S.Amdt. 1155Senate117th Congress (2021-2023)2nd degree

S.Amdt. 1155

Sponsored by Tim ScottSen. Tim Scott (R-SC)
Submitted March 5, 2021

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Senate amendment submitted

March 5, 2021

Text

Submitted

SA 1155. Mr. SCOTT, of South Carolina (for himself and Ms. Lummis)
submitted an amendment intended to be proposed to amendment SA 891
proposed by Mr. Schumer (for himself, Mr. Wyden, Mrs. Murray, Mr.
Brown, Mr. Peters, Mr. Cardin, Ms. Cantwell, Ms. Stabenow, Mr. Tester,
Mr. Menendez, Mr. Schatz, Mr. Carper, Mr. Leahy, and Mr. Sanders) to
the bill H.R. 1319, to provide for reconciliation pursuant to title II
of S. Con. Res. 5; which was ordered to lie on the table; as follows:

At the end of subtitle C of title III, add the following:

SEC. 3302. ELIGIBILITY OF FINANCIAL INSTITUTIONS.

Section 3002(5) of the State Small Business Credit
Initiative Act of 2010 (12 U.S.C. 5701(5)) is amended--
(1) by striking ``means any insured'' and inserting the
following: ``means--
``(A) any insured'';
(2) in subparagraph (A), as so designated, by striking the
period at the end and inserting ``; and''; and
(3) by adding at the end the following:
``(B) any lender authorized to make a covered loan under
section 7(a)(36) of the Small Business Act (15 U.S.C.
636(a)(36)).''.
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