Political Quotes

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 3918 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Paycheck Protection for Producers Act''. SEC. 2. CALCULATION OF MAXIMUM LOAN AMOUNT FOR FARMERS AND RANCHERS UNDER THE PAYCHECK PROTECTION PROGRAM. (a) In General.--Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended-- (1) in subparagraph (E), in the matter preceding clause (i), by striking ``During'' and inserting ``Except as provided in subparagraph (T), during''; and (2) by adding at the end the following: ``(T) Calculation of maximum loan amount for farmers and ranchers.-- ``(i) Definition.--In this subparagraph, the term `covered recipient' means an eligible recipient that-- ``(I) operates as a sole proprietorship or as an independent contractor, or is an eligible self-employed individual; ``(II) reports farm income or expenses on a Schedule F (or any equivalent successor schedule); and ``(III) was in business during the period beginning on February 15, 2019 and ending on June 30, 2019.…”