Senate Bill 3984
116th Congress(2019-2020)
A bill to provide that payments for waste and recycling collection services are allowable expenses under the paycheck protection program and eligible for loan forgiveness under the CARES Act, and for other purposes.
Introduced
Introduced
Introduced in Senate on Jun 17, 2020
Overview
Text
S. 3984 (Introduced-in-Senate)


116th CONGRESS
2d Session
S. 3984


To provide that payments for waste and recycling collection services are allowable expenses under the paycheck protection program and eligible for loan forgiveness under the CARES Act, and for other purposes.


IN THE SENATE OF THE UNITED STATES

June 17, 2020

Mr. Carper (for himself, Mr. Boozman, and Mr. Portman) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship


A BILL

To provide that payments for waste and recycling collection services are allowable expenses under the paycheck protection program and eligible for loan forgiveness under the CARES Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Inclusion of waste and recycling collection services.

(a) Allowable use of PPP loan.—Section 7(a)(36)(F)(i) of the Small Business Act (15 U.S.C. 636(a)(36)(F)(i)) is amended—

(1) in subclause (VI), by striking “and” at the end;

(2) in subclause (VII), by striking the period at the end and inserting “; and” and

(3) by adding at the end the following:

“(VIII) payments for waste or recycling collection services.”.

(b) Loan forgiveness.—Section 1106 of the CARES Act (Public Law 116–136) is amended—

(1) in subsection (a)—

(A) in paragraph (7)—

(i) in subparagraph (C), by striking “and” at the end; and

(ii) by adding at the end the following:

“(E) covered waste and recycling collection services payments;”;

(B) in paragraph (8), by striking the period at the end and inserting “; and”; and

(C) by adding at the end the following:

“(9) the term ‘covered waste or recycling collection service payment’ means a payment for a waste or recycling collection service for which service began before February 15, 2020.”;

(2) in subsection (b), by adding at the end the following:

“(5) Any covered waste or recycling collection service payment.”;

(3) in subsection (d)(8), by inserting “any covered waste or recycling collection service payment,” after “rent obligation,”;

(4) in subsection (e)—

(A) in paragraph (2), by inserting “covered waste or recycling collection service payments,” after “lease obligations,”; and

(B) in paragraph (3), by inserting “make covered waste or recycling collection service payments,” after “rent obligation,”; and

(5) in subsection (h), by inserting “covered waste or recycling collection service payments,” after “lease obligations,” each place that term appears.