CLARIFICATION OF AND ADDITIONAL LIMITATIONS ON ELIGIBILITY.

SEC. 310. CLARIFICATION OF AND ADDITIONAL LIMITATIONS ON ELIGIBILITY.(a) Date in Operation.—(1) In general.—Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended by adding at the end the following:“(T) Requirement for date in operation.—A business or organization that was not in operation on February 15, 2020 shall not be eligible for a loan under this paragraph.”.(2) Effective date; applicability.—The amendment made by paragraph (1) shall be effective as if included in the CARES Act (Public Law 116–136; 134 Stat. 281) and shall apply to any loan made pursuant to section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) before, on, or after the date of enactment of this Act, including forgiveness of such a loan.(b) Exclusion of Entities Receiving Shuttered Venue Operator Grants.—Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)), as amended by subsection (a) of this section, is amended by adding at the end the following:“(U) Exclusion of entities receiving shuttered venue operator grants.—An eligible person or entity (as defined under of section 24 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act) 134 STAT. 2001 that receives a grant under such section 24 shall not be eligible for a loan under this paragraph.”.