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United States Code
Title 15 - COMMERCE AND TRADEChapter 116 - CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT)
Subchapter I - KEEPING AMERICAN WORKERS PAID AND EMPLOYED
Section 9006 - Direct appropriations

15 U.S.C. § 9006

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Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 9006 - Direct appropriations
(a) In general

There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020, to remain available until September 30, 2021, for additional amounts-

(1) $670,335,000,000 under the heading "Small Business Administration-Business Loans Program Account, CARES Act" for the cost of guaranteed loans as authorized under paragraph (36) of section 636(a) of this title, as added by section 1102(a) of this Act;
(2) $675,000,000 under the heading "Small Business Administration-Salaries and Expenses" for salaries and expenses of the Administration;
(3) $25,000,000 under the heading "Small Business Administration-Office of Inspector General", to remain available until September 30, 2024, for necessary expenses of the Office of Inspector General of the Administration in carrying out the provisions of the Inspector General Act of 1978 (5 U.S.C. App.);1
(4) $265,000,000 under the heading "Small Business Administration-Entrepreneurial Development Programs", of which-
(A) $240,000,000 shall be for carrying out section 9002(b) of this title; and
(B) $25,000,000 shall be for carrying out section 9002(c) of this title;
(5) $10,000,000 under the heading "Department of Commerce-Minority Business Development Agency" for minority business centers of the Minority Business Development Agency to provide technical assistance to small business concerns;
(6) $10,000,000,000 under the heading "Small Business Administration-Emergency EIDL Grants" shall be for carrying out section 9009 of this title;
(7) $17,000,000,000 under the heading "Small Business Administration-Business Loans Program Account, CARES Act" shall be for carrying out section 9011 of this title; and
(8) $25,000,000 under the heading "Department of the Treasury-Departmental Offices-Salaries and Expenses" shall be for carrying out section 9008 of this title.
(b) Secondary market

During the period beginning on March 27, 2020, and ending on September 30, 2021, guarantees of trust certificates authorized by section 634(g) of this title with respect to loans under any paragraph of section 636(a) of this title shall not exceed a principal amount of $100,000,000,000.

(c) Reports

Not later than 180 days after March 27, 2020, the Administrator shall submit to the Committee on Appropriations of the Senate and the Committee on Appropriations of the House of Representatives a detailed expenditure plan for using the amounts appropriated to the Administration under subsection (a).

1See References in Text note below.

15 U.S.C. § 9006

Pub. L. 116-136, div. A, title I, §11071107,, 134 Stat. 301; Pub. L. 116-139, div. A, §101(a)(2), Apr. 24, 2020, 134 Stat. 620; Pub. L. 116-260, div. N, title III, §323(b), Dec. 27, 2020, 134 Stat. 2019.

EDITORIAL NOTES

REFERENCES IN TEXTThe CARES Act, referred to in subsec. (a)(1), (7), is Pub. L. 116-136, 134 Stat. 281, also known as the Coronavirus Aid, Relief, and Economic Security Act. For complete classification of this Act to the Code, see Short Title note set out under section 9001 of this title and Tables.Section 1102(a) of this Act, referred to in subsec. (a)(1), means section 1102(a) of div. A of Pub. L. 116-136.The Inspector General Act of 1978, referred to in subsec. (a)(3), is Pub. L. 95-452, Oct. 12, 1978, 92 Stat. 1101, which was set out in the Appendix to Title 5, Government Organization and Employees, and was substantially repealed and restated in chapter 4 (§401 et seq.) of Title 5 by Pub. L. 117-286, §§3(b), Dec. 27, 2022, 7, Dec. 27, 2022, 136 Stat. 4206, 4361. For disposition of sections of the Act into chapter 4 of Title 5, see Disposition Table preceding section 101 of Title 5.

AMENDMENTS2020-Subsec. (a)(1). Pub. L. 116-139 substituted "$670,335,000,000" for "$349,000,000,000".Subsec. (b). Pub. L. 116-260 inserted "with respect to loans under any paragraph of section 636(a) of this title" before "shall not exceed".

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 2020 AMENDMENT Amendment by Pub. L. 116-260 effective on Dec. 27, 2020, and applicable to loans and grants made on or after Dec. 27, 2020, see section 348 of Pub. L. 116-260 set out as a note under section 636 of this title.

Administration
the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and
Administrator
the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and