; and (bb) to the extent additional amounts are made available for covered loans after the date of enactment of the Prioritized Paycheck Protection Program Act , not less than the lesser of 20 percent of the sum of the unobligated balances described in subitem (AA) and such additional amounts or $25,000,000,000 is used for guaranteeing covered loans under clause (i) or (ii) to eligible recipients that have not more than 10 employees. . (b) Covered periods (1) Authority to extend period for making PPP and P4 loans Section 7(a)(36)(A)(iii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(iii) ) is amended by inserting , or such later date as the Administrator determines appropriate after December 31, 2020 . (2) Period for costs that are eligible for forgiveness and application submission Section 1106 of the CARES Act ( Public Law 116–136 ) is amended— (A) in subsection (a), by striking paragraph (3) and inserting the following: (3) the term covered period means the period— (A) beginning on the date of the origination of a covered loan; and (B) ending on a date selected by the eligible recipient of the covered loan that occurs during the period— (i) beginning on the date that is 8 weeks after such date of origination; and (ii) ending on December 31, 2020, or such later date as the Administrator determines appropriate. ; (B) in subsection (d), by inserting , or such later date as the Administrator determines appropriate after December 31, 2020 each place it appears; (C) in subsection (e), in the matter preceding paragraph (1), by striking An eligible recipient and inserting After the end of the covered period with respect to an eligible recipient, the eligible recipient