[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 748 Enrolled Bill (ENR)]
H.R.748
One Hundred Sixteenth Congress
of the
United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Friday,
the third day of January, two thousand and twenty
An Act
To amend the Internal Revenue Code of 1986 to repeal the excise tax on
high cost employer-sponsored health coverage.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

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This Act may be cited as the ``Coronavirus Aid, Relief, and
Economic Security Act'' or the ``CARES Act''.

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The table of contents for this Act is as follows:

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TITLE I

-KEEPING AMERICAN WORKERS PAID AND EMPLOYED ACT

Subtitle A--Unemployment Insurance Provisions

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TITLE II

-ASSISTANCE FOR AMERICAN WORKERS, FAMILIES, AND BUSINESSES

compensable regular unemployment for States with no waiting
week.

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Subtitle B--Rebates and Other Individual Provisions

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produce hand sanitizer.
THE CORONAVIRUS
Subtitle A--Health Provisions

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PART I--Addressing Supply Shortages
subpart a--medical product supplies

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TITLE III

-SUPPORTING AMERICA'S HEALTH CARE SYSTEM IN THE FIGHT AGAINST

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countermeasures.
subpart b--mitigating emergency drug shortages

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drug shortages.
subpart c--preventing medical device shortages

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devices.
PART II--Access to Health Care for COVID-19 Patients
subpart a--coverage of testing and preventive services

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coronavirus.
subpart b--support for health care providers

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development, and small health care provider quality
improvement grant programs.

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professionals during COVID-19 emergency response.

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during emergency period.
subpart c--miscellaneous provisions

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community service activities under title V of the Older
Americans Act of 1965.

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plan rules to certain charitable employers whose primary
exempt purpose is providing services with respect to mothers
and children.

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qualified health centers and rural health clinics during
emergency period.

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between home dialysis patients and physicians.

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recertification of eligibility for hospice care during
emergency period.

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services furnished during emergency period.

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payment for COVID-19 patients during emergency period.

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the Medicare program through duration of emergency period.

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allow during the COVID-19 emergency period for fills and
refills of covered part D drugs for up to a 3-month supply.

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program during the COVID-19 public health emergency.

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legislation necessary for compliance.
Subtitle E--Health and Human Services Extenders
PART I--Medicare Provisions

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demonstration program.
PART III--Human Services and Other Health Programs

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program and related programs.
PART IV--Public Health Provisions

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Service Corps, and teaching health centers that operate GME
programs.

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Subtitle F--Over-the-Counter Drugs
PART I--OTC Drug Review

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SECTORS OF THE UNITED STATES ECONOMY
Subtitle A--Coronavirus Economic Stabilization Act of 2020

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TITLE IV

-ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED

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multifamily properties with federally backed loans.

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TITLE VI

-MISCELLANEOUS PROVISIONS

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Except as expressly provided otherwise, any reference to ``this
Act'' contained in any division of this Act shall be treated as
referring only to the provisions of that division.
ENHANCEMENTS, AND ECONOMIC STABILIZATION

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In this title--
(1) the terms ``Administration'' and ``Administrator'' mean the
Small Business Administration and the Administrator thereof,
respectively; and
(2) the term ``small business concern'' has the meaning given
the term in section 3 of the Small Business Act (15 U.S.C. 636).

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(a) In General.--Section 7(a) of the Small Business Act (15 U.S.C.
636(a)) is amended--
(1) in paragraph (2)--
(A) in subparagraph (A), in the matter preceding clause
(i), by striking ``and (E)'' and inserting ``(E), and (F)'';
and
(B) by adding at the end the following:
``(F) Participation in the paycheck protection program.--In
an agreement to participate in a loan on a deferred basis under
paragraph (36), the participation by the Administration shall
be 100 percent.''; and
(2) by adding at the end the following:
``(36) Paycheck protection program.--
``(A) Definitions.--In this paragraph--
``(i) the terms `appropriate Federal banking agency'
and `insured depository institution' have the meanings
given those terms in section 3 of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
``(ii) the term `covered loan' means a loan made under
this paragraph during the covered period;
``(iii) the term `covered period' means the period
beginning on February 15, 2020 and ending on June 30, 2020;
``(iv) the term `eligible recipient' means an
individual or entity that is eligible to receive a covered
loan;
``(v) the term `eligible self-employed individual' has
the meaning given the term in section 7002(b) of the
Families First Coronavirus Response Act (Public Law 116-
127);
``(vi) the term `insured credit union' has the meaning
given the term in section 101 of the Federal Credit Union
Act (12 U.S.C. 1752);
``(vii) the term `nonprofit organization' means an
organization that is described in section 501(c)(3) of the
Internal Revenue Code of 1986 and that is exempt from
taxation under section 501(a) of such Code;
``(viii) the term `payroll costs'--
``(I) means--
``(aa) the sum of payments of any compensation
with respect to employees that is a--
``(AA) salary, wage, commission, or similar
compensation;
``(BB) payment of cash tip or equivalent;
``(CC) payment for vacation, parental,
family, medical, or sick leave;
``(DD) allowance for dismissal or
separation;
``(EE) payment required for the provisions
of group health care benefits, including
insurance premiums;
``(FF) payment of any retirement benefit;
or
``(GG) payment of State or local tax
assessed on the compensation of employees; and
``(bb) the sum of payments of any compensation
to or income of a sole proprietor or independent
contractor that is a wage, commission, income, net
earnings from self-employment, or similar
compensation and that is in an amount that is not
more than $100,000 in 1 year, as prorated for the
covered period; and
``(II) shall not include--
``(aa) the compensation of an individual
employee in excess of an annual salary of $100,000,
as prorated for the covered period;
``(bb) taxes imposed or withheld under chapters
21, 22, or 24 of the Internal Revenue Code of 1986
during the covered period;
``(cc) any compensation of an employee whose
principal place of residence is outside of the
United States;
``(dd) qualified sick leave wages for which a
credit is allowed under section 7001 of the
Families First Coronavirus Response Act (Public Law
116-127); or
``(ee) qualified family leave wages for which a
credit is allowed under section 7003 of the
Families First Coronavirus Response Act (Public Law
116-127); and
``(ix) the term `veterans organization' means an
organization that is described in section 501(c)(19) of the
Internal Revenue Code that is exempt from taxation under
section 501(a) of such Code.
``(B) Paycheck protection loans.--Except as otherwise
provided in this paragraph, the Administrator may guarantee
covered loans under the same terms, conditions, and processes
as a loan made under this subsection.
``(C) Registration of loans.--Not later than 15 days after
the date on which a loan is made under this paragraph, the
Administration shall register the loan using the TIN (as
defined in section 7701 of the Internal Revenue Code of 1986)
assigned to the borrower.
``(D) Increased eligibility for certain small businesses
and organizations.--
``(i) In general.--During the covered period, in
addition to small business concerns, any business concern,
nonprofit organization, veterans organization, or Tribal
business concern described in section 31(b)(2)(C) shall be
eligible to receive a covered loan if the business concern,
nonprofit organization, veterans organization, or Tribal
business concern employs not more than the greater of--
``(I) 500 employees; or
``(II) if applicable, the size standard in number
of employees established by the Administration for the
industry in which the business concern, nonprofit
organization, veterans organization, or Tribal business
concern operates.
``(ii) Inclusion of sole proprietors, independent
contractors, and eligible self-employed individuals.--
``(I) In general.--During the covered period,
individuals who operate under a sole proprietorship or
as an independent contractor and eligible self-employed
individuals shall be eligible to receive a covered
loan.
``(II) Documentation.--An eligible self-employed
individual, independent contractor, or sole
proprietorship seeking a covered loan shall submit such
documentation as is necessary to establish such
individual as eligible, including payroll tax filings
reported to the Internal Revenue Service, Forms 1099-
MISC, and income and expenses from the sole
proprietorship, as determined by the Administrator and
the Secretary.
``(iii) Business concerns with more than 1 physical
location.--During the covered period, any business concern
that employs not more than 500 employees per physical
location of the business concern and that is assigned a
North American Industry Classification System code
beginning with 72 at the time of disbursal shall be
eligible to receive a covered loan.
``(iv) Waiver of affiliation rules.--During the covered
period, the provisions applicable to affiliations under
section 121.103 of title 13, Code of Federal Regulations,
or any successor regulation, are waived with respect to
eligibility for a covered loan for--
``(I) any business concern with not more than 500
employees that, as of the date on which the covered
loan is disbursed, is assigned a North American
Industry Classification System code beginning with 72;
``(II) any business concern operating as a
franchise that is assigned a franchise identifier code
by the Administration; and
``(III) any business concern that receives
financial assistance from a company licensed under
section 301 of the Small Business Investment Act of
1958 (15 U.S.C. 681).
``(v) Employee.--For purposes of determining whether a
business concern, nonprofit organization, veterans
organization, or Tribal business concern described in
section 31(b)(2)(C) employs not more than 500 employees
under clause (i)(I), the term `employee' includes
individuals employed on a full-time, part-time, or other
basis.
``(vi) Affiliation.--The provisions applicable to
affiliations under section 121.103 of title 13, Code of
Federal Regulations, or any successor thereto, shall apply
with respect to a nonprofit organization and a veterans
organization in the same manner as with respect to a small
business concern.
``(E) Maximum loan amount.--During the covered period, with
respect to a covered loan, the maximum loan amount shall be the
lesser of--
``(i)(I) the sum of--
``(aa) the product obtained by multiplying--
``(AA) the average total monthly payments by
the applicant for payroll costs incurred during the
1-year period before the date on which the loan is
made, except that, in the case of an applicant that
is seasonal employer, as determined by the
Administrator, the average total monthly payments
for payroll shall be for the 12-week period
beginning February 15, 2019, or at the election of
the eligible recipient, March 1, 2019, and ending
June 30, 2019; by
``(BB) 2.5; and
``(bb) the outstanding amount of a loan under
subsection (b)(2) that was made during the period
beginning on January 31, 2020 and ending on the date on
which covered loans are made available to be refinanced
under the covered loan; or
``(II) if requested by an otherwise eligible recipient
that was not in business during the period beginning on
February 15, 2019 and ending on June 30, 2019, the sum of--
``(aa) the product obtained by multiplying--
``(AA) the average total monthly payments by
the applicant for payroll costs incurred during the
period beginning on January 1, 2020 and ending on
February 29, 2020; by
``(BB) 2.5; and
``(bb) the outstanding amount of a loan under
subsection (b)(2) that was made during the period
beginning on January 31, 2020 and ending on the date on
which covered loans are made available to be refinanced
under the covered loan; or
``(ii) $10,000,000.
``(F) Allowable uses of covered loans.--
``(i) In general.--During the covered period, an
eligible recipient may, in addition to the allowable uses
of a loan made under this subsection, use the proceeds of
the covered loan for--
``(I) payroll costs;
``(II) costs related to the continuation of group
health care benefits during periods of paid sick,
medical, or family leave, and insurance premiums;
``(III) employee salaries, commissions, or similar
compensations;
``(IV) payments of interest on any mortgage
obligation (which shall not include any prepayment of
or payment of principal on a mortgage obligation);
``(V) rent (including rent under a lease
agreement);
``(VI) utilities; and
``(VII) interest on any other debt obligations that
were incurred before the covered period.
``(ii) Delegated authority.--
``(I) In general.--For purposes of making covered
loans for the purposes described in clause (i), a
lender approved to make loans under this subsection
shall be deemed to have been delegated authority by the
Administrator to make and approve covered loans,
subject to the provisions of this paragraph.
``(II) Considerations.--In evaluating the
eligibility of a borrower for a covered loan with the
terms described in this paragraph, a lender shall
consider whether the borrower--
``(aa) was in operation on February 15, 2020;
and
``(bb)(AA) had employees for whom the borrower
paid salaries and payroll taxes; or
``(BB) paid independent contractors, as
reported on a Form 1099-MISC.
``(iii) Additional lenders.--The authority to make
loans under this paragraph shall be extended to additional
lenders determined by the Administrator and the Secretary
of the Treasury to have the necessary qualifications to
process, close, disburse and service loans made with the
guarantee of the Administration.
``(iv) Refinance.--A loan made under subsection (b)(2)
during the period beginning on January 31, 2020 and ending
on the date on which covered loans are made available may
be refinanced as part of a covered loan.
``(v) Nonrecourse.--Notwithstanding the waiver of the
personal guarantee requirement or collateral under
subparagraph (J), the Administrator shall have no recourse
against any individual shareholder, member, or partner of
an eligible recipient of a covered loan for nonpayment of
any covered loan, except to the extent that such
shareholder, member, or partner uses the covered loan
proceeds for a purpose not authorized under clause (i).
``(G) Borrower requirements.--
``(i) Certification.--An eligible recipient applying
for a covered loan shall make a good faith certification--
``(I) that the uncertainty of current economic
conditions makes necessary the loan request to support
the ongoing operations of the eligible recipient;
``(II) acknowledging that funds will be used to
retain workers and maintain payroll or make mortgage
payments, lease payments, and utility payments;
``(III) that the eligible recipient does not have
an application pending for a loan under this subsection
for the same purpose and duplicative of amounts applied
for or received under a covered loan; and
``(IV) during the period beginning on February 15,
2020 and ending on December 31, 2020, that the eligible
recipient has not received amounts under this
subsection for the same purpose and duplicative of
amounts applied for or received under a covered loan.
``(H) Fee waiver.--During the covered period, with respect
to a covered loan--
``(i) in lieu of the fee otherwise applicable under
paragraph (23)(A), the Administrator shall collect no fee;
and
``(ii) in lieu of the fee otherwise applicable under
paragraph (18)(A), the Administrator shall collect no fee.
``(I) Credit elsewhere.--During the covered period, the
requirement that a small business concern is unable to obtain
credit elsewhere, as defined in section 3(h), shall not apply
to a covered loan.
``(J) Waiver of personal guarantee requirement.--During the
covered period, with respect to a covered loan--
``(i) no personal guarantee shall be required for the
covered loan; and
``(ii) no collateral shall be required for the covered
loan.
``(K) Maturity for loans with remaining balance after
application of forgiveness.--With respect to a covered loan
that has a remaining balance after reduction based on the loan
forgiveness amount under section 1106 of the CARES Act--
``(i) the remaining balance shall continue to be
guaranteed by the Administration under this subsection; and
``(ii) the covered loan shall have a maximum maturity
of 10 years from the date on which the borrower applies for
loan forgiveness under that section.
``(L) Interest rate requirements.--A covered loan shall
bear an interest rate not to exceed 4 percent.
``(M) Loan deferment.--
``(i) Definition of impacted borrower.--
``(I) In general.--In this subparagraph, the term
`impacted borrower' means an eligible recipient that--
``(aa) is in operation on February 15, 2020;
and
``(bb) has an application for a covered loan
that is approved or pending approval on or after
the date of enactment of this paragraph.
``(II) Presumption.--For purposes of this
subparagraph, an impacted borrower is presumed to have
been adversely impacted by COVID-19.
``(ii) Deferral.--During the covered period, the
Administrator shall--
``(I) consider each eligible recipient that applies
for a covered loan to be an impacted borrower; and
``(II) require lenders under this subsection to
provide complete payment deferment relief for impacted
borrowers with covered loans for a period of not less
than 6 months, including payment of principal,
interest, and fees, and not more than 1 year.
``(iii) Secondary market.--During the covered period,
with respect to a covered loan that is sold on the
secondary market, if an investor declines to approve a
deferral requested by a lender under clause (ii), the
Administrator shall exercise the authority to purchase the
loan so that the impacted borrower may receive a deferral
for a period of not less than 6 months, including payment
of principal, interest, and fees, and not more than 1 year.
``(iv) Guidance.--Not later than 30 days after the date
of enactment of this paragraph, the Administrator shall
provide guidance to lenders under this paragraph on the
deferment process described in this subparagraph.
``(N) Secondary market sales.--A covered loan shall be
eligible to be sold in the secondary market consistent with
this subsection. The Administrator may not collect any fee for
any guarantee sold into the secondary market under this
subparagraph.
``(O) Regulatory capital requirements.--
``(i) Risk weight.--With respect to the appropriate
Federal banking agencies or the National Credit Union
Administration Board applying capital requirements under
their respective risk-based capital requirements, a covered
loan shall receive a risk weight of zero percent.
``(ii) Temporary relief from tdr disclosures.--
Notwithstanding any other provision of law, an insured
depository institution or an insured credit union that
modifies a covered loan in relation to COVID-19-related
difficulties in a troubled debt restructuring on or after
March 13, 2020, shall not be required to comply with the
Financial Accounting Standards Board Accounting Standards
Codification Subtopic 310-40 (`Receivables - Troubled Debt
Restructurings by Creditors') for purposes of compliance
with the requirements of the Federal Deposit Insurance Act
(12 U.S.C. 1811 et seq.), until such time and under such
circumstances as the appropriate Federal banking agency or
the National Credit Union Administration Board, as
applicable, determines appropriate.
``(P) Reimbursement for processing.--
``(i) In general.--The Administrator shall reimburse a
lender authorized to make a covered loan at a rate, based
on the balance of the financing outstanding at the time of
disbursement of the covered loan, of--
``(I) 5 percent for loans of not more than
$350,000;
``(II) 3 percent for loans of more than $350,000
and less than $2,000,000; and
``(III) 1 percent for loans of not less than
$2,000,000.
``(ii) Fee limits.--An agent that assists an eligible
recipient to prepare an application for a covered loan may
not collect a fee in excess of the limits established by
the Administrator.
``(iii) Timing.--A reimbursement described in clause
(i) shall be made not later than 5 days after the
disbursement of the covered loan.
``(iv) Sense of the senate.--It is the sense of the
Senate that the Administrator should issue guidance to
lenders and agents to ensure that the processing and
disbursement of covered loans prioritizes small business
concerns and entities in underserved and rural markets,
including veterans and members of the military community,
small business concerns owned and controlled by socially
and economically disadvantaged individuals (as defined in
section 8(d)(3)(C)), women, and businesses in operation for
less than 2 years.
``(Q) Duplication.--Nothing in this paragraph shall
prohibit a recipient of an economic injury disaster loan made
under subsection (b)(2) during the period beginning on January
31, 2020 and ending on the date on which covered loans are made
available that is for a purpose other than paying payroll costs
and other obligations described in subparagraph (F) from
receiving assistance under this paragraph.
``(R) Waiver of prepayment penalty.--Notwithstanding any
other provision of law, there shall be no prepayment penalty
for any payment made on a covered loan.''.
(b) Commitments for 7(a) Loans.--During the period beginning on
February 15, 2020 and ending on June 30, 2020--
(1) the amount authorized for commitments for general business
loans authorized under section 7(a) of the Small Business Act (15
U.S.C. 636(a)), including loans made under paragraph (36) of such
section, as added by subsection (a), shall be $349,000,000,000; and
(2) the amount authorized for commitments for such loans under
the heading ``business loans program account'' under the heading
``Small Business Administration'' under title V of the Consolidated
Appropriations Act, 2020 (Public Law 116-93; 133 Stat. 2475) shall
not apply.
(c) Express Loans.--
(1) In general.--Section 7(a)(31)(D) of the Small Business Act
(15 U.S.C. 636(a)(31)(D)) is amended by striking ``$350,000'' and
inserting ``$1,000,000''.
(2) Prospective repeal.--Effective on January 1, 2021, section
7(a)(31)(D) of the Small Business Act (15 U.S.C. 636(a)(31)(D)) is
amended by striking ``$1,000,000'' and inserting ``$350,000''.
(d) Exception to Guarantee Fee Waiver for Veterans.--Section
7(a)(31)(G) of the Small Business Act (15 U.S.C. 636(a)(31)(G)) is
amended--
(1) by striking clause (ii); and
(2) by redesignating clause (iii) as clause (ii).
(e) Interim Rule.--On and after the date of enactment of this Act,
the interim final rule published by the Administrator entitled
``Express Loan Programs: Affiliation Standards'' (85 Fed. Reg. 7622
(February 10, 2020)) is permanently rescinded and shall have no force
or effect.

26f8a914efefa02012d594f6f253551667fc02985967f32e674acf57608af7a1

(a) Definitions.--In this section--
(1) the term ``covered small business concern'' means a small
business concern that has experienced, as a result of COVID-19--
(A) supply chain disruptions, including changes in--
(i) quantity and lead time, including the number of
shipments of components and delays in shipments;
(ii) quality, including shortages in supply for quality
control reasons; and
(iii) technology, including a compromised payment
network;
(B) staffing challenges;
(C) a decrease in gross receipts or customers; or
(D) a closure;
(2) the term ``resource partner'' means--
(A) a small business development center; and
(B) a women's business center;
(3) the term ``small business development center'' has the
meaning given the term in section 3 of the Small Business Act (15
U.S.C. 632); and
(4) the term ``women's business center'' means a women's
business center described in section 29 of the Small Business Act
(15 U.S.C. 656).
(b) Education, Training, and Advising Grants.--
(1) In general.--The Administration may provide financial
assistance in the form of grants to resource partners to provide
education, training, and advising to covered small business
concerns.
(2) Use of funds.--Grants under this subsection shall be used
for the education, training, and advising of covered small business
concerns and their employees on--
(A) accessing and applying for resources provided by the
Administration and other Federal resources relating to access
to capital and business resiliency;
(B) the hazards and prevention of the transmission and
communication of COVID-19 and other communicable diseases;
(C) the potential effects of COVID-19 on the supply chains,
distribution, and sale of products of covered small business
concerns and the mitigation of those effects;
(D) the management and practice of telework to reduce
possible transmission of COVID-19;
(E) the management and practice of remote customer service
by electronic or other means;
(F) the risks of and mitigation of cyber threats in remote
customer service or telework practices;
(G) the mitigation of the effects of reduced travel or
outside activities on covered small business concerns during
COVID-19 or similar occurrences; and
(H) any other relevant business practices necessary to
mitigate the economic effects of COVID-19 or similar
occurrences.
(3) Grant determination.--
(A) Small business development centers.--The Administration
shall award 80 percent of funds authorized to carry out this
subsection to small business development centers, which shall
be awarded pursuant to a formula jointly developed, negotiated,
and agreed upon, with full participation of both parties,
between the association formed under section 21(a)(3)(A) of the
Small Business Act (15 U.S.C. 648(a)(3)(A)) and the
Administration.
(B) Women's business centers.--The Administration shall
award 20 percent of funds authorized to carry out this
subsection to women's business centers, which shall be awarded
pursuant to a process established by the Administration in
consultation with recipients of assistance.
(C) No matching funds required.--Matching funds shall not
be required for any grant under this subsection.
(4) Goals and metrics.--
(A) In general.--Goals and metrics for the funds made
available under this subsection shall be jointly developed,
negotiated, and agreed upon, with full participation of both
parties, between the resource partners and the Administrator,
which shall--
(i) take into consideration the extent of the
circumstances relating to the spread of COVID-19, or
similar occurrences, that affect covered small business
concerns located in the areas covered by the resource
partner, particularly in rural areas or economically
distressed areas;
(ii) generally follow the use of funds outlined in
paragraph (2), but shall not restrict the activities of
resource partners in responding to unique situations; and
(iii) encourage resource partners to develop and
provide services to covered small business concerns.
(B) Public availability.--The Administrator shall make
publicly available the methodology by which the Administrator
and resource partners jointly develop the metrics and goals
described in subparagraph (A).
(c) Resource Partner Association Grants.--
(1) In general.--The Administrator may provide grants to an
association or associations representing resource partners under
which the association or associations shall establish a single
centralized hub for COVID-19 information, which shall include--
(A) 1 online platform that consolidates resources and
information available across multiple Federal agencies for
small business concerns related to COVID-19; and
(B) a training program to educate resource partner
counselors, members of the Service Corps of Retired Executives
established under section 8(b)(1)(B) of the Small Business Act
(15 U.S.C. 637(b)(1)(B)), and counselors at veterans business
outreach centers described in section 32 of the Small Business
Act (15 U.S.C. 657b) on the resources and information described
in subparagraph (A).
(2) Goals and metrics.--Goals and metrics for the funds made
available under this subsection shall be jointly developed,
negotiated, and agreed upon, with full participation of both
parties, between the association or associations receiving a grant
under this subsection and the Administrator.
(d) Report.--Not later than 6 months after the date of enactment of
this Act, and annually thereafter, the Administrator shall submit to
the Committee on Small Business and Entrepreneurship of the Senate and
the Committee on Small Business of the House of Representatives a
report that describes--
(1) with respect to the initial year covered by the report--
(A) the programs and services developed and provided by the
Administration and resource partners under subsection (b);
(B) the initial efforts to provide those services under
subsection (b); and
(C) the online platform and training developed and provided
by the Administration and the association or associations under
subsection (c); and
(2) with respect to the subsequent years covered by the
report--
(A) with respect to the grant program under subsection
(b)--
(i) the efforts of the Administrator and resource
partners to develop services to assist covered small
business concerns;
(ii) the challenges faced by owners of covered small
business concerns in accessing services provided by the
Administration and resource partners;
(iii) the number of unique covered small business
concerns that were served by the Administration and
resource partners; and
(iv) other relevant outcome performance data with
respect to covered small business concerns, including the
number of employees affected, the effect on sales, the
disruptions of supply chains, and the efforts made by the
Administration and resource partners to mitigate these
effects; and
(B) with respect to the grant program under subsection
(c)--
(i) the efforts of the Administrator and the
association or associations to develop and evolve an online
resource for small business concerns; and
(ii) the efforts of the Administrator and the
association or associations to develop a training program
for resource partner counselors, including the number of
counselors trained.

40055d6c544a1e9ea5ab9cc868057a8d67f8cc6a94d25d0e539ce7e3e491ae66

(a) In General.--Notwithstanding paragraph (3)(C)(iii) of section
22(l) of the Small Business Act (15 U.S.C. 649(l)), for grants under
the State Trade Expansion Program under such section 22(l) using
amounts made available for fiscal year 2018 or fiscal year 2019, the
period of the grant shall continue through the end of fiscal year 2021.
(b) Reimbursement.--The Administrator shall reimburse any recipient
of assistance under section 22(l) of the Small Business Act (15 U.S.C.
649(l)) for financial losses relating to a foreign trade mission or a
trade show exhibition that was cancelled solely due to a public health
emergency declared due to COVID-19 if the reimbursement does not exceed
a recipient's grant funding.

3020b1402e2505536845e4893aae1236da40cac7824c6ec0e7a97d8278bc42dd

BUSINESS CENTER PROGRAM.
During the 3-month period beginning on the date of enactment of
this Act, the requirement relating to obtaining cash contributions from
non-Federal sources under section 29(c)(1) of the Small Business Act
(15 U.S.C. 656(c)(1)) is waived for any recipient of assistance under
such section 29.

3b758a5fcfc872374f7d822d212a3d1971da8b2a30caab3380b0a6f02e6b4e18

(a) Definitions.--In this section--
(1) the term ``covered loan'' means a loan guaranteed under
paragraph (36) of section 7(a) of the Small Business Act (15 U.S.C.
636(a)), as added by section 1102;
(2) the term ``covered mortgage obligation'' means any
indebtedness or debt instrument incurred in the ordinary course of
business that--
(A) is a liability of the borrower;
(B) is a mortgage on real or personal property; and
(C) was incurred before February 15, 2020;
(3) the term ``covered period'' means the 8-week period
beginning on the date of the origination of a covered loan;
(4) the term ``covered rent obligation'' means rent obligated
under a leasing agreement in force before February 15, 2020;
(5) the term ``covered utility payment'' means payment for a
service for the distribution of electricity, gas, water,
transportation, telephone, or internet access for which service
began before February 15, 2020;
(6) the term ``eligible recipient'' means the recipient of a
covered loan;
(7) the term ``expected forgiveness amount'' means the amount
of principal that a lender reasonably expects a borrower to expend
during the covered period on the sum of any--
(A) payroll costs;
(B) payments of interest on any covered mortgage obligation
(which shall not include any prepayment of or payment of
principal on a covered mortgage obligation);
(C) payments on any covered rent obligation; and
(D) covered utility payments; and
(8) the term ``payroll costs'' has the meaning given that term
in paragraph (36) of section 7(a) of the Small Business Act (15
U.S.C. 636(a)), as added by section 1102 of this Act.
(b) Forgiveness.--An eligible recipient shall be eligible for
forgiveness of indebtedness on a covered loan in an amount equal to the
sum of the following costs incurred and payments made during the
covered period:
(1) Payroll costs.
(2) Any payment of interest on any covered mortgage obligation
(which shall not include any prepayment of or payment of principal
on a covered mortgage obligation).
(3) Any payment on any covered rent obligation.
(4) Any covered utility payment.
(c) Treatment of Amounts Forgiven.--
(1) In general.--Amounts which have been forgiven under this
section shall be considered canceled indebtedness by a lender
authorized under section 7(a) of the Small Business Act (15 U.S.C.
636(a)).
(2) Purchase of guarantees.--For purposes of the purchase of
the guarantee for a covered loan by the Administrator, amounts
which are forgiven under this section shall be treated in
accordance with the procedures that are otherwise applicable to a
loan guaranteed under section 7(a) of the Small Business Act (15
U.S.C. 636(a)).
(3) Remittance.--Not later than 90 days after the date on which
the amount of forgiveness under this section is determined, the
Administrator shall remit to the lender an amount equal to the
amount of forgiveness, plus any interest accrued through the date
of payment.
(4) Advance purchase of covered loan.--
(A) Report.--A lender authorized under section 7(a) of the
Small Business Act (15 U.S.C. 636(a)), or, at the discretion of
the Administrator, a third party participant in the secondary
market, may, report to the Administrator an expected
forgiveness amount on a covered loan or on a pool of covered
loans of up to 100 percent of the principal on the covered loan
or pool of covered loans, respectively.
(B) Purchase.--The Administrator shall purchase the
expected forgiveness amount described in subparagraph (A) as if
the amount were the principal amount of a loan guaranteed under
section 7(a) of the Small Business Act 636(a)).
(C) Timing.--Not later than 15 days after the date on which
the Administrator receives a report under subparagraph (A), the
Administrator shall purchase the expected forgiveness amount
under subparagraph (B) with respect to each covered loan to
which the report relates.
(d) Limits on Amount of Forgiveness.--
(1) Amount may not exceed principal.--The amount of loan
forgiveness under this section shall not exceed the principal
amount of the financing made available under the applicable covered
loan.
(2) Reduction based on reduction in number of employees.--
(A) In general.--The amount of loan forgiveness under this
section shall be reduced, but not increased, by multiplying the
amount described in subsection (b) by the quotient obtained by
dividing--
(i) the average number of full-time equivalent
employees per month employed by the eligible recipient
during the covered period; by
(ii)(I) at the election of the borrower--
(aa) the average number of full-time equivalent
employees per month employed by the eligible recipient
during the period beginning on February 15, 2019 and
ending on June 30, 2019; or
(bb) the average number of full-time equivalent
employees per month employed by the eligible recipient
during the period beginning on January 1, 2020 and
ending on February 29, 2020; or
(II) in the case of an eligible recipient that is
seasonal employer, as determined by the Administrator, the
average number of full-time equivalent employees per month
employed by the eligible recipient during the period
beginning on February 15, 2019 and ending on June 30, 2019.
(B) Calculation of average number of employees.--For
purposes of subparagraph (A), the average number of full-time
equivalent employees shall be determined by calculating the
average number of full-time equivalent employees for each pay
period falling within a month.
(3) Reduction relating to salary and wages.--
(A) In general.--The amount of loan forgiveness under this
section shall be reduced by the amount of any reduction in
total salary or wages of any employee described in subparagraph
(B) during the covered period that is in excess of 25 percent
of the total salary or wages of the employee during the most
recent full quarter during which the employee was employed
before the covered period.
(B) Employees described.--An employee described in this
subparagraph is any employee who did not receive, during any
single pay period during 2019, wages or salary at an annualized
rate of pay in an amount more than $100,000.
(4) Tipped workers.--An eligible recipient with tipped
employees described in section 3(m)(2)(A) of the Fair Labor
Standards Act of 1938 (29 U.S.C. 203(m)(2)(A)) may receive
forgiveness for additional wages paid to those employees.
(5) Exemption for re-hires.--
(A) In general.--In a circumstance described in
subparagraph (B), the amount of loan forgiveness under this
section shall be determined without regard to a reduction in
the number of full-time equivalent employees of an eligible
recipient or a reduction in the salary of 1 or more employees
of the eligible recipient, as applicable, during the period
beginning on February 15, 2020 and ending on the date that is
30 days after the date of enactment of this Act.
(B) Circumstances.--A circumstance described in this
subparagraph is a circumstance--
(i) in which--
(I) during the period beginning on February 15,
2020 and ending on the date that is 30 days after the
date of enactment of this Act, there is a reduction, as
compared to February 15, 2020, in the number of full-
time equivalent employees of an eligible recipient; and
(II) not later than June 30, 2020, the eligible
employer has eliminated the reduction in the number of
full-time equivalent employees;
(ii) in which--
(I) during the period beginning on February 15,
2020 and ending on the date that is 30 days after the
date of enactment of this Act, there is a reduction, as
compared to February 15, 2020, in the salary or wages
of 1 or more employees of the eligible recipient; and
(II) not later than June 30, 2020, the eligible
employer has eliminated the reduction in the salary or
wages of such employees; or
(iii) in which the events described in clause (i) and
(ii) occur.
(6) Exemptions.--The Administrator and the Secretary of the
Treasury may prescribe regulations granting de minimis exemptions
from the requirements under this subsection.
(e) Application.--An eligible recipient seeking loan forgiveness
under this section shall submit to the lender that is servicing the
covered loan an application, which shall include--
(1) documentation verifying the number of full-time equivalent
employees on payroll and pay rates for the periods described in
subsection (d), including--
(A) payroll tax filings reported to the Internal Revenue
Service; and
(B) State income, payroll, and unemployment insurance
filings;
(2) documentation, including cancelled checks, payment
receipts, transcripts of accounts, or other documents verifying
payments on covered mortgage obligations, payments on covered lease
obligations, and covered utility payments;
(3) a certification from a representative of the eligible
recipient authorized to make such certifications that--
(A) the documentation presented is true and correct; and
(B) the amount for which forgiveness is requested was used
to retain employees, make interest payments on a covered
mortgage obligation, make payments on a covered rent
obligation, or make covered utility payments; and
(4) any other documentation the Administrator determines
necessary.
(f) Prohibition on Forgiveness Without Documentation.--No eligible
recipient shall receive forgiveness under this section without
submitting to the lender that is servicing the covered loan the
documentation required under subsection (e).
(g) Decision.--Not later than 60 days after the date on which a
lender receives an application for loan forgiveness under this section
from an eligible recipient, the lender shall issue a decision on the an
application.
(h) Hold Harmless.--If a lender has received the documentation
required under this section from an eligible recipient attesting that
the eligible recipient has accurately verified the payments for payroll
costs, payments on covered mortgage obligations, payments on covered
lease obligations, or covered utility payments during covered period--
(1) an enforcement action may not be taken against the lender
under section 47(e) of the Small Business Act (15 U.S.C. 657t(e))
relating to loan forgiveness for the payments for payroll costs,
payments on covered mortgage obligations, payments on covered lease
obligations, or covered utility payments, as the case may be; and
(2) the lender shall not be subject to any penalties by the
Administrator relating to loan forgiveness for the payments for
payroll costs, payments on covered mortgage obligations, payments
on covered lease obligations, or covered utility payments, as the
case may be.
(i) Taxability.--For purposes of the Internal Revenue Code of 1986,
any amount which (but for this subsection) would be includible in gross
income of the eligible recipient by reason of forgiveness described in
subsection (b) shall be excluded from gross income.
(j) Rule of Construction.--The cancellation of indebtedness on a
covered loan under this section shall not otherwise modify the terms
and conditions of the covered loan.
(k) Regulations.--Not later than 30 days after the date of
enactment of this Act, the Administrator shall issue guidance and
regulations implementing this section.

b860d92862359ecb68f2cf2e4bd331ef172bf63bf5865508c7085c27d7e4549c

(a) In General.--There is appropriated, out of amounts in the
Treasury not otherwise appropriated, for the fiscal year ending
September 30, 2020, to remain available until September 30, 2021, for
additional amounts--
(1) $349,000,000,000 under the heading ``Small Business
Administration--Business Loans Program Account, CARES Act'' for the
cost of guaranteed loans as authorized under paragraph (36) of
section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added
by section 1102(a) of this Act;
(2) $675,000,000 under the heading ``Small Business
Administration--Salaries and Expenses'' for salaries and expenses
of the Administration;
(3) $25,000,000 under the heading ``Small Business
Administration--Office of Inspector General'', to remain available
until September 30, 2024, for necessary expenses of the Office of
Inspector General of the Administration in carrying out the
provisions of the Inspector General Act of 1978 (5 U.S.C. App.);
(4) $265,000,000 under the heading ``Small Business
Administration--Entrepreneurial Development Programs'', of which--
(A) $240,000,000 shall be for carrying out section 1103(b)
of this Act; and
(B) $25,000,000 shall be for carrying out section 1103(c)
of this Act;
(5) $10,000,000 under the heading ``Department of Commerce--
Minority Business Development Agency'' for minority business
centers of the Minority Business Development Agency to provide
technical assistance to small business concerns;
(6) $10,000,000,000 under the heading ``Small Business
Administration--Emergency EIDL Grants'' shall be for carrying out
section 1110 of this Act;
(7) $17,000,000,000 under the heading ``Small Business
Administration--Business Loans Program Account, CARES Act'' shall
be for carrying out section 1112 of this Act; and
(8) $25,000,000 under the heading ``Department of the
Treasury--Departmental Offices--Salaries and Expenses'' shall be
for carrying out section 1109 of this Act.
(b) Secondary Market.--During the period beginning on the date of
enactment of this Act and ending on September 30, 2021, guarantees of
trust certificates authorized by section 5(g) of the Small Business Act
(15 U.S.C. 635(g)) shall not exceed a principal amount of
$100,000,000,000.
(c) Reports.--Not later than 180 days after the date of enactment
of this Act, the Administrator shall submit to the Committee on
Appropriations of the Senate and the Committee on Appropriations of the
House of Representatives a detailed expenditure plan for using the
amounts appropriated to the Administration under subsection (a).

58e26951ac787cf1be9252d0552f2a85776f58a50cc4781216d1e3c28dde2195

(a) Definitions.--In this section--
(1) the term ``Agency'' means the Minority Business Development
Agency of the Department of Commerce;
(2) the term ``minority business center'' means a Business
Center of the Agency;
(3) the term ``minority business enterprise'' means a for-
profit business enterprise--
(A) not less than 51 percent of which is owned by 1 or more
socially disadvantaged individuals, as determined by the
Agency; and
(B) the management and daily business operations of which
are controlled by 1 or more socially disadvantaged individuals,
as determined by the Agency; and
(4) the term ``minority chamber of commerce'' means a chamber
of commerce developed specifically to support minority business
enterprises.
(b) Education, Training, and Advising Grants.--
(1) In general.--The Agency may provide financial assistance in
the form of grants to minority business centers and minority
chambers of commerce to provide education, training, and advising
to minority business enterprises.
(2) Use of funds.--Grants under this section shall be used for
the education, training, and advising of minority business
enterprises and their employees on--
(A) accessing and applying for resources provided by the
Agency and other Federal resources relating to access to
capital and business resiliency;
(B) the hazards and prevention of the transmission and
communication of COVID-19 and other communicable diseases;
(C) the potential effects of COVID-19 on the supply chains,
distribution, and sale of products of minority business
enterprises and the mitigation of those effects;
(D) the management and practice of telework to reduce
possible transmission of COVID-19;
(E) the management and practice of remote customer service
by electronic or other means;
(F) the risks of and mitigation of cyber threats in remote
customer service or telework practices;
(G) the mitigation of the effects of reduced travel or
outside activities on minority business enterprises during
COVID-19 or similar occurrences; and
(H) any other relevant business practices necessary to
mitigate the economic effects of COVID-19 or similar
occurrences.
(3) No matching funds required.--Matching funds shall not be
required for any grant under this section.
(4) Goals and metrics.--
(A) In general.--Goals and metrics for the funds made
available under this section shall be jointly developed,
negotiated, and agreed upon, with full participation of both
parties, between the minority business centers, minority
chambers of commerce, and the Agency, which shall--
(i) take into consideration the extent of the
circumstances relating to the spread of COVID-19, or
similar occurrences, that affect minority business
enterprises located in the areas covered by minority
business centers and minority chambers of commerce,
particularly in rural areas or economically distressed
areas;
(ii) generally follow the use of funds outlined in
paragraph (2), but shall not restrict the activities of
minority business centers and minority chambers of commerce
in responding to unique situations; and
(iii) encourage minority business centers and minority
chambers of commerce to develop and provide services to
minority business enterprises.
(B) Public availability.--The Agency shall make publicly
available the methodology by which the Agency, minority
business centers, and minority chambers of commerce jointly
develop the metrics and goals described in subparagraph (A).
(c) Waivers.--
(1) In general.--Notwithstanding any other provision of law or
regulation, the Agency may, during the 3-month period that begins
on the date of enactment of this Act, waive any matching
requirement imposed on a minority business center or a specialty
center of the Agency under a cooperative agreement between such a
center and the Agency if the applicable center is unable to raise
funds, or has suffered a loss of revenue, because of the effects of
COVID-19.
(2) Remaining compliant.--Notwithstanding any provision of a
cooperative agreement between the Agency and a minority business
center, if, during the period beginning on the date of enactment of
this Act and ending on September 30, 2021, such a center decides
not to collect fees because of the economic consequences of COVID-
19, the center shall be considered to be in compliance with that
agreement if--
(A) the center notifies the Agency with respect to that
decision, which the center may provide through electronic mail;
and
(B) the Agency, not later than 15 days after the date on
which the center provides notice to the Agency under
subparagraph (A)--
(i) confirms receipt of the notification under
subparagraph (A); and
(ii) accepts the decision of the center.
(d) Report.--Not later than 6 months after the date of enactment of
this Act, and annually thereafter, the Agency shall submit to the
Committee on Small Business and Entrepreneurship and the Committee on
Commerce, Science, and Transportation of the Senate and the Committee
on Small Business and the Committee on Energy and Commerce of the House
of Representatives a report that describes--
(1) with respect to the period covered by the initial report--
(A) the programs and services developed and provided by the
Agency, minority business centers, and minority chambers of
commerce under subsection (b); and
(B) the initial efforts to provide those services under
subsection (b); and
(2) with respect to subsequent years covered by the report--
(A) with respect to the grant program under subsection
(b)--
(i) the efforts of the Agency, minority business
centers, and minority chambers of commerce to develop
services to assist minority business enterprises;
(ii) the challenges faced by owners of minority
business enterprises in accessing services provided by the
Agency, minority business centers, and minority chambers of
commerce;
(iii) the number of unique minority business
enterprises that were served by the Agency, minority
business centers, or minority chambers of commerce; and
(iv) other relevant outcome performance data with
respect to minority business enterprises, including the
number of employees affected, the effect on sales, the
disruptions of supply chains, and the efforts made by the
Agency, minority business centers, and minority chambers of
commerce to mitigate these effects .
(e) Authorization of Appropriations.--There is authorized to be
appropriated $10,000,000 to carry out this section, to remain available
until expended.

1ccba04d7160578234666b4e0668ff8e4bd75b2c375013f96c11fd76b3e53c7e

(a) Definitions.--In this section--
(1) the terms ``appropriate Federal banking agency'' and
``insured depository institution'' have the meanings given those
terms in section 3 of the Federal Deposit Insurance Act (12 U.S.C.
1813);
(2) the term ``insured credit union'' has the meaning given the
term in section 101 of the Federal Credit Union Act (12 U.S.C.
1752); and
(3) the term ``Secretary'' means the Secretary of the Treasury.
(b) Authority to Include Additional Financial Institutions.--The
Department of the Treasury, in consultation with the Administrator, and
the Chairman of the Farm Credit Administration shall establish criteria
for insured depository institutions, insured credit unions,
institutions of the Farm Credit System chartered under the Farm Credit
Act of 1971 (12 U.S.C. 2001 et seq.), and other lenders that do not
already participate in lending under programs of the Administration, to
participate in the paycheck protection program to provide loans under
this section until the date on which the national emergency declared by
the President under the National Emergencies Act (50 U.S.C. 1601 et
seq.) with respect to the Coronavirus Disease 2019 (COVID-19) expires.
(c) Safety and Soundness.--An insured depository institution,
insured credit union, institution of the Farm Credit System chartered
under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.), or other
lender may only participate in the program established under this
section if participation does not affect the safety and soundness of
the institution or lender, as determined by the Secretary in
consultation with the appropriate Federal banking agencies or the
National Credit Union Administration Board, as applicable.
(d) Regulations for Lenders and Loans.--
(1) In general.--The Secretary may issue regulations and
guidance as necessary to carry out the purposes of this section,
including to--
(A) allow additional lenders to originate loans under this
section; and
(B) establish terms and conditions for loans under this
section, including terms and conditions concerning
compensation, underwriting standards, interest rates, and
maturity.
(2) Requirements.--The terms and conditions established under
paragraph (1) shall provide for the following:
(A) A rate of interest that does not exceed the maximum
permissible rate of interest available on a loan of comparable
maturity under paragraph (36) of section 7(a) of the Small
Business Act (15 U.S.C. 636(a)), as added by section 1102 of
this Act.
(B) Terms and conditions that, to the maximum extent
practicable, are consistent with the terms and conditions
required under the following provisions of paragraph (36) of
section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as
added by section 1102 of this Act:
(i) Subparagraph (D), pertaining to borrower
eligibility.
(ii) Subparagraph (E), pertaining to the maximum loan
amount.
(iii) Subparagraph (F)(i), pertaining to allowable uses
of program loans.
(iv) Subparagraph (H), pertaining to fee waivers.
(v) Subparagraph (M), pertaining to loan deferment.
(C) A guarantee percentage that, to the maximum extent
practicable, is consistent with the guarantee percentage
required under subparagraph (F) of section 7(a)(2) of the Small
Business Act (15 U.S.C. 636(a)(2)), as added by section 1102 of
this Act.
(D) Loan forgiveness under terms and conditions that, to
the maximum extent practicable, is consistent with the terms
and conditions for loan forgiveness under section 1106 of this
Act.
(e) Additional Regulations Generally.--The Secretary may issue
regulations and guidance as necessary to carry out the purposes of this
section, including to allow additional lenders to originate loans under
this title and to establish terms and conditions such as compensation,
underwriting standards, interest rates, and maturity for under this
section.
(f) Certification.--As a condition of receiving a loan under this
section, a borrower shall certify under terms acceptable to the
Secretary that the borrower--
(1) does not have an application pending for a loan under
section 7(a) of the Small Business Act (15 U.S.C. 636(a)) for the
same purpose; and
(2) has not received such a loan during the period beginning on
February 15, 2020 and ending on December 31, 2020.
(g) Opt-in for SBA Qualified Lenders.--Lenders qualified to
participate as a lender under 7(a) of the Small Business Act (15 U.S.C.
636(a)) may elect to participate in the paycheck protection program
under the criteria, terms, and conditions established under this
section. Such participation shall not preclude the lenders from
continuing participation as a lender under section 7(a) of the Small
Business Act (15 U.S.C. 636(a)).
(h) Program Administration.--With guidance from the Secretary, the
Administrator shall administer the program established under this
section, including the making and purchasing of guarantees on loans
under the program, until the date on which the national emergency
declared by the President under the National Emergencies Act (50 U.S.C.
1601 et seq.) with respect to the Coronavirus Disease 2019 (COVID-19)
expires.
(i) Criminal Penalties.--A loan under this section shall be deemed
to be a loan under the Small Business Act (15 U.S.C. 631 et seq.) for
purposes of section 16 of such Act (15 U.S.C. 645).

eceb350b71e1341363e2d50b5a0c7425053b8087480abdbd345b98c645ecf63d

(a) Definitions.--In this section--
(1) the term ``covered period'' means the period beginning on
January 31, 2020 and ending on December 31, 2020; and
(2) the term ``eligible entity'' means--
(A) a business with not more than 500 employees;
(B) any individual who operates under a sole
proprietorship, with or without employees, or as an independent
contractor;
(C) a cooperative with not more than 500 employees;
(D) an ESOP (as defined in section 3 of the Small Business
Act (15 U.S.C. 632)) with not more than 500 employees; or
(E) a tribal small business concern, as described in
section 31(b)(2)(C) of the Small Business Act (15 U.S.C.
657a(b)(2)(C)), with not more than 500 employees.
(b) Eligible Entities.--During the covered period, in addition to
small business concerns, private nonprofit organizations, and small
agricultural cooperatives, an eligible entity shall be eligible for a
loan made under section 7(b)(2) of the Small Business Act (15 U.S.C.
636(b)(2)).
(c) Terms; Credit Elsewhere.--With respect to a loan made under
section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) in
response to COVID-19 during the covered period, the Administrator shall
waive--
(1) any rules related the personal guarantee on advances and
loans of not more than $200,000 during the covered period for all
applicants;
(2) the requirement that an applicant needs to be in business
for the 1-year period before the disaster, except that no waiver
may be made for a business that was not in operation on January 31,
2020; and
(3) the requirement in the flush matter following subparagraph
(E) of section 7(b)(2) of the Small Business Act (15 U.S.C.
636(b)(2)), as so redesignated by subsection (f) of this section,
that an applicant be unable to obtain credit elsewhere.
(d) Approval and Ability to Repay for Small Dollar Loans.--With
respect to a loan made under section 7(b)(2) of the Small Business Act
(15 U.S.C. 636(b)(2)) in response to COVID-19 during the covered
period, the Administrator may--
(1) approve an applicant based solely on the credit score of
the applicant and shall not require an applicant to submit a tax
return or a tax return transcript for such approval; or
(2) use alternative appropriate methods to determine an
applicant's ability to repay.
(e) Emergency Grant.--
(1) In general.--During the covered period, an entity included
for eligibility in subsection (b), including small business
concerns, private nonprofit organizations, and small agricultural
cooperatives, that applies for a loan under section 7(b)(2) of the
Small Business Act (15 U.S.C. 636(b)(2)) in response to COVID-19
may request that the Administrator provide an advance that is,
subject to paragraph (3), in the amount requested by such applicant
to such applicant within 3 days after the Administrator receives an
application from such applicant.
(2) Verification.--Before disbursing amounts under this
subsection, the Administrator shall verify that the applicant is an
eligible entity by accepting a self-certification from the
applicant under penalty of perjury pursuant to section 1746 of
title 28 United States Code.
(3) Amount.--The amount of an advance provided under this
subsection shall be not more than $10,000.
(4) Use of funds.--An advance provided under this subsection
may be used to address any allowable purpose for a loan made under
section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)),
including--
(A) providing paid sick leave to employees unable to work
due to the direct effect of the COVID-19;
(B) maintaining payroll to retain employees during business
disruptions or substantial slowdowns;
(C) meeting increased costs to obtain materials unavailable
from the applicant's original source due to interrupted supply
chains;
(D) making rent or mortgage payments; and
(E) repaying obligations that cannot be met due to revenue
losses.
(5) Repayment.--An applicant shall not be required to repay any
amounts of an advance provided under this subsection, even if
subsequently denied a loan under section 7(b)(2) of the Small
Business Act (15 U.S.C. 636(b)(2)).
(6) Unemployment grant.--If an applicant that receives an
advance under this subsection transfers into, or is approved for,
the loan program under section 7(a) of the Small Business Act (15
U.S.C. 636(a)), the advance amount shall be reduced from the loan
forgiveness amount for a loan for payroll costs made under such
section 7(a).
(7) Authorization of appropriations.--There is authorized to be
appropriated to the Administration $10,000,000,000 to carry out
this subsection.
(8) Termination.--The authority to carry out grants under this
subsection shall terminate on December 31, 2020.
(f) Emergencies Involving Federal Primary Responsibility Qualifying
for SBA Assistance.--Section 7(b)(2) of the Small Business Act (15
U.S.C. 636(b)(2)) is amended--
(1) in subparagraph (A), by striking ``or'' at the end;
(2) in subparagraph (B), by striking ``or'' at the end;
(3) in subparagraph (C), by striking ``or'' at the end;
(4) by redesignating subparagraph (D) as subparagraph (E);
(5) by inserting after subparagraph (C) the following:
``(D) an emergency involving Federal primary responsibility
determined to exist by the President under the section 501(b)
of the Robert T. Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5191(b)); or''; and
(6) in subparagraph (E), as so redesignated--
(A) by striking ``or (C)'' and inserting ``(C), or (D)'';
(B) by striking ``disaster declaration'' each place it
appears and inserting ``disaster or emergency declaration'';
(C) by striking ``disaster has occurred'' and inserting
``disaster or emergency has occurred'';
(D) by striking ``such disaster'' and inserting ``such
disaster or emergency''; and
(E) by striking ``disaster stricken'' and inserting
``disaster- or emergency-stricken''; and
(7) in the flush matter following subparagraph (E), as so
redesignated, by striking the period at the end and inserting the
following: ``: Provided further, That for purposes of subparagraph
(D), the Administrator shall deem that such an emergency affects
each State or subdivision thereof (including counties), and that
each State or subdivision has sufficient economic damage to small
business concerns to qualify for assistance under this paragraph
and the Administrator shall accept applications for such assistance
immediately.''.

92c8e3d0816c1adf5898ab2916e4ac5004e2da3110db7f15c6f480aa6499e5b5

(a) In General.--The Administrator shall provide the resources and
services made available by the Administration to small business
concerns in the 10 most commonly spoken languages, other than English,
in the United States, which shall include Mandarin, Cantonese,
Japanese, and Korean.
(b) Authorization of Appropriations.--There is authorized to be
appropriated to the Administrator $25,000,000 to carry out this
section.

3f88d317d835f5573b755847c92787d01a1f91b9bfc8d13771f0ead419e05e88

(a) Definition of Covered Loan.--In this section, the term
``covered loan'' means a loan that is--
(1) guaranteed by the Administration under--
(A) section 7(a) of the Small Business Act (15 U.S.C.
636(a))--
(i) including a loan made under the Community Advantage
Pilot Program of the Administration; and
(ii) excluding a loan made under paragraph (36) of such
section 7(a), as added by section 1102; or
(B) title V of the Small Business Investment Act of 1958
(15 U.S.C. 695 et seq.); or
(2) made by an intermediary to a small business concern using
loans or grants received under section 7(m) of the Small Business
Act (15 U.S.C. 636(m)).
(b) Sense of Congress.--It is the sense of Congress that--
(1) all borrowers are adversely affected by COVID-19;
(2) relief payments by the Administration are appropriate for
all borrowers; and
(3) in addition to the relief provided under this Act, the
Administration should encourage lenders to provide payment
deferments, when appropriate, and to extend the maturity of covered
loans, so as to avoid balloon payments or any requirement for
increases in debt payments resulting from deferments provided by
lenders during the period of the national emergency declared by the
President under the National Emergencies Act (50 U.S.C. 1601 et
seq.) with respect to the Coronavirus Disease 2019 (COVID-19).
(c) Principal and Interest Payments.--
(1) In general.--The Administrator shall pay the principal,
interest, and any associated fees that are owed on a covered loan
in a regular servicing status--
(A) with respect to a covered loan made before the date of
enactment of this Act and not on deferment, for the 6-month
period beginning with the next payment due on the covered loan;
(B) with respect to a covered loan made before the date of
enactment of this Act and on deferment, for the 6-month period
beginning with the next payment due on the covered loan after
the deferment period; and
(C) with respect to a covered loan made during the period
beginning on the date of enactment of this Act and ending on
the date that is 6 months after such date of enactment, for the
6-month period beginning with the first payment due on the
covered loan.
(2) Timing of payment.--The Administrator shall begin making
payments under paragraph (1) on a covered loan not later than 30
days after the date on which the first such payment is due.
(3) Application of payment.--Any payment made by the
Administrator under paragraph (1) shall be applied to the covered
loan such that the borrower is relieved of the obligation to pay
that amount.
(d) Other Requirements.--The Administrator shall--
(1) communicate and coordinate with the Federal Deposit
Insurance Corporation, the Office of the Comptroller of the
Currency, and State bank regulators to encourage those entities to
not require lenders to increase their reserves on account of
receiving payments made by the Administrator under subsection (c);
(2) waive statutory limits on maximum loan maturities for any
covered loan durations where the lender provides a deferral and
extends the maturity of covered loans during the 1-year period
following the date of enactment of this Act; and
(3) when necessary to provide more time because of the
potential of higher volumes, travel restrictions, and the inability
to access some properties during the COVID-19 pandemic, extend
lender site visit requirements to--
(A) not more than 60 days (which may be extended at the
discretion of the Administration) after the occurrence of an
adverse event, other than a payment default, causing a loan to
be classified as in liquidation; and
(B) not more than 90 days after a payment default.
(e) Rule of Construction.--Nothing in this section may be construed
to limit the authority of the Administrator to make payments pursuant
to subsection (c) with respect to a covered loan solely because the
covered loan has been sold in the secondary market.
(f) Authorization of Appropriations.--There is authorized to be
appropriated to the Administrator $17,000,000,000 to carry out this
section.

56e50778633adb537a41ea4dd0fdeecab86bc96f3be2dec6541145d50bcdf52f

(a) Small Business Debtor Reorganization.--
(1) In general.--Section 1182(1) of title 11, United States
Code, is amended to read as follows:
``(1) Debtor.--The term `debtor'--
``(A) subject to subparagraph (B), means a person engaged
in commercial or business activities (including any affiliate
of such person that is also a debtor under this title and
excluding a person whose primary activity is the business of
owning single asset real estate) that has aggregate
noncontingent liquidated secured and unsecured debts as of the
date of the filing of the petition or the date of the order for
relief in an amount not more than $7,500,000 (excluding debts
owed to 1 or more affiliates or insiders) not less than 50
percent of which arose from the commercial or business
activities of the debtor; and
``(B) does not include--
``(i) any member of a group of affiliated debtors that
has aggregate noncontingent liquidated secured and
unsecured debts in an amount greater than $7,500,000
(excluding debt owed to 1 or more affiliates or insiders);
``(ii) any debtor that is a corporation subject to the
reporting requirements under section 13 or 15(d) of the
Securities Exchange Act of 1934 (15 U.S.C. 78m, 78o(d)); or
``(iii) any debtor that is an affiliate of an issuer,
as defined in section 3 of the Securities Exchange Act of
1934 (15 U.S.C. 78c).''.
(2) Applicability of chapters.--Section 103(i) of title 11,
United States Code, is amended by striking ``small business
debtor'' and inserting ``debtor (as defined in section 1182)''.
(3) Application of amendment.--The amendment made by paragraph
(1) shall apply only with respect to cases commenced under title
11, United States Code, on or after the date of enactment of this
Act.
(4) Technical corrections.--
(A) Definition of small business debtor.--Section
101(51D)(B)(iii) of title 11, United States Code, is amended to
read as follows:
``(iii) any debtor that is an affiliate of an issuer
(as defined in section 3 of the Securities Exchange Act of
1934 (15 U.S.C. 78c)).''.
(B) Unclaimed property.--Section 347(b) of title 11, United
States Code, is amended by striking ``1194'' and inserting
``1191''.
(5) Sunset.--On the date that is 1 year after the date of
enactment of this Act, section 1182(1) of title 11, United States
Code, is amended to read as follows:
``(1) Debtor.--The term `debtor' means a small business
debtor.''.
(b) Bankruptcy Relief.--
(1) In general.--
(A) Exclusion from current monthly income.--Section
101(10A)(B)(ii) of title 11, United States Code, is amended--
(i) in subclause (III), by striking ``; and'' and
inserting a semicolon;
(ii) in subclause (IV), by striking the period at the
end and inserting ``; and''; and
(iii) by adding at the end the following:
``(V) Payments made under Federal law relating to
the national emergency declared by the President under
the National Emergencies Act (50 U.S.C. 1601 et seq.)
with respect to the coronavirus disease 2019 (COVID-
19).''.
(B) Confirmation of plan.--Section 1325(b)(2) of title 11,
United States Code, is amended by inserting ``payments made
under Federal law relating to the national emergency declared
by the President under the National Emergencies Act (50 U.S.C.
1601 et seq.) with respect to the coronavirus disease 2019
(COVID-19),'' after ``other than''.
(C) Modification of plan after confirmation.--Section 1329
of title 11, United States Code, is amended by adding at end
the following:
``(d)(1) Subject to paragraph (3), for a plan confirmed prior to
the date of enactment of this subsection, the plan may be modified upon
the request of the debtor if--
``(A) the debtor is experiencing or has experienced a material
financial hardship due, directly or indirectly, to the coronavirus
disease 2019 (COVID-19) pandemic; and
``(B) the modification is approved after notice and a hearing.
``(2) A plan modified under paragraph (1) may not provide for
payments over a period that expires more than 7 years after the time
that the first payment under the original confirmed plan was due.
``(3) Sections 1322(a), 1322(b), 1323(c), and the requirements of
section 1325(a) shall apply to any modification under paragraph (1).''.
(D) Applicability.--
(i) The amendments made by subparagraphs (A) and (B)
shall apply to any case commenced before, on, or after the
date of enactment of this Act.
(ii) The amendment made by subparagraph (C) shall apply
to any case for which a plan has been confirmed under
section 1325 of title 11, United States Code, before the
date of enactment of this Act.
(2) Sunset.--
(A) In general.--
(i) Exclusion from current monthly income.--Section
101(10A)(B)(ii) of title 11, United States Code, is
amended--
(I) in subclause (III), by striking the semicolon
at the end and inserting ``; and'';
(II) in subclause (IV), by striking ``; and'' and
inserting a period; and
(III) by striking subclause (V).
(ii) Confirmation of plan.--Section 1325(b)(2) of title
11, United States Code, is amended by striking ``payments
made under Federal law relating to the national emergency
declared by the President under the National Emergencies
Act (50 U.S.C. 1601 et seq.) with respect to the
coronavirus disease 2019 (COVID-19),''.
(iii) Modification of plan after confirmation.--Section
1329 of title 11, United States Code, is amended by
striking subsection (d).
(B) Effective date.--The amendments made by subparagraph
(A) shall take effect on the date that is 1 year after the date
of enactment of this Act.

cb89ecb5282edaba7951aa4cc697934b9a67def1a55181f3d7f62287e8ed8612

Not later than 15 days after the date of enactment of this Act, the
Administrator shall issue regulations to carry out this title and the
amendments made by this title without regard to the notice requirements
under section 553(b) of title 5, United States Code.
Subtitle A--Unemployment Insurance Provisions

9319fd38b823c46def5b75c6919f6d4b82dba26b9ad0b39d7b3c22a9dada6ace

This subtitle may be cited as the ``Relief for Workers Affected by
Coronavirus Act''.

6fe85be09f85b904233d79b2356f60a80046ef740d9b17f58f4e557e3994eb47

(a) Definitions.--In this section:
(1) COVID-19.--The term ``COVID-19'' means the 2019 Novel
Coronavirus or 2019-nCoV.
(2) COVID-19 public health emergency.--The term ``COVID-19
public health emergency'' means the public health emergency
declared by the Secretary of Health and Human Services on January
27, 2020, with respect to the 2019 Novel Coronavirus.
(3) Covered individual.--The term ``covered individual''--
(A) means an individual who--
(i) is not eligible for regular compensation or
extended benefits under State or Federal law or pandemic
emergency unemployment compensation under section 2107,
including an individual who has exhausted all rights to
regular unemployment or extended benefits under State or
Federal law or pandemic emergency unemployment compensation
under section 2107; and
(ii) provides self-certification that the individual--
(I) is otherwise able to work and available for
work within the meaning of applicable State law, except
the individual is unemployed, partially unemployed, or
unable or unavailable to work because--
(aa) the individual has been diagnosed with
COVID-19 or is experiencing symptoms of COVID-19
and seeking a medical diagnosis;
(bb) a member of the individual's household has
been diagnosed with COVID-19;
(cc) the individual is providing care for a
family member or a member of the individual's
household who has been diagnosed with COVID-19;
(dd) a child or other person in the household
for which the individual has primary caregiving
responsibility is unable to attend school or
another facility that is closed as a direct result
of the COVID-19 public health emergency and such
school or facility care is required for the
individual to work;
(ee) the individual is unable to reach the
place of employment because of a quarantine imposed
as a direct result of the COVID-19 public health
emergency;
(ff) the individual is unable to reach the
place of employment because the individual has been
advised by a health care provider to self-
quarantine due to concerns related to COVID-19;
(gg) the individual was scheduled to commence
employment and does not have a job or is unable to
reach the job as a direct result of the COVID-19
public health emergency;
(hh) the individual has become the breadwinner
or major support for a household because the head
of the household has died as a direct result of
COVID-19;
(ii) the individual has to quit his or her job
as a direct result of COVID-19;
(jj) the individual's place of employment is
closed as a direct result of the COVID-19 public
health emergency; or
(kk) the individual meets any additional
criteria established by the Secretary for
unemployment assistance under this section; or
(II) is self-employed, is seeking part-time
employment, does not have sufficient work history, or
otherwise would not qualify for regular unemployment or
extended benefits under State or Federal law or
pandemic emergency unemployment compensation under
section 2107 and meets the requirements of subclause
(I); and
(B) does not include--
(i) an individual who has the ability to telework with
pay; or
(ii) an individual who is receiving paid sick leave or
other paid leave benefits, regardless of whether the
individual meets a qualification described in items (aa)
through (kk) of subparagraph (A)(i)(I).
(4) Secretary.--The term ``Secretary'' means the Secretary of
Labor.
(5) State.--The term ``State'' includes the District of
Columbia, the Commonwealth of Puerto Rico, the Virgin Islands,
Guam, American Samoa, the Commonwealth of the Northern Mariana
Islands, the Federated States of Micronesia, the Republic of the
Marshall Islands, and the Republic of Palau.
(b) Assistance for Unemployment as a Result of COVID-19.--Subject
to subsection (c), the Secretary shall provide to any covered
individual unemployment benefit assistance while such individual is
unemployed, partially unemployed, or unable to work for the weeks of
such unemployment with respect to which the individual is not entitled
to any other unemployment compensation (as that term is defined in
section 85(b) of title 26, United States Code) or waiting period
credit.
(c) Applicability.--
(1) In general.--Except as provided in paragraph (2), the
assistance authorized under subsection (b) shall be available to a
covered individual--
(A) for weeks of unemployment, partial unemployment, or
inability to work caused by COVID-19--
(i) beginning on or after January 27, 2020; and
(ii) ending on or before December 31, 2020; and
(B) subject to subparagraph (A)(ii), as long as the covered
individual's unemployment, partial unemployment, or inability
to work caused by COVID-19 continues.
(2) Limitation on duration of assistance.--The total number of
weeks for which a covered individual may receive assistance under
this section shall not exceed 39 weeks and such total shall include
any week for which the covered individual received regular
compensation or extended benefits under any Federal or State law,
except that if after the date of enactment of this Act, the
duration of extended benefits is extended, the 39-week period
described in this paragraph shall be extended by the number of
weeks that is equal to the number of weeks by which the extended
benefits were extended.
(3) Assistance for unemployment before date of enactment.--The
Secretary shall establish a process for making assistance under
this section available for weeks beginning on or after January 27,
2020, and before the date of enactment of this Act.
(d) Amount of Assistance.--
(1) In general.--The assistance authorized under subsection (b)
for a week of unemployment, partial unemployment, or inability to
work shall be--
(A)(i) the weekly benefit amount authorized under the
unemployment compensation law of the State where the covered
individual was employed, except that the amount may not be less
than the minimum weekly benefit amount described in section
625.6 of title 20, Code of Federal Regulations, or any
successor thereto; and
(ii) the amount of Federal Pandemic Unemployment
Compensation under section 2104; and
(B) in the case of an increase of the weekly benefit amount
after the date of enactment of this Act, increased in an amount
equal to such increase.
(2) Calculations of amounts for certain covered individuals.--
In the case of a covered individual who is self-employed, who lives
in a territory described in subsection (c) or (d) of section 625.6
of title 20, Code of Federal Regulations, or who would not
otherwise qualify for unemployment compensation under State law,
the assistance authorized under subsection (b) for a week of
unemployment shall be calculated in accordance with section 625.6
of title 20, Code of Federal Regulations, or any successor thereto,
and shall be increased by the amount of Federal Pandemic
Unemployment Compensation under section 2104.
(3) Allowable methods of payment.--Any assistance provided for
in accordance with paragraph (1)(A)(ii) shall be payable either--
(A) as an amount which is paid at the same time and in the
same manner as the assistance provided for in paragraph
(1)(A)(i) is payable for the week involved; or
(B) at the option of the State, by payments which are made
separately from, but on the same weekly basis as, any
assistance provided for in paragraph (1)(A)(i).
(e) Waiver of State Requirement.--Notwithstanding State law, for
purposes of assistance authorized under this section, compensation
under this Act shall be made to an individual otherwise eligible for
such compensation without any waiting period.
(f) Agreements With States.--
(1) In general.--The Secretary shall provide the assistance
authorized under subsection (b) through agreements with States
which, in the judgment of the Secretary, have an adequate system
for administering such assistance through existing State agencies.
(2) Payments to states.--There shall be paid to each State
which has entered into an agreement under this subsection an amount
equal to 100 percent of--
(A) the total amount of assistance provided by the State
pursuant to such agreement; and
(B) any additional administrative expenses incurred by the
State by reason of such agreement (as determined by the
Secretary), including any administrative expenses necessary to
facilitate processing of applications for assistance under this
section online or by telephone rather than in-person.
(3) Terms of payments.--Sums payable to any State by reason of
such State's having an agreement under this subsection shall be
payable, either in advance or by way of reimbursement (as
determined by the Secretary), in such amounts as the Secretary
estimates the State will be entitled to receive under this
subsection for each calendar month, reduced or increased, as the
case may be, by any amount by which the Secretary finds that his
estimates for any prior calendar month were greater or less than
the amounts which should have been paid to the State. Such
estimates may be made on the basis of such statistical, sampling,
or other method as may be agreed upon by the Secretary and the
State agency of the State involved.
(g) Funding.--
(1) Assistance.--
(A) In general.--Funds in the extended unemployment
compensation account (as established by section 905(a) of the
Social Security Act (42 U.S.C. 1105(a)) of the Unemployment
Trust Fund (as established by section 904(a) of such Act (42
U.S.C. 1104(a)) shall be used to make payments to States
pursuant to subsection (f)(2)(A).
(B) Transfer of funds.--Notwithstanding any other provision
of law, the Secretary of the Treasury shall transfer from the
general fund of the Treasury (from funds not otherwise
appropriated) to the extended unemployment compensation account
such sums as the Secretary of Labor estimates to be necessary
to make payments described in subparagraph (A). There are
appropriated from the general fund of the Treasury, without
fiscal year limitation, the sums referred to in the preceding
sentence and such sums shall not be required to be repaid.
(2) Administrative expenses.--
(A) In general.--Funds in the employment security
administration account (as established by section 901(a) of the
Social Security Act (42 U.S.C. 1105(a)) of the Unemployment
Trust Fund (as established by section 904(a) of such Act (42
U.S.C. 1104(a)) shall be used to make payments to States
pursuant to subsection (f)(2)(B).
(B) Transfer of funds.--Notwithstanding any other provision
of law, the Secretary of the Treasury shall transfer from the
general fund of the Treasury (from funds not otherwise
appropriated) to the employment security administration account
such sums as the Secretary of Labor estimates to be necessary
to make payments described in subparagraph (A). There are
appropriated from the general fund of the Treasury, without
fiscal year limitation, the sums referred to in the preceding
sentence and such sums shall not be required to be repaid.
(3) Certifications.--The Secretary of Labor shall from time to
time certify to the Secretary of the Treasury for payment to each
State the sums payable to such State under paragraphs (1) and (2).
(h) Relationship Between Pandemic Unemployment Assistance and
Disaster Unemployment Assistance.--Except as otherwise provided in this
section or to the extent there is a conflict between this section and
section 625 of title 20, Code of Federal Regulations, such section 625
shall apply to this section as if--
(1) the term ``COVID-19 public health emergency'' were
substituted for the term ``major disaster'' each place it appears
in such section 625; and
(2) the term ``pandemic'' were substituted for the term
``disaster'' each place it appears in such section 625.

3356c1c52f6857d6930bdfc33fbae247c251c0f7110d0c37995e3478d7e652da

NONPROFIT ORGANIZATIONS.
(a) Flexibility in Paying Reimbursement.--The Secretary of Labor
may issue clarifying guidance to allow States to interpret their State
unemployment compensation laws in a manner that would provide maximum
flexibility to reimbursing employers as it relates to timely payment
and assessment of penalties and interest pursuant to such State laws.
(b) Federal Funding.--Section 903 of the Social Security Act (42
U.S.C. 1103) is amended by adding at the end the following:
``Transfers for Federal Reimbursement of State Unemployment Funds
``(i)(1)(A) In addition to any other amounts, the Secretary of
Labor shall provide for the transfer of funds during the applicable
period to the accounts of the States in the Unemployment Trust Fund, by
transfer from amounts reserved for that purpose in the Federal
unemployment account, in accordance with the succeeding provisions of
this subsection.
``(B) The amount of funds transferred to the account of a State
under subparagraph (A) during the applicable period shall, as
determined by the Secretary of Labor, be equal to one-half of the
amounts of compensation (as defined in section 3306(h) of the Internal
Revenue Code of 1986) attributable under the State law to service to
which section 3309(a)(1) of such Code applies that were paid by the
State for weeks of unemployment beginning and ending during such
period. Such transfers shall be made at such times as the Secretary of
Labor considers appropriate.
``(C) Notwithstanding any other law, funds transferred to the
account of a State under subparagraph (A) shall be used exclusively to
reimburse governmental entities and other organizations described in
section 3309(a)(2) of such Code for amounts paid (in lieu of
contributions) into the State unemployment fund pursuant to such
section.
``(D) For purposes of this paragraph, the term `applicable period'
means the period beginning on March 13, 2020, and ending on December
31, 2020.
``(2)(A) Notwithstanding any other provision of law, the Secretary
of the Treasury shall transfer from the general fund of the Treasury
(from funds not otherwise appropriated) to the Federal unemployment
account such sums as the Secretary of Labor estimates to be necessary
for purposes of making the transfers described in paragraph (1).
``(B) There are appropriated from the general fund of the Treasury,
without fiscal year limitation, the sums referred to in subparagraph
(A) and such sums shall not be required to be repaid.''.

14f93e17126b50bc867f54760d3f0348238f7505d9c9bcd61ccf0a7e0b1912f3

CARES Act — HR. 748

Other Sections

DIVISION A / TITLE I

DIVISION A / TITLE II

DIVISION A / TITLE III

DIVISION A / TITLE IV

DIVISION A / TITLE VI

DIVISION B

DIVISION A / TITLE V

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