To establish appropriate limitations on the Administrator of the Small Business Administration establishing new priorities for processing lender applications.

SA 1405. Mr. RUBIO (for himself, Mr. Kennedy, Mr. Marshall, Mrs.
Capito, Mr. Cramer, Mr. Braun, Mr. Lankford, Mr. Barrasso, Mr. Risch,
and Mr. Scott of South Carolina) submitted an amendment intended to be
proposed by him to the bill H.R. 1799, to amend the Small Business Act
and the CARES Act to extend the covered period for the paycheck
protection program, and for other purposes; which was ordered to lie on
the table; as follows:

On page 2, between lines 15 and 16, insert the following:
(d) Limitation on Prioritization.--During the period
beginning on the date of enactment of this Act and ending on
the last day of the covered period, as defined in section
7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C.
636(a)(36)(A)(iii)), as amended by this Act, the
Administrator of the Small Business Administration may not
establish or enforce any priority for processing lender
applications under paragraph (36) or (37) of section 7(a) of
the Small Business Act (15 U.S.C. 636(a)), except for any
priority reasonably necessary to carry out the set-asides
established under section 323(d) of the Economic Aid to Hard-
Hit Small Businesses, Nonprofits, and Venues Act (title III
of division N of Public Law 116-260).
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