† HR 748 EAS 
Sec. 1103. Entrepreneurial development. 
Sec. 1104. State trade expansion program. 
Sec. 1105. Waiver of matching funds requirement under the women’s business 
center program. 
Sec. 1106. Loan forgiveness. 
Sec. 1107. Direct appropriations. 
Sec. 1108. Minority business development agency. 
Sec. 1109. United States Treasury Program Management Authority. 
Sec. 1110. Emergency EIDL grants. 
Sec. 1111. Resources and services in languages other than English. 
Sec. 1112. Subsidy for certain loan payments. 
Sec. 1113. Bankruptcy. 
Sec. 1114. Emergency rulemaking authority. 
TITLE II—ASSISTANCE FOR AMERICAN WORKERS, FAMILIES, AND 
BUSINESSES 
Subtitle A—Unemployment Insurance Provisions 
Sec. 2101. Short title. 
Sec. 2102. Pandemic Unemployment Assistance. 
Sec. 2103. Emergency unemployment relief for governmental entities and non-
profit organizations. 
Sec. 2104. Emergency increase in unemployment compensation benefits. 
Sec. 2105. Temporary full Federal funding of the first week of compensable reg-
ular unemployment for States with no waiting week. 
Sec. 2106. Emergency State staffing flexibility. 
Sec. 2107. Pandemic emergency unemployment compensation. 
Sec. 2108. Temporary financing of short-time compensation payments in States 
with programs in law. 
Sec. 2109. Temporary financing of short-time compensation agreements. 
Sec. 2110. Grants for short-time compensation programs. 
Sec. 2111. Assistance and guidance in implementing programs. 
Sec. 2112. Waiver of the 7-day waiting period for benefits under the Railroad 
Unemployment Insurance Act. 
Sec. 2113. Enhanced benefits under the Railroad Unemployment Insurance Act. 
Sec. 2114. Extended unemployment benefits under the Railroad Unemployment 
Insurance Act. 
Sec. 2115. Funding for the DOL Office of Inspector General for oversight of un-
employment provisions. 
Sec. 2116. Implementation. 
Subtitle B—Rebates and Other Individual Provisions 
Sec. 2201. 2020 recovery rebates for individuals. 
Sec. 2202. Special rules for use of retirement funds. 
Sec. 2203. Temporary waiver of required minimum distribution rules for certain 
retirement plans and accounts. 
Sec. 2204. Allowance of partial above the line deduction for charitable contribu-
tions. 
Sec. 2205. Modification of limitations on charitable contributions during 2020. 
Sec. 2206. Exclusion for certain employer payments of student loans. 
Subtitle C—Business Provisions 
Sec. 2301. Employee retention credit for employers subject to closure due to 
COVID–19.
† HR 748 EAS 
Sec. 2302. Delay of payment of employer payroll taxes. 
Sec. 2303. Modifications for net operating losses. 
Sec. 2304. Modification of limitation on losses for taxpayers other than corpora-
tions. 
Sec. 2305. Modification of credit for prior year minimum tax liability of cor-
porations. 
Sec. 2306. Modifications of limitation on business interest. 
Sec. 2307. Technical amendments regarding qualified improvement property. 
Sec. 2308. Temporary exception from excise tax for alcohol used to produce hand 
sanitizer. 
TITLE III—SUPPORTING AMERICA’S HEALTH CARE SYSTEM IN THE 
FIGHT AGAINST THE CORONAVIRUS 
Subtitle A—Health Provisions 
Sec. 3001. Short title. 
PART I—ADDRESSING SUPPLY SHORTAGES 
SUBPART A—MEDICAL PRODUCT SUPPLIES 
Sec. 3101. National Academies report on America’s medical product supply chain 
security. 
Sec. 3102. Requiring the strategic national stockpile to include certain types of 
medical supplies. 
Sec. 3103. Treatment of respiratory protective devices as covered countermeasures. 
SUBPART B—MITIGATING EMERGENCY DRUG SHORTAGES 
Sec. 3111. Prioritize reviews of drug applications; incentives. 
Sec. 3112. Additional manufacturer reporting requirements in response to drug 
shortages. 
SUBPART C—PREVENTING MEDICAL DEVICE SHORTAGES 
Sec. 3121. Discontinuance or interruption in the production of medical devices. 
PART II—ACCESS TO HEALTH CARE FOR COVID–19 PATIENTS 
SUBPART A—COVERAGE OF TESTING AND PREVENTIVE SERVICES 
Sec. 3201. Coverage of diagnostic testing for COVID–19. 
Sec. 3202. Pricing of diagnostic testing. 
Sec. 3203. Rapid coverage of preventive services and vaccines for coronavirus. 
SUBPART B—SUPPORT FOR HEALTH CARE PROVIDERS 
Sec. 3211. Supplemental awards for health centers. 
Sec. 3212. Telehealth network and telehealth resource centers grant programs. 
Sec. 3213. Rural health care services outreach, rural health network development, 
and small health care provider quality improvement grant pro-
grams. 
Sec. 3214. United States Public Health Service Modernization. 
Sec. 3215. Limitation on liability for volunteer health care professionals during 
COVID–19 emergency response. 
Sec. 3216. Flexibility for members of National Health Service Corps during emer-
gency period.
† HR 748 EAS 
SUBPART C—MISCELLANEOUS PROVISIONS 
Sec. 3221. Confidentiality and disclosure of records relating to substance use dis-
order. 
Sec. 3222. Nutrition services. 
Sec. 3223. Continuity of service and opportunities for participants in community 
service activities under title V of the Older Americans Act of 
1965. 
Sec. 3224. Guidance on protected health information. 
Sec. 3225. Reauthorization of healthy start program. 
Sec. 3226. Importance of the blood supply. 
PART III—INNOVATION 
Sec. 3301. Removing the cap on OTA during public health emergencies. 
Sec. 3302. Priority zoonotic animal drugs. 
PART IV—HEALTH CARE WORKFORCE 
Sec. 3401. Reauthorization of health professions workforce programs. 
Sec. 3402. Health workforce coordination. 
Sec. 3403. Education and training relating to geriatrics. 
Sec. 3404. Nursing workforce development. 
Subtitle B—Education Provisions 
Sec. 3501. Short title. 
Sec. 3502. Definitions. 
Sec. 3503. Campus-based aid waivers. 
Sec. 3504. Use of supplemental educational opportunity grants for emergency aid. 
Sec. 3505. Federal work-study during a qualifying emergency. 
Sec. 3506. Adjustment of subsidized loan usage limits. 
Sec. 3507. Exclusion from Federal Pell Grant duration limit. 
Sec. 3508. Institutional refunds and Federal student loan flexibility. 
Sec. 3509. Satisfactory academic progress. 
Sec. 3510. Continuing education at affected foreign institutions. 
Sec. 3511. National emergency educational waivers. 
Sec. 3512. HBCU Capital financing. 
Sec. 3513. Temporary relief for federal student loan borrowers. 
Sec. 3514. Provisions related to the Corporation for National and Community 
Service. 
Sec. 3515. Workforce response activities. 
Sec. 3516. Technical amendments. 
Sec. 3517. Waiver authority and reporting requirement for institutional aid. 
Sec. 3518. Authorized uses and other modifications for grants. 
Sec. 3519. Service obligations for teachers. 
Subtitle C—Labor Provisions 
Sec. 3601. Limitation on paid leave. 
Sec. 3602. Emergency Paid Sick Leave Act Limitation. 
Sec. 3603. Unemployment insurance. 
Sec. 3604. OMB Waiver of Paid Family and Paid Sick Leave. 
Sec. 3605. Paid leave for rehired employees. 
Sec. 3606. Advance refunding of credits. 
Sec. 3607. Expansion of DOL Authority to postpone certain deadlines. 
Sec. 3608. Single-employer plan funding rules.
† HR 748 EAS 
Sec. 3609. Application of cooperative and small employer charity pension plan 
rules to certain charitable employers whose primary exempt pur-
pose is providing services with respect to mothers and children. 
Sec. 3610. Federal contractor authority. 
Sec. 3611. Technical corrections. 
Subtitle D—Finance Committee 
Sec. 3701. Exemption for telehealth services. 
Sec. 3702. Inclusion of certain over-the-counter medical products as qualified 
medical expenses. 
Sec. 3703. Increasing Medicare telehealth flexibilities during emergency period. 
Sec. 3704. Enhancing Medicare telehealth services for Federally qualified health 
centers and rural health clinics during emergency period. 
Sec. 3705. Temporary waiver of requirement for face-to-face visits between home 
dialysis patients and physicians. 
Sec. 3706. Use of telehealth to conduct face-to-face encounter prior to recertifi-
cation of eligibility for hospice care during emergency period. 
Sec. 3707. Encouraging use of telecommunications systems for home health serv-
ices furnished during emergency period. 
Sec. 3708. Improving care planning for Medicare home health services. 
Sec. 3709. Adjustment of sequestration. 
Sec. 3710. Medicare hospital inpatient prospective payment system add-on pay-
ment for COVID–19 patients during emergency period. 
Sec. 3711. Increasing access to post-acute care during emergency period. 
Sec. 3712. Revising payment rates for durable medical equipment under the 
Medicare program through duration of emergency period. 
Sec. 3713. Coverage of the COVID–19 vaccine under part B of the Medicare pro-
gram without any cost-sharing. 
Sec. 3714. Requiring Medicare prescription drug plans and MA–PD plans to 
allow during the COVID–19 emergency period for fills and re-
fills of covered part D drugs for up to a 3-month supply. 
Sec. 3715. Providing home and community-based services in acute care hospitals. 
Sec. 3716. Clarification regarding uninsured individuals. 
Sec. 3717. Clarification regarding coverage of COVID–19 testing products. 
Sec. 3718. Amendments relating to reporting requirements with respect to clinical 
diagnostic laboratory tests. 
Sec. 3719. Expansion of the Medicare hospital accelerated payment program dur-
ing the COVID–19 public health emergency. 
Sec. 3720. Delaying requirements for enhanced FMAP to enable State legislation 
necessary for compliance. 
Subtitle E—Health and Human Services Extenders 
PART I—MEDICARE PROVISIONS 
Sec. 3801. Extension of the work geographic index floor under the Medicare pro-
gram. 
Sec. 3802. Extension of funding for quality measure endorsement, input, and se-
lection. 
Sec. 3803. Extension of funding outreach and assistance for low-income pro-
grams. 
PART II—MEDICAID PROVISIONS 
Sec. 3811. Extension of the Money Follows the Person rebalancing demonstration 
program.
† HR 748 EAS 
Sec. 3812. Extension of spousal impoverishment protections. 
Sec. 3813. Delay of DSH reductions. 
Sec. 3814. Extension and expansion of Community Mental Health Services dem-
onstration program. 
PART III—HUMAN SERVICES AND OTHER HEALTH PROGRAMS 
Sec. 3821. Extension of sexual risk avoidance education program. 
Sec. 3822. Extension of personal responsibility education program. 
Sec. 3823. Extension of demonstration projects to address health professions work-
force needs. 
Sec. 3824. Extension of the temporary assistance for needy families program and 
related programs. 
PART IV—PUBLIC HEALTH PROVISIONS 
Sec. 3831. Extension for community health centers, the National Health Service 
Corps, and teaching health centers that operate GME programs. 
Sec. 3832. Diabetes programs. 
PART V—MISCELLANEOUS PROVISIONS 
Sec. 3841. Prevention of duplicate appropriations for fiscal year 2020. 
Subtitle F—Over-the-Counter Drugs 
PART I—OTC DRUG REVIEW 
Sec. 3851. Regulation of certain nonprescription drugs that are marketed without 
an approved drug application. 
Sec. 3852. Misbranding. 
Sec. 3853. Drugs excluded from the over-the-counter drug review. 
Sec. 3854. Treatment of Sunscreen Innovation Act. 
Sec. 3855. Annual update to Congress on appropriate pediatric indication for 
certain OTC cough and cold drugs. 
Sec. 3856. Technical corrections. 
PART II—USER FEES 
Sec. 3861. Finding. 
Sec. 3862. Fees relating to over-the-counter drugs. 
TITLE IV—ECONOMIC STABILIZATION AND ASSISTANCE TO SE-
VERELY DISTRESSED SECTORS OF THE UNITED STATES ECON-
OMY 
Subtitle A—Coronavirus Economic Stabilization Act of 2020 
Sec. 4001. Short title. 
Sec. 4002. Definitions. 
Sec. 4003. Emergency relief and taxpayer protections. 
Sec. 4004. Limitation on certain employee compensation. 
Sec. 4005. Continuation of certain air service. 
Sec. 4006. Coordination with Secretary of Transportation. 
Sec. 4007. Suspension of certain aviation excise taxes. 
Sec. 4008. Debt guarantee authority. 
Sec. 4009. Temporary Government in the Sunshine Act relief. 
Sec. 4010. Temporary hiring flexibility.
† HR 748 EAS 
Sec. 4011. Temporary lending limit waiver. 
Sec. 4012. Temporary relief for community banks. 
Sec. 4013. Temporary relief from troubled debt restructurings. 
Sec. 4014. Optional temporary relief from current expected credit losses. 
Sec. 4015. Non-applicability of restrictions on ESF during national emergency. 
Sec. 4016. Temporary credit union provisions. 
Sec. 4017. Increasing access to materials necessary for national security and pan-
demic recovery. 
Sec. 4018. Special Inspector General for Pandemic Recovery. 
Sec. 4019. Conflicts of interest. 
Sec. 4020. Congressional Oversight Commission. 
Sec. 4021. Credit protection during COVID–19. 
Sec. 4022. Foreclosure moratorium and consumer right to request forbearance. 
Sec. 4023. Forbearance of residential mortgage loan payments for multifamily 
properties with federally backed loans. 
Sec. 4024. Temporary moratorium on eviction filings. 
Sec. 4025. Protection of collective bargaining agreement. 
Sec. 4026. Reports. 
Sec. 4027. Direct appropriation. 
Sec. 4028. Rule of construction. 
Sec. 4029. Termination of authority. 
Subtitle B—Air Carrier Worker Support 
Sec. 4111. Definitions. 
Sec. 4112. Pandemic relief for aviation workers. 
Sec. 4113. Procedures for providing payroll support. 
Sec. 4114. Required assurances. 
Sec. 4115. Protection of collective bargaining agreement. 
Sec. 4116. Limitation on certain employee compensation. 
Sec. 4117. Tax payer protection. 
Sec. 4118. Reports. 
Sec. 4119. Coordination. 
Sec. 4120. Direct appropriation. 
TITLE V—CORONAVIRUS RELIEF FUNDS 
Sec. 5001. Coronavirus Relief Fund. 
TITLE VI—MISCELLANEOUS PROVISIONS 
Sec. 6001. COVID–19 borrowing authority for the United States Postal Service. 
Sec. 6002. Emergency designation. 
DIVISION B—EMERGENCY APPROPRIATIONS FOR CORONAVIRUS 
HEALTH RESPONSE AND AGENCY OPERATIONS 
SEC. 3. REFERENCES. 
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 divi-
sion.
† HR 748 EAS 
DIVISION A—KEEPING WORKERS 
PAID 
AND 
EMPLOYED, 
HEALTH CARE SYSTEM EN-
HANCEMENTS, 
AND 
ECO-
NOMIC STABILIZATION 
TITLE 
I—KEEPING 
AMERICAN 
WORKERS 
PAID 
AND 
EM-
PLOYED ACT 
SEC. 1101. DEFINITIONS. 
In this title— 
(1) the terms ‘‘Administration’’ and ‘‘Adminis-
trator’’ 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). 
SEC. 1102. PAYCHECK PROTECTION PROGRAM. 
(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 pre-
ceding clause (i), by striking ‘‘and (E)’’ and in-
serting ‘‘(E), and (F)’’; and 
(B) by adding at the end the following:
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‘‘(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 Admin-
istration 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 in-
stitution’ 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 re-
ceive a covered loan; 
‘‘(v) the term ‘eligible self-employed in-
dividual’ has the meaning given the term in 
section 7002(b) of the Families First
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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 tax-
ation 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 com-
pensation; 
‘‘(BB) payment of cash 
tip or equivalent; 
‘‘(CC) payment for va-
cation, 
parental, 
family, 
medical, or sick leave;
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‘‘(DD) 
allowance 
for 
dismissal or separation; 
‘‘(EE) 
payment 
re-
quired for the provisions of 
group health care benefits, 
including 
insurance 
pre-
miums; 
‘‘(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, com-
mission, 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—
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‘‘(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 with-
held 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 al-
lowed under section 7001 of the 
Families First Coronavirus Re-
sponse Act (Public Law 116–127); 
or 
‘‘(ee) qualified family leave 
wages for which a credit is al-
lowed under section 7003 of the 
Families First Coronavirus Re-
sponse Act (Public Law 116–127); 
and
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‘‘(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.—Ex-
cept 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 con-
cerns, any business concern, nonprofit orga-
nization, veterans organization, or Tribal 
business 
concern 
described 
in 
section 
31(b)(2)(C) shall be eligible to receive a cov-
ered loan if the business concern, nonprofit
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organization, 
veterans 
organization, 
or 
Tribal business concern employs not more 
than the greater of— 
‘‘(I) 500 employees; or 
‘‘(II) if applicable, the size stand-
ard in number of employees established 
by the Administration for the industry 
in which the business concern, non-
profit organization, veterans organiza-
tion, or Tribal business concern oper-
ates. 
‘‘(ii) INCLUSION
OF
SOLE
PROPRI-
ETORS, INDEPENDENT
CONTRACTORS, AND 
ELIGIBLE SELF-EMPLOYED INDIVIDUALS.— 
‘‘(I) IN
GENERAL.—During the 
covered period, individuals who oper-
ate under a sole proprietorship or as 
an independent contractor and eligible 
self-employed individuals shall be eligi-
ble to receive a covered loan. 
‘‘(II) DOCUMENTATION.—An eligi-
ble self-employed individual, inde-
pendent contractor, or sole proprietor-
ship seeking a covered loan shall sub-
mit such documentation as is necessary
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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 deter-
mined by the Administrator and the 
Secretary. 
‘‘(iii) 
BUSINESS
CONCERNS
WITH 
MORE THAN 1 PHYSICAL LOCATION.—Dur-
ing 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 In-
dustry Classification System code beginning 
with 72 at the time of disbursal shall be eli-
gible 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
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of the date on which the covered loan 
is disbursed, is assigned a North Amer-
ican Industry Classification System 
code beginning with 72; 
‘‘(II) any business concern oper-
ating as a franchise that is assigned a 
franchise identifier code by the Admin-
istration; 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 de-
termining whether a business concern, non-
profit organization, veterans organization, 
or Tribal business concern described in sec-
tion 31(b)(2)(C) employs not more than 500 
employees under clause (i)(I), the term ‘em-
ployee’ 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 Regula-
tions, or any successor thereto, shall apply
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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 appli-
cant 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 em-
ployer, as determined by the Ad-
ministrator, the average total 
monthly payments for payroll 
shall be for the 12-week period be-
ginning February 15, 2019, or at 
the election of the eligible recipi-
† HR 748 EAS 
ent, 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 eligi-
ble recipient that was not in business dur-
ing 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 appli-
cant for payroll costs incurred 
during the period beginning on 
January 1, 2020 and ending on 
February 29, 2020; by 
‘‘(BB) 2.5; and
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‘‘(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 addi-
tion 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 continu-
ation of group health care benefits dur-
ing periods of paid sick, medical, or 
family leave, and insurance premiums; 
‘‘(III) employee salaries, commis-
sions, or similar compensations; 
‘‘(IV) payments of interest on any 
mortgage obligation (which shall not
† HR 748 EAS 
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 pur-
poses described in clause (i), a lender 
approved to make loans under this sub-
section shall be deemed to have been 
delegated authority by the Adminis-
trator to make and approve covered 
loans, subject to the provisions of this 
paragraph. 
‘‘(II) CONSIDERATIONS.—In eval-
uating the eligibility of a borrower for 
a covered loan with the terms described 
in this paragraph, a lender shall con-
sider whether the borrower— 
‘‘(aa) was in operation on 
February 15, 2020; and
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‘‘(bb)(AA) had employees for 
whom the borrower paid salaries 
and payroll taxes; or 
‘‘(BB) paid independent con-
tractors, as reported on a Form 
1099–MISC. 
‘‘(iii) ADDITIONAL LENDERS.—The au-
thority to make loans under this paragraph 
shall be extended to additional lenders de-
termined by the Administrator and the Sec-
retary 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 begin-
ning 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 re-
quirement or collateral under subparagraph 
(J), the Administrator shall have no re-
course against any individual shareholder,
† HR 748 EAS 
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 au-
thorized under clause (i). 
‘‘(G) BORROWER REQUIREMENTS.— 
‘‘(i) CERTIFICATION.—An eligible re-
cipient applying for a covered loan shall 
make a good faith certification— 
‘‘(I) that the uncertainty of cur-
rent economic conditions makes nec-
essary the loan request to support the 
ongoing operations of the eligible re-
cipient; 
‘‘(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
† HR 748 EAS 
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 re-
cipient 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 pe-
riod, with respect to a covered loan— 
‘‘(i) in lieu of the fee otherwise appli-
cable under paragraph (23)(A), the Admin-
istrator shall collect no fee; and 
‘‘(ii) in lieu of the fee otherwise appli-
cable under paragraph (18)(A), the Admin-
istrator shall collect no fee. 
‘‘(I) CREDIT ELSEWHERE.—During the cov-
ered period, the requirement that a small busi-
ness 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 RE-
QUIREMENT.—During the covered period, with 
respect to a covered loan—
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‘‘(i) no personal guarantee shall be re-
quired for the covered loan; and 
‘‘(ii) no collateral shall be required for 
the covered loan. 
‘‘(K) MATURITY FOR LOANS WITH REMAIN-
ING BALANCE AFTER APPLICATION OF FORGIVE-
NESS.—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 con-
tinue to be guaranteed by the Administra-
tion 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 ex-
ceed 4 percent. 
‘‘(M) LOAN DEFERMENT.— 
‘‘(i) DEFINITION
OF
IMPACTED
BOR-
ROWER.— 
‘‘(I) IN
GENERAL.—In this sub-
paragraph, the term ‘impacted bor-
† HR 748 EAS 
rower’ means an eligible recipient 
that— 
‘‘(aa) is in operation on Feb-
ruary 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 para-
graph. 
‘‘(II) PRESUMPTION.—For pur-
poses of this subparagraph, an im-
pacted borrower is presumed to have 
been adversely impacted by COVID– 
19. 
‘‘(ii) DEFERRAL.—During the covered 
period, the Administrator shall— 
‘‘(I) consider each eligible recipi-
ent 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
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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 bor-
rower 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 cov-
ered loan shall be eligible to be sold in the sec-
ondary market consistent with this subsection. 
The Administrator may not collect any fee for 
any guarantee sold into the secondary market 
under this subparagraph.
† HR 748 EAS 
‘‘(O) 
REGULATORY
CAPITAL
REQUIRE-
MENTS.— 
‘‘(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 require-
ments, 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 in-
stitution 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 Sub-
topic 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 Fed-
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eral banking agency or the National Credit 
Union Administration Board, as applica-
ble, 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 bal-
ance 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 as-
sists an eligible recipient to prepare an ap-
plication for a covered loan may not collect 
a fee in excess of the limits established by 
the Administrator. 
‘‘(iii) TIMING.—A reimbursement de-
scribed in clause (i) shall be made not later
† HR 748 EAS 
than 5 days after the disbursement of the 
covered loan. 
‘‘(iv) SENSE OF THE SENATE.—It is 
the sense of the Senate that the Adminis-
trator should issue guidance to lenders and 
agents to ensure that the processing and dis-
bursement of covered loans prioritizes small 
business concerns and entities in under-
served and rural markets, including vet-
erans and members of the military commu-
nity, small business concerns owned and 
controlled by socially and economically dis-
advantaged individuals (as defined in sec-
tion 8(d)(3)(C)), women, and businesses in 
operation for less than 2 years. 
‘‘(Q) DUPLICATION.—Nothing in this para-
graph 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 cov-
ered loans are made available that is for a pur-
pose other than paying payroll costs and other 
obligations described in subparagraph (F) from 
receiving assistance under this paragraph.
† HR 748 EAS 
‘‘(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 pe-
riod 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)), includ-
ing 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 PRO-
GRAM ACCOUNT’’ under the heading ‘‘SMALL BUSI-
NESS ADMINISTRATION’’ under title V of the Consoli-
dated 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’’.
† HR 748 EAS 
(2) PROSPECTIVE REPEAL.—Effective on Janu-
ary 1, 2021, section 7(a)(31)(D) of the Small Busi-
ness 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 enact-
ment of this Act, the interim final rule published by the 
Administrator entitled ‘‘Express Loan Programs: Affili-
ation Standards’’ (85 Fed. Reg. 7622 (February 10, 2020)) 
is permanently rescinded and shall have no force or effect. 
SEC. 1103. ENTREPRENEURIAL DEVELOPMENT. 
(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;
† HR 748 EAS 
(ii) quality, including shortages in 
supply for quality control reasons; and 
(iii) technology, including a com-
promised payment network; 
(B) staffing challenges; 
(C) a decrease in gross receipts or cus-
tomers; 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 pro-
vide financial assistance in the form of grants to re-
source partners to provide education, training, and 
advising to covered small business concerns. 
(2) USE
OF
FUNDS.—Grants under this sub-
section shall be used for the education, training, and
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advising of covered small business concerns and their 
employees on— 
(A) accessing and applying for resources 
provided by the Administration and other Fed-
eral resources relating to access to capital and 
business resiliency; 
(B) the hazards and prevention of the trans-
mission 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 miti-
gation 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 busi-
ness concerns during COVID–19 or similar oc-
currences; and
† HR 748 EAS 
(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 CEN-
TERS.—The Administration shall award 80 per-
cent of funds authorized to carry out this sub-
section 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 wom-
en’s business centers, which shall be awarded 
pursuant to a process established by the Admin-
istration in consultation with recipients of as-
sistance. 
(C) NO
MATCHING
FUNDS
REQUIRED.— 
Matching funds shall not be required for any 
grant under this subsection. 
(4) GOALS AND METRICS.—
† HR 748 EAS 
(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, be-
tween the resource partners and the Adminis-
trator, which shall— 
(i) take into consideration the extent of 
the circumstances relating to the spread of 
COVID–19, or similar occurrences, that af-
fect 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 re-
strict the activities of resource partners in 
responding to unique situations; and 
(iii) encourage resource partners to de-
velop and provide services to covered small 
business concerns. 
(B) PUBLIC AVAILABILITY.—The Adminis-
trator shall make publicly available the method-
ology by which the Administrator and resource 
partners jointly develop the metrics and goals de-
scribed in subparagraph (A).
† HR 748 EAS 
(c) RESOURCE PARTNER ASSOCIATION GRANTS.— 
(1) IN GENERAL.—The Administrator may pro-
vide grants to an association or associations rep-
resenting resource partners under which the associa-
tion or associations shall establish a single centralized 
hub for COVID–19 information, which shall in-
clude— 
(A) 1 online platform that consolidates re-
sources and information available across mul-
tiple 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 busi-
ness outreach centers described in section 32 of 
the Small Business Act (15 U.S.C. 657b) on the 
resources and information described in subpara-
graph (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 as-
† HR 748 EAS 
sociation 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 Ad-
ministrator shall submit to the Committee on Small Busi-
ness 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 re-
source partners under subsection (b); 
(B) the initial efforts to provide those serv-
ices under subsection (b); and 
(C) the online platform and training devel-
oped 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)—
† HR 748 EAS 
(i) the efforts of the Administrator and 
resource partners to develop services to as-
sist 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 perform-
ance 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
† HR 748 EAS 
(ii) the efforts of the Administrator 
and the association or associations to de-
velop a training program for resource part-
ner counselors, including the number of 
counselors trained. 
SEC. 1104. STATE TRADE EXPANSION PROGRAM. 
(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 reim-
burse 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 exhi-
bition that was cancelled solely due to a public health emer-
gency declared due to COVID–19 if the reimbursement does 
not exceed a recipient’s grant funding. 
SEC. 1105. WAIVER OF MATCHING FUNDS REQUIREMENT 
UNDER THE WOMEN’S BUSINESS CENTER 
PROGRAM. 
During the 3-month period beginning on the date of 
enactment of this Act, the requirement relating to obtaining
† HR 748 EAS 
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. 
SEC. 1106. LOAN FORGIVENESS. 
(a) DEFINITIONS.—In this section— 
(1) the term ‘‘covered loan’’ means a loan guar-
anteed 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 prop-
erty; 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 be-
fore February 15, 2020; 
(5) the term ‘‘covered utility payment’’ means 
payment for a service for the distribution of elec-
† HR 748 EAS 
tricity, gas, water, transportation, telephone, or inter-
net access for which service began before February 15, 
2020; 
(6) the term ‘‘eligible recipient’’ means the re-
cipient of a covered loan; 
(7) the term ‘‘expected forgiveness amount’’ 
means the amount of principal that a lender reason-
ably 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 cov-
ered mortgage obligation); 
(C) payments on any covered rent obliga-
tion; 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 eligi-
ble 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:
† HR 748 EAS 
(1) Payroll costs. 
(2) Any payment of interest on any covered 
mortgage obligation (which shall not include any pre-
payment 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 for-
given 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.
† HR 748 EAS 
(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 Ad-
ministrator, a third party participant in the 
secondary market, may, report to the Adminis-
trator an expected forgiveness amount on a cov-
ered 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 de-
scribed 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 Adminis-
trator 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
† HR 748 EAS 
not exceed the principal amount of the financing 
made available under the applicable covered loan. 
(2) REDUCTION BASED ON REDUCTION IN NUM-
BER OF EMPLOYEES.— 
(A) IN GENERAL.—The amount of loan for-
giveness under this section shall be reduced, but 
not increased, by multiplying the amount de-
scribed 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 dur-
ing 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 dur-
ing the period beginning on January
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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 for-
giveness under this section shall be reduced by 
the amount of any reduction in total salary or 
wages of any employee described in subpara-
graph (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 quar-
† HR 748 EAS 
ter during which the employee was employed be-
fore the covered period. 
(B) EMPLOYEES DESCRIBED.—An employee 
described in this subparagraph is any employee 
who did not receive, during any single pay pe-
riod 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 de-
scribed 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 re-
cipient 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.
† HR 748 EAS 
(B) CIRCUMSTANCES.—A circumstance de-
scribed 
in 
this 
subparagraph 
is 
a 
cir-
cumstance— 
(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 re-
duction, as compared to February 15, 
2020, in the number of full-time equiv-
alent 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 re-
duction, as compared to February 15, 
2020, in the salary or wages of 1 or 
more employees of the eligible recipi-
ent; and
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(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 require-
ments 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), includ-
ing— 
(A) payroll tax filings reported to the Inter-
nal Revenue Service; and 
(B) State income, payroll, and unemploy-
ment insurance filings; 
(2) documentation, including cancelled checks, 
payment receipts, transcripts of accounts, or other 
documents verifying payments on covered mortgage
† HR 748 EAS 
obligations, payments on covered lease obligations, 
and covered utility payments; 
(3) a certification from a representative of the el-
igible recipient authorized to make such certifications 
that— 
(A) the documentation presented is true and 
correct; and 
(B) the amount for which forgiveness is re-
quested was used to retain employees, make in-
terest payments on a covered mortgage obliga-
tion, make payments on a covered rent obliga-
tion, or make covered utility payments; and 
(4) any other documentation the Administrator 
determines necessary. 
(f) PROHIBITION ON FORGIVENESS WITHOUT DOCU-
MENTATION.—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 forgive-
ness 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
† HR 748 EAS 
recipient attesting that the eligible recipient has accurately 
verified the payments for payroll costs, payments on covered 
mortgage obligations, payments on covered lease obliga-
tions, 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 for-
giveness 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 pen-
alties by the Administrator relating to loan forgive-
ness 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 Rev-
enue Code of 1986, any amount which (but for this sub-
section) 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 in-
debtedness on a covered loan under this section shall not
† HR 748 EAS 
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. 
SEC. 1107. DIRECT APPROPRIATIONS. 
(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 avail-
able 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 Busi-
ness Administration—Office of Inspector General’’, to 
remain available until September 30, 2024, for nec-
essary 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.);
† HR 748 EAS 
(4) $265,000,000 under the heading ‘‘Small 
Business Administration—Entrepreneurial Develop-
ment 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 Agen-
cy’’ for minority business centers of the Minority 
Business Development Agency to provide technical as-
sistance 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 sec-
tion 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 begin-
ning on the date of enactment of this Act and ending on
† HR 748 EAS 
September 30, 2021, guarantees of trust certificates author-
ized 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 Representa-
tives a detailed expenditure plan for using the amounts ap-
propriated to the Administration under subsection (a). 
SEC. 1108. MINORITY BUSINESS DEVELOPMENT AGENCY. 
(a) DEFINITIONS.—In this section— 
(1) the term ‘‘Agency’’ means the Minority Busi-
ness Development Agency of the Department of Com-
merce; 
(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 indi-
viduals, as determined by the Agency; and 
(B) the management and daily business op-
erations of which are controlled by 1 or more so-
† HR 748 EAS 
cially 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 fi-
nancial assistance in the form of grants to minority 
business centers and minority chambers of commerce 
to provide education, training, and advising to mi-
nority 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 re-
sources relating to access to capital and business 
resiliency; 
(B) the hazards and prevention of the trans-
mission 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
† HR 748 EAS 
of minority business enterprises and the mitiga-
tion 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 occur-
rences; 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, be-
† HR 748 EAS 
tween 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 af-
fect minority business enterprises located in 
the areas covered by minority business cen-
ters 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 re-
strict the activities of minority business 
centers and minority chambers of commerce 
in responding to unique situations; and 
(iii) encourage minority business cen-
ters 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
† HR 748 EAS 
the metrics and goals described in subparagraph 
(A). 
(c) WAIVERS.— 
(1) IN
GENERAL.—Notwithstanding any other 
provision of law or regulation, the Agency may, dur-
ing the 3-month period that begins on the date of en-
actment 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 applica-
ble 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 de-
cides not to collect fees because of the economic con-
sequences of COVID–19, the center shall be considered 
to be in compliance with that agreement if— 
(A) the center notifies the Agency with re-
spect to that decision, which the center may pro-
vide through electronic mail; and
† HR 748 EAS 
(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 Agen-
cy shall submit to the Committee on Small Business and 
Entrepreneurship and the Committee on Commerce, 
Science, and Transportation of the Senate and the Com-
mittee 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 ini-
tial 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 serv-
ices under subsection (b); and 
(2) with respect to subsequent years covered by 
the report—
† HR 748 EAS 
(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 mi-
nority 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 mi-
nority chambers of commerce; and 
(iv) other relevant outcome perform-
ance data with respect to minority business 
enterprises, including the number of em-
ployees affected, the effect on sales, the dis-
ruptions of supply chains, and the efforts 
made by the Agency, minority business cen-
ters, and minority chambers of commerce to 
mitigate these effects .
† HR 748 EAS 
(e) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated $10,000,000 to carry out this 
section, to remain available until expended. 
SEC. 1109. UNITED STATES TREASURY PROGRAM MANAGE-
MENT AUTHORITY. 
(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 con-
sultation with the Administrator, and the Chairman of the 
Farm Credit Administration shall establish criteria for in-
sured depository institutions, insured credit unions, insti-
tutions 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 pay-
check protection program to provide loans under this sec-
† HR 748 EAS 
tion until the date on which the national emergency de-
clared 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 partici-
pate in the program established under this section if par-
ticipation does not affect the safety and soundness of the 
institution or lender, as determined by the Secretary in con-
sultation with the appropriate Federal banking agencies or 
the National Credit Union Administration Board, as appli-
cable. 
(d) REGULATIONS FOR LENDERS AND LOANS.— 
(1) IN GENERAL.—The Secretary may issue reg-
ulations 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 condi-
tions concerning compensation, underwriting 
standards, interest rates, and maturity.
† HR 748 EAS 
(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 avail-
able 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 max-
imum extent practicable, are consistent with the 
terms and conditions required under the fol-
lowing 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.
† HR 748 EAS 
(C) A guarantee percentage that, to the 
maximum extent practicable, is consistent with 
the guarantee percentage required under sub-
paragraph (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 con-
ditions 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 Sec-
retary 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, un-
derwriting 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
† HR 748 EAS 
(2) has not received such a loan during the pe-
riod 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 pro-
gram 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). 
SEC. 1110. EMERGENCY EIDL GRANTS. 
(a) DEFINITIONS.—In this section—
† HR 748 EAS 
(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 sec-
tion 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 deter-
mine an applicant’s ability to repay.
† HR 748 EAS 
(e) EMERGENCY GRANT.— 
(1) IN GENERAL.—During the covered period, an 
entity included for eligibility in subsection (b), in-
cluding small business concerns, private nonprofit or-
ganizations, 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 pro-
vide an advance that is, subject to paragraph (3), in 
the amount requested by such applicant to such appli-
cant 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 pro-
vided 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
† HR 748 EAS 
Small Business Act (15 U.S.C. 636(b)(2)), includ-
ing— 
(A) providing paid sick leave to employees 
unable to work due to the direct effect of the 
COVID–19; 
(B) maintaining payroll to retain employ-
ees during business disruptions or substantial 
slowdowns; 
(C) meeting increased costs to obtain mate-
rials 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 re-
quired 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 trans-
fers 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
† HR 748 EAS 
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 Admin-
istration $10,000,000,000 to carry out this subsection. 
(8) TERMINATION.—The authority to carry out 
grants under this subsection shall terminate on De-
cember 31, 2020. 
(f) EMERGENCIES INVOLVING FEDERAL PRIMARY RE-
SPONSIBILITY QUALIFYING FOR SBA ASSISTANCE.—Sec-
tion 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 sub-
paragraph (E); 
(5) by inserting after subparagraph (C) the fol-
lowing: 
‘‘(D) an emergency involving Federal pri-
mary responsibility determined to exist by the 
President under the section 501(b) of the Robert
† HR 748 EAS 
T. Stafford Disaster Relief and Emergency As-
sistance 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 emer-
gency declaration’’; 
(C) by striking ‘‘disaster has occurred’’ and 
inserting ‘‘disaster or emergency has occurred’’; 
(D) by striking ‘‘such disaster’’ and insert-
ing ‘‘such disaster or emergency’’; and 
(E) by striking ‘‘disaster stricken’’ and in-
serting ‘‘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 Adminis-
trator 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 as-
sistance under this paragraph and the Administrator 
shall accept applications for such assistance imme-
diately.’’.
† HR 748 EAS 
SEC. 1111. RESOURCES AND SERVICES IN LANGUAGES 
OTHER THAN ENGLISH. 
(a) IN GENERAL.—The Administrator shall provide 
the resources and services made available by the Adminis-
tration 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. 
SEC. 1112. SUBSIDY FOR CERTAIN LOAN PAYMENTS. 
(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
† HR 748 EAS 
(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 Emer-
gencies 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 sta-
tus—
† HR 748 EAS 
(A) with respect to a covered loan made be-
fore 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 be-
fore 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 enact-
ment 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—
† HR 748 EAS 
(1) communicate and coordinate with the Fed-
eral Deposit Insurance Corporation, the Office of the 
Comptroller of the Currency, and State bank regu-
lators to encourage those entities to not require lend-
ers to increase their reserves on account of receiving 
payments made by the Administrator under sub-
section (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 require-
ments 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.
† HR 748 EAS 
(e) RULE OF CONSTRUCTION.—Nothing in this section 
may be construed to limit the authority of the Adminis-
trator 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. 
SEC. 1113. BANKRUPTCY. 
(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 activi-
ties (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 aggre-
gate noncontingent liquidated secured and unse-
cured debts as of the date of the filing of the peti-
tion 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
† HR 748 EAS 
less than 50 percent of which arose from the com-
mercial or business activities of the debtor; and 
‘‘(B) does not include— 
‘‘(i) any member of a group of affili-
ated debtors that has aggregate noncontin-
gent liquidated secured and unsecured debts 
in an amount greater than $7,500,000 (ex-
cluding 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 Ex-
change 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 Se-
curities 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 amend-
ment made by paragraph (1) shall apply only with 
respect to cases commenced under title 11, United
† HR 748 EAS 
States Code, on or after the date of enactment of this 
Act. 
(4) TECHNICAL CORRECTIONS.— 
(A) DEFINITION OF SMALL BUSINESS DEBT-
OR.—Section 
101(51D)(B)(iii) 
of 
title 
11, 
United States Code, is amended to read as fol-
lows: 
‘‘(iii) any debtor that is an affiliate of 
an issuer (as defined in section 3 of the Se-
curities Exchange Act of 1934 (15 U.S.C. 
78c)).’’. 
(B) 
UNCLAIMED
PROPERTY.—Section 
347(b) of title 11, United States Code, is amend-
ed 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—
† HR 748 EAS 
(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 fol-
lowing: 
‘‘(V) Payments made under Fed-
eral law relating to the national emer-
gency 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
CON-
FIRMATION.—Section 1329 of title 11, United
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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 experi-
enced 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 re-
quirements of section 1325(a) shall apply to any modifica-
tion under paragraph (1).’’. 
(D) APPLICABILITY.— 
(i) The amendments made by subpara-
graphs (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 subpara-
graph (C) shall apply to any case for which
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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,
† HR 748 EAS 
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 enact-
ment of this Act. 
SEC. 1114. EMERGENCY RULEMAKING AUTHORITY. 
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. 
TITLE 
II—ASSISTANCE 
FOR 
AMERICAN WORKERS, FAMI-
LIES, AND BUSINESSES 
Subtitle A—Unemployment 
Insurance Provisions 
SEC. 2101. SHORT TITLE. 
This subtitle may be cited as the ‘‘Relief for Workers 
Affected by Coronavirus Act’’. 
SEC. 2102. PANDEMIC UNEMPLOYMENT ASSISTANCE. 
(a) DEFINITIONS.—In this section: 
(1) COVID–19.—The term ‘‘COVID–19’’ means 
the 2019 Novel Coronavirus or 2019-nCoV.
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culated 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 Pan-
demic 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 assist-
ance provided for in paragraph (1)(A)(i) is pay-
able 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.—Notwith-
standing State law, for purposes of assistance authorized 
under this section, compensation under this Act shall be 
made to an individual otherwise eligible for such compensa-
tion 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
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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 agree-
ment (as determined by the Secretary), including 
any administrative expenses necessary to facili-
tate 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 ad-
vance or by way of reimbursement (as determined by 
the Secretary), in such amounts as the Secretary esti-
mates the State will be entitled to receive under this 
subsection for each calendar month, reduced or in-
creased, 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