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Sunday, November 17, 2024

“TEXT OF AMENDMENTS” published by the Congressional Record in the Senate section on March 23

Politics 20 edited

Volume 167, No. 54, covering the 1st Session of the 117th Congress (2021 - 2022), was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“TEXT OF AMENDMENTS” mentioning John Kennedy was published in the Senate section on page S1714 on March 23.

Of the 100 senators in 117th Congress, 24 percent were women, and 76 percent were men, according to the Biographical Directory of the United States Congress.

Senators' salaries are historically higher than the median US income.

The publication is reproduced in full below:

TEXT OF AMENDMENTS

SA 1401. Mr. KENNEDY 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:

At the appropriate place, insert the following:

SEC. __. PROHIBITION ON PAYCHECK PROTECTION PROGRAM LOANS AND

SECOND DRAW LOANS FOR APPLICANTS CONVICTED OF A

FELONY IN RELATION TO A RIOT OR CIVIL DISORDER.

(a) In General.--Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended--

(1) in paragraph (36), by adding at the end the following:

``(W) Prohibition.--An applicant is not eligible to receive a covered loan if an owner of 20 percent or more of the equity of the applicant has, as of the date of the application, been convicted of a felony in relation to a riot or civil disorder during the 2-year period preceding the date of the application.''; and

(2) in paragraph (37), by adding at the end the following:

``(P) Prohibition.--An applicant is not eligible to receive a covered loan if an owner of 20 percent or more of the equity of the applicant has, as of the date of the application, been convicted of a felony in relation to a riot or civil disorder during the 2-year period preceding the date of the application.''.

(b) Applicability.--The amendments made by subsection (a) shall apply with respect to an application for a loan under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)(36)) that is submitted on or after the date of enactment of this Act.

____________________

SOURCE: Congressional Record Vol. 167, No. 54

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