; Applicability Except as otherwise provided in this division, this division and the amendments made by this division shall take effect on the date of the enactment of this Act and shall apply to loans made, or other assistance provided, on or after the date of the enactment of this Act. I Funding Provisions 101. Amount authorized for commitments Section 1102(b)(1) of the CARES Act ( Public Law 116–136 ) is amended to read as follows: (1) PPP Loans During the period beginning on the date of enactment of this subsection and ending on December 31, 2020, subject to the availability of appropriations, the Administrator may make commitments under paragraph (36) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ). . 102. Funding for the paycheck protection program (a) In general Section 7(a)(36)(S) of the Small Business Act ( 15 U.S.C. 636(a)(36)(S) ) is amended to read as follows: (S) Set aside for certain entities The Administrator shall provide for the cost to guarantee covered loans made under this paragraph— (i) a set aside of not less than 10 percent of each such amount for covered loans— (I) made to eligible recipients with 10 or fewer employees, including individuals who operate under a sole proprietorship or as an independent contractor and eligible self-employed individuals; or (II) less than or equal to $250,000 made to an eligible recipient that is located in a low- or moderate-income neighborhoods (as defined under the Community Reinvestment Act of 1977). (ii) a set aside of not more than 30 percent of each such amount for covered loan made to nonprofit organizations, organizations described in subparagraph (D)(viii), or housing cooperatives