Abortion Providers Loan Elimination Act
This bill modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by making any individual or entity that provides abortions ineligible to receive a paycheck protection loan. An exception is allowed for abortions performed at hospitals or if the pregnancy is the result of rape or incest or endangers the life of the mother.
The Inspector General of the Small Business Administration must investigate and report on the number of paycheck protection loans made to the Planned Parenthood Federation of America and other individuals or entities that provide abortions.