H. R. 133—829 
(b) FACILITATION OF PARTICIPATION IN PPP AND SECOND DRAW 
LOANS.— 
(1) APPLICABLE RULES.—Solely with respect to loans under 
paragraphs (36) and (37) of section 7(a) of the Small Business 
Act (15 U.S.C. 636(a)), Farm Credit Administration regulations 
and guidance issued as of July 14, 2020, and compliance with 
such regulations and guidance, shall be deemed functionally 
equivalent to requirements referenced in section 3(a)(iii)(II) 
of the interim final rule of the Administration entitled ‘‘Busi-
ness Loan Program Temporary Changes; Paycheck Protection 
Program’’ (85 Fed. Reg. 20811 (April 15, 2020)) or any similar 
requirement referenced in that interim final rule in imple-
menting such paragraph (37). 
(2) APPLICABILITY OF CERTAIN LOAN REQUIREMENTS.—For 
purposes of making loans under paragraph (36) or (37) of section 
7(a) of the Small Business Act (15 U.S.C. 636(a)) or forgiving 
those loans in accordance with section 7A of the Small Business 
Act, as redesignated and transferred by section 304 of this 
Act, and subparagraph (J) of such paragraph (37), sections 
4.13, 4.14, and 4.14A of the Farm Credit Act of 1971 (12 
U.S.C. 2199, 2202, 2202a) (including regulations issued under 
those sections) shall not apply. 
(3) RISK WEIGHT.— 
(A) IN GENERAL.—With respect to the application of 
Farm Credit Administration capital requirements, a loan 
described in subparagraph (B)— 
(i) shall receive a risk weight of zero percent; and 
(ii) shall not be included in the calculation of any 
applicable leverage ratio or other applicable capital 
ratio or calculation. 
(B) LOANS DESCRIBED.—A loan referred to in subpara-
graph (A) is— 
(i) a loan made by a Farm Credit Bank described 
in section 1.2(a) of the Farm Credit Act of 1971 (12 
U.S.C. 2002(a)) to a Federal Land Bank Association, 
a Production Credit Association, or an agricultural 
credit association described in that section to make 
loans under paragraph (36) or (37) of section 7(a) of 
the Small Business Act (15 U.S.C. 636(a)) or forgive 
those loans in accordance with section 7A of the Small 
Business Act, as redesignated and transferred by sec-
tion 304 of this Act, and subparagraph (J) of such 
paragraph (37); or 
(ii) a loan made by a Federal Land Bank Associa-
tion, a Production Credit Association, an agricultural 
credit association, or the bank for cooperatives 
described in section 1.2(a) of the Farm Credit Act of 
1971 (12 U.S.C. 2002(a)) under paragraph (36) or (37) 
of section 7(a) of the Small Business Act (15 U.S.C. 
636(a)). 
(c) EFFECTIVE DATE; APPLICABILITY.—This section shall be effec-
tive as if included in the CARES Act (Public Law 116–136; 134 
Stat. 281) and shall apply to any loan made pursuant to section 
7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) before, 
on, or after the date of enactment of this Act, including forgiveness 
of such a loan.
H. R. 133—830 
SEC. 315. DEFINITION OF SEASONAL EMPLOYER. 
(a) PPP LOANS.—Section 7(a)(36)(A) of the Small Business Act 
(15 U.S.C. 636(a)(36)(A)) is amended— 
(1) in clause (xi), by striking ‘‘and’’ at the end; 
(2) in clause (xii), by striking the period at the end and 
inserting a semicolon; and 
(3) by adding at the end the following: 
‘‘(xiii) the term ‘seasonal employer’ means an 
eligible recipient that— 
‘‘(I) does not operate for more than 7 months 
in any calendar year; or 
‘‘(II) during the preceding calendar year, had 
gross receipts for any 6 months of that year that 
were not more than 33.33 percent of the gross 
receipts of the employer for the other 6 months 
of that year;’’. 
(b) LOAN FORGIVENESS.—Paragraph (12) of section 7A(a) of 
the Small Business Act, as so redesignated and transferred by 
section 304 of this Act, is amended to read as follows: 
‘‘(12) the terms ‘payroll costs’ and ‘seasonal employer’ have 
the meanings given those terms in section 7(a)(36).’’. 
(c) EFFECTIVE DATE; APPLICABILITY.—The amendments made 
by subsections (a) and (b) shall be effective as if included in the 
CARES Act (Public Law 116–136; 134 Stat. 281) and shall apply 
to any loan made pursuant to section 7(a)(36) of the Small Business 
Act (15 U.S.C. 636(a)(36)) before, on, or after the date of enactment 
of this Act, including forgiveness of such a loan. 
SEC. 316. HOUSING COOPERATIVES. 
Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) 
is amended— 
(1) in subparagraph (A), as amended by section 315(a) 
of this Act, by adding at the end the following: 
‘‘(xiv) the term ‘housing cooperative’ means a 
cooperative housing corporation (as defined in section 
216(b) of the Internal Revenue Code of 1986) that 
employs not more than 300 employees;’’; and 
(2) in subparagraph (D)— 
(A) in clause (i), by inserting ‘‘housing cooperative,’’ 
before ‘‘veterans organization,’’ each place it appears; and 
(B) in clause (vi), by inserting ‘‘, a housing cooperative,’’ 
before ‘‘a veterans organization’’. 
SEC. 317. ELIGIBILITY OF NEWS ORGANIZATIONS FOR LOANS UNDER 
THE PAYCHECK PROTECTION PROGRAM. 
(a) ELIGIBILITY
OF INDIVIDUAL STATIONS, NEWSPAPERS, AND 
PUBLIC BROADCASTING ORGANIZATIONS.—Section 7(a)(36)(D)(iii) of 
the Small Business Act (15 U.S.C. 636(a)(36)(D)(iii)) is amended— 
(1) by striking ‘‘During the covered period’’ and inserting 
the following: 
‘‘(I) IN GENERAL.—During the covered period’’; 
and 
(2) by adding at the end the following 
‘‘(II) ELIGIBILITY OF NEWS ORGANIZATIONS.— 
‘‘(aa) DEFINITION.—In this subclause, the 
term ‘included business concern’ means a busi-
ness concern, including any station which
H. R. 133—831 
broadcasts pursuant to a license granted by 
the 
Federal 
Communications 
Commission 
under title III of the Communications Act of 
1934 (47 U.S.C. 301 et seq.) without regard 
for whether such a station is a concern as 
defined in section 121.105 of title 13, Code 
of Federal Regulations, or any successor 
thereto— 
‘‘(AA) that employs not more than 500 
employees, or the size standard estab-
lished by the Administrator for the North 
American Industry Classification System 
code applicable to the business concern, 
per physical location of such business con-
cern; or 
‘‘(BB) any nonprofit organization or 
any organization otherwise subject to sec-
tion 511(a)(2)(B) of the Internal Revenue 
Code of 1986 that is a public broadcasting 
entity (as defined in section 397(11) of 
the Communications Act of 1934 (47 
U.S.C. 397(11))). 
‘‘(bb) ELIGIBILITY.—During the covered 
period, an included business concern shall be 
eligible to receive a covered loan if— 
‘‘(AA) the included business concern 
is majority owned or controlled by a busi-
ness concern that is assigned a North 
American Industry Classification System 
code beginning with 511110 or 5151 or, 
with respect to a public broadcasting 
entity (as defined in section 397(11) of 
the Communications Act of 1934 (47 
U.S.C. 397(11))), has a trade or business 
that falls under such a code; and 
‘‘(BB) the included business concern 
makes a good faith certification that pro-
ceeds of the loan will be used to support 
expenses at the component of the included 
business concern that produces or distrib-
utes locally focused or emergency informa-
tion.’’. 
(b) ELIGIBILITY OF AFFILIATED ENTITIES.—Section 7(a)(36)(D)(iv) 
of the Small Business Act (15 U.S.C. 636(a)(36)(D)(iv)) is amended— 
(1) in subclause (II), by striking ‘‘and’’ at the end; 
(2) in subclause (III), by striking the period at the end 
and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(IV)(aa) any business concern (including any 
station which broadcasts pursuant to a license 
granted by the Federal Communications Commis-
sion under title III of the Communications Act 
of 1934 (47 U.S.C. 301 et seq.) without regard 
for whether such a station is a concern as defined 
in section 121.105 of title 13, Code of Federal 
Regulations, 
or 
any 
successor 
thereto) 
that 
employs not more than 500 employees, or the size
H. R. 133—832 
standard established by the Administrator for the 
North American Industry Classification System 
code applicable to the business concern, per phys-
ical location of such business concern and is 
majority owned or controlled by a business concern 
that is assigned a North American Industry Classi-
fication System code beginning with 511110 or 
5151; or 
‘‘(bb) any nonprofit organization that is 
assigned a North American Industry Classification 
System code beginning with 5151.’’. 
(c) APPLICATION OF PROHIBITION ON PUBLICLY TRADED COMPA-
NIES.—Clause (viii) of section 7(a)(36)(D) of the Small Business 
Act (15 U.S.C. 636(a)(36)(D), as added by section 342 of this Act 
is amended— 
(1) by striking ‘‘Notwithstanding’’ and inserting the fol-
lowing: 
‘‘(I) IN
GENERAL.—Subject to subclause (II), 
and notwithstanding’’; and 
(2) by adding at the end— 
‘‘(II) RULE
FOR
AFFILIATED
ENTITIES.—With 
respect to a business concern made eligible by 
clause (iii)(II) or clause (iv)(IV) of this subpara-
graph, the Administrator shall not consider 
whether any affiliated entity, which for purposes 
of this subclause shall include any entity that owns 
or controls such business concern, is an issuer.’’. 
SEC. 318. ELIGIBILITY OF 501(c)(6) AND DESTINATION MARKETING 
ORGANIZATIONS FOR LOANS UNDER THE PAYCHECK 
PROTECTION PROGRAM. 
Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) 
is amended— 
(1) in subparagraph (A), as amended by section 316 of 
this Act, by adding at the end the following: 
‘‘(xv) the term ‘destination marketing organization’ 
means a nonprofit entity that is— 
‘‘(I) an organization described in section 501(c) 
of the Internal Revenue Code of 1986 and exempt 
from tax under section 501(a) of such Code; or 
‘‘(II) a State, or a political subdivision of a 
State (including any instrumentality of such enti-
ties)— 
‘‘(aa) engaged in marketing and promoting 
communities and facilities to businesses and 
leisure travelers through a range of activities, 
including— 
‘‘(AA) assisting with the location of 
meeting and convention sites; 
‘‘(BB) providing travel information on 
area attractions, lodging accommodations, 
and restaurants; 
‘‘(CC) providing maps; and 
‘‘(DD) organizing group tours of local 
historical, 
recreational, 
and 
cultural 
attractions; or
H. R. 133—833 
‘‘(bb) that is engaged in, and derives the 
majority of the operating budget of the entity 
from revenue attributable to, providing live 
events; and’’; and 
(2) in subparagraph (D), as amended by section 316 of 
this Act— 
(A) in clause (v), by inserting ‘‘or for purposes of deter-
mining the number of employees of a housing cooperative 
or a business concern or organization made eligible for 
a loan under this paragraph under clause (iii)(II), (iv)(IV), 
or (vii),’’ after ‘‘clause (i)(I),’’; 
(B) in clause (vi), by inserting ‘‘a business concern 
or organization made eligible for a loan under this para-
graph under clause (vii),’’ after ‘‘a nonprofit organization,’’; 
and 
(C) by adding at the end the following: 
‘‘(vii) ELIGIBILITY FOR CERTAIN 501(c)(6) ORGANIZA-
TIONS.— 
‘‘(I) IN
GENERAL.—Any organization that is 
described in section 501(c)(6) of the Internal Rev-
enue Code and that is exempt from taxation under 
section 501(a) of such Code (excluding professional 
sports leagues and organizations with the purpose 
of promoting or participating in a political cam-
paign or other activity) shall be eligible to receive 
a covered loan if— 
‘‘(aa) the organization does not receive 
more than 15 percent of its receipts from lob-
bying activities; 
‘‘(bb) 
the 
lobbying 
activities 
of 
the 
organization do not comprise more than 15 
percent of the total activities of the organiza-
tion; 
‘‘(cc) the cost of the lobbying activities of 
the organization did not exceed $1,000,000 
during the most recent tax year of the 
organization that ended prior to February 15, 
2020; and 
‘‘(dd) the organization employs not more 
than 300 employees. 
‘‘(II) 
DESTINATION
MARKETING
ORGANIZA-
TIONS.—Any destination marketing organization 
shall be eligible to receive a covered loan if— 
‘‘(aa) the destination marketing organiza-
tion does not receive more than 15 percent 
of its receipts from lobbying activities; 
‘‘(bb) the lobbying activities of the destina-
tion marketing organization do not comprise 
more than 15 percent of the total activities 
of the organization; 
‘‘(cc) the cost of the lobbying activities of 
the destination marketing organization did not 
exceed $1,000,000 during the most recent tax 
year of the destination marketing organization 
that ended prior to February 15, 2020; and
H. R. 133—834 
‘‘(dd) the destination marketing organiza-
tion employs not more than 300 employees; 
and 
‘‘(ee) the destination marketing organiza-
tion— 
‘‘(AA) is described in section 501(c) 
of the Internal Revenue Code and is 
exempt from taxation under section 501(a) 
of such Code; or 
‘‘(BB) is a quasi-governmental entity 
or is a political subdivision of a State or 
local 
government, 
including 
any 
instrumentality of those entities.’’. 
SEC. 319. PROHIBITION ON USE OF LOAN PROCEEDS FOR LOBBYING 
ACTIVITIES. 
Section 7(a)(36)(F) of the Small Business Act (15 U.S.C. 
636(a)(36)(F)) is amended by adding at the end the following: 
‘‘(vi) PROHIBITION.—None of the proceeds of a cov-
ered loan may be used for— 
‘‘(I) lobbying activities, as defined in section 
3 of the Lobbying Disclosure Act of 1995 (2 U.S.C. 
1602); 
‘‘(II) lobbying expenditures related to a State 
or local election; or 
‘‘(III) expenditures designed to influence the 
enactment of legislation, appropriations, regula-
tion, administrative action, or Executive order pro-
posed or pending before Congress or any State 
government, State legislature, or local legislature 
or legislative body.’’. 
SEC. 320. BANKRUPTCY PROVISIONS. 
(a) IN GENERAL.—Section 364 of title 11, United States Code, 
is amended by adding at the end the following: 
‘‘(g)(1) The court, after notice and a hearing, may authorize 
a debtor in possession or a trustee that is authorized to operate 
the business of the debtor under section 1183, 1184, 1203, 1204, 
or 1304 of this title to obtain a loan under paragraph (36) or 
(37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)), 
and such loan shall be treated as a debt to the extent the loan 
is not forgiven in accordance with section 7A of the Small Business 
Act or subparagraph (J) of such paragraph (37), as applicable, 
with priority equal to a claim of the kind specified in subsection 
(c)(1) of this section. 
‘‘(2) The trustee may incur debt described in paragraph (1) 
notwithstanding any provision in a contract, prior order authorizing 
the trustee to incur debt under this section, prior order authorizing 
the trustee to use cash collateral under section 363, or applicable 
law that prohibits the debtor from incurring additional debt. 
‘‘(3) The court shall hold a hearing within 7 days after the 
filing and service of the motion to obtain a loan described in 
paragraph (1). Notwithstanding the Federal Rules of Bankruptcy 
Procedure, at such hearing, the court may grant relief on a final 
basis.’’. 
(b) ALLOWANCE OF ADMINISTRATIVE EXPENSES.—Section 503(b) 
of title 11, United States Code, is amended— 
(1) in paragraph (8)(B), by striking ‘‘and’’ at the end;
H. R. 133—835 
(2) in paragraph (9), by striking the period at the end 
and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(10) any debt incurred under section 364(g)(1) of this 
title.’’. 
(c) CONFIRMATION OF PLAN FOR REORGANIZATION.—Section 1191 
of title 11, United States Code, is amended by adding at the end 
the following: 
‘‘(f) SPECIAL PROVISION RELATED TO COVID–19 PANDEMIC.— 
Notwithstanding section 1129(a)(9)(A) of this title and subsection 
(e) of this section, a plan that provides for payment of a claim 
of a kind specified in section 503(b)(10) of this title may be confirmed 
under subsection (b) of this section if the plan proposes to make 
payments on account of such claim when due under the terms 
of the loan giving rise to such claim.’’. 
(d) CONFIRMATION OF PLAN FOR FAMILY FARMERS AND FISHER-
MEN.—Section 1225 of title 11, United States Code, is amended 
by adding at the end the following: 
‘‘(d) Notwithstanding section 1222(a)(2) of this title and sub-
section (b)(1) of this section, a plan that provides for payment 
of a claim of a kind specified in section 503(b)(10) of this title 
may be confirmed if the plan proposes to make payments on account 
of such claim when due under the terms of the loan giving rise 
to such claim.’’. 
(e) CONFIRMATION OF PLAN FOR INDIVIDUALS.—Section 1325 
of title 11, United States Code, is amended by adding at the end 
the following: 
‘‘(d) Notwithstanding section 1322(a)(2) of this title and sub-
section (b)(1) of this section, a plan that provides for payment 
of a claim of a kind specified in section 503(b)(10) of this title 
may be confirmed if the plan proposes to make payments on account 
of such claim when due under the terms of the loan giving rise 
to such claim.’’. 
(f) EFFECTIVE DATE; SUNSET.— 
(1) EFFECTIVE
DATE.—The amendments made by sub-
sections (a) through (e) shall— 
(A) take effect on the date on which the Administrator 
submits to the Director of the Executive Office for United 
States Trustees a written determination that, subject to 
satisfying any other eligibility requirements, any debtor 
in possession or trustee that is authorized to operate the 
business of the debtor under section 1183, 1184, 1203, 
1204, or 1304 of title 11, United States Code, would be 
eligible for a loan under paragraphs (36) and (37) of section 
7(a) of the Small Business Act (15 U.S.C. 636(a)); and 
(B) apply to any case pending on or commenced on 
or after the date described in subparagraph (A). 
(2) SUNSET.— 
(A) IN GENERAL.—If the amendments made by sub-
sections (a) through (e) take effect under paragraph (1), 
effective on the date that is 2 years after the date of 
enactment of this Act— 
(i) section 364 of title 11, United States Code, 
is amended by striking subsection (g); 
(ii) section 503(b) of title 11, United States Code, 
is amended—
H. R. 133—836 
(I) in paragraph (8)(B), by adding ‘‘and’’ at 
the end; 
(II) in paragraph (9), by striking ‘‘; and’’ at 
the end and inserting a period; and 
(III) by striking paragraph (10); 
(iii) section 1191 of title 11, United States Code, 
is amended by striking subsection (f); 
(iv) section 1225 of title 11, United States Code, 
is amended by striking subsection (d); and 
(v) section 1325 of title 11, United States Code, 
is amended by striking subsection (d). 
(B) APPLICABILITY.—Notwithstanding the amendments 
made by subparagraph (A) of this paragraph, if the amend-
ments made by subsections (a) through (e) take effect under 
paragraph (1) of this subsection, such amendments shall 
apply to any case under title 11, United States Code, com-
menced before the date that is 2 years after the date 
of enactment of this Act. 
SEC. 321. OVERSIGHT. 
(a) COMPLIANCE WITH OVERSIGHT REQUIREMENTS.— 
(1) IN GENERAL.—Except as provided in paragraph (2), on 
and after the date of enactment of this Act, the Administrator 
shall comply with any data or information requests or inquiries 
made by the Comptroller General of the United States not 
later than 15 days (or such later date as the Comptroller 
General may specify) after receiving the request or inquiry. 
(2) EXCEPTION.—If the Administrator is unable to comply 
with a request or inquiry described in paragraph (1) before 
the applicable date described in that paragraph, the Adminis-
trator shall, before such applicable date, submit to the Com-
mittee on Small Business and Entrepreneurship of the Senate 
and the Committee on Small Business of the House of Rep-
resentatives a notification that includes a detailed justification 
for the inability of the Administrator to comply with the request 
or inquiry. 
(b) TESTIMONY.—Not later than the date that is 120 days after 
the date of enactment of this Act, and not less than twice each 
year thereafter until the date that is 2 years after the date of 
enactment of this Act, the Administrator and the Secretary of 
the Treasury shall testify before the Committee on Small Business 
and Entrepreneurship of the Senate and the Committee on Small 
Business of the House of Representatives regarding implementation 
of this Act and the amendments made by this Act. 
SEC. 322. CONFLICTS OF INTEREST. 
(a) DEFINITIONS.—In this section: 
(1) 
CONTROLLING
INTEREST.—The 
term 
‘‘controlling 
interest’’ means owning, controlling, or holding not less than 
20 percent, by vote or value, of the outstanding amount of 
any class of equity interest in an entity. 
(2) COVERED ENTITY.— 
(A) DEFINITION.—The term ‘‘covered entity’’ means an 
entity in which a covered individual directly or indirectly 
holds a controlling interest. 
(B) TREATMENT
OF
SECURITIES.—For the purpose of 
determining whether an entity is a covered entity, the
H. R. 133—837 
securities owned, controlled, or held by 2 or more individ-
uals who are related as described in paragraph (3)(B) shall 
be aggregated. 
(3) COVERED INDIVIDUAL.—The term ‘‘covered individual’’ 
means— 
(A) the President, the Vice President, the head of an 
Executive department, or a Member of Congress; and 
(B) the spouse, as determined under applicable common 
law, of an individual described in subparagraph (A). 
(4) EXECUTIVE DEPARTMENT.—The term ‘‘Executive depart-
ment’’ has the meaning given the term in section 101 of title 
5, United States Code. 
(5) MEMBER OF CONGRESS.—The term ‘‘Member of Con-
gress’’ means a Member of the Senate or House of Representa-
tives, a Delegate to the House of Representatives, and the 
Resident Commissioner from Puerto Rico. 
(6) EQUITY INTEREST.—The term ‘‘equity interest’’ means— 
(A) a share in an entity, without regard to whether 
the share is— 
(i) transferable; or 
(ii) classified as stock or anything similar; 
(B) a capital or profit interest in a limited liability 
company or partnership; or 
(C) a warrant or right, other than a right to convert, 
to purchase, sell, or subscribe to a share or interest 
described in subparagraph (A) or (B), respectively. 
(b) REQUIREMENT
FOR
DISCLOSURE
REGARDING
EXISTING 
LOANS.—For any loan under paragraph (36) of section 7(a) of the 
Small Business Act (15 U.S.C. 636(a)) made to a covered entity 
before the date of enactment of this Act— 
(1) if, before the date of enactment of this Act, the covered 
entity submitted an application for forgiveness under section 
1106 of the CARES Act (15 U.S.C. 9005) (as such section 
was in effect on the day before the date of enactment of this 
Act) with respect to such loan, not later than 30 days after 
the date of enactment of this Act, the principal executive officer, 
or individual performing a similar function, of the covered 
entity shall disclose to the Administrator that the entity is 
a covered entity; and 
(2) if, on or after the date of enactment of this Act, the 
covered entity submits an application for forgiveness under 
section 7A of the Small Business Act, as redesignated and 
transferred by section 304 of this Act, with respect to such 
loan, not later than 30 days after submitting the application, 
the principal executive officer, or individual performing a 
similar function, of the covered entity shall disclose to the 
Administrator that the entity is a covered entity. 
(c) BAN ON NEW LOANS.—On and after the date of enactment 
of this Act, a loan under paragraph (36) or (37) of section 7(a) 
of the Small Business Act (15 U.S.C. 636(a)), as added and amended 
by this Act, may not be made to a covered entity. 
SEC. 323. COMMITMENT AUTHORITY AND APPROPRIATIONS. 
(a) COMMITMENT AUTHORITY.—Section 1102(b) of the CARES 
Act (Public Law 116–136) is amended— 
(1) in paragraph (1)—
H. R. 133—838 
(A) in the paragraph heading, by inserting ‘‘AND 
SECOND DRAW’’ after ‘‘PPP’’; 
(B) by striking ‘‘August 8, 2020’’ and inserting ‘‘March 
31, 2021’’; 
(C) by striking ‘‘paragraph (36)’’ and inserting ‘‘para-
graphs (36) and (37)’’; and 
(D) by striking ‘‘ $659,000,000,000’’ and inserting ‘‘ 
$806,450,000,000’’; and 
(2) by adding at the end the following: 
‘‘(3) 2021 7(a) LOAN PROGRAM LEVEL AND FUNDING.—Not-
withstanding the amount authorized under the heading ‘Small 
Business 
Administration—Business 
Loans 
Program 
Account’under the Financial Services and General Government 
Appropriations Act, 2021 for commitments for general business 
loans authorized under paragraphs (1) through (35) of section 
7(a) of the Small Business Act (15 U.S.C. 636(a)), commitments 
for general business loans authorized under paragraphs (1) 
through (35) of section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) shall not exceed $75,000,000,000 for a combina-
tion of amortizing term loans and the aggregated maximum 
line of credit provided by revolving loans during the period 
beginning on the date of enactment of this Act and ending 
on September 30, 2021.’’. 
(b) CLARIFICATION
OF
SECONDARY
MARKET
CAP.—Section 
1107(b) of the CARES Act (15 U.S.C. 9006(b)) is amended by 
inserting ‘‘with respect to loans under any paragraph of section 
7(a) of the Small Business Act (15 U.S.C. 636(a))’’ before ‘‘shall 
not exceed’’. 
(c) RESCISSION.—With respect to unobligated balances under 
the heading ‘‘Small Business Administration—Business Loans Pro-
gram Account, CARES Act’’ as of the day before the date of enact-
ment of this Act, $146,500,000,000 shall be rescinded and deposited 
into the general fund of the Treasury. 
(d) DIRECT APPROPRIATIONS.— 
(1) NEW DIRECT APPROPRIATIONS FOR PPP LOANS, SECOND 
DRAW LOANS, AND THE MBDA.—There is appropriated, out of 
amounts in the Treasury not otherwise appropriated, for the 
fiscal year ending September 30, 2021, to remain available 
until expended, for additional amounts— 
(A) $284,450,000,000 under the heading ‘‘Small Busi-
ness Administration—Business Loans Program Account, 
CARES Act’’, for the cost of guaranteed loans as authorized 
under paragraph (36) or (37) of section 7(a) of the Small 
Business Act (15 U.S.C. 636(a)), as amended and added 
by this Act, including the cost of any modifications to 
any loans guaranteed under such paragraph (36) that were 
approved on or before August 8, 2020, of which— 
(i) not less than $15,000,000,000 shall be for 
guaranteeing loans under such paragraph (36) or (37) 
made by community financial institutions, as defined 
in section 7(a)(36)(A) of the Small Business Act (15 
U.S.C. 636(a)(36)(A)); 
(ii) not less than $15,000,000,000 shall be for 
guaranteeing loans under such paragraph (36) or (37) 
made by— 
(I) insured depository institutions (as defined 
in section 3 of the Federal Deposit Insurance Act
H. R. 133—844 
(bb) shall not include entities of the State 
or political subdivision other than the live venue 
operator or promoter, theatrical producer, or live 
performing arts organization operator, the relevant 
museum operator, the motion picture theatre oper-
ator, or the talent representative. 
(B) EXCLUSION.—The term ‘‘eligible person or entity’’ 
shall not include a live venue operator or promoter, theat-
rical producer, or live performing arts organization oper-
ator, a relevant museum operator, a motion picture theatre 
operator, or a talent representative that— 
(i) presents live performances of a prurient sexual 
nature; or 
(ii) derives, directly or indirectly, more than de 
minimis gross revenue through the sale of products 
or services, or the presentation of any depictions or 
displays, of a prurient sexual nature. 
(C) CALCULATION OF FULL-TIME EMPLOYEES.—For pur-
poses of determining the number of full-time equivalent 
employees under subparagraph (A)(vi)(II)(cc) of this para-
graph and under paragraph (2)(E)— 
(i) any employee working not fewer than 30 hours 
per week shall be considered a full-time employee; 
and 
(ii) any employee working not fewer than 10 hours 
and fewer than 30 hours per week shall be counted 
as one-half of a full-time employee. 
(D) MULTIPLE
BUSINESS
ENTITIES.—Each business 
entity of an eligible person or entity that also meets the 
requirements under subparagraph (A) and that is not 
described in subparagraph (B) shall be treated by the 
Administrator as an independent, non-affiliated entity for 
the purposes of this section. 
(2) EXCHANGE; ISSUER; SECURITY.—The terms ‘‘exchange’’, 
‘‘issuer’’, and ‘‘security’’ have the meanings given those terms 
in section 3(a) of the Securities Exchange Act of 1934 (15 
U.S.C. 78c(a)). 
(3) LIVE VENUE OPERATOR OR PROMOTER, THEATRICAL PRO-
DUCER, OR LIVE PERFORMING ARTS ORGANIZATION OPERATOR.— 
The term ‘‘live venue operator or promoter, theatrical producer, 
or live performing arts organization operator’’— 
(A) means— 
(i) an individual or entity— 
(I) that, as a principal business activity, 
organizes, promotes, produces, manages, or hosts 
live concerts, comedy shows, theatrical produc-
tions, or other events by performing artists for 
which— 
(aa) a cover charge through ticketing or 
front door entrance fee is applied; and 
(bb) performers are paid in an amount 
that is based on a percentage of sales, a guar-
antee (in writing or standard contract), or 
another mutually beneficial formal agreement; 
and
H. R. 133—845 
(II) for which not less than 70 percent of the 
earned revenue of the individual or entity is gen-
erated through, to the extent related to a live 
event described in subclause (I), cover charges or 
ticket 
sales, 
production 
fees 
or 
production 
reimbursements, nonprofit educational initiatives, 
or the sale of event beverages, food, or merchan-
dise; or 
(ii) an individual or entity that, as a principal 
business activity, makes available for purchase by the 
public an average of not less than 60 days before 
the date of the event tickets to events— 
(I) described in clause (i)(I); and 
(II) for which performers are paid in an 
amount that is based on a percentage of sales, 
a guarantee (in writing or standard contract), or 
another mutually beneficial formal agreement; and 
(B) includes an individual or entity described in 
subparagraph (A) that— 
(i) operates for profit; 
(ii) is a nonprofit organization; 
(iii) is government-owned; or 
(iv) is a corporation, limited liability company, or 
partnership or operated as a sole proprietorship. 
(4) MOTION
PICTURE
THEATRE
OPERATOR.—The term 
‘‘motion picture theatre operator’’ means an individual or entity 
that— 
(A) as the principal business activity of the individual 
or entity, owns or operates at least 1 place of public 
accommodation for the purpose of motion picture exhibition 
for a fee; and 
(B) includes an individual or entity described in 
subparagraph (A) that— 
(i) operates for profit; 
(ii) is a nonprofit organization; 
(iii) is government-owned; or 
(iv) is a corporation, limited liability company, or 
partnership or operated as a sole proprietorship. 
(5) NATIONAL SECURITIES EXCHANGE.—The term ‘‘national 
securities exchange’’ means an exchange registered as a 
national securities exchange under section 6 of the Securities 
Exchange Act of 1934 (15 U.S.C. 78f). 
(6) NONPROFIT.—The term ‘‘nonprofit’’, with respect to an 
organization, means that the organization is exempt from tax-
ation under section 501(a) of the Internal Revenue Code of 
1986. 
(7) RELEVANT MUSEUM.—The term ‘‘relevant museum’’— 
(A) has the meaning given the term ‘‘museum’’ in sec-
tion 273 of the Museum and Library Services Act (20 
U.S.C. 9172); and 
(B) shall not include any entity that is organized as 
a for-profit entity. 
(8) SEASONAL EMPLOYER.—The term ‘‘seasonal employer’’ 
has the meaning given that term in subparagraph (A) of section 
7(a)(36) of the Small Business Act (15 U.S.C. 636(a)), as 
amended by this Act. 
(9) STATE.—The term ‘‘State’’ means—
H. R. 133—846 
(A) a State; 
(B) the District of Columbia; 
(C) the Commonwealth of Puerto Rico; and 
(D) any other territory or possession of the United 
States. 
(10) TALENT REPRESENTATIVE.—The term ‘‘talent represent-
ative’’— 
(A) means an agent or manager that— 
(i) as not less than 70 percent of the operations 
of the agent or manager, is engaged in representing 
or managing artists and entertainers; 
(ii) books or represents musicians, comedians, 
actors, or similar performing artists primarily at live 
events in venues or at festivals; and 
(iii) represents performers described in clause (ii) 
that are paid in an amount that is based on the number 
of tickets sold, or a similar basis; and 
(B) includes an agent or manager described in subpara-
graph (A) that— 
(i) operates for profit; 
(ii) is a nonprofit organization; 
(iii) is government-owned; or 
(iv) is a corporation, limited liability company, or 
partnership or operated as a sole proprietorship. 
(b) AUTHORITY.— 
(1) IN GENERAL.— 
(A) ADMINISTRATION.—The Associate Administrator for 
the Office of Disaster Assistance of the Administration 
shall coordinate and formulate policies relating to the 
administration of grants made under this section. 
(B) CERTIFICATION
OF
NEED.—An eligible person or 
entity applying for a grant under this section shall submit 
a good faith certification that the uncertainty of current 
economic conditions makes necessary the grant to support 
the ongoing operations of the eligible person or entity. 
(2) INITIAL GRANTS.— 
(A) IN GENERAL.—The Administrator may make initial 
grants to eligible persons or entities in accordance with 
this section. 
(B) INITIAL PRIORITIES FOR AWARDING GRANTS.— 
(i) FIRST PRIORITY IN AWARDING GRANTS.—During 
the initial 14-day period during which the Adminis-
trator awards grants under this paragraph, the 
Administrator shall only award grants to an eligible 
person or entity with revenue, during the period begin-
ning on April 1, 2020 and ending on December 31, 
2020, that is not more than 10 percent of the revenue 
of the eligible person or entity during the period begin-
ning on April 1, 2019 and ending on December 31, 
2019, due to the COVID–19 pandemic. 
(ii) SECOND
PRIORITY
IN
AWARDING
GRANTS.— 
During the 14-day period immediately following the 
14-day period described in clause (i), the Administrator 
shall only award grants to an eligible person or entity 
with revenue, during the period beginning on April 
1, 2020 and ending on December 31, 2020, that is 
not more than 30 percent of the revenue of the eligible
H. R. 133—847 
person or entity during the period beginning on April 
1, 2019 and ending on December 31, 2019, due to 
the COVID–19 pandemic. 
(iii) DETERMINATION OF REVENUE.—For purposes 
of clauses (i) and (ii)— 
(I) any amounts received by an eligible person 
or entity under the CARES Act (Public Law 116– 
136; 134 Stat. 281) or an amendment made by 
the CARES Act shall not be counted as revenue 
of an eligible person or entity; 
(II) the Administrator shall use an accrual 
method of accounting for determining revenue; and 
(III) the Administrator may use alternative 
methods to establish revenue losses for an eligible 
person or entity that is a seasonal employer and 
that would be adversely impacted if January, Feb-
ruary, and March are excluded from the calcula-
tion of year-over-year revenues. 
(iv) LIMIT
ON
USE
OF
AMOUNTS
FOR
PRIORITY 
APPLICANTS.—The Administrator may use not more 
than 80 percent of the amounts appropriated under 
section 323(d)(1)(H) of this Act to carry out this section 
to make initial grants under this paragraph to eligible 
persons or entities described in clause (i) or (ii) of 
this subparagraph that apply for a grant under this 
paragraph during the initial 28-day period during 
which the Administrator awards grants under this 
paragraph. 
(C) GRANTS AFTER PRIORITY PERIODS.—After the end 
of the initial 28-day period during which the Administrator 
awards grants under this paragraph, the Administrator 
may award an initial grant to any eligible person or entity. 
(D) LIMITS ON NUMBER OF INITIAL GRANTS TO AFFILI-
ATES.—Not more than 5 business entities of an eligible 
person or entity that would be considered affiliates under 
the affiliation rules of the Administration may receive a 
grant under this paragraph. 
(E) SET-ASIDE FOR SMALL EMPLOYERS.— 
(i) IN GENERAL.—Subject to clause (ii), not less 
than $2,000,000,000 of the total amount of grants made 
available under this paragraph shall be awarded to 
eligible persons or entities which employ not more 
than 50 full-time employees, determined in accordance 
with subsection (a)(1)(C). 
(ii) TIME LIMIT.—Clause (i) shall not apply on and 
after the date that is 60 days after the Administrator 
begins awarding grants under this section and, on 
and after such date, amounts available for grants 
under this section may be used for grants under this 
section to any eligible person or entity. 
(3) SUPPLEMENTAL GRANTS.— 
(A) IN
GENERAL.—Subject to subparagraph (B), the 
Administrator may make a supplemental grant in accord-
ance with this section to an eligible person or entity that 
receives a grant under paragraph (2) if, as of April 1, 
2021, the revenues of the eligible person or entity for 
the most recent calendar quarter are not more than 30