S.Amdt. 2598

SA 2598. Mr. INHOFE submitted an amendment intended to be proposed to
amendment SA 2499 proposed by Mr. McConnell to the bill S. 178, to
condemn gross human rights violations of ethnic Turkic Muslims in
Xinjiang, and calling for an end to arbitrary detention, torture, and
harassment of these communities inside and outside China; which was
ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. USE OF PPP LOANS FOR SUPPLIER COSTS.

(a) In General.--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) covered supplier costs, as defined in section
1106(a) of the CARES Act (15 U.S.C. 9005(a)).''.

(b) Loan Forgiveness.--Section 1106 of the CARES Act (15
U.S.C. 9005) is amended--
(1) in subsection (a)--
(A) by redesignating paragraphs (5), (6), (7), and (8) as
paragraphs (6), (7), (8), and (9), respectively;
(B) by inserting after paragraph (4) the following:
``(5) the term `covered supplier cost' means an expenditure
made by an entity to a supplier of goods pursuant to a
contract in effect before February 15, 2020 for the supply of
goods that are essential to the operations of the entity at
the time at which the expenditure is made;'';
(C) in paragraph (8), as so redesignated--
(i) in subparagraph (C), by striking ``and'' at the end;
and
(ii) by adding at the end the following:
``(E) covered supplier costs; and'';
(2) in subsection (b) by adding at the end the following:
``(5) Any covered supplier cost.'';
(3) in subsection (d)(8), by inserting ``any payment on any
covered supplier cost,'' after ``rent obligation,''; and
(4) in subsection (e)--
(A) in paragraph (2), by inserting ``payments on covered
supplier costs'' after ``lease obligations,''; and
(B) in paragraph (3)(B), by inserting ``make payments on
covered supplier costs,'' after ``rent obligation,''.
(c) Effective Date; Applicability.--The amendments made by
section shall be effective as if included in the CARES Act
(Public Law 116-136) and shall apply to any loan made
pursuant to section 7(a)(36) of the Small Business Act (15
U.S.C. 636(a)(36)).
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