246 
Housing and Urban Development (in this section referred 
to as the ‘‘Secretary’’) for fiscal year 2021, out of any 
money in the Treasury not otherwise appropriated, 
$20,000,000, to remain available until September 30, 
2023, for the Fair Housing Initiatives Program under sec-
tion 561 of the Housing and Community Development Act 
of 1987 (42 U.S.C. 3616a) to ensure fair housing organi-
zations have additional resources to address fair housing 
inquiries, complaints, investigations, and education and 
outreach activities, during or relating to the coronavirus 
pandemic. 
(b) ADMINISTRATIVE
EXPENSES.—The Secretary 
may use not more than 3 percent of the amounts appro-
priated under this section for administrative purposes. 
Subtitle C—Small Business (SSBCI) 
SEC. 4201. STATE SMALL BUSINESS CREDIT INITIATIVE. 
(a) STATE SMALL BUSINESS CREDIT INITIATIVE.— 
(1) IN GENERAL.—The State Small Business 
Credit Initiative Act of 2010 (12 U.S.C. 5701 et 
seq.) is amended— 
(A) in section 3003— 
(i) in subsection (b)— 
(I) by amending paragraph (1) to 
read as follows:
247 
‘‘(1) IN
GENERAL.—Not later than 30 days 
after the date of enactment of subsection (d), the 
Secretary shall allocate Federal funds to partici-
pating States so that each State is eligible to receive 
an amount equal to what the State would receive 
under the 2021 allocation, as determined under 
paragraph (2).’’; 
(II) in paragraph (2)— 
(aa) by striking ‘‘2009’’ 
each place such term appears 
and inserting ‘‘2021’’; 
(bb) by striking ‘‘2008’’ 
each place such term appears 
and inserting ‘‘2020’’; 
(cc) in subparagraph (A), by 
striking ‘‘The Secretary’’ and in-
serting ‘‘With respect to States 
other than Tribal governments, 
the Secretary’’; 
(dd) in subparagraph (C)(i), 
by striking ‘‘2007’’ and inserting 
‘‘2019’’; and 
(ee) by adding at the end 
the following:
248 
‘‘(C) SEPARATE ALLOCATION FOR TRIBAL 
GOVERNMENTS.— 
‘‘(i) IN
GENERAL.—With respect to 
States that are Tribal governments, the 
Secretary shall determine the 2021 alloca-
tion by allocating $500,000,000 among the 
Tribal governments in the proportion the 
Secretary determines appropriate, includ-
ing with consideration to available employ-
ment and economic data regarding each 
such Tribal government. 
‘‘(ii) NOTICE OF INTENT; TIMING OF 
ALLOCATION.—With respect to allocations 
to States that are Tribal governments, the 
Secretary may— 
‘‘(I) require Tribal governments 
that individually or jointly wish to 
participate in the Program to file a 
notice of intent with the Secretary not 
later than 30 days after the date of 
enactment of subsection (d); and 
‘‘(II) notwithstanding paragraph 
(1), allocate Federal funds to partici-
pating Tribal governments not later
249 
than 60 days after the date of enact-
ment of subsection (d). 
‘‘(D) EMPLOYMENT
DATA.—If the Sec-
retary determines that employment data with 
respect to a State is unavailable from the Bu-
reau of Labor Statistics of the Department of 
Labor, the Secretary shall consider such other 
economic and employment data that is other-
wise available for purposes of determining the 
employment data of such State.’’; and 
(III) by striking paragraph (3); 
and 
(ii) in subsection (c)— 
(I) in paragraph (1)(A)(iii), by 
inserting before the period the fol-
lowing: ‘‘that have delivered loans or 
investments to eligible businesses’’; 
and 
(II) by amending paragraph (4) 
to read as follows: 
‘‘(4) 
TERMINATION
OF
AVAILABILITY
OF 
AMOUNTS NOT TRANSFERRED.— 
‘‘(A) IN GENERAL.—Any portion of a par-
ticipating State’s allocated amount that has not 
been transferred to the State under this section
250 
may be deemed by the Secretary to be no longer 
allocated to the State and no longer available to 
the State and shall be returned to the general 
fund of the Treasury or reallocated as described 
under subparagraph (B), if— 
‘‘(i) the second 1⁄3 of a State’s allo-
cated amount has not been transferred to 
the State before the end of the end of the 
3-year period beginning on the date that 
the Secretary approves the State for par-
ticipation; or 
‘‘(ii) the last 1⁄3 of a State’s allocated 
amount has not been transferred to the 
State before the end of the end of the 6- 
year period beginning on the date that the 
Secretary approves the State for participa-
tion. 
‘‘(B) 
REALLOCATION.—Any 
amount 
deemed by the Secretary to be no longer allo-
cated to a State and no longer available to such 
State under subparagraph (A) may be reallo-
cated by the Secretary to other participating 
States. In making such a reallocation, the Sec-
retary shall not take into account the minimum 
allocation 
requirements 
under 
subsection
251 
(b)(2)(B) or the specific allocation for Tribal 
governments 
described 
under 
subsection 
(b)(2)(C).’’; 
(B) in section 3004(d), by striking ‘‘date 
of enactment of this Act’’ each place it appears 
and inserting ‘‘date of the enactment of section 
3003(d)’’; 
(C) in section 3005(b), by striking ‘‘date of 
enactment of this Act’’ each place it appears 
and inserting ‘‘date of the enactment of section 
3003(d)’’; 
(D) in section 3006(b)(4), by striking 
‘‘date of enactment of this Act’’ and inserting 
‘‘date of the enactment of section 3003(d)’’; 
(E) in section 3007(b), by striking ‘‘March 
31, 2011’’ and inserting ‘‘March 31, 2022’’; 
(F) in section 3009, by striking ‘‘date of 
enactment of this Act’’ each place it appears 
and inserting ‘‘date of the enactment of section 
3003(d)’’; and 
(G) in section 3011(b), by striking ‘‘date 
of the enactment of this Act’’ each place it ap-
pears and inserting ‘‘date of the enactment of 
section 3003(d)’’. 
(2) APPROPRIATION.—
252 
(A) IN GENERAL.—In addition to amounts 
otherwise available, there is hereby appropriated 
to the Secretary of the Treasury for fiscal year 
2021, out of any money in the Treasury not 
otherwise appropriated, $10,000,000,000, to re-
main available until expended, to provide sup-
port to small businesses responding to and re-
covering from the economic effects of the 
COVID–19 pandemic, ensure business enter-
prises owned and controlled by socially and eco-
nomically disadvantaged individuals have access 
to credit and investments, provide technical as-
sistance to help small businesses applying for 
various support programs, and to pay reason-
able costs of administering such Initiative. 
(B) 
RESCISSION.—With 
respect 
to 
amounts 
appropriated 
under 
subparagraph 
(A)— 
(i) the Secretary of the Treasury shall 
complete all disbursements and remaining 
obligations before September 30, 2030; 
and 
(ii) any amounts that remain unex-
pended (whether obligated or unobligated) 
on September 30, 2030, shall be rescinded
253 
and deposited into the general fund of the 
Treasury. 
(b) ADDITIONAL ALLOCATIONS TO SUPPORT BUSI-
NESS ENTERPRISES OWNED AND CONTROLLED BY SO-
CIALLY AND ECONOMICALLY DISADVANTAGED INDIVID-
UALS.—Section 3003 of the State Small Business Credit 
Initiative Act of 2010 (12 U.S.C. 5702) is amended by 
adding at the end the following: 
‘‘(d) ADDITIONAL ALLOCATIONS TO SUPPORT BUSI-
NESS ENTERPRISES OWNED AND CONTROLLED BY SO-
CIALLY AND ECONOMICALLY DISADVANTAGED INDIVID-
UALS.—Of the amounts appropriated for fiscal year 2021 
to carry out the Program, the Secretary shall— 
‘‘(1) allocate $1,500,000,000 to States from 
funds allocated under this section and, by regulation 
or other guidance, prescribe Program requirements 
that the funds be expended for business enterprises 
owned and controlled by socially and economically 
disadvantaged individuals; 
‘‘(2) allocate such amounts to States based on 
the needs of business enterprises owned and con-
trolled by socially and economically disadvantaged 
individuals, as determined by the Secretary, in each 
State, and not subject to the allocation formula de-
scribed under subsection (b);
254 
‘‘(3) oversee the States’ expenditure of these 
funds to directly support business enterprises owned 
and controlled by socially and economically disadvan-
taged individuals; and 
‘‘(4) establish a minimum amount of support 
that a State shall provide to business enterprises 
owned and controlled by socially and economically 
disadvantaged individuals. 
‘‘(e) INCENTIVE ALLOCATIONS TO SUPPORT BUSI-
NESS ENTERPRISES OWNED AND CONTROLLED BY SO-
CIALLY AND ECONOMICALLY DISADVANTAGED INDIVID-
UALS.—Of the amounts appropriated for fiscal year 2021 
to carry out the Program, the Secretary shall set aside 
$1,000,000,000 for an incentive program under which the 
Secretary shall increase the second 1⁄3 and last 1⁄3 alloca-
tions for States that demonstrate robust support, as deter-
mined by the Secretary, for business concerns owned and 
controlled by socially and economically disadvantaged indi-
viduals in the deployment of prior allocation amounts.’’. 
(c) ADDITIONAL ALLOCATIONS TO SUPPORT VERY 
SMALL BUSINESSES.—Section 3003 of the State Small 
Business Credit Initiative Act of 2010 (12 U.S.C. 5702), 
as amended by subsection (b), is further amended by add-
ing at the end the following:
255 
‘‘(f) ADDITIONAL ALLOCATIONS TO SUPPORT VERY 
SMALL BUSINESSES.— 
‘‘(1) IN
GENERAL.—Of the amounts appro-
priated to carry out the Program, the Secretary 
shall allocate not less than $500,000,000 to States 
from funds allocated under this section to be ex-
pended for very small businesses. 
‘‘(2) VERY SMALL BUSINESS DEFINED.—In this 
subsection, the term ‘very small business’— 
‘‘(A) means a business with fewer than 10 
employees; and 
‘‘(B) may include independent contractors 
and sole proprietors.’’. 
(d) CDFI AND MDI PARTICIPATION PLAN.—Section 
3004 of the State Small Business Credit Initiative Act of 
2010 (12 U.S.C. 5703) is amended by adding at the end 
the following: 
‘‘(e) CDFI AND MDI PARTICIPATION PLAN.—The 
Secretary may not approve a State to be a participating 
State unless the State has provided the Secretary with a 
plan detailing how minority depository institutions and 
community development financial institutions will be en-
couraged to participate in State programs.’’. 
(e) PANDEMIC RESPONSE PLAN.—Section 3004 of 
the State Small Business Credit Initiative Act of 2010 (12
256 
U.S.C. 5703), as amended by subsection (d), is further 
amended by adding at the end the following: 
‘‘(f) PANDEMIC RESPONSE PLAN.—The Secretary 
may not approve a State to be a participating State unless 
the State has provided the Secretary with a description 
of how the State will expeditiously utilize funds to support 
small businesses, including business enterprises owned and 
controlled by socially and economically disadvantaged indi-
viduals, in responding to and recovering from the eco-
nomic effects of the COVID–19 pandemic.’’. 
(f) TECHNICAL ASSISTANCE.—Section 3009 of the 
State Small Business Credit Initiative Act of 2010 (12 
U.S.C. 5708) is amended by adding at the end the fol-
lowing: 
‘‘(e) TECHNICAL ASSISTANCE.—Of the amounts ap-
propriated for fiscal year 2021 to carry out the Program, 
$500,000,000 may be used by the Secretary to— 
‘‘(1) provide funds to States to carry out a 
technical assistance plan under which a State will 
provide legal, accounting, and financial advisory 
services, either directly or contracted with legal, ac-
counting, and financial advisory firms, with priority 
given to business enterprises owned and controlled 
by socially and economically disadvantaged individ-
uals, to very small businesses and business enter-
257 
prises owned and controlled by socially and economi-
cally disadvantaged individuals applying for— 
‘‘(A) State programs under the Program; 
and 
‘‘(B) other State or Federal programs that 
support small businesses; 
‘‘(2) transfer amounts to the Minority Business 
Development Agency, so that the Agency may use 
such amounts in a manner the Agency determines 
appropriate, including through contracting with 
third parties, to provide technical assistance to busi-
ness enterprises owned and controlled by socially 
and economically disadvantaged individuals applying 
to— 
‘‘(A) State programs under the Program; 
and 
‘‘(B) other State or Federal programs that 
support small businesses; and 
‘‘(3) contract with legal, accounting, and finan-
cial advisory firms (with priority given to business 
enterprises owned and controlled by socially and eco-
nomically disadvantaged individuals), to provide 
technical assistance to business enterprises owned 
and controlled by socially and economically disadvan-
taged individuals applying to—
258 
‘‘(A) State programs under the Program; 
and 
‘‘(B) other State or Federal programs that 
support small businesses.’’. 
(g) PREDATORY LENDING PROHIBITED.—Section 
3004 of the State Small Business Credit Initiative Act of 
2010 (15 U.S.C. 5702), as amended by subsection (e), is 
further amended by adding at the end the following: 
‘‘(g) PREDATORY LENDING PROHIBITED.—The Sec-
retary may not approve a State to be a participating State 
unless the State has agreed that no lending activity sup-
ported by amounts received by the State under the Pro-
gram would result in predatory lending, as determined by 
the Secretary.’’. 
(h) INCLUSION OF TRIBAL GOVERNMENTS.—Section 
3002(10) of the State Small Business Credit Initiative Act 
of 2010 (12 U.S.C. 5701(10)) is amended— 
(1) in subparagraph (C), by striking ‘‘and’’ at 
the end; 
(2) in subparagraph (D), by striking the period 
at the end and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(E) a Tribal government, or a group of 
Tribal governments that jointly apply for an al-
location.’’.
259 
(i) DEFINITIONS.—Section 3002 of the State Small 
Business Credit Initiative Act of 2010 (12 U.S.C. 5701) 
is amended by adding at the end the following: 
‘‘(15) BUSINESS ENTERPRISE OWNED AND CON-
TROLLED
BY
SOCIALLY
AND
ECONOMICALLY
DIS-
ADVANTAGED INDIVIDUALS.—The term ‘business en-
terprise owned and controlled by socially and eco-
nomically disadvantaged individuals’ means a busi-
ness that— 
‘‘(A) if privately owned, 51 percent is 
owned by one or more socially and economically 
disadvantaged individuals; 
‘‘(B) if publicly owned, 51 percent of the 
stock is owned by one or more socially and eco-
nomically disadvantaged individuals; and 
‘‘(C) in the case of a mutual institution, a 
majority of the Board of Directors, account 
holders, and the community which the institu-
tion services is predominantly comprised of so-
cially and economically disadvantaged individ-
uals. 
‘‘(16) COMMUNITY
DEVELOPMENT
FINANCIAL 
INSTITUTION.—The term ‘community development 
financial institution’ has the meaning given that 
term under section 103 of the Riegle Community
260 
Development and Regulatory Improvement Act of 
1994. 
‘‘(17) MINORITY DEPOSITORY INSTITUTION.— 
The term ‘minority depository institution’ has the 
meaning given that term under section 308(b) of the 
Financial Institutions Reform, Recovery, and En-
forcement Act of 1989. 
‘‘(18) SOCIALLY
AND
ECONOMICALLY
DIS-
ADVANTAGED INDIVIDUAL.—The term ‘socially and 
economically disadvantaged individual’ means an in-
dividual who is a socially disadvantaged individual or 
an economically disadvantaged individual, as such 
terms are defined, respectively, under section 8 of 
the Small Business Act (15 U.S.C. 637) and the 
regulations thereunder. 
‘‘(19) TRIBAL GOVERNMENT.—The term ‘Tribal 
government’ means a government of an Indian Tribe 
listed on the list of recognized Tribes published by 
the Secretary of the Interior under section 104 of 
the Federally Recognized Indian Tribe List Act of 
1994 (25 U.S.C. 5131) and means the Office of Ha-
waiian Affairs established by the Constitution of the 
State of Hawaii.’’. 
(j) RULE OF APPLICATION.—The amendments made 
by this section shall apply with respect to funds appro-
261 
priated under this section and funds appropriated on and 
after the date of enactment of this section. 
Subtitle D—Airlines 
SEC. 4301. AIR TRANSPORTATION PAYROLL SUPPORT PRO-
GRAM EXTENSION. 
(a) 
DEFINITIONS.—The 
definitions 
in 
section 
40102(a) of title 49, United States Code, shall apply with 
respect to terms used in this section, except that— 
(1) the term ‘‘catering functions’’ means prepa-
ration, assembly, or both, of food, beverages, provi-
sions and related supplies for delivery, and the deliv-
ery of such items, directly to aircraft or to a location 
on or near airport property for subsequent delivery 
to aircraft; 
(2) the term ‘‘contractor’’ means— 
(A) a person that performs, under contract 
with a passenger air carrier conducting oper-
ations under part 121 of title 14, Code of Fed-
eral Regulations— 
(i) catering functions; or 
(ii) functions on the property of an 
airport that are directly related to the air 
transportation of persons, property, or 
mail, including the loading and unloading 
of property on aircraft, assistance to pas-
262 
sengers under part 382 of title 14, Code of 
Federal 
Regulations, 
security, 
airport 
ticketing and check-in functions, ground- 
handling of aircraft, or aircraft cleaning 
and sanitization functions and waste re-
moval; or 
(B) a subcontractor that performs such 
functions; 
(3) the term ‘‘employee’’ means an individual, 
other than a corporate officer, who is employed by 
an air carrier or a contractor; 
(4) the term ‘‘eligible air carrier’’ means an air 
carrier that— 
(A) received financial assistance pursuant 
section 402(a)(1) of division N of the Consoli-
dated Appropriations Act, 2021 (Public Law 
116-260); 
(B) provides air transportation as of 
March 31, 2021; 
(C) has not conducted involuntary fur-
loughs or reduced pay rates or benefits between 
March 31, 2021, and the date on which the air 
carrier makes a certification to the Secretary 
pursuant to subparagraph (D); and
264 
compensation is determined through 
an 
existing 
collective 
bargaining 
agreement entered into prior to the 
date of enactment of this Act)— 
(aa) total compensation that 
exceeds, during any 12 consecu-
tive months of such 2-year pe-
riod, the total compensation re-
ceived by the officer or employee 
from the air carrier in calendar 
year 2019; or 
(bb) severance pay or other 
benefits upon termination of em-
ployment with the air carrier 
which exceeds twice the max-
imum total compensation re-
ceived by the officer or employee 
from the air carrier in calendar 
year 2019; and 
(II) any officer or employee of 
the air carrier whose total compensa-
tion exceeded $3,000,000 in calendar 
year 2019 during any 12 consecutive 
months of such period total compensa-
tion in excess of the sum of—
265 
(aa) $3,000,000; and 
(bb) 50 percent of the excess 
over $3,000,000 of the total com-
pensation received by the officer 
or employee from the air carrier 
in calendar year 2019. 
(5) the term ‘‘eligible contractor’’ means a con-
tractor that— 
(A) received financial assistance pursuant 
to section 402(a)(2) of division N of the Con-
solidated Appropriations Act, 2021 (Public Law 
116-260); 
(B) performs one or more of the functions 
described under paragraph (2) as of March 31, 
2021; 
(C) has not conducted involuntary fur-
loughs or reduced pay rates or benefits between 
March 31, 2021, and the date on which the 
contractor makes a certification to the Sec-
retary pursuant to subparagraph (D); and 
(D) certifies to the Secretary that such 
contractor will— 
(i) refrain from conducting involun-
tary furloughs or reducing pay rates or 
benefits until September 30, 2021, or the
266 
date on which assistance provided under 
this section is exhausted, whichever is 
later; 
(ii) refrain from purchasing an equity 
security of the contractor or the parent 
company of the contractor that is listed on 
a national securities exchange through 
September 30, 2022; 
(iii) refrain from paying dividends, or 
making other capital distributions, with re-
spect to common stock (or equivalent inter-
est) of the contractor through September 
30, 2022; 
(iv) during the 2-year period begin-
ning April 1, 2021, and ending April 1, 
2023, refrain from paying— 
(I) any officer or employee of the 
contractor whose total compensation 
exceeded $425,000 in calendar year 
2019 (other than an employee whose 
compensation is determined through 
an 
existing 
collective 
bargaining 
agreement entered into prior to the 
date of enactment of this Act)—
267 
(aa) total compensation that 
exceeds, during any 12 consecu-
tive months of such 2-year pe-
riod, the total compensation re-
ceived by the officer or employee 
from the contractor in calendar 
year 2019; or 
(bb) severance pay or other 
benefits upon termination of em-
ployment with the contractor 
which exceeds twice the max-
imum total compensation re-
ceived by the officer or employee 
from the contractor in calendar 
year 2019; and 
(II) any officer or employee of 
the contractor whose total compensa-
tion exceeded $3,000,000 in calendar 
year 2019 during any 12 consecutive 
months of such period total compensa-
tion in excess of the sum of— 
(aa) $3,000,000; and 
(bb) 50 percent of the excess 
over $3,000,000 of the total com-
pensation received by the officer
268 
or employee from the contractor 
in calendar year 2019. 
(6) the term ‘‘Secretary’’ means the Secretary 
of the Treasury. 
(b) PAYROLL SUPPORT GRANTS.— 
(1) IN
GENERAL.—To preserve aviation jobs 
and compensate air carrier industry workers, the 
Secretary shall make available to eligible air carriers 
and eligible contractors, financial assistance exclu-
sively for the continuation of payment of employee 
wages, salaries, and benefits to— 
(A) eligible air carriers, in an aggregate 
amount of $14,000,000,000; and 
(B) eligible contractors, in an aggregate 
amount of $1,000,000,000. 
(2) APPORTIONMENTS.— 
(A) IN GENERAL.—The Secretary shall ap-
portion funds to eligible air carriers and eligible 
contractors in accordance with the requirements 
of this section not later than April 15, 2021. 
(B) ELIGIBLE
AIR
CARRIERS.—The Sec-
retary shall apportion funds made available 
under paragraph (1)(A) to each eligible air car-
rier in the ratio that—
271 
$15,000,000,000, to remain available until expended, to 
carry out this section. 
TITLE V—COMMITTEE ON 
OVERSIGHT AND REFORM 
Subtitle A—Coronavirus State and 
Local Fiscal Recovery Funds 
SEC. 5001. CORONAVIRUS STATE AND LOCAL FISCAL RE-
COVERY FUNDS. 
(a) IN GENERAL.—Title VI of the Social Security Act 
(42 U.S.C. 801 et seq.) is amended by adding at the end 
the following: 
‘‘SEC. 602. CORONAVIRUS STATE FISCAL RECOVERY FUND. 
‘‘(a) APPROPRIATION.—In addition to amounts oth-
erwise available, there is appropriated for fiscal year 2021, 
out of any money in the Treasury not otherwise appro-
priated, $219,800,000,000, to remain available until ex-
pended, for making payments under this section to States, 
territories, and Tribal governments to mitigate the fiscal 
effects stemming from the public health emergency with 
respect to the Coronavirus Disease (COVID–19). 
‘‘(b) AUTHORITY TO MAKE PAYMENTS.— 
‘‘(1) PAYMENTS TO TERRITORIES.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
reserve $4,500,000,000 of the amount appro-