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S. 3782: Small Business Lending Continuity Act of 2020


The text of the bill below is as of May 20, 2020 (Passed the Senate).


116th CONGRESS

2d Session

S. 3782

IN THE SENATE OF THE UNITED STATES

AN ACT

To modify the amount authorized for commitments for 7(a) loans, and for other purposes.

1.

Short title

This Act may be cited as the Small Business Lending Continuity Act of 2020.

2.

Commitments for 7(a) loans

Notwithstanding any other provision of law, the amounts authorized for commitments for general business loans authorized under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) under the heading business loans program account under the heading small business administration under title V of the Consolidated Appropriations Act, 2020 (Public Law 116–93; 133 Stat. 2475) shall apply with respect to loans made under such section 7(a), other than loans made under paragraph (36) of such section 7(a), on and after the date of enactment of this Act.

Passed the Senate May 20, 2020.

Secretary