tained in subtitle A of title II of division A of the CARES 
Act (Public Law 116–136)) is amended— 
(1) in subsection (a)— 
(A) by redesignating paragraph (3) as 
paragraph (4); 
(B) by inserting after paragraph (2) the 
following: 
‘‘(3) FOR
STREAMLINING
PROGRAM
GUIDE-
LINES.—The Secretary shall award grants to States 
that are eligible and submit plans for a grant under 
paragraph (1) for such States that streamline the 
short-time compensation program guidelines of the 
State, such as— 
‘‘(A) allowing an employer to provide an 
eligibility certification on behalf of the employ-
ees of the employer on a weekly basis; 
‘‘(B) allowing an employer to rehire an em-
ployee or bring back an employee from furlough 
at reduced hours, pursuant to the modifications 
described in section 2108(a)(5)(A) and section 
2109(b)(1); 
‘‘(C) relaxing any State limitation on 
short-time compensation hour reduction to 
match the maximum percentage permitted 
under section 3306(v)(3) of the Internal Rev-
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enue Code of 1986, pursuant to the modifica-
tions described in section 2108(a)(5)(A) and 
section 2109(b)(1); or 
‘‘(D) accepting employer applications sub-
mitted using the federal short-time compensa-
tion common application established under this 
Act.’’; and 
(C) in paragraph (4)(A), as redesignated 
by subparagraph (A), by striking ‘‘and (2)’’ and 
inserting ‘‘, (2), and (3)’’; 
(2) in subsection (b)— 
(A) in paragraph (1), as amended by sub-
section (a)(2), by adding at the end the fol-
lowing: 
‘‘(B) STREAMLINING
PROGRAM
GUIDE-
LINES.—Subject to subparagraph (C), the max-
imum amount available for making grants 
under subsection (a)(3) to a State shall be 
equal to the amount obtained by multiplying 
$50,000,000 (less the amount used by the Sec-
retary under subsection (e)) by the same ratio 
as would apply under subsection (a)(2)(B) of 
section 903 of the Social Security Act (42 
U.S.C. 1103) for purposes of determining such 
State’s share of any excess amount (as de-
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scribed in subsection (a)(1) of such section) 
that would have been subject to transfer to 
State accounts, as of October 1, 2019, under 
the provisions of subsection (a) of such section. 
‘‘(C) SPECIAL RULE FOR FEDERAL-STATE 
AGREEMENTS.—In no case may the total of all 
grants made under this section to a State ad-
ministering a short-time compensation program 
pursuant to an agreement under section 2109 
exceed $1,000,000.’’; and 
(B) by striking paragraph (2) and insert-
ing the following: 
‘‘(2) AMOUNT
AVAILABLE
FOR
DIFFERENT 
GRANTS.— 
‘‘(A) GRANTS
FOR
IMPLEMENTATION
OR 
IMPROVED
ADMINISTRATION
OR
FOR
PRO-
MOTION AND ENROLLMENT.—Of the maximum 
incentive payment determined under paragraph 
(1)(A) with respect to a State— 
‘‘(i) one-third shall be available for a 
grant under subsection (a)(1); and 
‘‘(ii) two-thirds shall be available for a 
grant under subsection (a)(2). 
‘‘(B) GRANTS
FOR
STREAMLINING
PRO-
GRAM GUIDELINES.—Of the maximum incentive 
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payment determined under paragraph (1)(B) 
with respect to a State, 100 percent shall be 
available for a grant under subsection (a)(3).’’; 
(3) in subsection (c)— 
(A) in paragraph (1), by striking ‘‘or (2)’’ 
and inserting ‘‘, (2), or (3)’’; 
(B) in paragraph (2), by striking ‘‘or (2) 
(or both)’’ and inserting ‘‘, (2), or (3) (or each 
paragraph)’’; and 
(C) in paragraph (4), in the matter pre-
ceding subparagraph (A), by striking ‘‘or (2)’’ 
and inserting ‘‘, (2), or (3)’’; 
(4) in subsection (d), in the matter preceding 
paragraph (1), by inserting ‘‘, the streamlining of 
guidelines for such programs,’’ after ‘‘administration 
of such programs’’; and 
(5) in subsection (f), in the matter preceding 
paragraph (1), by striking ‘‘or (2)’’ and inserting ‘‘, 
(2), or (3)’’. 
SEC. 5. REBUILDING MAIN STREET GRANT PROGRAM. 
(a) IN GENERAL.—Not later than 30 days after the 
date of enactment of this Act, the Secretary shall establish 
a program to provide grants to any eligible employer to 
help ensure that such employer remains in operation while 
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its employees continue working reduced hours pursuant to 
a short-time compensation program. 
(b) APPLICATION.—Any eligible employer seeking to 
receive a grant under this section shall submit an applica-
tion to the Secretary at such time, in such manner, and 
containing such information as the Secretary may require. 
(c) AMOUNT OF GRANT.— 
(1) IN GENERAL.—For each calendar quarter 
ending after the date on which the application has 
been approved for an eligible employer under sub-
section (b) and ending before January 1, 2022, the 
Secretary shall provide a grant to such employer in 
an amount equal to the applicable percentage of the 
eligible costs paid or incurred by such employer for 
the preceding calendar quarter. 
(2) APPLICABLE PERCENTAGE.— 
(A) IN GENERAL.—For purposes of this 
subsection, the applicable percentage for any 
calendar quarter shall be the amount equal to— 
(i) in the case of an eligible employer 
described in subclause (I) of subsection 
(f)(1)(A)(i), 50 percent, as reduced (but 
not below zero) by 2 percentage points for 
each percentage point by which the reduc-
tion in gross receipts of the eligible em-
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ployer for such quarter is less than 50 per-
cent; or 
(ii) in the case of an eligible employer 
described in subclause (II) of such sub-
section, 50 percent. 
(B) REDUCTION IN GROSS RECEIPTS.— 
(i) IN GENERAL.—With respect to any 
calendar quarter, the reduction in gross re-
ceipts for such quarter is the amount (ex-
pressed as a percentage) equal to the 
quotient of— 
(I) gross receipts of the eligible 
employer for such quarter; and 
(II) gross receipts of the eligible 
employer for the same calendar quar-
ter during the preceding calendar 
year. 
(ii) NEW EMPLOYERS.—In the case of 
an eligible employer which was not car-
rying on a trade or business (or, in the 
case of an organization exempt from tax-
ation under section 501(a) of the Internal 
Revenue Code of 1986, which was not car-
rying on activities related to the purpose or 
function constituting the basis of the orga-
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nization’s exemption under such section) 
during the same calendar quarter in the 
preceding calendar year, clause (i)(II) shall 
be applied by substituting ‘‘the first cal-
endar quarter of 2020’’ for ‘‘the same cal-
endar quarter during the preceding cal-
endar year’’. 
(3) EXCLUSION FOR FAILURE TO COMPLY WITH 
PUBLIC HEALTH ORDERS.—A grant shall not be pro-
vided to an eligible employer for any calendar quar-
ter in which such employer has been determined by 
a State or local government agency with appropriate 
jurisdiction over such employer to have failed to 
carry out its operations in compliance with any ap-
plicable State or local public health order or require-
ment and has provided notice to the Secretary of 
such failure to comply with such order or require-
ment. 
(4) LIMITATION.—The cumulative amount of 
any grants which may be provided to an eligible em-
ployer under this section for all calendar quarters 
shall not exceed $300,000. 
(5) 
INFORMATION
REGARDING
ELIGIBLE 
COSTS.—For purposes of determining the amount of 
the grant to be provided for each calendar quarter 
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under this subsection, an eligible employer shall pro-
vide the Secretary such information as is deemed 
necessary by the Secretary. 
(d) NO REDUCTION
IN LOAN FORGIVENESS
FOR 
PAYCHECK PROTECTION LOANS.—Section 1106(d) of the 
CARES Act (Public Law 116–136), as amended by sec-
tion 3(b)(2) of the Paycheck Protection Program Flexi-
bility Act of 2020 (Public Law 116–142), is amended by 
adding at the end the following new paragraph: 
‘‘(9) NO REDUCTION IN FORGIVENESS BASED 
ON WORK SHARING PLAN.—The amount of forgive-
ness of a covered loan made to an eligible recipient 
under this section shall not be reduced based on a 
reduction relating to salary and wages under para-
graph (3) if the eligible recipient elected to provide 
reduced work hours to full-time equivalent employees 
of the eligible recipient pursuant to a short term 
compensation program, as defined in section 3306(v) 
of the Internal Revenue Code of 1986, including any 
short-time compensation plan approved by a State 
pursuant to section 2109(b)(1).’’. 
(e) NO REIMBURSEMENT.—Any expense paid by an 
eligible employer with proceeds from a loan made under 
section 7(a)(36) of the Small Business (15 U.S.C. 
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636(a)(36)) shall not be eligible for reimbursement under 
the program established under this section. 
(f) DEFINITIONS.—For purposes of this section— 
(1) ELIGIBLE EMPLOYER.— 
(A) IN GENERAL.—The term ‘‘eligible em-
ployer’’ means any entity (including any organi-
zation exempt from taxation under section 
501(a) of the Internal Revenue Code of 
1986)— 
(i)(I) for which the reduction in gross 
receipts (as determined under subsection 
(c)(2)(B)) for the most recent calendar 
quarter ending before the date on which 
such entity submitted an application under 
subsection (b) is not less than 25 percent; 
or 
(II) which— 
(aa) had less than 20 employees 
during the period described in clause 
(i) of subparagraph (B); 
(bb) had less than $1,500,000 in 
annual gross receipts (as determined 
under clause (ii) of such subpara-
graph); and 
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(cc) as part of their application 
under subsection (b), has made a good 
faith certification that the uncertainty 
of current economic conditions makes 
necessary the grant request to support 
the ongoing operations of such entity; 
(ii) which has elected to provide re-
duced work hours to employees pursuant 
to a short-time compensation program; and 
(iii) which is not— 
(I) a hedge fund or a private eq-
uity fund, as defined in section 13(h) 
of the Bank Holding Company Act of 
1956 (12 U.S.C. 1851(h)); 
(II) a corporation the stock of 
which is publicly traded; or 
(III) a publicly traded partner-
ship (as defined in section 7704(b) of 
the Internal Revenue Code of 1986). 
(B) RULES FOR CERTAIN EMPLOYERS.— 
(i) 
EMPLOYEES.—The 
period 
de-
scribed in this clause shall be, at the elec-
tion of the entity— 
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(I) the period beginning on Feb-
ruary 15, 2019, and ending on June 
30, 2019; or 
(II) the period beginning on Jan-
uary 1, 2020, and ending on February 
29, 2020. 
(ii) GROSS RECEIPTS.— 
(I) IN GENERAL.—For purposes 
of subparagraph (A)(i)(II)(bb), annual 
gross receipts shall be determined 
based on information provided for the 
most recent taxable year for which a 
tax return has been filed by the entity 
(including, in the case of an organiza-
tion exempt from taxation under sec-
tion 501(a) of the Internal Revenue 
Code of 1986, a return required under 
section 6033 of such Code). 
(II) NEW EMPLOYERS.—With re-
spect to the taxable year described in 
subclause (I), in the case of an entity 
which was not carrying on a trade or 
business (or, in the case of an organi-
zation exempt from taxation under 
section 501(a) of the Internal Rev-
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enue Code of 1986, which was not 
carrying on activities related to the 
purpose or function constituting the 
basis of the organization’s exemption 
under such section) during the en-
tirety of such taxable year, annual 
gross receipts shall be determined on 
an annualized basis. 
(III) 
ORGANIZATION
EXEMPT 
FROM FILING.—For purposes of sub-
clause (I), in the case of an organiza-
tion exempt from taxation under sec-
tion 501(a) of the Internal Revenue 
Code of 1986 which is exempt from 
filing a return pursuant to section 
6033(a) of such Code, such organiza-
tion may submit to the Secretary (in 
such form and manner as is deemed 
appropriate by the Secretary) any in-
formation required to determine the 
annual gross receipts of such organi-
zation for purposes of subparagraph 
(A)(i)(II)(bb). 
(C) AGGREGATION
RULE.—All persons 
which are treated as a single employer under 
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subsections (a) and (b) of section 52 of the In-
ternal Revenue Code of 1986 shall be treated as 
a single eligible employer for purposes of this 
section. 
(2) ELIGIBLE COSTS.— 
(A) IN
GENERAL.—The term ‘‘eligible 
costs’’ means the payment or accrual, in the or-
dinary course of the eligible employer’s trade or 
business, of— 
(i) any covered mortgage obligation, 
covered rent obligation, or covered utility 
payment; and 
(ii) any costs and expenses necessary 
to maintain, reopen, and reconfigure the 
operations of the eligible employer, includ-
ing costs and expenses related to cleaning, 
equipment, and other similar expenditures, 
as defined by the Secretary through such 
regulations or other guidance as may be 
appropriate or necessary to carry out the 
purposes of this section. 
(B) EXCEPTION.—For purposes of sub-
paragraph (A)(i), the term ‘‘eligible costs’’ shall 
not include the prepayment of any obligation 
for a period in excess of a month unless the 
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payment for such period is customarily due in 
advance. 
(C) APPLICATION OF DEFINITIONS.—For 
purposes of subparagraph (A)(i), the terms 
‘‘covered mortgage obligation’’, ‘‘covered rent 
obligation’’, and ‘‘covered utility payment’’ shall 
each have the same meaning as when used in 
section 1106 of the CARES Act. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury or the Secretary’s del-
egate. 
(4) SHORT-TIME
COMPENSATION
PROGRAM.— 
The term ‘‘short-time compensation program’’ has 
the same meaning given such term under section 
3306(v) of the Internal Revenue Code of 1986, in-
cluding any short-time compensation plan approved 
by a State pursuant to section 2109(b)(1) of the Re-
lief for Workers Affected by Coronavirus Act (con-
tained in subtitle A of title II of division A of the 
CARES Act (Public Law 116–136)). 
(g) REPORTS.—Beginning 90 days after the date of 
enactment of this Act, the Secretary shall submit a quar-
terly report to the Committees on Appropriations of the 
House of Representatives and the Senate, as well as the 
Committee on Financial Services of the House of Rep-
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resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate, regarding the operations of 
the grant program established under this section, includ-
ing— 
(1) information regarding the size and geo-
graphic location of eligible employers that have re-
ceived grants; and 
(2) demographic information with respect to the 
principal owners of such eligible employers. 
(h) PUBLIC AWARENESS CAMPAIGN.—The Secretary, 
in coordination with the Secretary of Labor, the Secretary 
of Commerce, and the Administrator of the Small Busi-
ness Administration, shall conduct a public awareness 
campaign, to be carried out through the Minority Business 
Development Agency of the Department of Commerce and 
women’s business centers (as described in section 29 of 
the Small Business Act (15 U.S.C. 656)), to provide infor-
mation and outreach to help underserved businesses par-
ticipate in short-time compensation programs and the pro-
gram established under this section. 
(i) APPROPRIATIONS.—Out of any money in the 
Treasury not otherwise appropriated, there shall be appro-
priated such sums as are necessary to carry out the pur-
poses of this section, to remain available until expended. 
Æ 
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