S.Amdt. 2605

SA 2605. Mr. RUBIO 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. __. LIMIT ON PPP LOANS TO ENTITIES THAT ARE CONNECTED TO
THE PEOPLE'S REPUBLIC OF CHINA.

Section 7(a)(36)(A)(iv) of the Small Business Act (15
U.S.C. 636(a)(36)(A)(iv)) is amended to read as follows:
``(iv) the term `eligible recipient'--

``(I) means an individual or entity that is eligible to
receive a covered loan; and
``(II) does not include any business concern or entity--

``(aa) for which an entity created in or organized under
the laws of the People's Republic of China or the Special
Administrative Region of Hong Kong, or that has significant
operations in the People's Republic of China or the Special
Administrative Region of Hong Kong, owns or holds, directly
or indirectly, not less than 20 percent of the economic
interest of the business concern or entity, including as
equity shares or a capital or profit interest in a limited
liability company or partnership; or
``(bb) that retains, as a member of the board of directors
of the business concern, a person who is a resident of the
People's Republic of China;''.
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