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Prohibiting Paycheck Protection Program Loans for Abortion Providers

This act aims to prevent entities providing abortion services from receiving federal Paycheck Protection Program (PPP) loans. It modifies the rules for financial aid, potentially impacting funding access for certain organizations. Additionally, the act mandates an investigation into whether previous loans were properly disbursed.
Key points
Entities providing abortion services, with some exceptions (e.g., hospitals), will be ineligible for Paycheck Protection Program loans.
The changes are effective retroactively, as if included in the original CARES Act.
The Inspector General of the Small Business Administration will investigate PPP loans received by organizations like Planned Parenthood and other abortion providers.
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Additional Information
Print number: 117_S_1382
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2021-04-27