U.S.C. 681 et seq.), as added by this Act.
Emergency designation—
In general— The amounts provided under this section are designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 933(g)).
Designation in senate— In the Senate, this section is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018.