I 
116TH CONGRESS 
2D SESSION 
H. R. 6778 
To amend the Coronavirus Economic Stabilization Act of 2020 to place 
certain requirements on corporations receiving Federal aid related to 
COVID–19. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2020 
Ms. OCASIO-CORTEZ (for herself and Ms. WATERS) introduced the following 
bill; which was referred to the Committee on Financial Services 
A BILL 
To amend the Coronavirus Economic Stabilization Act of 
2020 to place certain requirements on corporations re-
ceiving Federal aid related to COVID–19. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘lllllll Act 
of 2020’’. 
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SEC. 2. REQUIREMENTS ON ALL CORPORATIONS RECEIV-
ING FEDERAL AID RELATED TO COVID–19. 
(a) IN GENERAL.—The CARES Act (Public Law 
116–136) is amended by inserting after section 4029 the 
following: 
‘‘SEC. 4030. REQUIREMENTS ON ALL CORPORATIONS RE-
CEIVING FEDERAL AID RELATED TO COVID– 
19. 
‘‘(a) IN GENERAL.—Any corporation that receives 
Federal aid related to COVID–19 shall, during the cov-
ered period, comply with the following: 
‘‘(1) WORKFORCE
LEVELS
AND
BENEFITS.— 
The corporation shall maintain at least the same 
workforce levels and benefits that existed before the 
COVID–19 emergency declaration. 
‘‘(2) MAINTENANCE
OF
WORKER
PAY.—The 
corporation shall maintain worker (either employee 
or contractor, full-time or part-time) pay throughout 
the entire duration of the covered period at or above 
the pay level the worker was earning before the 
emergency. 
‘‘(3) MAINTENANCE
OF
COLLECTIVE
BAR-
GAINING AGREEMENTS.—The corporation may not 
alter any collective bargaining agreement that was in 
place on the date of the COVID–19 emergency dec-
laration. 
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‘‘(b) ENFORCEMENT; RULEMAKING.—The Securities 
and Exchange Commission shall have the authority to en-
force this section and may issue such rules as may be nec-
essary to carry out this section. 
‘‘(c) DEFINITIONS.—In this section: 
‘‘(1) COVERED PERIOD.—With respect to a re-
ceipt of Federal aid related to COVID–19, the term 
‘covered period’ means the period— 
‘‘(A) beginning on the date such Federal 
aid is first received; and 
‘‘(B) ending after the 1-year period begin-
ning on the later of— 
‘‘(i) the termination date of the emer-
gency declared by the President on March 
13, 2020, under section 501(b) of the Rob-
ert T. Stafford Disaster Relief and Emer-
gency Assistance Act (42 U.S.C. 5191(b)) 
with respect to the coronavirus disease 
2019 (COVID–19); or 
‘‘(ii) the date on which all such Fed-
eral aid has been repaid. 
‘‘(2) COVID–19 EMERGENCY DECLARATION.— 
The term ‘COVID–19 emergency declaration’ means 
emergency declared on March 13, 2020, by the 
President under the Robert. T. Stafford Disaster 
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Relief and Emergency Assistance Act (42 U.S.C. 
5121 et seq.) relating to the Coronavirus Disease 
2019 (COVID-19) pandemic. 
‘‘(3) FEDERAL
AID.—The term ‘Federal aid’ 
means any emergency lending provided under section 
13(3) of the Federal Reserve Act or any Federal fi-
nancial support in the form of a grant, loan, or loan 
guarantee.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 2 of the CARES Act is amended by inserting 
after the item relating to section 4029 the following: 
‘‘Sec. 4030. Requirements on all corporations receiving Federal aid related to 
COVID–19.’’. 
Æ 
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