S.Amdt. 2601

SA 2601. Mr. LEE 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. ___. MAIN STREET LENDING PROGRAM.

(a) In General.--Not later than 7 days after the date of
enactment of this Act, the Board of Governors of the Federal
Reserve System shall make the following changes to the Main
Street Lending Program established by the Board of Governors:
(1) Eliminate any minimum loan amount under the Program.
(2) Eliminate any servicing fee imposed on a lender with
respect to the initiation or purchase of any loan under the
Program.
(3) Provide that--
(A) there shall not be a minimum interest rate for any loan
covered under the Program; and
(B) the Board of Governors may establish a maximum interest
rate for any loan covered under the Program.
(b) Transfer of Appropriations.--
(1) Transfer.--Effective on the date that is 7 days after
the date of enactment of this Act, and notwithstanding any
other provision of law, the Secretary of the Treasury shall
transfer to the fund established under section 5302(a)(1) of
title 31, United States Code, from the unobligated balances
of the amounts made available under section 1107(a)(1) of the
CARES Act (15 U.S.C. 9006(a)(1)), the lesser of the amount of
such unobligated balances or $6,000,000,000.
(2) Characteristics of transferred amounts.--The amounts
transferred under paragraph (1)--
(A) notwithstanding section 5302(a)(1) of title 31, United
States Code, shall be available to the Secretary of the
Treasury, without further appropriation, to, in accordance
with the changes made by subsection (a), make loans, loan
guarantees, and other investments under the Main Street
Lending Program established by the Board of Governors of the
Federal Reserve System; and
(B) shall remain available until January 1, 2026.
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