1. Short Title This Act may be cited as the Abortion Providers Loan Elimination Act . 2. Findings Congress finds the following: (1) The Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) disqualified affiliations from applying for and receiving loans through the paycheck protection program. (2) Section 7(a)(36)(D)(vi) of the Small Business Act ( 15 U.S.C. 7(a)(36)(D)(vi) ), as added by the Coronavirus Aid, Relief, and Economic Security Act, established that affiliation rules apply to nonprofits for the purpose of determining whether a nonprofit has 500 or fewer employees. (3) Planned Parenthood Federation of America, a national organization with central control over its affiliates and which has nearly $2,000,000,000 in assets and 16,000 employees, improperly applied for, and received $80,000,000 in loans through the paycheck protection program. 3. Paycheck Protection Program (a) 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) Prohibition on Covered Loans for Abortion Providers (i) In General Except as provided in clause (ii), no individual or entity that provides abortions shall be eligible to receive a covered loan. (ii) Exceptions Clause (i) shall not apply to— (I) a hospital, as defined in section 1861(e) of the Social Security Act