APPLICATION OF CERTAIN TERMS THROUGH LIFE OF COVERED LOAN.

SEC. 338. APPLICATION OF CERTAIN TERMS THROUGH LIFE OF COVERED LOAN. (a) In General.—Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended— (1) in subparagraph (H), in the matter preceding clause (i), by striking “During the covered period, with” and inserting “With”; (2) in subparagraph (J), in the matter preceding clause (i), by striking “During the covered period, with” and inserting “With”; and (3) in subparagraph (M)— (A) in clause (ii), in the matter preceding subclause (I), by striking “During the covered period, the” and inserting “The”; and (B) in clause (iii), by striking “During the covered period, with” and inserting “With”. (b) [15 U.S.C. 636 note] Effective Date; Applicability.—The amendments made by subsection (a) 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.