S.Amdt. 2610

SA 2610. Mr. SULLIVAN (for himself and Ms. Murkowski) 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. ___. INCREASED ABILITY FOR PAYCHECK PROTECTION PROGRAM
BORROWERS TO REQUEST AN INCREASE IN LOAN AMOUNT
DUE TO UPDATED REGULATIONS.

(a) Definitions.--In this section--
(1) the term ``Administration'' means the Small Business
Administration; and
(2) the terms ``covered loan'' and ``eligible recipient''
have the meanings given those terms in section 7(a)(36) of
the Small Business Act (15 U.S.C. 636(a)(36)).
(b) Increased Amount.--Notwithstanding the interim final
rule issued by the Administration entitled ``Business Loan
Program Temporary Changes; Paycheck Protection Program--Loan
Increases'' (85 Fed. Reg. 29842 (May 19, 2020)), an eligible
recipient of a covered loan that is eligible for an increased
covered loan amount as a result of any interim final rule
that allows for covered loan increases may submit a request
for an increase in the covered loan amount even if--
(1) the initial covered loan amount has been fully
disbursed; or
(2) the lender of the initial covered loan has submitted to
the Administration a Form 1502 report related to the covered
loan.
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