(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) covered operations expenditures, as defined in section 1106(a) of the CARES Act (15 U.S.C. 9005(a)).”.

(b) Loan forgiveness.—Section 1106 of the CARES Act (15 U.S.C. 9005) is amended—

(1) in subsection (a)—

(A) by redesignating paragraphs (3) through (8) as paragraphs (4) through (9), respectively;

(B) by inserting after paragraph (2) the following:

“(3) the term ‘covered operations expenditure’ means a payment for any business software or cloud computing service that facilitates business operations, product or service delivery, the processing, payment, or tracking of payroll expenses, human resources, sales and billing functions, or accounting or tracking of supplies, inventory, records and expenses;”; and

(C) in paragraph (8), as so redesignated—

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

(ii) by adding at the end the following:

“(E) covered operations expenditures; and”;

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

“(5) Any covered operations expenditure.”;

(3) in subsection (d)(8), by inserting “any payment on any covered operations expenditure,” after “rent obligation,”;

(4) in subsection (e)—

(A) in paragraph (2), by inserting “payments on covered operations expenditures,” after “lease obligations,”; and

(B) in paragraph (3)(B), by inserting “make payments on covered operations expenditures,” after “rent obligation,”; and

(5) in subsection (h), by inserting “payments on covered operations expenditures,” after “lease obligations,” each place it appears.