S.Amdt. 907Senate117th Congress (2021-2023)2nd degree

S.Amdt. 907

Submitted March 4, 2021

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Senate amendment submitted

March 4, 2021

Text

Submitted

SA 907. Mr. MARSHALL submitted an amendment intended to be proposed
to amendment SA 891 proposed by Mr. Schumer 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 section 5001, add the following:
(e) Limitation on Use of Paycheck Protection Program
Funds.--For purposes of cost recovery under the Universal
Service Fund, any loan made under paragraph (36) or (37) of
section 7(a) of the Small Business Act (15 U.S.C. 636(a))
shall not be treated as revenue.
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