H. R. 133—907 
year 2021, $3,000,000,000 under the heading ‘‘department of treasury— 
community
development
financial
institutions
fund
program
account,
emergency
support’’ 
to carry out this section, of which— 
(1) up to $1,250,000,000, shall remain available until Sep-
tember 30, 2021, to support, prepare for, and respond to the 
economic impact of the coronavirus, provided that the Fund 
shall— 
(A) provide grants funded under this paragraph using 
a formula that takes into account criteria such as certifi-
cation status, financial and compliance performance, port-
folio and balance sheet strength, a diversity of CDFI busi-
ness model types, and program capacity, of which not less 
than $25,000,000 may be for grants to benefit Native Amer-
ican, Native Hawaiian, and Alaska Native communities; 
and 
(B) make funds available under this paragraph not 
later than 60 days after the date of enactment of this 
Act; and 
(2) up to $1,750,000,000, shall remain available until 
expended, to provide grants to CDFIs to respond to the economic 
impact of the COVID–19 pandemic— 
(A) to expand lending, grant making, or investment 
activity in low- or moderate-income minority communities 
and to minorities that have significant unmet capital or 
financial services needs; 
(B) using criteria such as certification status, financial 
and compliance performance, portfolio and balance sheet 
strength, a diversity of CDFI business model types, status 
as a minority lending institution, and program capacity, 
as well as experience making loans and investments to 
those areas and populations identified in this paragraph; 
and 
(C) of which up to $1,200,000,000, shall be for providing 
financial assistance, technical assistance, awards, training 
and outreach programs to recipients that are minority 
lending institutions. 
(b) ADMINISTRATIVE EXPENSES.—Funds appropriated pursuant 
to subsection (a) may be used for administrative expenses, including 
administration of Fund programs and the New Markets Tax Credit 
Program under section 45D of the Internal Revenue Code of 1986. 
(c) DEFINITIONS.—In this section: 
(1) CDFI.—The term ‘‘CDFI’’ means a community develop-
ment financial institution, as defined in section 103 of the 
Community Development Banking and Financial Institutions 
Act of 1994 (12 U.S.C. 4702). 
(2) FUND.—The term ‘‘Fund’’ means the Community 
Development Financial Institutions Fund established under sec-
tion 104(a) of the Community Development Banking and Finan-
cial Institutions Act of 1994 (12 U.S.C. 4703(a)). 
(3) MINORITY.—The term ‘‘minority’’ means any Black 
American, Hispanic American, Asian American, Native Amer-
ican, Native Alaskan, Native Hawaiian, or Pacific Islander. 
(4) MINORITY LENDING INSTITUTION.—The term ‘‘minority 
lending institution’’ means a CDFI— 
(A) with respect to which a majority of both the number 
dollar volume of arm’s-length, on-balance sheet financial
H. R. 133—908 
products of the CDFI are directed at minorities or majority 
minority census tracts or equivalents; and 
(B) that— 
(i) is a minority depository institution, as defined 
in section 308(b) of the Financial Institutions Reform, 
Recovery, and Enforcement Act of 1989 (12 U.S.C. 
1463 note), or otherwise considered to be a minority 
depository institution by the appropriate Federal 
banking agency, as defined in section 3 of the Federal 
Deposit Insurance Act (12 U.S.C. 1813), or by the 
National Credit Union Administration, as applicable; 
or 
(ii) meets standards for accountability to minority 
populations as determined by the Administrator. 
(d) COLLECTION OF DATA.—With respect to a CDFI that receives 
funds under this section, notwithstanding the Equal Credit Oppor-
tunity Act (15 U.S.C. 1691 et seq.)— 
(1) the CDFI may collect data described in section 701(a)(1) 
of that Act (15 U.S.C. 1691(a)(1)) from borrowers and applicants 
for credit for the sole purpose and exclusive use to ensure 
that targeted populations and low-income residents of invest-
ment areas are adequately served; and 
(2) the CDFI that collects the data described in paragraph 
(1) shall not be subject to adverse action related to that collec-
tion by the Bureau of Consumer Financial Protection or any 
other Federal agency. 
SEC. 524. INSPECTOR GENERAL OVERSIGHT. 
(a) IN GENERAL.—The Inspector General of the Department 
of the Treasury shall conduct, supervise, and coordinate audits 
and investigations of any program established under this subtitle 
or the amendments made by this subtitle. 
(b) REPORTING.—The Inspector General of the Department of 
the Treasury shall submit to the Committee on Financial Services 
of the House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate and the Secretary of 
the Treasury not less frequently than 2 times per year a report 
relating to the oversight provided by the Office of the Inspector 
General, including any recommendations for improvements to the 
programs described in subsection (a). 
SEC. 525. STUDY AND REPORT WITH RESPECT TO IMPACT OF PRO-
GRAMS ON LOW- AND MODERATE-INCOME AND MINORITY 
COMMUNITIES. 
(a) STUDY.—The Secretary of the Treasury shall conduct a 
study of the impact of the programs established under this subtitle 
or any amendment made by this subtitle on low- and moderate- 
income and minority communities. 
(b) REPORT.—Not later than 18 months after the date of enact-
ment of this Act, the Secretary of the Treasury shall submit to 
the Committee on Financial Services of the House of Representa-
tives and the Committee on Banking, Housing, and Urban Affairs 
of the Senate a report on the results of the study conducted pursu-
ant to subsection (a), which shall include, to the extent possible, 
the results of the study disaggregated by ethnic group. 
(c) INFORMATION
PROVIDED
TO
THE
SECRETARY.—Eligible 
institutions that participate in any of the programs described in 
subsection (a) shall provide the Secretary of the Treasury with
H. R. 133—909 
such information as the Secretary may require to carry out the 
study required by this section. 
Subtitle C—Miscellaneous 
SEC. 540. EXTENSIONS OF TEMPORARY RELIEF AND EMERGENCY 
AUTHORITIES. 
(a) IN GENERAL.—Title IV of the CARES Act (15 U.S.C. 9041 
et seq.) is amended— 
(1) in section 4014(b) (15 U.S.C. 9052(b))— 
(A) in paragraph (1), by inserting ‘‘the first day of 
the fiscal year of the insured depository institution, bank 
holding company, or any affiliate thereof that begins after’’ 
before ‘‘the date’’; and 
(B) in paragraph (2), by striking ‘‘December 31, 2020’’ 
and inserting ‘‘January 1, 2022’’; and 
(2) in section 4016(b)(2), by striking ‘‘2020’’ and inserting 
‘‘2021’’. 
(b) 
TEMPORARY
CREDIT
UNION
PROVISIONS.—Section 
307(a)(4)(A) of the Federal Credit Union Act (12 U.S.C. 
1795f(a)(4)(A)) is amended by striking ‘‘December 31, 2020’’ and 
inserting ‘‘December 31, 2021’’. 
SEC. 541. EXTENSION OF TEMPORARY RELIEF FROM TROUBLED DEBT 
RESTRUCTURINGS AND INSURER CLARIFICATION. 
Section 4013 of the CARES Act (15 U.S.C. 9051) is amended— 
(1) by inserting ‘‘, including an insurance company,’’ after 
‘‘institution’’ each place the term appears; 
(2) in subsection (a)(1), by striking ‘‘December 31, 2020’’ 
and inserting ‘‘January 1, 2022’’; 
(3) in subsection (b)(1)(B), by inserting ‘‘under United 
States Generally Accepted Accounting Principles’’ after ‘‘pur-
poses’’; and 
(4) in subsection (d)(1), by inserting ‘‘, including insurance 
companies,’’ after ‘‘institutions’’. 
SEC. 542. HEALTHCARE OPERATING LOSS LOANS. 
(a) DEFINITIONS.—In this section: 
(1) OPERATING LOSS.—The term ‘‘operating loss’’ has the 
meaning given the term in section 223(d) of the National 
Housing Act (12 U.S.C. 1715n(d)). 
(2) SECRETARY.—The term ‘‘Secretary’’ means the Secretary 
of Housing and Urban Development. 
(b) AUTHORIZATION TO PROVIDE MORTGAGE INSURANCE.—Not-
withstanding any other provision of law, for fiscal years 2020 and 
2021, in addition to the authority provided to insure operating 
loss loans under section 223(d) of the National Housing Act (12 
U.S.C. 1715n(d)), the Secretary may insure or enter into commit-
ments to ensure mortgages under such section 223(d) with respect 
to healthcare facilities— 
(1) insured under section 232 or section 242 of the National 
Housing Act (12 U.S.C. 1715w, 1715z–7); 
(2) that were financially sound immediately prior to the 
President’s March 13, 2020 Proclamation on Declaring a 
National Emergency Concerning the Novel Coronavirus Disease 
(COVID–19) Outbreak; 
(3) that have exhausted all other forms of assistance; and
H. R. 133—910 
(4) subject to— 
(A) the limitation for new commitments to guarantee 
loans insured under the General and Special Risk Insur-
ance Funds under the heading ‘‘General and Special Risk 
Program Account’’ for fiscal years 2020 and 2021; and 
(B) the underwriting parameters and other terms and 
conditions that the Secretary determines appropriate 
through guidance. 
(c) AMOUNT OF LOAN.—After all other realized or reasonably 
anticipated assistance (including reimbursements, loans, or other 
payments from other Federal sources) are taken into account, a 
loan insured under subsection (b) shall be in an amount not 
exceeding the lesser of— 
(1) the temporary losses or additional expenses incurred 
or expected to be incurred by the healthcare facility as a result 
of the impact of the circumstances giving rise to the President’s 
March 13, 2020 Proclamation on Declaring a National Emer-
gency Concerning the Novel Coronavirus Disease (COVID–19) 
Outbreak; or 
(2) the amount expected to be needed to cover the sum 
of— 
(A) 1 year of principal and interest payments for the 
existing loans of the healthcare facility insured by the 
Secretary; 
(B) 1 year of principal and interest payments for the 
loan pursuant to this section; 
(C) 1 year of mortgage insurance premiums for the 
loans described in subparagraphs (A) and (B); 
(D) 1 year of monthly deposits to reserve accounts 
required by the Secretary for the loans described in sub-
paragraphs (A) and (B); 
(E) 1 year of property taxes and insurance for the 
healthcare facility; and 
(F) transaction costs, including legal fees, for the loans 
described in subparagraphs (A) and (B). 
TITLE VI—LABOR PROVISIONS 
SEC. 601. JOB CORPS FLEXIBILITIES. 
(a) ENROLLMENT.—During the period beginning on the date 
of enactment of this Act and ending when all qualifying emergencies 
have expired, notwithstanding any other provision of law, the 
requirements described in sections 145(a)(2)(A) and 152(b)(2)(B) 
of the Workforce Innovation and Opportunity Act (29 U.S.C. 
3195(a)(2)(A), 3202(b)(2)(B)) shall be applicable only for enrollees 
in the Job Corps— 
(1) participating on-site at a Job Corps center; or 
(2) returning to on-site participation at a Job Corps center 
after participating in distance learning. 
(b) ELIGIBILITY.—During a qualifying emergency or the 1-year 
period immediately following the expiration of the qualifying emer-
gency, an individual who would be older than the age of 24 on 
the date the individual enrolls in the Job Corps is eligible to 
enroll in the Job Corps, notwithstanding section 144(a)(1)(A) of 
the Workforce Innovation and Opportunity Act (29 U.S.C. 
3194(a)(1)(A)), as long as—