539 
(A) Food Package IV–Children 1 through 
4 years. 
(B) Food Package V–Pregnant and par-
tially (mostly) breastfeeding women. 
(C) Food Package VI–Postpartum women. 
(D) 
Food 
Package 
VII–Fully 
breastfeeding. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
(4) STATE AGENCY.—The term ‘‘State agency’’ 
has the meaning given the term in section 17(b) of 
the Child Nutrition Act of 1966 (42 U.S.C. 
1786(b)). 
SEC. 204. COVID–19 WIC SAFETY AND MODERNIZATION. 
(a) ESTABLISHMENT OF TASK FORCE.—Not later 
than 90 days after the date of the enactment of this sec-
tion, the Secretary shall establish a task force on supple-
mental foods delivery in the special supplemental nutrition 
program (in this section referred to as the ‘‘Task Force’’). 
(b) MEMBERSHIP.— 
(1) COMPOSITION.—The Task Force shall be 
composed of at least 1 member but not more than 
3 members appointed by the Secretary from each of 
the following: 
(A) Retailers of supplemental foods. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00539
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
540 
(B) Representatives of State agencies. 
(C) Representatives of Indian State agen-
cies. 
(D) Representatives of local agencies. 
(E) Technology companies with experience 
maintaining the special supplemental nutrition 
program information systems and technology, 
including management information systems or 
electronic benefit transfer services. 
(F) Manufacturers of supplemental foods. 
(G) Participants in the special supple-
mental nutrition program from diverse loca-
tions. 
(H) Other organizations that have experi-
ence with and knowledge of the special supple-
mental nutrition program. 
(2) LIMITATION ON MEMBERSHIP.—The Task 
Force shall be composed of not more than 20 mem-
bers. 
(c) DUTIES.— 
(1) STUDY.—The Task Force shall study meas-
ures to streamline the redemption of supplemental 
foods benefits that promote convenience, safety, and 
equitable access to supplemental foods, including in-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00540
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
541 
fant formula, for participants in the special supple-
mental nutrition program, including— 
(A) online and telephonic ordering and 
curbside pickup of, and payment for, supple-
mental foods; 
(B) online and telephonic purchasing of 
supplemental foods; 
(C) home delivery of supplemental foods; 
(D) self checkout for purchases of supple-
mental foods; and 
(E) other measures that limit or eliminate 
consumer presence in a physical store. 
(2) REPORT BY TASK FORCE.—Not later than 
September 30, 2021, the Task Force shall submit to 
the Secretary a report that includes— 
(A) the results of the study required under 
paragraph (1); and 
(B) recommendations with respect to such 
results. 
(3) REPORT BY SECRETARY.—Not later than 
45 days after receiving the report required under 
paragraph (2), the Secretary shall— 
(A) submit to Congress a report that in-
cludes— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00541
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
542 
(i) a plan with respect to carrying out 
the recommendations received by the Sec-
retary in such report under paragraph (2); 
and 
(ii) an assessment of whether legisla-
tive changes are necessary to carry out 
such plan; and 
(B) notify the Task Force of the submis-
sion of the report required under subparagraph 
(A). 
(4) PUBLICATION.—The Secretary shall make 
publicly available on the website of the Department 
of Agriculture— 
(A) the report received by the Secretary 
under paragraph (2); and 
(B) the report submitted by the Secretary 
under paragraph (3)(A). 
(d) TERMINATION.—The Task Force shall terminate 
on the date the Secretary submits the report required 
under paragraph (3)(A). 
(e) NONAPPLICABILITY OF FACA.—The Federal Ad-
visory Committee Act (5 U.S.C. App.) shall not apply to 
the Task Force. 
(f) DEFINITIONS.—In this section: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00542
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
543 
(1) LOCAL AGENCY.—The term ‘‘local agency’’ 
has the meaning given the term in section 17(b) of 
the Child Nutrition Act of 1966 (42 U.S.C. 
1786(b)). 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
(3) SPECIAL SUPPLEMENTAL NUTRITION PRO-
GRAM.—The term ‘‘special supplemental nutrition 
program’’ means the special supplemental nutrition 
program under section 17 of the Child Nutrition Act 
of 1966 (42 U.S.C. 1786). 
(4) STATE AGENCY.—The term ‘‘State agency’’ 
has the meaning given the term in section 17(b) of 
the Child Nutrition Act of 1966 (42 U.S.C. 
1786(b)). 
(5) SUPPLEMENTAL FOODS.—The term ‘‘sup-
plemental foods’’ has the meaning given the term in 
section 17(b) of the Child Nutrition Act of 1966 (42 
U.S.C. 1786(b)). 
SEC. 205. SERVING YOUTH IN THE CHILD AND ADULT CARE 
FOOD PROGRAM AT EMERGENCY SHELTERS. 
(a) PROGRAM FOR AT-RISK SCHOOL CHILDREN.— 
Beginning on the date of the enactment of this section, 
notwithstanding paragraph (1)(A) of section 17(r) of the 
Richard B. Russell National School Lunch Act (42 U.S.C. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00543
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
544 
1766(r)), during the COVID–19 public health emergency 
declared under section 319 of the Public Health Service 
Act (42 U.S.C. 247d), the Secretary shall reimburse insti-
tutions that are emergency shelters under such section 
17(r) (42 U.S.C. 1766(r)) for meals and supplements 
served to individuals who at the time of such service have 
not attained the age of 25. 
(b) PARTICIPATION BY EMERGENCY SHELTERS.— 
Beginning on the date of the enactment of this section, 
notwithstanding paragraph (5)(A) section 17(t) of the 
Richard B. Russell National School Lunch Act (42 U.S.C. 
1766(t)), during the COVID–19 public health emergency 
declared under section 319 of the Public Health Service 
Act (42 U.S.C. 247d), the Secretary shall reimburse emer-
gency shelters under such section 17(t) (42 U.S.C. 
1766(t)) for meals and supplements served to individuals 
who at the time of such service have not attained the age 
of 25. 
(c) FUNDING.—There are hereby appropriated to the 
Secretary, out of any funds in the Treasury not otherwise 
appropriated, such sum as may be necessary to carry out 
this section. 
(d) DEFINITIONS.—In this section: 
(1) EMERGENCY SHELTER.—The term ‘‘emer-
gency shelter’’ has the meaning given the term 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00544
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
545 
under section 17(t)(1) of the Richard B. Russell Na-
tional School Lunch Act (42 U.S.C. 1766(t)(1)). 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
SEC. 206. CALCULATION OF PAYMENTS AND REIMBURSE-
MENTS FOR CERTAIN CHILD NUTRITION PRO-
GRAMS. 
(a) RICHARD
B. RUSSELL
NATIONAL
SCHOOL 
LUNCH ACT.— 
(1) COMMODITY ASSISTANCE.—Notwithstanding 
any other provision of law, for purposes of providing 
commodity assistance to a State under section 
6(c)(1)(C) of the Richard B. Russell National School 
Lunch Act (42 U.S.C. 1755(c)(1)(C)) or cash assist-
ance in lieu of such commodity assistance under sec-
tion 16 of such Act (42 U.S.C. 1765) the Secretary 
shall deem the number of lunches served by school 
food authorities in such State during the 2020 pe-
riod to be equal to the greater of the following: 
(A) The number of lunches served by such 
school food authorities in such State during the 
2019 period. 
(B) The number of lunches served by such 
school food authorities in such State during the 
2020 period. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00545
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
546 
(2) SPECIAL ASSISTANCE PAYMENTS.—Notwith-
standing any other provision of law, in determining 
the number of meals served by a school for purposes 
of making special assistance payments to a State 
with respect to a school under subparagraph (B), 
clause (ii) or (iii) of subparagraph (C), or subpara-
graph (E)(i)(II) of section 11(a)(1) of the Richard 
B. Russell National School Lunch Act (42 U.S.C. 
1759a(a)(1)), the Secretary shall deem the number 
of meals served by such school during the 2020 pe-
riod to be equal to the greater of the following: 
(A) The number of meals served by such 
school during the 2019 period. 
(B) The number of meals served by such 
school during the 2020 period. 
(b) CHILD NUTRITION ACT OF 1966.— 
(1) STATE ADMINISTRATIVE EXPENSES.—Not-
withstanding any other provision of law, for pur-
poses of making payments to a State under section 
7(a) of the Child Nutrition Act of 1966 (42 U.S.C. 
1776(a)), the Secretary shall deem the number of 
meals and supplements served by such school food 
authorities in such State during the 2020 period to 
be equal to the greater of the following: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00546
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
547 
(A) The number of meals and supplements 
served by such school food authorities in such 
State during the 2019 period. 
(B) The number of meals and supplements 
served by such school food authorities in such 
State during the 2020 period. 
(2) TEAM
NUTRITION
NETWORK.—Notwith-
standing any other provision of law, for purposes of 
making allocations to a State under section 19(d) of 
the Child Nutrition Act of 1966 (42 U.S.C. 
1788(d)), the Secretary shall deem the number of 
lunches served by school food authorities in such 
State during the 2020 period to be equal to the 
greater of the following: 
(A) The number of lunches served by such 
school food authorities in such State during the 
2019 period. 
(B) The number of lunches served by such 
school food authorities in such State during the 
2020 period. 
(c) DEFINITIONS.—In this section: 
(1) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00547
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
548 
(2) 2019 PERIOD.—The term ‘‘2019 period’’ 
means the period beginning March 1, 2019 and end-
ing June 30, 2019. 
(3) 2020 PERIOD.—The term ‘‘2020 period’’ 
means the period beginning March 1, 2020 and end-
ing June 30, 2020. 
SEC. 207. REPORTING ON WAIVER AUTHORITY. 
(a) APPLICATION
TO DOCUMENTS RECEIVED
OR 
ISSUED ON OR AFTER DATE OF ENACTMENT.—Beginning 
on the date of the enactment of this section, not later than 
10 days after the date of the receipt or issuance of each 
document specified in paragraph (1), (2), or (3) of this 
subsection, the Secretary of Agriculture shall make pub-
licly available on the website of the Department of Agri-
culture the following documents: 
(1) Any request submitted by State agencies for 
a qualified waiver. 
(2) The Secretary’s approval or denial of each 
such request. 
(3) Any guidance issued by the Secretary with 
respect to a qualified waiver. 
(b) INCLUSION OF DATE WITH GUIDANCE.—With re-
spect to the guidance described in subsection (a)(3), the 
Secretary of Agriculture shall include the date on which 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00548
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
549 
such guidance was issued on the publicly available website 
of the Department of Agriculture on such guidance. 
(c) APPLICATION RECEIVED
OR ISSUED BEFORE 
DATE OF ENACTMENT.—In the case of a document speci-
fied in paragraph (1), (2), or (3) of subsection (a) received 
or issued by the Secretary of Agriculture before the date 
of the enactment of this section, the Secretary of Agri-
culture shall, not later than 30 days after the date of the 
enactment of this section, make publicly available on the 
website of the Department of Agriculture— 
(1) the documents described in paragraphs (1) 
through (3) of subsection (a) with respect to each 
received or issued document; and 
(2) if the Secretary issued guidance with re-
spect to a qualified waiver issued before the date of 
the enactment of this section, the date on which 
such guidance was issued. 
(d) QUALIFIED WAIVER DEFINED.—In this section, 
the term ‘‘qualified waiver’’ means a waiver under section 
2102, 2202, 2203, or 2204 of the Families First 
Coronavirus Response Act (Public Law 116–127). 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00549
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
550 
TITLE III—RELATED PROGRAMS 
SEC. 301. COMMUNITY SERVICES BLOCK GRANT ENHANCE-
MENT ACT OF 2020. 
(a) DISTRIBUTION
OF CARES ACT FUNDS
TO 
STATES.—Section 675B(b)(3) of the Community Services 
Block Grant Act (42 U.S.C. 9906(b)(3)) shall not apply 
with respect to funds appropriated by the CARES Act 
(Public Law 116–136) to carry out the Community Serv-
ices Block Grant Act (42 U.S.C. 9901 et seq.). 
(b) INCREASED POVERTY LINE.—For purposes of 
carrying out the Community Services Block Grant Act (42 
U.S.C. 9901 et seq.) with any funds appropriated for fis-
cal year 2021 for such Act, the term ‘‘poverty line’’ as 
defined in section 673(2) of such Act (42 U.S.C. 9902(2)) 
means 200 percent of the poverty line otherwise applicable 
under such section (excluding the last sentence of such 
section) without regard to this subsection. 
(c) DISTRIBUTION
OF CARES ACT FUNDS
BY 
STATES TO ELIGIBLE ENTITIES.—Funds appropriated by 
the CARES Act (Public Law 116–136) to carry out the 
Community Services Block Grant Act (42 U.S.C. 9901 et 
seq.) and received by a State shall be made available to 
eligible entities (as defined in section 673(1)(A) of such 
Act (42 U.S.C. 9902(1)(A))) not later than either 30 days 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00550
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
551 
after such State receives such funds or 30 days after the 
date of the enactment of this Act, whichever occurs later. 
SEC. 302. FLEXIBILITY FOR THE RUNAWAY AND HOMELESS 
YOUTH PROGRAM. 
During the public health emergency declared by the 
Secretary of Health and Human Services under section 
319 of the Public Health Service Act (42 U.S.C. 247d) 
on January 31, 2020, with respect to COVID–19, and any 
renewal of such declaration, the Secretary may waive with 
respect to a current or future grantee of funds provided 
to carry out the Runaway and Homeless Youth Act (42 
U.S.C. 11201 et seq.)— 
(1) the 21-day maximum period for which shel-
ter may be provided applicable under section 
311(a)(2)(B)(i) 
of 
such 
Act 
(34 
U.S.C. 
11211(a)(2)(B)(i)); 
(2) the 20-youth maximum capacity of a center 
or facility applicable under section 312(b)(2)(A) of 
such Act (34 U.S.C. 11212(b)(2)(A)) if such grantee 
provides an assurance that waiving such requirement 
would not compromise the health and safety of 
youth or staff and would not compromise such 
grantee’s ability to implement the applicable guid-
ance issued by the Centers for Disease Control and 
Prevention to mitigate the spread of COVID–19, in-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00551
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
552 
cluding the implementation of appropriate social 
distancing measures; 
(3) the 540-day and 635-day maximum contin-
uous periods for which shelter and services may be 
provided applicable under section 322(a)(2) of such 
Act (34 U.S.C. 11222(a)(2)); 
(4) the 20-individual maximum capacity of a 
shelter or facility applicable under section 322(a)(4) 
of such Act (34 U.S.C. 11222(a)(4)) if such grantee 
provides an assurance that waiving such requirement 
would not compromise the health and safety of 
youth or staff and would not compromise such 
grantee’s ability to implement the applicable guid-
ance issued by the Centers for Disease Control and 
Prevention to mitigate the spread of COVID–19, in-
cluding the implementation of appropriate social 
distancing measures; and 
(5) the 90-percent limitation on the Federal 
cost share applicable under section 383(a) of such 
Act (34 U.S.C. 11274(a)). 
SEC. 303. EXTENSION OF CERTAIN NUTRITION FLEXIBILI-
TIES FOR OLDER AMERICANS ACT PRO-
GRAMS NUTRITION SERVICES. 
(a) TRANSFER AUTHORITY.—Notwithstanding any 
other provision of the Older Americans Act of 1965 (42 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00552
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
553 
U.S.C. 3001 et seq.), with respect to funds received by 
a State for fiscal year 2021 and attributable to funds ap-
propriated under paragraph (1) or (2) of section 303(b) 
of such Act, the State may elect in its plan under section 
307(a)(13) of such Act regarding part C of title III of 
such Act, to transfer between subpart 1 and subpart 2 
of part C any amount of the funds so received notwith-
standing the limitation on transfer authority provided in 
subparagraph (A) of section 308(b)(4) of such Act and 
without regard to subparagraph (B) of such section. The 
preceding sentence shall apply to such funds until ex-
pended by the State. 
(b) HOME-DELIVERED NUTRITION SERVICES WAIV-
ER.—For purposes determining eligibility for the delivery 
of nutrition services under section 337 of the Older Ameri-
cans Act of 1965 (42 U.S.C. 3030g) with funds received 
by a State under the Older Americans Act of 1965 (42 
U.S.C. 2001 et seq.) for fiscal 2021, the State shall treat 
an older individual who is unable to obtain nutrition be-
cause such individual is practicing social distancing due 
to the emergency in the same manner as the State treats 
an older individual who is homebound by reason of illness. 
The preceding sentence shall apply to such funds until ex-
pended by the State. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00553
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
554 
(c) DIETARY GUIDELINES WAIVER.—To facilitate 
implementation of subparts 1 and 2 of part C of title III 
of the Older Americans Act of 1965 (42 U.S.C. 3030d– 
2 et seq.) with funds received by a State for fiscal year 
2021, the Assistant Secretary on Aging may waive, but 
make every effort practicable to continue to encourage the 
restoration of, the applicable requirements that meals pro-
vided under such subparts comply with the requirements 
of clauses (I) and (ii) of section 339(2)(A) of such Act 
(42 U.S.C. 3030g–21(2)(A)). The preceding sentence shall 
apply to such funds until expended by the State. 
SEC. 304. USE OF LIHEAP SUPPLEMENTAL APPROPRIA-
TIONS. 
Notwithstanding the Low-Income Home Energy As-
sistance Act of 1981, with respect to amounts appro-
priated under title VIII of division A of this Act to carry 
out the Low-Income Home Energy Assistance Act of 
1981, each State, the Commonwealth of Puerto Rico, 
Guam, American Samoa, the Virgin Islands of the United 
States, the Commonwealth of the Northern Mariana Is-
lands, and each Indian Tribe, as applicable, that receives 
an allotment of funds from such amounts shall, in using 
such funds, for purposes of income eligibility, accept proof 
of job loss or severe income loss dated after February 29, 
2020, such as a layoff or furlough notice or verification 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00554
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
555 
of application for unemployment benefits, as sufficient to 
demonstrate lack of income for an individual or household. 
SEC. 305. CORPORATION FOR NATIONAL AND COMMUNITY 
SERVICE. 
(a) CNCS LEGISLATIVE FLEXIBILITIES.— 
(1) MATCH WAIVER.—During the period begin-
ning on the date of the enactment of this Act and 
ending on September 30, 2022, notwithstanding any 
other provision of law, if a grantee of the Corpora-
tion for National and Community Service is unable 
to meet a requirement to provide matching funds 
due to funding constraints resulting from the 
COVID–19 national emergency, the Chief Executive 
Officer of the Corporation for National and Commu-
nity Service may— 
(A) waive any requirement that such 
grantee provide matching funds for a program; 
and 
(B) increase the Federal share of the grant 
for such program up to 100 percent. 
(2) END-OF-SERVICE CASH STIPEND.—Section 
3514(a)(2)(B) of the CARES Act is amended by in-
serting ‘‘, or the full value of the stipend under sec-
tion 105(a) of title I of the Domestic Volunteer 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00555
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
556 
Service Act of 1973 (42 U.S.C. 4955)’’ after ‘‘such 
subtitle’’. 
(3) SENIOR
CORPS
VOLUNTEER
RECRUIT-
MENT.—During the period beginning on the date of 
the enactment and ending on September 30, 2022, 
notwithstanding sections 201(a), 211(d), 211(e), and 
213(a) of title II of the Domestic Volunteer Service 
Act of 1973 (42 U.S.C. 5000 et seq.)— 
(A) an individual age 45 years or older 
may enroll as a volunteer to provide services 
under parts A, B or C of such title to address 
the critical needs of local communities across 
the country during the COVID–19 national 
emergency; and 
(B) for the purposes of parts B and C of 
such title II, ‘‘low-income person’’ and ‘‘person 
of low income’’ mean any person whose income 
is not more than 400 percent of the poverty line 
for a single individual. 
(b) NATIONAL SERVICE EXPANSION FEASIBILITY 
STUDY.— 
(1) STUDY
REQUIRED.—The Corporation for 
National and Community Service shall conduct a 
study on the feasibility of increasing the capacity of 
national service programs to respond to the eco-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00556
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
557 
nomic and social impact on communities across the 
country resulting from the COVID–19 national 
emergency and public health crisis. 
(2) SCOPE OF STUDY.—In conducting the study 
required under paragraph (1), the Corporation for 
National and Community Service shall examine new 
and existing programs, partnerships, organizations, 
and grantees that could be utilized to respond to the 
COVID–19 national emergency as described in sub-
section (a), including— 
(A) service opportunities related to food se-
curity, education, economic opportunity, and 
disaster or emergency response; 
(B) partnerships with the Department of 
Health and Human Services, the Centers for 
Disease Control and Prevention, and public 
health departments in all 50 States and terri-
tories to respond to public health needs related 
to COVID–19 such as testing, contact tracing, 
or related activities; and 
(C) the capacity and ability of the State 
Commissions on National and Community Serv-
ice to respond to the needs of State and local 
governments in each State or territory in which 
such State Commission is in operation. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00557
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
558 
(3) REQUIRED FACTORS OF THE STUDY.—In 
examining new and existing programs, partnerships, 
organizations, and grantees as required under para-
graph (2), the Corporation for National and Com-
munity Service shall examine— 
(A) the cost and resources necessary re-
lated to increased capacity; 
(B) the timeline for implementation of any 
expanded partnerships or increased capacity; 
(C) options to use existing corps programs 
overseen by the Corporation for National and 
Community Service for increasing such capac-
ity, and the role of programs, such as 
AmeriCorps, AmeriCorps VISTA, AmeriCorps 
National Civilian Community Corps, or Senior 
Corps, for increasing capacity; 
(D) the ability to increase diversity, includ-
ing economic, racial, ethnic, and gender diver-
sity, among national service volunteers and pro-
grams; 
(E) the geographic distribution of demand 
by State due to the economic or health related 
impacts of COVID–19 for national service vol-
unteer opportunities across the country and the 
additional volunteer capacity needed to meet 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00558
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
559 
such demand, comparing existing demand for 
volunteer opportunities to expected or realized 
increases as a result of COVID–19; and 
(F) whether any additional administrative 
capacity at the Corporation for National and 
Community Service, such as grantee organiza-
tional capacity, is needed to respond to the in-
creased capacity of such new or existing pro-
grams, partnerships, organizations, and grant-
ees. 
(4) REPORTS
TO
CONGRESSIONAL
COMMIT-
TEES.— 
(A) IN GENERAL.—Not later than 60 days 
after the date of the enactment of this Act, the 
Chief Executive Officer of the Corporation for 
National and Community Service shall submit 
to the congressional committees under subpara-
graph (B) a report on the results of the study 
under paragraph (1) with recommendations on 
the role for the Corporation for National and 
Community Service in responding to the 
COVID–19 national emergency, including any 
recommendations for legislative, regulatory, and 
administrative changes based on findings re-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00559
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
560 
lated to the topics identified under subsection 
(b). 
(B) CONGRESSIONAL
COMMITTEES.—The 
congressional committees under this subpara-
graph are— 
(i) the Committee on Education and 
Labor and the Committee on Appropria-
tions of the House of Representatives; and 
(ii) the Committee on Health, Edu-
cation, Labor, and Pensions and the Com-
mittee on Appropriations of the Senate. 
(c) DEFINITIONS.—In this section, the following defi-
nitions apply: 
(1) COVID–19 NATIONAL
EMERGENCY.—The 
term ‘‘COVID–19 national emergency’’ means the 
national emergency declared by the President under 
the National Emergencies Act (50 U.S.C. 1601 et 
seq.) on March 13, 2020, with respect to COVID– 
19. 
(2) GRANTEE.—The term ‘‘grantee’’ means a 
recipient of a grant under the Domestic Volunteer 
Service Act of 1973 (42 U.S.C. 4950 et seq.) or the 
National and Community Service Act of 1990 (42 
U.S.C. 12501 et seq.) to run a program. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00560
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
561 
(3) POVERTY
LINE
FOR
A
SINGLE
INDI-
VIDUAL.—The term ‘‘poverty line for a single indi-
vidual’’ has the meaning given such term in section 
421 of the Domestic Volunteer Service Act of 1973 
(42 U.S.C. 5061). 
(4) PROGRAM.—The term ‘‘program’’ means a 
program funded under the Domestic Volunteer Serv-
ice Act of 1973 (42 U.S.C. 4950 et seq.) or the Na-
tional and Community Service Act of 1990 (42 
U.S.C. 12501 et seq.). 
(5) STATE
COMMISSION.—The term ‘‘State 
Commission’’ has the meaning given such term in 
section 101 of the National and Community Service 
Act (42 U.S.C. 12511). 
SEC. 306. MATCHING FUNDS WAIVER FOR FORMULA 
GRANTS AND SUBGRANTS UNDER THE FAM-
ILY VIOLENCE PREVENTION AND SERVICES 
ACT. 
(a) WAIVER OF MATCHING FUNDS FOR AWARDED 
GRANTS AND SUBGRANTS.—The Secretary of Health and 
Human Services shall waive— 
(1) the non-Federal contributions requirement 
under subsection (c)(4) of section 306 of the Family 
Violence Prevention and Services Act (42 U.S.C. 
10406) with respect to the grants and subgrants 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00561
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
562 
awarded in fiscal years 2019, 2020, and 2021 to 
each State (as defined in section 302 of such Act 
(42 U.S.C. 10402)) and the eligible entities within 
such State under section 306 or 308 of such Act (42 
U.S.C. 10406; 10408); and 
(2) the reporting requirements required under 
such grants and subgrants that relate to such non- 
Federal contributions requirement. 
(b) WAIVER
OF MATCHING FUNDS
FOR GRANTS 
AWARDED AFTER DATE OF ENACTMENT.— 
(1) IN GENERAL.—Subsection (c)(4) of section 
306 of the Family Violence Prevention and Services 
Act (42 U.S.C. 10406) shall not apply to a qualified 
grant during the period of a public health emergency 
declared pursuant to section 319 of the Public 
Health Service Act (42 U.S.C. 247d) resulting from 
the COVID–19 pandemic. 
(2) QUALIFIED GRANT DEFINED.—In this sub-
section, the term ‘‘qualified grant’’ means a grant or 
subgrant awarded— 
(A) after the date of the enactment of this 
section; and 
(B) under section 306, 308, or 309 of the 
Family Violence Prevention and Services Act 
(42 U.S.C. 10406; 10408; 10409). 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00562
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
563 
DIVISION E—SMALL BUSINESS 
PROVISIONS 
SEC. 100. SHORT TITLE, ETC. 
(a) SHORT TITLE.—This division may be cited as the 
‘‘PPP and EIDL Enhancement Act of 2020’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this division is as follows: 
Sec. 100. Short Title, etc. 
TITLE I—FUNDING PROVISIONS 
Sec. 101. Amount authorized for commitments. 
Sec. 102. Funding for the paycheck protection program. 
Sec. 103. Direct appropriations. 
TITLE II—MODIFICATIONS TO THE PAYCHECK PROTECTION 
PROGRAM 
Sec. 201. Periods for loan forgiveness and application submission. 
Sec. 202. Supplemental covered loans for certain business concerns. 
Sec. 203. Certifications and documentation for forgiveness of covered loans. 
Sec. 204. Eligibility of certain organizations for loans under the paycheck pro-
tection program. 
Sec. 205. Limit on aggregate loan amount for eligible recipients with more than 
one physical location. 
Sec. 206. Allowable uses of covered loans; forgiveness. 
Sec. 207. Documentation required for certain eligible recipients. 
Sec. 208. Exclusion of certain publicly traded and foreign entities. 
Sec. 209. Election of 12-week period by seasonal employers. 
Sec. 210. Inclusion of certain refinancing in nonrecourse requirements. 
Sec. 211. Credit elsewhere requirements. 
Sec. 212. Prohibition on receiving duplicative amounts for payroll costs. 
Sec. 213. Application of certain terms through life of covered loan. 
Sec. 214. Interest calculation on covered loans. 
Sec. 215. Reimbursement for processing. 
Sec. 216. Duplication requirements for economic injury disaster loan recipients. 
Sec. 217. Reapplication for and modification to paycheck protection program. 
Sec. 218. Treatment of certain criminal violations. 
TITLE III—TAX PROVISIONS 
Sec. 301. Improved coordination between paycheck protection program and em-
ployee retention tax credit. 
TITLE IV—COVID–19 ECONOMIC INJURY DISASTER LOAN 
PROGRAM REFORM 
Sec. 401. Sense of Congress. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00563
Fmt 6652
Sfmt 6211
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
564 
Sec. 402. Notices to applicants for economic injury disaster loans or advances. 
Sec. 403. Modifications to emergency EIDL advances. 
Sec. 404. Data transparency, verification, and notices for economic injury dis-
aster loans. 
Sec. 405. Lifeline funding for small business continuity, adaptation, and resil-
iency. 
Sec. 406. Modifications to economic injury disaster loans. 
Sec. 407. Principal and interest payments for certain disaster loans. 
Sec. 408. Training. 
Sec. 409. Outreach plan. 
Sec. 410. Report on best practices. 
Sec. 411. Extension of period of availability for administrative funds. 
TITLE V—MICRO-SBIC AND EQUITY INVESTMENT ENHANCEMENT 
Sec. 501. Micro-SBIC Program. 
TITLE VI—MISCELLANEOUS 
Sec. 601. Repeal of unemployment grants. 
Sec. 602. Subsidy for certain loan payments. 
Sec. 603. Modifications to 7(a) loan programs. 
Sec. 604. Flexibility in deferral of payments of 7(a) loans. 
Sec. 605. Recovery assistance under the microloan program. 
Sec. 606. Maximum loan amount for 504 loans. 
Sec. 607. Temporary fee reductions. 
Sec. 608. Extension of participation in 8(a) program. 
Sec. 609. Report on minority, women, and rural lending. 
Sec. 610. Comprehensive program guidance. 
Sec. 611. Reports on paycheck protection program. 
Sec. 612. Prohibiting conflicts of interest for small business programs under 
the CARES Act. 
Sec. 613. Inclusion of SCORE and Veteran Business Outreach Centers in en-
trepreneurial development programs. 
Sec. 614. Clarification of use of CARES Act funds for small business develop-
ment centers. 
Sec. 615. Funding for the Office of Inspector General of the Small Business 
Administration. 
Sec. 616. Extension of waiver of matching funds requirement under the Wom-
en’s Business Center program. 
Sec. 617. Access to Small Business Administration information and databases. 
Sec. 618. Small business local relief program. 
Sec. 619. Grants for independent live venue operators. 
(c) DEFINITIONS.—In this division: 
(1) ADMINISTRATION.—The term ‘‘Administra-
tion’’ means the Small Business Administration. 
(2) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator of the Small Busi-
ness Administration. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00564
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
565 
(d) EFFECTIVE DATE; APPLICABILITY.—Except as 
otherwise provided in this division, this division and the 
amendments made by this division shall take effect on the 
date of the enactment of this Act and shall apply to loans 
made, or other assistance provided, on or after the date 
of the enactment of this Act. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00565
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
566 
TITLE I—FUNDING PROVISIONS 
SEC. 101. AMOUNT AUTHORIZED FOR COMMITMENTS. 
Section 1102(b)(1) of the CARES Act (Public Law 
116–136) is amended to read as follows: 
‘‘(1) PPP LOANS.—During the period begin-
ning on the date of enactment of this subsection and 
ending on December 31, 2020, subject to the avail-
ability of appropriations, the Administrator may 
make commitments under paragraph (36) of section 
7(a) of the Small Business Act (15 U.S.C. 
636(a)).’’. 
SEC. 102. FUNDING FOR THE PAYCHECK PROTECTION PRO-
GRAM. 
(a) IN GENERAL.—Section 7(a)(36)(S) of the Small 
Business Act (15 U.S.C. 636(a)(36)(S)) is amended to 
read as follows: 
‘‘(S) SET ASIDE FOR CERTAIN ENTITIES.— 
The Administrator shall provide for the cost to 
guarantee covered loans made under this para-
graph— 
‘‘(i) a set aside of not less than 10 
percent of each such amount for covered 
loans— 
‘‘(I) made to eligible recipients 
with 10 or fewer employees, including 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00566
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
567 
individuals who operate under a sole 
proprietorship or as an independent 
contractor and eligible self-employed 
individuals; or 
‘‘(II) less than or equal to 
$250,000 made to an eligible recipient 
that is located in a low- or moderate- 
income neighborhoods (as defined 
under the Community Reinvestment 
Act of 1977). 
‘‘(ii) a set aside of not more than 30 
percent of each such amount for covered 
loan made to nonprofit organizations, orga-
nizations 
described 
in 
subparagraph 
(D)(viii), or housing cooperatives; and 
‘‘(iii) a set aside of not more than 50 
percent of each such amount for supple-
mental covered loans made under subpara-
graph (B)(ii).’’. 
(b) SET ASIDE FOR COMMUNITY FINANCIAL INSTI-
TUTIONS.—Of amounts appropriated by the Paycheck 
Protection Program and Health Care Enhancement Act 
(Public Law 116–139) under the heading ‘‘Small Business 
Administration—Business 
Loans 
Program 
Account, 
CARES Act’’ that have not been obligated or expended, 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00567
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
568 
the 
lesser 
of 
percent 
of 
such 
amounts 
or 
$15,000,000,000 shall be set aside for the cost to guar-
antee covered loans made under section 7(a)(36) of the 
Small Business Act (15 U.S.C. 636(a)(36)) by community 
financial institutions (as such term is defined in subpara-
graph (A)(xi) of such section). 
(c) AMOUNTS RETURNED.—Section 7(a)(36) of the 
Small Business Act (15 U.S.C. 636(a)(36)) is amended 
by adding at the end the following new subparagraph: 
‘‘(T) AMOUNTS RETURNED.—Any amounts 
returned to the Secretary of the Treasury due 
to the cancellation of a covered loan shall be 
solely used for the cost to guarantee covered 
loans made to eligible recipients with 10 or 
fewer employees or covered loans of less than or 
equal to $250,000 made to an eligible recipient 
that is located in a low- or moderate-income 
neighborhoods (as defined under the Commu-
nity Reinvestment Act of 1977).’’. 
SEC. 103. DIRECT APPROPRIATIONS. 
There is appropriated, out of amounts in the Treas-
ury not otherwise appropriated, for additional amounts— 
(1) for the cost of carrying out section 407 of 
this division, $8,000,000,000; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00568
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
569 
(2) for the cost of carrying out title V of this 
division, $1,000,000,000; 
(3) for the cost of carrying out section 603 and 
607 of this division, $1,000,000,000; 
(4) for the cost of carrying out section 605 of 
this division, $57,000,000; 
(5) for the cost of carrying out section 618 of 
this division, $15,000,000,000; and 
(6) for the cost of carrying out section 619 of 
this division, $10,000,000,000. 
TITLE 
II—MODIFICATIONS 
TO 
THE PAYCHECK PROTECTION 
PROGRAM 
SEC. 201. PERIODS FOR LOAN FORGIVENESS AND APPLICA-
TION SUBMISSION. 
(a) PERIOD FOR COSTS THAT ARE ELIGIBLE FOR 
FORGIVENESS AND APPLICATION SUBMISSION.—Section 
1106 of the CARES Act (15 U.S.C. 9005) is amended— 
(1) in subsection (a), by striking paragraph (3) 
and inserting the following: 
‘‘(3) the term ‘covered period’ means the period 
beginning on the date of the origination of a covered 
loan and ending on a date selected by the eligible re-
cipient of the covered loan that— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00569
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
570 
‘‘(A) is not earlier than the date that is 8 
weeks after such date of origination; and 
‘‘(B) is not later than the date that is 24 
weeks after such date of origination;’’; 
(2) in subsection (d), by striking ‘‘December 
31, 2020’’ each place it appears and inserting ‘‘Sep-
tember 30, 2021’’; and 
(3) by striking subsection (l) and inserting the 
following new subsection: 
‘‘(l) APPLICATION DEADLINE.—An eligible recipient 
may apply for forgiveness under this section any time after 
covered period if proceeds from a covered loan have been 
spent and the eligible recipient is in compliance with sub-
sections (e) and (f).’’. 
(b) APPLICABILITY OF AMENDMENTS.—The amend-
ments made by subsection (b) shall be effective as if in-
cluded in the CARES Act (Public Law 116–136) 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)) or section 
1109 of the CARES Act (15 U.S.C. 9008). 
SEC. 202. SUPPLEMENTAL COVERED LOANS FOR CERTAIN 
BUSINESS CONCERNS. 
Section 7(a)(36)(B) of the Small Business Act (15 
U.S.C. 636(a)(36)(B)) is amended— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00570
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
571 
(1) by striking ‘‘Except’’ and inserting the fol-
lowing: 
‘‘(i) IN GENERAL.—Except’’; and 
(2) by adding at the end the following new 
clause: 
‘‘(ii) 
SUPPLEMENTAL
COVERED 
LOANS.— 
‘‘(I) 
DEFINITIONS.—In 
this 
clause— 
‘‘(aa) the terms ‘exchange’, 
‘issuer’, and ‘security’ have the 
meanings given such terms in 
section 3(a) of the Securities Ex-
change Act of 1934 (15 U.S.C. 
78c(a)); 
‘‘(bb) the term ‘gross re-
ceipts’ means gross receipts with-
in the meaning of section 448(c) 
of the Internal Revenue Code of 
1986; 
‘‘(cc) the term ‘national se-
curities exchange’ means an ex-
change registered as a national 
securities exchange under section 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00571
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
572 
6 of the Securities Exchange Act 
of 1934 (15 U.S.C. 78f); 
‘‘(dd) the term ‘publicly 
traded entity’ means an issuer, 
the securities of which are listed 
on a national securities exchange; 
‘‘(ee) the term ‘smaller con-
cern’ means an eligible recipient 
that— 
‘‘(AA) has not more 
than 200 employees; 
‘‘(BB) operates under a 
sole proprietorship or as an 
independent contractor; or 
‘‘(CC) is an eligible 
self-employed individual; and 
‘‘(ff) the term ‘significant 
loss in revenue’ means that, due 
to the impact of COVID–19— 
‘‘(AA) the gross re-
ceipts of the eligible recipi-
ent during the first, second, 
or third calendar quarter of 
2020 are less than 75 per-
cent of the gross receipts of 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00572
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
573 
the eligible recipient during 
the same calendar quarter in 
2019; 
‘‘(BB) if the eligible re-
cipient was not in business 
on April 1, 2019, the gross 
receipts of the eligible recipi-
ent during any 2-month pe-
riod during the first 3 cal-
endar quarters of 2020 are 
less than 75 percent of the 
amount of the gross receipts 
of the eligible recipient dur-
ing any prior 2-month pe-
riod during the first 3 cal-
endar quarters of 2020; or 
‘‘(CC) if the eligible re-
cipient is seasonal employer, 
as determined by the Ad-
ministrator, the gross re-
ceipts of the eligible recipi-
ent during any 2-month pe-
riod during the first 3 cal-
endar quarters of 2020 are 
less than 75 percent of the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00573
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
574 
amount of the gross receipts 
of the eligible recipient dur-
ing the same 2-month period 
in 2019. 
‘‘(II) 
AUTHORITY.—Except 
as 
otherwise provided in this clause, for 
an eligible recipient that has received 
a covered loan under clause (i), the 
Administrator may guarantee a single 
supplemental covered loan to the eligi-
ble recipient under the same terms, 
conditions, and processes as a covered 
loan made under clause (i). 
‘‘(III) CHOICE OF LENDER.—An 
eligible recipient may apply for a sup-
plemental covered loan under this 
clause with the lender that made the 
covered loan under clause (i) to the el-
igible recipient or another lender. 
‘‘(IV) ELIGIBILITY.— 
‘‘(aa) IN GENERAL.—A sup-
plemental covered loan under this 
clause— 
‘‘(AA) may only be 
made to an eligible recipient 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00574
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
575 
that is a smaller concern 
that has had a significant 
loss in revenue and has 
used, or is expending funds 
at a rate that the eligible re-
cipient will use on or before 
the expected date of the dis-
bursement of the supple-
mental covered loan under 
this clause, the full amount 
of the covered loan received 
under clause (i); and 
‘‘(BB) 
may 
not 
be 
made to a publicly traded 
entity. 
‘‘(bb) BUSINESS
CONCERNS 
WITH
MORE
THAN
PHYSICAL 
LOCATION.— 
‘‘(AA) IN
GENERAL.— 
For purposes of a supple-
mental covered loan under 
this clause, subparagraph 
(D)(iii) shall be applied by 
substituting ‘not more than 
200 employees per physical 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00575
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
576 
location’ for ‘not more than 
500 employees per physical 
location’. 
‘‘(BB) LIMIT FOR MUL-
TIPLE LOCATIONS.—For an 
eligible recipient with more 
than 1 physical location, the 
total amount of all supple-
mental covered loans made 
under this clause to the eli-
gible recipient shall not be 
more than $2,000,000. 
‘‘(V) MAXIMUM
AMOUNT.—The 
maximum amount of a supplemental 
covered loan under this clause is the 
lesser of— 
‘‘(aa) the product obtained 
by multiplying— 
‘‘(AA) the average total 
monthly payments for pay-
roll costs by the eligible re-
cipient used to determine 
the maximum amount of the 
covered loan under clause (i) 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00576
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
577 
made to the eligible recipient 
under this paragraph, by 
‘‘(BB) 2.5; or 
‘‘(bb) $2,000,000. 
‘‘(VI) EXCEPTION FROM CERTAIN 
CERTIFICATION
REQUIREMENTS.—An 
eligible recipient applying for a sup-
plemental covered loan under this 
clause shall not be required to make 
the certification described in clauses 
(iii) or (iv) of subparagraph (G). 
‘‘(VII) 
REIMBURSEMENT
FOR 
PROCESSING
SUPPLEMENTAL
PPP.— 
For a supplemental covered loan 
under this clause of less than or equal 
to $50,000, the reimbursement under 
subparagraph (P)(I) by the Adminis-
trator shall not be less than $2,500.’’. 
SEC. 203. CERTIFICATIONS AND DOCUMENTATION FOR 
FORGIVENESS OF COVERED LOANS. 
Section 1106 of the CARES Act (15 U.S.C. 9005) 
is amended— 
(1) in subsection (e), in the matter preceding 
paragraph (1), by striking ‘‘An eligible recipient’’ 
and all that follows through ‘‘an application,’’ and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00577
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
578 
inserting ‘‘Subject to subsection (f), an eligible re-
cipient applying for loan forgiveness under this sec-
tion shall provide proof of the use of covered loan 
proceeds,’’; 
(2) by amending subsection (f) to read as fol-
lows: 
‘‘(f) DOCUMENTATION REQUIREMENTS.—To receive 
loan forgiveness under this section, an eligible recipient 
shall comply with the following requirements: 
‘‘(1) With respect to a covered loan in an 
amount less than or equal to $50,000, the eligible 
recipient— 
‘‘(A) shall certify to the Administrator that 
the eligible recipient has used proceeds from the 
covered loan in compliance with the require-
ments of section 7(a)(36) of the Small Business 
Act (15 U.S.C. 636(a)(36)), including a de-
scription of the amount of proceeds used for 
payroll costs (as defined in such section) and 
the number of employees the eligible recipient 
was able to retain because of such covered loan; 
‘‘(B) is not required to submit any docu-
mentation or application to receive forgiveness 
under this section; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00578
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
579 
‘‘(C) shall certify to the Administrator that 
the eligible recipient can make the documenta-
tion described under subsection (e) available, 
upon request, for a period of time determined 
by the Administrator, which period shall be not 
less than 3 years; and 
‘‘(D) may submit to the Administrator de-
mographic information of the owner of the eligi-
ble recipient, including the sex, race, ethnicity, 
and veteran status of the owner, through a 
process established by the Administrator. 
‘‘(2) With respect to a covered loan in an 
amount greater than $50,000 but less than or equal 
to $150,000, the eligible recipient— 
‘‘(A) shall submit to the lender that is 
servicing the covered loan the certification de-
scribed in paragraph (1)(A) and a simplified 
one-page application form that does not require 
the submission of any documentation described 
under subsection (e); 
‘‘(B) shall make the certification described 
in paragraph (1)(C); and 
‘‘(C) may submit to the Administrator de-
mographic information of the owner of the eligi-
ble recipient, including the sex, race, ethnicity, 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00579
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
580 
and veteran status of the owner, as established 
by the Administrator on the application form 
described in subparagraph (A). 
‘‘(3) With respect to a covered loan in an 
amount greater than $150,000, the eligible recipient 
shall submit to the lender that is servicing the cov-
ered loan the documentation described under sub-
section (e).’’; and 
(3) by amending subsection (g) to read as fol-
lows: 
‘‘(g) LENDER SUBMISSION.—Not later than 60 days 
after the date on which a lender receives an application 
for loan forgiveness under this section from an eligible re-
cipient, the lender shall only be required to review the ap-
plication to ensure completion, including that required at-
testations have been made, before submitting such applica-
tion to the Administrator.’’. 
SEC. 204. ELIGIBILITY OF CERTAIN ORGANIZATIONS FOR 
LOANS UNDER THE PAYCHECK PROTECTION 
PROGRAM. 
Section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36))— 
(1) in subparagraph (A)— 
(A) in clause (vii), by inserting ‘‘covered’’ 
before ‘‘nonprofit’’; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00580
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
581 
(B) in clause (viii)(II)— 
(i) in item (dd), by striking ‘‘or’’ at 
the end; 
(ii) in item (ee), by inserting ‘‘or’’ at 
the end; and 
(iii) by adding at the end the fol-
lowing new item: 
‘‘(ff) any compensation of 
an employee who is a registered 
lobbyist under the Lobbying Dis-
closure Act of 1995;’’; 
(C) by amending clause (ix) to read as fol-
lows: 
‘‘(ix) the term ‘covered organization’ 
means— 
‘‘(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 
that is not a covered nonprofit organi-
zation; 
‘‘(II) an entity created by a State 
or local government that derives the 
majority of its operating budget from 
the production of live events; or 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00581
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
582 
‘‘(III) a destination marketing 
organization;’’; 
(D) in clause (xi)(IV), by striking ‘‘and’’ at 
the end; 
(E) in clause (xii), by striking the period 
at the end and inserting a semicolon; and 
(F) by adding at the end the following new 
clauses: 
‘‘(xiii) the term ‘housing cooperative’ 
means a cooperative housing corporation 
(as defined in section 216(b) of the Inter-
nal Revenue Code of 1986); and 
‘‘(xiv) the term ‘destination marketing 
organization’ means a nonprofit entity that 
is not an organization described in section 
501(c)(6) of the Internal Revenue Code of 
1986 and exempt from tax under section 
501(a) of such Code, a State, or a political 
subdivision of a State (including any in-
strumentality of such entities) engaged in 
marketing and promoting communities and 
facilities to businesses and leisure travelers 
through a range of activities, including— 
‘‘(I) assisting with the location of 
meeting and convention sites; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00582
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
583 
‘‘(II) providing travel information 
on area attractions, lodging accom-
modations, and restaurants; 
‘‘(III) providing maps; and 
‘‘(IV) organizing group tours of 
local historical, recreational, and cul-
tural attractions.’’; and 
(2) in subparagraph (D)— 
(A) in clause (i)— 
(i) by inserting ‘‘covered’’ before 
‘‘nonprofit organization’’ each place it ap-
pears; and 
(ii) by striking ‘‘veterans organiza-
tion’’ each place it appears and inserting 
‘‘housing cooperative’’; 
(B) in clause (iii)— 
(i) by amended the clause heading to 
read as follows: ‘‘REQUIREMENTS
FOR 
RESTAURANTS AND CERTAIN NEWS ORGA-
NIZATIONS’’; 
(ii) by striking ‘‘During the covered 
period, any business concern that employs’’ 
and inserting the following: ‘‘Any business 
concern that— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00583
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
584 
‘‘(I) during the covered period, 
employs’’; 
(iii) in subclause (I), as so designated, 
by striking the period at the end and in-
serting a semicolon; and 
(iv) by adding at the end the following 
new subclauses: 
‘‘(II) was not eligible to receive a 
covered loan the day before the date 
of the enactment of this subclause, is 
assigned a North American Industry 
Classification System code beginning 
with 511110, 515112, or 515120, and 
an individual physical location of the 
business concern at the time of dis-
bursal does not exceed the size stand-
ard established by the Administrator 
for the applicable code shall be eligible 
to receive a covered loan for expenses 
associated with an individual physical 
location of that business concern to 
support the continued provision of 
local news, information, content, or 
emergency information, and, at the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00584
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
585 
time of disbursal, the individual phys-
ical location; or 
‘‘(III) was not eligible to receive 
a covered loan the day before the date 
of the enactment of this subclause, is 
assigned a North American Industry 
Classification System code of 519130, 
is identified as a Internet-only news 
publisher or Internet-only periodical 
publisher, and is engaged in the col-
lection and distribution of local or re-
gional and national news and informa-
tion shall be eligible to receive a cov-
ered loan for expenses to support the 
continued provision of news, informa-
tion, content, or emergency informa-
tion.’’; 
(C) in clause (iv)— 
(i) in subclause (II), by striking 
‘‘and’’ at the end; 
(ii) in subclause (III), by striking the 
period at the end and inserting ‘‘; and’’; 
and 
(iii) by adding at the end the fol-
lowing new subclause: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00585
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
586 
‘‘(IV) an individual physical loca-
tion of a business concern described in 
clause (iii)(II), if such concern does 
not pay, distribute, or otherwise pro-
vide any portion of the covered loan to 
any other entity other than the indi-
vidual physical location that is the in-
tended recipient of the covered loan.’’; 
(D) in clause (v), by striking ‘‘nonprofit 
organization, veterans organization,’’ and in-
serting ‘‘covered organization, covered nonprofit 
organization, housing cooperative,’’; 
(E) in clause (vi), by striking ‘‘nonprofit 
organization and a veterans organization’’ and 
inserting ‘‘covered organization, a covered non-
profit organization, and a housing cooperative’’; 
and 
(F) by adding at the end the following new 
clauses: 
‘‘(vii) ADDITIONAL
REQUIREMENTS 
FOR COVERED ORGANIZATIONS AND COV-
ERED NONPROFIT ORGANIZATIONS.— 
‘‘(I) LOBBYING
RESTRICTION.— 
During the covered period, a covered 
organization that employs less than 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00586
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
587 
500 employees shall be eligible to re-
ceive a covered loan if— 
‘‘(aa) the covered organiza-
tion does not receive more than 
10 percent of its receipts from 
lobbying activities; and 
‘‘(bb) the lobbying activities 
of the covered organization do 
not comprise more than 10 per-
cent of the total activities of the 
covered organization. 
‘‘(II) LARGER ORGANIZATIONS.— 
During the covered period, a covered 
nonprofit organization that employs 
500 employees or more, or a covered 
organization that meets the require-
ments of items (aa) and (bb) of sub-
clause (I) and employs 500 employees 
or more, shall be eligible to receive a 
covered loan if such covered nonprofit 
organization or covered organization 
has had a significant loss in revenue 
(as 
defined 
in 
subparagraph 
(B)(ii)(I)(ff)). 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00587
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
588 
‘‘(viii) INCLUSION
OF
CRITICAL
AC-
CESS HOSPITALS.—During the covered pe-
riod, any covered organization that is a 
critical access hospital (as defined in sec-
tion 1861(mm) of the Social Security Act 
(42 U.S.C. 1395x(mm))) shall be eligible 
to receive a covered loan, regardless of the 
status of such a hospital as a debtor in a 
case under chapter 11 of title 11, Unites 
States Code, or the status of any debts 
owed by such a hospital to the Federal 
Government. 
‘‘(ix) 
ADDITIONAL
REQUIREMENTS 
FOR NEWS BROADCAST ENTITIES.— 
‘‘(I) IN GENERAL.—With respect 
to an individual physical location of a 
business concern described in clause 
(iii)(II), each such location shall be 
treated as an independent, non-
affiliated entity for purposes of this 
paragraph. A parent company, invest-
ment company, or management com-
pany of one or more physical locations 
of a business concern described in 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00588
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
589 
clause (iii)(II) shall not be eligible for 
a covered loan. 
‘‘(II) 
DEMONSTRATION
OF 
NEED.—Any such location that is a 
franchise or affiliate of, or owned or 
controlled by a parent company, in-
vestment company, or the manage-
ment thereof, shall demonstrate, upon 
request of the Administrator, the need 
for a covered loan to support the con-
tinued provision of local news, infor-
mation, content, or emergency infor-
mation, and, at the time of disbursal, 
the individual physical location.’’. 
SEC. 205. LIMIT ON AGGREGATE LOAN AMOUNT FOR ELIGI-
BLE RECIPIENTS WITH MORE THAN ONE 
PHYSICAL LOCATION. 
Section 7(a)(36)(E) of the Small Business Act (15 
U.S.C. 636(a)(36)(E)) is amended by adding at the end 
the following flush matter: 
‘‘With respect to an eligible recipient with more 
than 1 physical location, the total amount of all 
covered loans made under this clause to the eli-
gible 
recipient 
shall 
not 
be 
more 
than 
$10,000,000.’’. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00589
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
590 
SEC. 206. ALLOWABLE USES OF COVERED LOANS; FORGIVE-
NESS. 
(a) PAYCHECK
PROTECTION
PROGRAM.—Section 
7(a)(36) of the Small Business Act (15 U.S.C. 
636(a)(36)) is amended— 
(1) in subparagraph (G)— 
(A) in the subparagraph heading, by strik-
ing ‘‘BORROWER REQUIREMENTS’’ and all that 
follows through ‘‘eligible recipient applying’’ 
and inserting ‘‘BORROWER CERTIFICATION RE-
QUIREMENTS.—An eligible recipient applying’’; 
(B) 
by 
redesignating 
subclauses 
(I) 
through (IV) as clauses (i) through (iv), respec-
tively; and 
(C) in clause (ii), as so redesignated, by 
striking ‘‘to retain workers’’ and all that follows 
through ‘‘utility payments’’ and inserting ‘‘for 
an allowable use described in subparagraph 
(F)’’; 
(2) in subparagraph (F)(i)— 
(A) in subclause (VI), by striking ‘‘and’’ at 
the end; 
(B) in subclause (VII), by striking the pe-
riod at the end and inserting a semicolon; and 
(C) by adding at the end the following new 
subclauses: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00590
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
591 
‘‘(VIII) costs related to the provi-
sion of personal protective equipment 
for employees or other equipment or 
supplies determined by the employer 
to be necessary to protect the health 
and safety of employees and the gen-
eral public; 
‘‘(IX) payments for inventory, 
raw materials, or supplies; and 
‘‘(X) costs related to property 
damage, vandalism, or looting due to 
public disturbances that occurred dur-
ing 2020 that was not covered by in-
surance or other compensation.’’. 
(b) FORGIVENESS.— 
(1) DEFINITION
OF
EXPECTED
FORGIVENESS 
AMOUNT.—Section 1106(a)(7) of the CARES Act 
(15 U.S.C. 9005(a)(7)) is amended— 
(A) in subparagraph (C), by striking 
‘‘and’’ at the end; 
(B) in subparagraph (D), by striking 
‘‘and’’ at the end; and 
(C) by adding at the end the following new 
subparagraphs: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00591
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
592 
‘‘(E) interest on any other debt obligations 
that were incurred before the covered period; 
‘‘(F) any amount that was a loan made 
under subsection (b)(2) that was refinanced as 
part of a covered loan and authorized by section 
7(a)(36)(F)(iv) of the Small Business Act; 
‘‘(G) payments made for the provision of 
personal protective equipment for employees or 
other equipment or supplies determined by the 
employer to be necessary to protect the health 
and safety of employees and the general public; 
‘‘(H) payments made for inventory, raw 
materials, or supplies; and 
‘‘(I) payments related to property damage, 
vandalism, or looting due to public disturbances 
that occurred during 2020 that was not covered 
by insurance or other compensation; and’’. 
(2) FORGIVENESS.—Section 1106(b) of the 
CARES Act (15 U.S.C. 9005(b)), is amended by 
adding at the end the following new paragraphs: 
‘‘(5) Any payment of interest on any other debt 
obligations that were incurred before the covered pe-
riod. 
‘‘(6) Any amount that was a loan made under 
section 7(b)(2) of the Small Business Act that was 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00592
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
593 
refinanced as part of a covered loan and authorized 
by section 7(a)(36)(F)(iv) of such Act. 
‘‘(7) Any payment made for the provision of 
personal protective equipment for employees or other 
equipment or supplies determined by the employer to 
be necessary to protect the health and safety of em-
ployees. 
‘‘(8) Any payment made for inventory, raw ma-
terials, or supplies. 
‘‘(9) Any payments related to property damage, 
vandalism, or looting due to public disturbances that 
occurred during 2020 that was not covered by insur-
ance or other compensation.’’. 
(3) CONFORMING AMENDMENTS.—Section 1106 
of the CARES Act (15 U.S.C. 9005) is amended— 
(A) in subsection (e), as amended by sec-
tion 203— 
(i) in paragraph (2), by striking ‘‘pay-
ments on covered mortgage obligations, 
payments on covered lease obligations, and 
covered utility payments’’ and inserting 
‘‘payments or amounts refinanced de-
scribed under subsection (b) (other than 
payroll costs)’’; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00593
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
594 
(ii) in paragraph (3)(B), by striking 
‘‘, make interest payments’’ and all that 
follows through ‘‘or make covered utility 
payments’’ and inserting ‘‘, make pay-
ments described under subsection (b), or 
that was refinanced as part of a covered 
loan 
and 
authorized 
by 
section 
7(a)(36)(F)(iv) of the Small Business 
Act’’; and 
(B) in subsection (h), by striking ‘‘pay-
ments for payroll costs, payments on covered 
mortgage obligations, payments on covered 
lease obligations, or covered utility payments’’ 
each place it appears and inserting ‘‘payments 
or amounts refinanced described under sub-
section (b)’’. 
SEC. 207. DOCUMENTATION REQUIRED FOR CERTAIN ELI-
GIBLE RECIPIENTS. 
Section 7(a)(36)(D)(ii)(II) of the Small Business Act 
(15 U.S.C. 636(a)(36)(D)(ii)(II)) is amended by striking 
‘‘as is necessary’’ and all that follows through the period 
at the end and inserting ‘‘as determined necessary by the 
Administrator and the Secretary, to establish such indi-
vidual as eligible.’’. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00594
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
595 
SEC. 208. EXCLUSION OF CERTAIN PUBLICLY TRADED AND 
FOREIGN ENTITIES. 
Section 7(a)(36)(D) of the Small Business Act (15 
U.S.C. 636(a)(36)(D)), as amended by section 204 is fur-
ther amended by adding at the end the following new 
clause: 
‘‘(x) EXCLUSION
OF
CERTAIN
PUB-
LICLY TRADED AND FOREIGN ENTITIES.— 
Effective on the date of the enactment of 
this clause— 
‘‘(I) an issuer, the securities of 
which are traded on a national securi-
ties exchange, is not eligible to receive 
a covered loan under this section; and 
‘‘(II) an entity that is 51 percent 
or more owned by a foreign person, or 
the management and daily business 
operations of which are controlled by 
a foreign person (excluding an entity 
owned and controlled by a person 
domiciled in a territory or possession 
of the United States), is not eligible to 
receive a covered loan under this sec-
tion.’’. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00595
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
596 
SEC. 209. ELECTION OF 12-WEEK PERIOD BY SEASONAL EM-
PLOYERS. 
Section 7(a)(36)(E)(i)(I)(aa)(AA) of the Small Busi-
ness Act (15 U.S.C. 636(a)(36)(E)(i)(I)(aa)(AA)) is 
amended by striking ‘‘an applicant’’ and all that follows 
through ‘‘June 30, 2019’’ and inserting the following: ‘‘an 
applicant that is a seasonal employer, as determined by 
the Administrator, shall use the average total monthly 
payments for payroll for any 12-week period selected by 
the seasonal employer between February 15, 2019, and 
December 31, 2019’’. 
SEC. 210. INCLUSION OF CERTAIN REFINANCING IN NON-
RECOURSE REQUIREMENTS. 
Section 7(a)(36)(F)(v) of the Small Business Act (15 
U.S.C. 636(a)(36)(F)(v)) is amended by striking ‘‘clause 
(i)’’ and inserting ‘‘clauses (i) and (iv)’’. 
SEC. 211. CREDIT ELSEWHERE REQUIREMENTS. 
Section 7(a)(36)(I) of the Small Business Act (15 
U.S.C. 636(a)(36)(I)) is amended to read as follows: 
‘‘(I) CREDIT
ELSEWHERE.—The require-
ment that a small business concern is unable to 
obtain credit elsewhere (as defined in section 
3(h))— 
‘‘(i) shall not apply to a covered loan 
approved by the Administrator before the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00596
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
597 
date of enactment of this subparagraph; 
and 
‘‘(ii) shall only apply to covered loans 
in an amount greater than $350,000 ap-
proved by the Administrator on or after 
the date of the enactment of this subpara-
graph.’’. 
SEC. 
212. 
PROHIBITION 
ON 
RECEIVING 
DUPLICATIVE 
AMOUNTS FOR PAYROLL COSTS. 
(a) PAYCHECK PROTECTION PROGRAM.—Clause (iv) 
of section 7(a)(36)(G) of the Small Business Act (15 
U.S.C. 636(a)(36)(G)), as redesignated by section 206, is 
amended— 
(1) by striking ‘‘December 31, 2020’’ and in-
serting ‘‘June 30, 2020’’; and 
(2) by striking ‘‘the same purpose and’’ and in-
serting ‘‘payments for payroll costs incurred during 
such period’’. 
(b) TREASURY PROGRAM.—Section 1109(f) of the 
CARES Act (15 U.S.C. 9008(f)) is amended— 
(1) in paragraph (1), by striking ‘‘for the same 
purpose’’ and inserting ‘‘for payments for payroll 
costs (as defined in section 7(a)(36)(A)(viii) of the 
Small 
Business 
Act 
(15 
U.S.C. 
636(a)(36)(A)(viii))’’; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00597
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
598 
(2) in paragraph (2), by striking ‘‘December 
31, 2020’’ and inserting ‘‘June 30, 2020’’. 
SEC. 213. APPLICATION OF CERTAIN TERMS THROUGH 
LIFE OF COVERED LOAN. 
Section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36)) is amended— 
(1) in subparagraph (H), by striking ‘‘During 
the covered period, with’’ and inserting ‘‘With’’; 
(2) in subparagraph (J), by striking ‘‘During 
the covered period, with’’ and inserting ‘‘With’’; 
(3) in subparagraph (M)— 
(A) in clause (ii), by striking ‘‘During the 
covered period, the’’ and inserting ‘‘The’’; and 
(B) in clause (iii), by striking ‘‘During the 
covered period, with’’ and inserting ‘‘With’’. 
SEC. 214. INTEREST CALCULATION ON COVERED LOANS. 
Section 7(a)(36)(L) of the Small Business Act (15 
U.S.C. 636(a)(36)(L)) is amended by inserting ‘‘, cal-
culated on a non-compounding, non-adjustable basis’’ 
after ‘‘4 percent’’. 
SEC. 215. REIMBURSEMENT FOR PROCESSING. 
Section 7(a)(36)(P) of the Small Business Act (15 
U.S.C. 636(a)(36)(P)) is amended— 
(1) in clause (ii), by inserting at the end the 
following: ‘‘Such fees shall be paid by the eligible re-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00598
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
599 
cipient and may not be paid out of the proceeds of 
a covered loan. A lender shall only be responsible for 
paying fees to an agent for services for which such 
lender directly contracts with such agent.’’; and 
(2) by amending clause (iii) to read as follows: 
‘‘(iii) TIMING.—A reimbursement de-
scribed in clause (i) shall be made not later 
than 5 days after the reported disburse-
ment of the covered loan and may not be 
required to be repaid by a lender unless 
the lender is found guilty of an act of 
fraud in connection with the covered 
loan.’’. 
SEC. 216. DUPLICATION REQUIREMENTS FOR ECONOMIC 
INJURY DISASTER LOAN RECIPIENTS. 
Section 7(a)(36)(Q) of the Small Business Act (15 
U.S.C. 636(a)(36)(Q)) is amended by striking ‘‘during the 
period beginning on January 31, 2020, and ending on the 
date on which covered loans are made available’’. 
SEC. 217. REAPPLICATION FOR AND MODIFICATION TO 
PAYCHECK PROTECTION PROGRAM. 
Not later than 7 days after the date of the enactment 
of this Act, the Administrator shall issue rules or guidance 
to ensure that an eligible recipient of a covered loan made 
under section 7(a)(36) of the Small Business Act (15 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00599
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
600 
U.S.C. 636(a)(36)) that returns amounts disbursed under 
such covered loan or does not accept the full amount of 
such covered loan for which such eligible recipient was ap-
proved— 
(1) in the case of an eligible recipient that re-
turned all or part of a covered loan, such eligible re-
cipient may reapply for a covered loan for an 
amount equal to the difference between the amount 
retained and the maximum amount applicable; and 
(2) in the case of an eligible recipient that did 
not accept the full amount of a covered loan, such 
eligible recipient may request a modification to in-
crease the amount of the covered loan to the max-
imum amount applicable, subject to the require-
ments of such section 7(a)(36). 
SEC. 218. TREATMENT OF CERTAIN CRIMINAL VIOLATIONS. 
(a) IN GENERAL.—Section 7(a)(36) of the Small 
Business Act (15 U.S.C. 636(a)(36)), as amended by sec-
tion 101, is further amended by adding at the end the 
following new subparagraph: 
‘‘(U) TREATMENT OF CERTAIN CRIMINAL 
VIOLATIONS.— 
‘‘(i) FINANCIAL
FRAUD
OR
DECEP-
TION.—A entity that is a business, organi-
zation, cooperative, or enterprise may not 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00600
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
601 
receive a covered loan if an owner of 20 
percent or more of the equity of such enti-
ty, during the 5-year period preceding the 
date on which such entity applies for a cov-
ered loan, has been convicted of a felony of 
financial fraud or deception under Federal, 
State, or Tribal law. 
‘‘(ii) ARRESTS OR CONVICTIONS.—An 
entity that is a business, organization, co-
operative, or enterprise shall be an eligible 
recipient notwithstanding a prior arrest or 
conviction under Federal, State, or Tribal 
law of an owner of 20 percent or more of 
the equity of such entity, unless such 
owner is currently incarcerated. 
‘‘(iii) WAIVER.—The Administrator 
may waive the requirements of clause (i).’’. 
(b) RULEMAKING.—Not later than 15 days after the 
date of enactment of this Act, the Administrator shall 
make necessary revisions to any rules to carry out the 
amendment made by this section. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00601
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
602 
TITLE III—TAX PROVISIONS 
SEC. 301. IMPROVED COORDINATION BETWEEN PAYCHECK 
PROTECTION PROGRAM AND EMPLOYEE RE-
TENTION TAX CREDIT. 
(a) AMENDMENT TO PAYCHECK PROTECTION PRO-
GRAM.—Section 1106(a)(8) of the CARES Act (15 U.S.C. 
9005(a)(8)) is amended by inserting ‘‘, except that such 
costs shall not include qualified wages taken into account 
in determining the credit allowed under section 2301 of 
this Act’’ before the period at the end. 
(b) AMENDMENTS TO EMPLOYEE RETENTION TAX 
CREDIT.— 
(1) IN
GENERAL.—Section 2301(g) of the 
CARES Act (Public Law 116–136; 26 U.S.C. 3111 
note) is amended to read as follows: 
‘‘(g) ELECTION TO NOT TAKE CERTAIN WAGES INTO 
ACCOUNT.— 
‘‘(1) IN GENERAL.—This section shall not apply 
to so much of the qualified wages paid by an eligible 
employer as such employer elects (at such time and 
in such manner as the Secretary may prescribe) to 
not take into account for purposes of this section. 
‘‘(2) COORDINATION WITH PAYCHECK PROTEC-
TION
PROGRAM.—The Secretary, in consultation 
with the Administrator of the Small Business Ad-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00602
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
603 
ministration, shall issue guidance providing that 
payroll costs paid or incurred during the covered pe-
riod shall not fail to be treated as qualified wages 
under this section by reason of an election under 
paragraph (1) to the extent that a covered loan of 
the eligible employer is not forgiven by reason of a 
decision under section 1106(g). Terms used in the 
preceding sentence which are also used in section 
1106 shall have the same meaning as when used in 
such section.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 2301 of the CARES Act (Pub-
lic Law 116–136; 26 U.S.C. 3111 note) is 
amended by striking subsection (j). 
(B) Section 2301(l) of the CARES Act 
(Public Law 116–136; 26 U.S.C. 3111 note) is 
amended by striking paragraph (3) and by re-
designating paragraphs (4) and (5) as para-
graphs (3) and (4), respectively. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall take effect as if included in the provisions 
of the CARES Act (Public Law 116–136) to which they 
relate. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00603
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
604 
TITLE IV—COVID–19 ECONOMIC 
INJURY DISASTER LOAN PRO-
GRAM REFORM 
SEC. 401. SENSE OF CONGRESS. 
It is the sense of Congress that— 
(1) many businesses that have received eco-
nomic injury disaster loans under section 7(b)(2) of 
the Small Business Act (15 U.S.C. 636(b)) continue 
to suffer from the effects of the COVID–19 pan-
demic and may not be in a position to make pay-
ments in the near term; 
(2) the Administrator of the Small Business 
Administration has the authority under the Small 
Business Act (15 U.S.C. 631 et seq.) to reduce the 
interest charged on loans and to offer borrowers up 
to 4 years of deferment on the payment of interest 
and principal; and 
(3) the Congress encourages the Administrator 
of the Small Business Administration to use this dis-
cretion to provide relief to the hardest hit small 
businesses that have received or will receive direct 
loans from the Administration under section 7(b)(2) 
of the Small Business Act (15 U.S.C. 636(b)(2)). 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00604
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
605 
SEC. 402. NOTICES TO APPLICANTS FOR ECONOMIC INJURY 
DISASTER LOANS OR ADVANCES. 
Section 7(b)(11) of the Small Business Act (15 
U.S.C. 636(b)(11) is amended— 
(1) by striking ‘‘The Administrator’’ and insert-
ing the following: 
‘‘(A) IN GENERAL.—The Administrator’’; 
and 
(2) by adding at the end the following new sub-
paragraphs: 
‘‘(B) ACCEPTANCE CRITERIA AND QUALI-
FICATIONS.—In carrying out subparagraph (A), 
the Administrator shall— 
‘‘(i) publish on the website of the Ad-
ministration a description of the rules 
issued with respect to a loan made under 
this subsection, which shall be clear and 
easy to understand; and 
‘‘(ii) upon receiving an application for 
a loan under this subsection, provide to the 
loan applicant the description described in 
clause (i). 
‘‘(C) RIGHT
TO
EXPLANATION
OF
DE-
CLINED LOAN OR ADVANCE.— 
‘‘(i) IN GENERAL.—The Administrator 
shall— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00605
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
606 
‘‘(I) provide all applicants for a 
loan under this subsection or an ad-
vance under section 1110(e) of the 
CARES Act for which the loan or ad-
vance application was fully or partially 
denied with a complete written appli-
cation of the reason for the denial at 
the time the decision is made; 
‘‘(II) establish a dedicated tele-
phonic information line and e-mail ad-
dress to respond to further inquiries 
about denied applications described in 
subclause (I); and 
‘‘(III) before fully or partially de-
nying an application for a loan under 
this subsection or an advance under 
such section 1110(e) because the ap-
plicant submitted incomplete informa-
tion— 
‘‘(aa) contact the applicant 
and give the applicant the oppor-
tunity to provide that informa-
tion; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00606
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
607 
‘‘(bb) reconsider the applica-
tion with any additional informa-
tion provided. 
‘‘(ii) SUBMISSION OF ADDITIONAL IN-
FORMATION.—An applicant for a loan 
under this subsection or an advance under 
section 1110(e) of the CARES Act that 
can remedy the grounds for denial of the 
application by submitting additional infor-
mation under clause (i)(III)— 
‘‘(I) shall have the opportunity to 
do so directly with a loan officer; and 
‘‘(II) shall not be required to 
seek a remedy through the appeals 
process of the Administration.’’. 
SEC. 403. MODIFICATIONS TO EMERGENCY EIDL AD-
VANCES. 
Section 1110(e)(1) of division A of the CARES Act 
(15 U.S.C. 90009(e)) is amended to read as follows: 
‘‘(1) IN GENERAL.—During the covered period, 
an entity included for eligibility in subsection (b), in-
cluding small business concerns, private nonprofit 
organizations, 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 re-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00607
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
608 
sponse to COVID–19 shall be provided an advance 
that is, subject to paragraph (3), disbursed within 3 
days after the Administrator receives an application 
from such entity, unless the advance is specifically 
declined by such entity.’’. 
SEC. 404. DATA TRANSPARENCY, VERIFICATION, AND NO-
TICES FOR ECONOMIC INJURY DISASTER 
LOANS. 
(a) IN GENERAL.—Section 1110 of the CARES Act 
(15 U.S.C. 9009) is amended— 
(1) by redesignating subsection (f) as sub-
section (j); and 
(2) by inserting after subsection (e) the fol-
lowing new subsections: 
‘‘(f) DATA TRANSPARENCY.— 
‘‘(1) IN GENERAL.—In this subsection, the term 
‘covered application’ means an application submitted 
to the Administrator for a loan under section 
7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)), including an application for such a loan 
submitted by an eligible entity. 
‘‘(2) WEEKLY
REPORTS.—Not later than 1 
week after the date of enactment of this subsection, 
and weekly thereafter until the end of the covered 
period, the Administrator shall publish on the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00608
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
609 
website of the Administration a report that contains 
the following information: 
‘‘(A) For the week covered by the report, 
the number of covered applications that the Ad-
ministrator— 
‘‘(i) received; 
‘‘(ii) processed; and 
‘‘(iii) approved and rejected, including 
the percentage of covered applications that 
the Administrator approved. 
‘‘(B) With respect to the covered applica-
tions that the Administrator approved during 
that week, the number and dollar amount of the 
loans made with respect to such applications as 
part of a response to COVID–19. 
‘‘(C) The identification number, or other 
indicator showing the order in which any appli-
cation was received and intended to be proc-
essed, for the most recent covered application 
processed by the Administrator. 
‘‘(D) Demographic data with respect to ap-
plicants submitting covered applications during 
the week covered by the report and loans made 
pursuant to covered applications during the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00609
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
610 
week covered by the report, which shall in-
clude— 
‘‘(i) with respect to each such appli-
cant or loan recipient, as applicable, infor-
mation regarding— 
‘‘(I) the geographic area in which 
the applicant or loan recipient oper-
ates; 
‘‘(II) if applicable, the sex, race, 
and ethnicity of each owner of the ap-
plicant or loan recipient, which the in-
dividual may decline to provide; 
‘‘(III) the annual revenue of the 
applicant or loan recipient; 
‘‘(IV) the number of employees 
employed by the applicant or loan re-
cipient; 
‘‘(V) whether the applicant or 
loan recipient is a for-profit or non-
profit entity; and 
‘‘(VI) the industry in which the 
applicant or loan recipient operates; 
‘‘(ii) the number of such loans made 
to agricultural enterprises; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00610
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
611 
‘‘(iii) the average economic injury suf-
fered by— 
‘‘(I) applicants, the covered appli-
cations of which the Administrator 
approved; and 
‘‘(II) applicants, the covered ap-
plications of which the Administrator 
rejected. 
‘‘(g) VERIFICATION OF BUSINESS ELIGIBILITY.— 
‘‘(1) IN GENERAL.—With respect to an applica-
tion submitted to the Administrator during the cov-
ered period for a loan under section 7(b)(2) of the 
Small Business Act (15 U.S.C. 636(b)(2)) in re-
sponse to COVID–19, the Administrator shall verify 
that each such applicant was in operation on Janu-
ary 31, 2020. 
‘‘(2) REPORT.—Not later than 30 days after 
the date of enactment of this subsection, the Admin-
istrator shall submit to Congress a report that de-
scribes the steps taken by the Administrator to per-
form the verification required under paragraph (1). 
‘‘(3) SENSE OF CONGRESS.—It is the sense of 
Congress that the verification required under para-
graph (1) constitutes oversight that the Adminis-
trator is required to perform under paragraph (15) 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00611
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
612 
of section 7(b) of the Small Business Act (15 U.S.C. 
636(b)) with respect to entities receiving loans under 
paragraph (2) of such section 7(b). 
‘‘(h) NOTIFICATIONS TO CONGRESS.— 
‘‘(1) DEFINITIONS.—In this subsection— 
‘‘(A) the term ‘appropriate committees of 
Congress’ means— 
‘‘(i) the Committee on Small Business 
and 
Entrepreneurship 
and 
the 
Sub-
committee on Financial Services and Gen-
eral Government of the Committee on Ap-
propriations of the Senate; and 
‘‘(ii) the Committee on Small Busi-
ness and the Subcommittee on Financial 
Services and General Government of the 
Committee on Appropriations of the House 
of Representatives; and 
‘‘(B) the term ‘covered program, project, 
or activity’ means— 
‘‘(i) the program under this section; 
‘‘(ii) the loan program under section 
7(b)(2) of the Small Business Act (15 
U.S.C. 636(b)(2)); 
‘‘(iii) the authorized activities for 
amounts were appropriated in response to 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00612
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
613 
the COVID–19 pandemic under the head-
ing ‘Small Business Administration—Sala-
ries and Expenses’; or 
‘‘(iv) any other program, project, or 
activity for which funds are made available 
to the Administration to respond to the 
COVID–19 pandemic. 
‘‘(2) 
NOTICE
OF
APPROACHING
FUNDING 
LAPSE.—The Administrator shall submit to the ap-
propriate committees of Congress a notification not 
later than 2 days after the date on which unobli-
gated balances of amounts appropriated for a fiscal 
year for any covered program, project, or activity 
are less than 25 percent of the total amount appro-
priated for the covered program, project, or activity 
for such fiscal year. 
‘‘(3) MONTHLY
REPORT.—The Administrator 
shall submit to the appropriate committees of Con-
gress a monthly report detailing the current and fu-
ture planned uses of amounts appropriated in re-
sponse to the COVID–19 pandemic under the head-
ing ‘Small Business Administration—Salaries and 
Expenses’, which shall include— 
‘‘(A) the number of employees hired and 
contractors retained using such amounts; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00613
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
614 
‘‘(B) the number of contracts with a total 
cost of more than $5,000,000 entered into 
using such amounts; 
‘‘(C) a list of all sole source contracts en-
tered into using such amounts; and 
‘‘(D) any program changes, regulatory ac-
tions, guidance issuances, or other initiatives 
relating to the response to the COVID–19 pan-
demic.’’. 
(b) RETROACTIVE COLLECTION.—As soon as is prac-
ticable after the date of enactment of this Act, the Admin-
istrator shall collect the information required under sec-
tion 1110(f) of the CARES Act (15 U.S.C. 9009(f)), as 
amended by subsection (a), from applicants that sub-
mitted covered applications (as defined in such section 
1110(f)) during the period beginning on the date of enact-
ment of the CARES Act (Public Law 116–136) and end-
ing on the date of enactment of this Act. 
SEC. 405. LIFELINE FUNDING FOR SMALL BUSINESS CON-
TINUITY, ADAPTATION, AND RESILIENCY. 
Section 1110 of the CARES Act (15 U.S.C. 9009), 
as amended by section 404, is further amended by insert-
ing after subsection (i) (as added by such section) the fol-
lowing new subsection: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00614
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
615 
‘‘(i) LIFELINE FUNDING FOR SMALL BUSINESS CON-
TINUITY, ADAPTATION, AND RESILIENCY.— 
‘‘(1) DEFINITIONS.—In this subsection: 
‘‘(A) AGRICULTURAL
ENTERPRISE.—The 
term ‘agricultural enterprise’ has the meaning 
given the term in section 18(b) of the Small 
Business Act (15 U.S.C. 647(b)). 
‘‘(B) COVERED ENTITY.—The term ‘cov-
ered entity’— 
‘‘(i) means an eligible entity described 
in subsection (b) of this section, if such eli-
gible entity— 
‘‘(I) has not more than 50 em-
ployees; and 
‘‘(II) has suffered an economic 
loss of not less than 30 percent; and 
‘‘(ii) except with respect to an entity 
included under section 123.300(c) of title 
13, Code of Federal Regulations, or any 
successor regulation, does not include an 
agricultural enterprise. 
‘‘(C) ECONOMIC
LOSS.—The term ‘eco-
nomic loss’ means, with respect to a covered en-
tity, the amount by which the gross receipts of 
the covered entity declined during an 8-week 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00615
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
616 
period between March 2, 2020, and December 
31, 2020 (as determined by the covered entity), 
relative to a comparable 8-week period imme-
diately preceding March 2, 2020, or during 
2019 (as determined by the covered entity). 
‘‘(D) ECONOMICALLY DISADVANTAGED IN-
DIVIDUAL.—The term ‘economically disadvan-
taged individual’ means an economically dis-
advantaged individual under section 124.104 of 
title 13, Code of Federal Regulations, or any 
successor regulation. 
‘‘(E) 
LOW-INCOME
COMMUNITY.—The 
term ‘low-income community’ has the meaning 
given the term in section 45D(e) of the Internal 
Revenue Code of 1986. 
‘‘(F) 
REMOTE
RECREATIONS
ENTER-
PRISE.—The term ‘remote recreational enter-
prise’ means a covered entity that was in oper-
ation on or before March 1, 2020, that can doc-
ument an economic loss caused by the closure 
of the United States and Canadian border that 
restricted the ability of American customers to 
access the location of the covered entity. 
‘‘(G) SMALL
BUSINESS
CONCERN.—The 
term ‘small business concern’ has the meaning 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00616
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
617 
given the term under section 3(a) of the Small 
Business Act (15 U.S.C. 632(a)). 
‘‘(H) SOCIALLY
DISADVANTAGED
INDI-
VIDUAL.—The term ‘socially disadvantaged in-
dividual’ means a socially disadvantaged indi-
vidual under section 124.103 of title 13, Code 
of Federal Regulations, or any successor regula-
tion. 
‘‘(2) PROCEDURE.—During the covered period, 
a covered entity that applies for a loan under section 
7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)) may request that the Administrator pro-
vide funding for the purposes described in paragraph 
(6). 
‘‘(3) VERIFICATION.—With respect to each re-
quest submitted by an entity under paragraph (2), 
the Administrator shall— 
‘‘(A) not later than 14 days after the date 
on which the Administrator receives the re-
quest, verify whether the entity is a covered en-
tity; and 
‘‘(B) if the Administrator verifies that the 
entity is a covered entity under clause (i), and 
subject to paragraph (8), disburse the funding 
requested by the covered entity not later than 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00617
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
618 
7 days after the date on which the Adminis-
trator completes the verification. 
‘‘(4) ORDER OF PROCESSING.—Subject to para-
graph (8), the Administrator shall process and ap-
prove requests submitted under paragraph (2) in the 
order the Administrator receives the requests. 
‘‘(5) AMOUNT OF FUNDING.— 
‘‘(A) IN GENERAL.—The amount of fund-
ing provided to a covered entity that submits a 
request under paragraph (2) shall be in an 
amount that is the lesser of— 
‘‘(i) the amount of working capital 
needed by the covered entity for the 180- 
day period beginning on the date on which 
the covered entity would receive the fund-
ing, as determined by the Administrator 
using a methodology that is identical to the 
methodology used by the Administrator to 
determine working capital needs with re-
spect to an application for a loan sub-
mitted under section 7(b)(2) of the Small 
Business Act (15 U.S.C. 636(b)(2)); or 
‘‘(ii) $50,000. 
‘‘(B) ENTITLEMENT TO FULL AMOUNT.— 
A covered entity that receives funding pursuant 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00618
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
619 
to a request submitted under paragraph (2) 
shall be entitled to receive the full amount of 
that funding, as determined under subpara-
graph (A), without regard to— 
‘‘(i) if the applicable loan for which 
the covered entity has applied under sec-
tion 7(b)(2) of the Small Business Act (15 
U.S.C. 636(b)(2)) is approved, the amount 
of the loan; 
‘‘(ii) whether the covered entity ac-
cepts the offer of the Administrator with 
respect to an approved loan described in 
clause (i); or 
‘‘(iii) whether the covered entity has 
previously received any amounts under 
subsection (e). 
‘‘(6) USE OF FUNDS.—A covered entity that re-
ceives funding under this subsection— 
‘‘(A) may use the funding— 
‘‘(i) for any purpose for which a loan 
received under section 7(b)(2) of the Small 
Business Act (15 U.S.C. 636(b)(2)) may 
be used; 
‘‘(ii) for working capital needs, includ-
ing investments to implement adaptive 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00619
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
620 
changes or resiliency strategies to help the 
eligible entity maintain business continuity 
during the COVID–19 pandemic; or 
‘‘(iii) to repay any unpaid amount 
of— 
‘‘(I) a loan received under sub-
section (a)(36) or (b)(2) of section 7 
of the Small Business Act (15 U.S.C. 
636); or 
‘‘(II) mortgage interest; and 
‘‘(B) may not use the funding to pay any 
loan debt, except as provided in subparagraph 
(A)(iii). 
‘‘(7) APPLICABILITY.—In addition to any other 
restriction imposed under this subsection, any eligi-
bility restriction applicable to a loan made under 
section 7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)), including any restriction under section 
123.300 or 123.301 of title 13, Code of Federal 
Regulations, or any successor regulation, shall apply 
with respect to funding provided under this sub-
section. 
‘‘(8) PRIORITY.—During the 56-day period be-
ginning on the date of enactment of this subsection, 
the Administrator may approve a request for fund-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00620
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
621 
ing under this subsection only if the request is sub-
mitted by— 
‘‘(A) a covered entity located in a low-in-
come community; 
‘‘(B) a covered entity owned or controlled 
by a veteran or a member of the Armed Forces; 
‘‘(C) a covered entity owned or controlled 
by an economically disadvantaged individual or 
a socially disadvantaged individual; or 
‘‘(D) a remote recreational enterprise. 
‘‘(9) ADMINISTRATION.—In carrying out this 
subsection, the Administrator may rely on loan offi-
cers and other personnel of the Office of Disaster 
Assistance of the Administration and other resources 
of the Administration, including contractors of the 
Administration. 
‘‘(10) RETROACTIVE EFFECT.—Any covered en-
tity that, during the period beginning on January 1, 
2020, and ending on the day before the date of en-
actment of this subsection, applied for a loan under 
section 7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)) may submit to the Administrator a re-
quest under paragraph (2) with respect to that loan. 
‘‘(11) AUTHORIZATION OF APPROPRIATIONS.— 
There are authorized to be appropriated to the Ad-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00621
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
622 
ministrator $40,000,000,000 to carry out this sub-
section, which shall remain available through De-
cember 31, 2020, of which— 
‘‘(A) $20,00,000,000 is authorized to be 
appropriated to provide funding to covered enti-
ties described in paragraph (8); and 
‘‘(B) $20,000,000 is authorized to be ap-
propriated to the Inspector General of the Ad-
ministration to prevent waste, fraud, and abuse 
with respect to funding provided under this 
subsection.’’. 
SEC. 406. MODIFICATIONS TO ECONOMIC INJURY DISASTER 
LOANS. 
(a) LOANS FOR NEW BORROWERS.—With respect to 
a loan made under section 7(b)(2) of the Small Business 
Act (15 U.S.C. 636(b)(2)) to a borrower adversely im-
pacted by COVID–19 during the period beginning on the 
date of enactment of this Act and ending on December 
31, 2020— 
(1) the borrower shall be eligible for a loan in 
an amount equal to 6 months of working capital if 
the borrower otherwise meets the underwriting 
standards established by the Administration; and 
(2) the Administrator— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00622
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
623 
(A) shall not impose a maximum loan 
amount limit that is lower than $2,000,000; 
and 
(B) shall not disqualify any applicant for 
such a loan due to the criminal history or arrest 
record of the applicant, except in the case of an 
applicant that, during the 5-year period pre-
ceding the date on which the applicant submits 
an application, has been convicted— 
(i) of a felony offense involving fraud, 
bribery, or embezzlement in any State or 
Federal court; or 
(ii) in connection with a false state-
ment made in— 
(I) a loan application; or 
(II) an application for Federal fi-
nancial assistance. 
(b) 
ADDITIONAL
LOAN
FOR
EXISTING
BOR-
ROWERS.— 
(1) IN GENERAL.—A recipient of a loan made 
under section 7(b)(2) of the Small Business Act (15 
U.S.C. 636(b)(2)) to a borrower adversely impacted 
by COVID–19 during the period beginning on Janu-
ary 31, 2020, and ending on the date of enactment 
of this Act may submit to the Administrator a re-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00623
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
624 
quest for an additional amount to increase in the 
amount of that loan, provided that the aggregate 
amount received under such section by the recipient 
during that period shall be not more than the lesser 
of— 
(A) an amount equal to 6 months of work-
ing capital for the recipient; and 
(B) $2,000,000; and 
(2) CONSIDERATION.—In considering a request 
submitted under paragraph (1), the Administrator— 
(A) may not recalculate the economic in-
jury or creditworthiness of the borrower; and 
(B) shall issue a determination based on 
the documentation submitted by the borrower 
for the initial loan under such section 7(b)(2), 
any other new information voluntarily provided 
by the borrower, and any information obtained 
to prevent fraud or abuse. 
(3) ADDITIONAL DOCUMENTATION.—If the Ad-
ministrator of the Small Business Administration re-
quires a borrower making a request under para-
graph (1) to provide additional documentation, the 
Administrator shall— 
(A) publish those documentation require-
ments on the website of the Administration not 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00624
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
625 
later than 7 days after the date of enactment 
of this Act; and 
(B) proactively provide those requirements 
to any such borrower that received a loan de-
scribed in paragraph (1). 
SEC. 407. PRINCIPAL AND INTEREST PAYMENTS FOR CER-
TAIN DISASTER LOANS. 
(a) IN GENERAL.—The Administrator shall pay the 
principal, interest, and any associated fees that are owed 
on a physical disaster loan or a covered EIDL loan as 
follows: 
(1) With respect to a physical disaster loan— 
(A) not in deferment, for the 12-month pe-
riod beginning with the next payment due on 
such loan; 
(B) in deferment, for the 12-month period 
beginning with the next payment due on such 
loan after the deferment period; and 
(C) made on or after the date of enact-
ment of this Act, for the 12-month period be-
ginning with the first payment due on such 
loan. 
(2) With respect to a covered EIDL loan— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00625
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
626 
(A) not in deferment, for the 12-month pe-
riod beginning with the next payment due on 
such loan; and 
(B) in deferment, for the 12-month period 
beginning with the next payment due on such 
loan after the deferment period. 
(b) TIMING OF PAYMENT.—The Administrator shall 
begin making payments under subsection (a) not later 
than 30 days after the date on which the first such pay-
ment is due. 
(c) APPLICATION OF PAYMENT.—Any payment made 
by the Administrator under subsection (a) shall be applied 
to the physical disaster loan or a covered EIDL loan (as 
applicable) such that the borrower is relieved of the obliga-
tion to pay that amount. 
(d) DEFINITIONS.—In this section: 
(1) PHYSICAL
DISASTER
LOAN.—The term 
‘‘physical disaster loan’’ means a loan made under 
section 7(b)(1) of the Small Business Act (15 U.S.C. 
636(b)(1)) in a regular servicing status. 
(2) COVERED EIDL LOAN.—The term ‘‘covered 
EIDL loan’’ means a loan made under section 
7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)) that— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00626
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
627 
(A) was approved by the Administrator be-
fore February 15, 2020; and 
(B) is in a regular servicing status. 
SEC. 408. TRAINING. 
The Administrator shall develop and implement a 
plan to train any staff responsible for implementing or ad-
ministering the loan program established under section 
7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) 
on specific responsibilities with respect to such program. 
Such plan shall be submitted to the Committee on Small 
Business of the House of Representatives and the Com-
mittee on Small Business and Entrepreneurship of the 
Senate. 
SEC. 409. OUTREACH PLAN. 
Not later than 30 days after the date of the enact-
ment of this Act, the Administrator shall submit to the 
Committee on Small Business of the House of Representa-
tives and the Committee on Small Business and Entrepre-
neurship of the Senate an outreach plan to clearly commu-
nicate program and policy changes to all offices of the Ad-
ministration, small business development centers (as de-
fined in section 3 of the Small Business Act (15 U.S.C. 
632)), women’s business centers (described under section 
29 of such Act (15 U.S.C. 656)), chapters of the Service 
Corps of Retired Executives (established under section 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00627
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
628 
8(b)(1)(B) of such Act (15 U.S.C. 637(b)(1)(B))), Vet-
eran Business Outreach Centers (described under section 
32 of such Act (15 U.S.C. 657b)), Members of Congress, 
congressional committees, small business concerns (as de-
fined in section 3 of such Act (15 U.S.C. 632)), and the 
public. 
SEC. 410. REPORT ON BEST PRACTICES. 
Not later than 60 days after the date of the enact-
ment of this Act, the Administrator shall submit to the 
Committee on Small Business of the House of Representa-
tives and the Committee on Small Business and Entrepre-
neurship of the Senate a report on outlining the best prac-
tices to administer the loan program established under 
section 7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)) during a pandemic. 
SEC. 411. EXTENSION OF PERIOD OF AVAILABILITY FOR AD-
MINISTRATIVE FUNDS. 
Section 1107(a) of the CARES Act (15 U.S.C. 
9006(a)) is amended in the matter preceding paragraph 
(1) by striking ‘‘until September 30, 2021’’ and inserting 
‘‘until December 31, 2021, for amounts appropriated 
under paragraph (2), and until September 30, 2021, for 
all other amounts appropriated under this subsection’’. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00628
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
629 
TITLE V—MICRO-SBIC AND EQ-
UITY INVESTMENT ENHANCE-
MENT 
SEC. 501. MICRO-SBIC PROGRAM. 
Title III of the Small Business Investment Act of 
1958 (15 U.S.C. 681 et seq.) is amended by adding at 
the end the following: 
‘‘PART D—MICRO-SBIC PROGRAM 
‘‘SEC. 399A. MICRO-SBIC PROGRAM. 
‘‘(a) ESTABLISHMENT.—There is established in the 
Administration a program to be known as the ‘Micro- 
SBIC Program’ under which the Administrator shall issue 
a license to an applicant for the purpose of making loans 
to and investments in small business concerns. An appli-
cant licensed under this section shall have the same bene-
fits as an applicant licensed under section 301. 
‘‘(b) ELIGIBILITY.—An applicant desiring to receive 
a license to operate as a micro-SBIC shall submit an appli-
cation to the Administrator at such time, in such manner, 
and containing such information as the Administrator may 
require, including— 
‘‘(1) evidence that the applicant holds private 
capital of not less than $5,000,000; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00629
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
630 
‘‘(2) evidence that the management of the ap-
plicant is qualified and has significant business ex-
pertise relevant to the applicant’s strategy; and 
‘‘(3) an election to receive a seed investment 
under section 399C or leverage from the Adminis-
trator. 
‘‘(c) ISSUANCE OF LICENSE.— 
‘‘(1) PROCEDURES.— 
‘‘(A) STATUS.—Not later than 90 days 
after the initial receipt by the Administrator of 
an application under this subsection, the Ad-
ministrator shall provide the applicant with a 
written report detailing the status of the appli-
cation and any requirements remaining for 
completion of the application. 
‘‘(B) APPROVAL
OR
DISAPPROVAL.—Ex-
cept as provided in subparagraph (C) and with-
in a reasonable time after providing the report 
under subparagraph (A) and in accordance with 
such requirements as the Administrator may 
prescribe by regulation, the Administrator 
shall— 
‘‘(i) approve the application and issue 
to the applicant a license to operate as a 
micro-SBIC; or 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00630
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
631 
‘‘(ii) disapprove the application and 
notify the applicant in writing of the dis-
approval. 
‘‘(C) PROVISIONAL
APPROVAL.—The Ad-
ministrator may provide provisional approval 
for an applicant for a period of not more than 
12 months before making a final determination 
of approval or disapproval under subparagraph 
(B). 
‘‘(D) EXPLANATION
OF
DISAPPROVAL.— 
An applicant may submit to the Administrator 
a request for a written explanation regarding 
the disapproval of an application under sub-
paragraph (B)(ii). 
‘‘(2) APPEALS.— 
‘‘(A) DISAPPROVED APPLICATIONS.—With 
respect to an application that is disapproved 
under paragraph (1)(B)(iii)— 
‘‘(i) not later than 30 days after the 
date on which the application is dis-
approved, the applicant may submit an ap-
peal to the Chair of the Investment Divi-
sion Licensing Committee of the Adminis-
tration (referred to in this subparagraph 
as the ‘Chair’); and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00631
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
632 
‘‘(ii) not later than 30 days after the 
date on which the applicant submits an ap-
peal under clause (i), the Chair shall issue 
a ruling with respect to the appeal and no-
tify the applicant regarding such ruling. 
‘‘(B) DENIAL OF APPEAL.—With respect 
to an application that the Chair denies in an 
appeal submitted under subparagraph (A)— 
‘‘(i) not later than 30 days after the 
date on which the Chair submits the notifi-
cation 
required 
under 
subparagraph 
(A)(ii), the applicant may submit to the 
Administrator an appeal of the ruling 
made by the Chair; and 
‘‘(ii) not later than 30 days after the 
date on which the applicant submits an ap-
peal under clause (i), the Administrator 
shall issue a final ruling with respect to 
the appeal and notify the applicant regard-
ing such ruling. 
‘‘(3) PRIORITY.—In reviewing applications and 
issuing licenses under this section, the Administrator 
shall give priority to an applicant the management 
of which consists of at least two socially disadvan-
taged individuals or economically disadvantaged indi-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00632
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
633 
viduals and at least one track record investment 
committee member. 
‘‘(4) EXPEDITED PROCEDURES.—The Adminis-
trator shall establish expedited procedures for the 
consideration of an application submitted under sub-
section (b), including a written report under para-
graph (1)(A) not later than 45 days after the initial 
receipt of an application, for— 
‘‘(A) a small business investment compa-
nies licensed under section 301; 
‘‘(B) a rural business investment company; 
or 
‘‘(C) a bank-owned applicant. 
‘‘(d) MAXIMUM LEVERAGE.— 
‘‘(1) IN
GENERAL.—For a micro-SBIC that 
elects to receive leverage under subsection (b)(3), 
the maximum amount of outstanding leverage made 
available to any one micro-SBIC may not exceed— 
‘‘(A) 50 percent of the private capital of 
such micro-SBIC, not to exceed $25,000,000; 
or 
‘‘(B) in the case of a micro-SBIC owned 
by persons who also own a small business in-
vestment company licensed under section 301, 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00633
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
634 
100 percent of the private capital of such 
micro-SBIC, not to exceed $50,000,000. 
‘‘(2) INVESTMENTS IN CERTAIN BUSINESSES.— 
In calculating the outstanding leverage of a micro- 
SBIC for purposes of paragraph (1), the Adminis-
trator shall exclude the amount of the cost basis of 
any investments made in an early-stage small busi-
ness, growth-stage small business, scale-up small 
business, or covered small business in an amount not 
to exceed— 
‘‘(A) $25,000,000; or 
‘‘(B) in the case of a micro-SBIC owned 
by persons who also own a small business in-
vestment company licensed under section 301, 
$50,000,000. 
‘‘SEC. 399B. MICRO-SBIC PROGRAM REQUIREMENTS. 
‘‘(a) SURRENDER OF LICENSE.—A micro-SBIC that 
voluntarily surrenders a license issued under this section 
shall enter into an agreement with Administrator for the 
repayment of leverage received. Such agreement may not 
require the micro-SBIC to immediately repay all leverage 
received. 
‘‘(b) ADMINISTRATION.—To the extent practicable, 
for a micro-SBIC that elects to receive leverage under sec-
tion 399A(b)(3), the Administrator shall administer the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00634
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
635 
Micro-SBIC Program in a similar manner to the program 
under section 301. 
‘‘SEC. 399C. SEED INVESTMENT PROGRAM. 
‘‘(a) ESTABLISHMENT.—The Administrator shall es-
tablish and carry out an equity investment program (in 
this part referred to as the ‘Seed Investment Program’) 
to provide seed investments to a micro-SBIC to invest in 
small business concerns. 
‘‘(b) APPLICATION.—A micro-SBIC that elects to re-
ceive a seed investment under section 399A(b)(3) shall 
submit to the Administrator an application that includes 
the following: 
‘‘(1) A business plan describing how the appli-
cant intends to make successful investments in 
early-stage small businesses, growth-stage small 
businesses, scale-up small businesses, or covered 
small businesses, as applicable. 
‘‘(2) A description of the extent to which the 
applicant meets the selection criteria under sub-
section (c). 
‘‘(c) SELECTION.— 
‘‘(1) IN
GENERAL.—Not later than 90 days 
after the date of receipt of an application under sub-
section (b), the Administrator shall make a final de-
termination to approve or disapprove the applicant 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00635
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
636 
as a participant in the Seed Investment Program 
and shall submit such determination to the applicant 
in writing. 
‘‘(2) CRITERIA.—In making a determination 
under paragraph (1), the Administrator shall con-
sider each of the following criteria: 
‘‘(A) The likelihood that the applicant will 
meet the goals specified in the business plan of 
the applicant. 
‘‘(B) The likelihood that the investments of 
the applicant will directly and indirectly create 
or preserve jobs. 
‘‘(C) The character and fitness of the man-
agement of the applicant. 
‘‘(D) The experience and background of 
the management of the applicant. 
‘‘(E) The extent to which the applicant will 
concentrate investment activities on early-stage 
small businesses, growth-stage small businesses, 
scale-up small businesses, or covered small busi-
nesses, as applicable. 
‘‘(F) The likelihood that the applicant will 
achieve profitability. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00636
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
637 
‘‘(G) The experience of the management of 
the applicant with respect to establishing a 
profitable investment track record. 
‘‘SEC. 399D. REQUIREMENTS FOR SEED INVESTMENTS. 
‘‘(a) IN GENERAL.—The Administrator may make 
one seed investment to a Program participant, which shall 
be held in an account from which the Program participant 
may make withdrawals. 
‘‘(b) AMOUNTS.— 
‘‘(1) NON-FEDERAL CAPITAL.—A seed invest-
ment made to a Program participant may not exceed 
the amount of capital of such Program participant 
that— 
‘‘(A) is not from a Federal source; and 
‘‘(B) that is available for investment, in-
cluding through legally binding commitments, 
on or before the date on which the seed invest-
ment is approved. 
‘‘(2) LIMITATION ON AMOUNT.—The amount of 
a seed investment made to a Program participant 
may not exceed the lesser of— 
‘‘(A) $25,000,000; or 
‘‘(B) 100 percent of the private capital 
committed to the Program participant. 
‘‘(c) PROCESS.— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00637
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
638 
‘‘(1) IN
GENERAL.—Amounts held in an ac-
count under this section shall remain available to a 
Program participant— 
‘‘(A) for initial seed investments, during 
the 5-year period beginning on the date on 
which the Program participant first accesses 
amounts from the account; and 
‘‘(B) for follow-on investments and man-
agement fees, during the 10-year period begin-
ning on the date on which the Program partici-
pant first accesses amounts from the account. 
‘‘(2) EXTENSION.—Upon request by a Program 
participant, the Administrator may grant a 1-year 
extension of the period described in paragraph 
(1)(B) not more than 2 times. 
‘‘(3) USE OF AMOUNTS.—A Program partici-
pant shall invest all amounts in the account during 
the 10-year period beginning on the date on which 
the Program participant first accesses amounts from 
the account. 
‘‘(d) PRIORITY.—The Administrator shall prioritize 
making seed investments under this section to Program 
participants in underlicensed States. 
‘‘(e) INVESTMENTS IN CERTAIN BUSINESSES.— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00638
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
639 
‘‘(1) IN GENERAL.—A Program participant that 
receives a seed investment under this part shall 
make all of the investments of such Program partici-
pant in small business concerns, of which at least 50 
percent shall be in covered small businesses. 
‘‘(2) MINORITY
POSITIONS.—On the date on 
which a Program participant first accesses amounts 
from such seed investment, the Program participant 
may not own or control not more than 50 percent 
of the shares of any small business concern in which 
such Program participant invests. A Program partic-
ipant shall not pursue a buyout strategy as a pri-
mary purpose of an investment in such a small busi-
ness concern, but may take control in follow-on in-
vestments if necessary for the success of any such 
small business concern. 
‘‘(3) EVALUATION OF COMPLIANCE.—The Ad-
ministrator shall evaluate the compliance of a Pro-
gram participant with the requirements under this 
section once such Program participant has expended 
75 percent of the amount of a seed investment made 
under this part. 
‘‘(f) SEED INVESTMENT INTEREST.— 
‘‘(1) IN GENERAL.— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00639
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
640 
‘‘(A) IN GENERAL.—Subject to paragraph 
(4), a Program participant that receives a seed 
investment under the Program shall convey a 
seed investment interest to the Administrator in 
accordance with subparagraph (B). 
‘‘(B) EFFECT OF CONVEYANCE.—The seed 
investment interest conveyed under paragraph 
(1) shall have all the rights and attributes of 
other investors with respect to the Program 
participant, but shall not assign control or vot-
ing rights to the Administrator. The seed in-
vestment interest shall entitle the Administrator 
to a pro rata portion of any distributions made 
by the Program participant equal to the per-
centage of capital in the Program participant 
that the seed investment comprises. The Ad-
ministrator shall receive distributions from the 
Program participant at the same times and in 
the same amounts as any other investor in the 
Program participant with a similar interest. 
The Program participant shall make allocations 
of income, gain, loss, deduction, and credit to 
the Administrator with respect to the seed in-
vestment interest as if the Administrator were 
an investor. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00640
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
641 
‘‘(2) MANAGER PROFITS.—The manager profits 
interest payable to the managers of a Program par-
ticipant shall not exceed 20 percent of profits, exclu-
sive of any profits that may accrue as a result of the 
capital contributions of any such managers with re-
spect to such Program participant. Any excess of 
this amount, less taxes payable thereon, shall be re-
turned by the managers and paid to the investors 
and the Administrator in proportion to the capital 
contributions and seed investments paid in. No man-
ager profits interest (other than a tax distribution) 
shall be paid prior to the repayment to the investors 
and the Administrator of all contributed capital and 
seed investments made. A manager of a Program 
participant may charge reasonable and customary 
management and organizational fees. 
‘‘(3) DISTRIBUTION
REQUIREMENTS.—A Pro-
gram participant that receives a seed investment 
under the Program shall make all distributions to all 
investors in cash and shall make distributions within 
a reasonable time after exiting investments, includ-
ing following a public offering or market sale of un-
derlying investments. 
‘‘(4) LIMITATION
ON
GRANT
PROFITS.—Once 
the Administrator has received an amount equal to 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00641
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
642 
110 percent of the amount of the seed investment 
made to a Program participant, the requirement to 
convey seed investment interest under this sub-
section shall be terminated and no further distribu-
tions of profits shall be made to the Administrator. 
‘‘SEC. 399E. ADMINISTRATION. 
‘‘(a) ELECTRONIC
SUBMISSIONS.—The Adminis-
trator shall permit the electronic submission of any docu-
ment submitted under this part or pursuant to a regula-
tion carrying out this part, including by permitting an 
electronic signature for any signature that is required on 
such a document. 
‘‘(b) APPLICATION OF PENALTIES.—To the extent 
not inconsistent with requirements under this part, the 
Administrator may take such action as set forth in sec-
tions 309, 311, 312, 313, and 314 to activities under this 
part and an officer, director, employee, agent, or other 
participant in a micro-SBIC shall be subject to the re-
quirements under such sections. 
‘‘SEC. 399F. REPORT. 
‘‘The Administrator shall include in the annual report 
required under section 10(a) of the Small Business Act 
a description of— 
‘‘(1) the number of applications received under 
this part, including the number of applications re-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00642
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
643 
ceived from applicants for which the management 
consists of at least two socially disadvantaged indi-
viduals or economically disadvantaged individuals; 
and 
‘‘(2) the number of licenses issued under sec-
tion 399A, including the number of such licenses 
issued to applicants for which the management con-
sists of at least two socially disadvantaged individ-
uals or economically disadvantaged individuals. 
‘‘SEC. 399G. DEFINITIONS. 
‘‘In this part: 
‘‘(1) 
APPLICANT.—The 
term 
‘applicant’ 
means— 
‘‘(A) an incorporated body, a limited liabil-
ity corporation, or a limited partnership orga-
nized and chartered or otherwise existing under 
State law solely for the purpose of performing 
the functions and conducting the activities con-
templated under this section; or 
‘‘(B) a bank-owned applicant, rural busi-
ness investment company, or small business in-
vestment company licensed under section 301 
that submits an application to operate as a 
micro-SBIC under section 399A. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00643
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
644 
‘‘(2) 
BANK-OWNED
APPLICANT.—the 
term 
‘bank-owned applicant’ means an applicant for a li-
cense to operate as a small business investment com-
pany under this part that— 
‘‘(A) is a national bank or any member 
bank of the Federal Reserve System or non-
member insured bank that bears the same 
name as the small business investment company 
that is the subject of the application; 
‘‘(B) is domestically domiciled within the 
United States; and 
‘‘(C) has not had a license issued under 
this Act revoked or involuntarily surrendered 
during the 10-year period preceding the date on 
which the application is submitted; 
‘‘(3) COVERED
SMALL
BUSINESS.—The term 
‘covered small business’ means a small business con-
cern that— 
‘‘(A) is a small business concern owned 
and controlled by women (as defined in section 
3(n) of the Small Business Act), small business 
concern owned and controlled by socially and 
economically disadvantaged individuals (as de-
fined in section 8(d)(3)(C) of such Act), a small 
business concern owned and controlled by vet-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00644
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
645 
erans (as defined in section 3(q) of such Act) 
or a Tribal business concern (as described in 
section 31(b)(2)(C) of such Act); 
‘‘(B) has its principal place of business lo-
cated in a rural census tract (as determined 
under the most recent rural urban commuting 
area code as set forth by the Office of Manage-
ment and Budget); 
‘‘(C) is a domestic manufacturing business 
that is assigned a North American Industry 
Classification System code beginning with 31, 
32, or 33 at the time at which the small busi-
ness concern receives an investment from a 
micro-SBIC under this section; or 
‘‘(D) either— 
‘‘(i) had gross receipts during the first 
or second quarter in 2020 that are not less 
than 50 percent less than the gross re-
ceipts of the concern during the same 
quarter in 2019; 
‘‘(ii) if the concern was not in busi-
ness during the first or second quarter of 
2019, but was in business during the third 
and fourth quarter of 2019, had gross re-
ceipts during the first or second quarter of 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00645
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
646 
2020 that are less than 50 percent of the 
amount of the gross receipts of the concern 
during the third or fourth quarter of 2019; 
‘‘(iii) if the concern was not in busi-
ness during the first, second, or third 
quarter of 2019, but was in business dur-
ing the fourth quarter of 2019, had gross 
receipts during the first or second quarter 
of 2020 that are less than 50 percent of 
the amount of the gross receipts of the 
concern during the fourth quarter of 2019; 
or 
‘‘(iv) if the concern was not in busi-
ness during 2019, but was in operation on 
February 15, 2020, had gross receipts dur-
ing the second quarter of 2020 that are 
less than 50 percent of the amount of the 
gross receipts of the concern during the 
first quarter of 2020. 
‘‘(4) EARLY-STAGE
SMALL
BUSINESS.—The 
term ‘early-stage small business’ means a small busi-
ness concern that— 
‘‘(A) is domestically domiciled within the 
United States; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00646
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
647 
‘‘(B) during the 3-year period preceding 
the date of application, has not generated gross 
annual sales revenues exceeding $15,000,000; 
‘‘(C) produces a majority of its goods or 
provides a majority of its services in the United 
States; and 
‘‘(D) does not move production or employ-
ment outside the United States. 
‘‘(5) ECONOMICALLY
DISADVANTAGED
INDI-
VIDUAL; SOCIALLY DISADVANTAGED INDIVIDUAL.— 
The terms ‘economically disadvantaged individual’ 
and ‘socially disadvantaged individual’ have the 
meanings given, respectively, in section 8(a) of the 
Small Business Act. 
‘‘(6) GROWTH-STAGE
SMALL
BUSINESS.—The 
term ‘growth-stage small business’ means a small 
business concern that— 
‘‘(A) is domestically domiciled within the 
United States; 
‘‘(B) during the 3-year period preceding 
the date of application, has not generated gross 
annual sales revenues exceeding $30,000,000; 
‘‘(C) produces a majority of its good or 
provides a majority of its services in the United 
States; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00647
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
648 
‘‘(D) does not move production or employ-
ment outside the United States. 
‘‘(7) MANAGEMENT.—The term ‘management’ 
means a general partner of an applicant or member 
of the investment committee of an applicant. 
‘‘(8) MICRO-SBIC.—The term ‘micro-SBIC’ 
means an applicant licensed under section 399A. 
‘‘(9) PROGRAM PARTICIPANT.—The term ‘Pro-
gram participant’ means a micro-SBIC that received 
a seed investment under the Seed Investment Pro-
gram established by section 399C. 
‘‘(10) SCALE-UP SMALL BUSINESS.—The term 
‘scale-up small business’ means a small business 
concern that— 
‘‘(A) is domestically domiciled within the 
United States; 
‘‘(B) during the 3-year period preceding 
the date of application, has not generated earn-
ings before interest, tax, depreciation, and am-
ortization in excess of $3,000,000; 
‘‘(C) produces a majority of its goods or 
provides a majority of its services in the United 
States; and 
‘‘(D) does not move production or employ-
ment outside the United States. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00648
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
649 
‘‘(11) SMALL BUSINESS CONCERN.—The term 
‘small business concern’ has the meaning given 
under section 3(a) of the Small Business Act (15 
U.S.C. 632(a)). 
‘‘(12) TRACK RECORD INVESTMENT COMMITTEE 
MEMBER.—The term ‘track record investment com-
mittee member’ means a current or former small 
business investment company licensed under section 
301, a private small- and lower-middle-market ven-
ture capital firm, or a private equity fund manager 
with the knowledge, experience, and capability nec-
essary to serve as management for an applicant. 
‘‘(13) UNITED
STATES.—The term ‘United 
States’ means each of the several States, the Dis-
trict of Columbia, each territory or possession of the 
United States, and each federally recognized Indian 
Tribe. 
‘‘SEC. 399H. FUNDING. 
‘‘(a) AUTHORIZATION OF APPROPRIATIONS.—There 
is authorized to be appropriated to the revolving fund es-
tablished under subsection (b) $1,000,000,000 for the 
first full fiscal year beginning after the date of the enact-
ment of this part to carry out the requirements of this 
part. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00649
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
650 
‘‘(b) REVOLVING FUND.—There is created within the 
Administration a separate revolving fund for the Seed In-
vestment Program established under section 399C, which 
shall be available to the Administrator subject to annual 
appropriations. All amounts received by the Adminis-
trator, including any money, property, or assets derived 
by the Administrator from operations in connection with 
the Seed Investment Program, including repayments of 
seed investments, shall be deposited in the revolving fund. 
All expenses and payments, excluding administrative ex-
penses, pursuant to the operations of the Administrator 
under the Seed Investment Program shall be paid from 
the revolving fund.’’. 
TITLE VI—MISCELLANEOUS 
SEC. 601. REPEAL OF UNEMPLOYMENT GRANTS. 
Section 1110(e)(6) of the CARES Act (15 U.S.C. 
9009) is repealed. 
SEC. 602. SUBSIDY FOR CERTAIN LOAN PAYMENTS. 
(a) IN GENERAL.—Section 1112 of the CARES Act 
(15 U.S.C. 9011) is amended— 
(1) in subsection (c)— 
(A) in paragraph (1)— 
(i) in the matter preceding subpara-
graph (A), by inserting ‘‘, without regard 
to the date on which the covered loan is 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00650
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
651 
fully disbursed and subject to availability 
of funds’’ after ‘‘status’’; and 
(ii) by amending subparagraphs (A), 
(B), and (C) to read as follows: 
‘‘(A) with respect to a covered loan ap-
proved by the Administration before the date of 
enactment of this Act and not on deferment— 
‘‘(i) except as provided in clauses (ii) 
and (iii), for the 6-month period beginning 
with the next payment due on the covered 
loan after the covered loan is fully dis-
bursed; 
‘‘(ii) for the 11-month period begin-
ning with the next payment due on the 
covered loan after the covered loan is fully 
disbursed, with respect to a covered loan 
that— 
‘‘(I) is described in subsection 
(a)(1)(B) or is a loan guaranteed by 
the Administration under section 7(a) 
of the Small Business Act (15 U.S.C. 
636(a)) other than a loan described in 
clause 
(i) 
or 
(ii) 
of 
subsection 
(a)(1)(A); and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00651
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
652 
‘‘(II) is made to a borrower oper-
ating primarily in an industry that is 
assigned a North American Industry 
Classification System code beginning 
with 21, 31, 32, 33, 44, 45, 48, 49, 
51, 53, 54, 56, 62, or 81; and 
‘‘(iii) for the 18-month period begin-
ning with the next payment due on the 
covered loan after the covered loan is fully 
disbursed, with respect to— 
‘‘(I) a covered loan described in 
paragraph (1)(A)(i) or paragraph (2) 
of subsection (a); or 
‘‘(II) any covered loan made to a 
borrower operating primarily in an in-
dustry that is assigned a North Amer-
ican Industry Classification System 
code of 485510 or that begins with 
61, 71, or 72; 
‘‘(B) with respect to a covered loan ap-
proved by the Administration before the date of 
enactment of this Act and on deferment— 
‘‘(i) except as provided in clauses (ii) 
and (iii), for the 6-month period beginning 
with the next payment due on the covered 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00652
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
653 
loan after the deferment period and after 
the covered loan is fully disbursed; 
‘‘(ii) for the 11-month period begin-
ning with the next payment due on the 
covered loan after the deferment period 
and after the covered loan is fully dis-
bursed, with respect to a covered loan de-
scribed in subclause (I) or (II) of subpara-
graph (A)(ii); and 
‘‘(iii) for the 18-month period begin-
ning with the next payment due on the 
covered loan after the deferment period 
and after the covered loan is fully dis-
bursed, with respect to a covered loan de-
scribed in subclause (I) or (II) of subpara-
graph (A)(iii); and 
‘‘(C) with respect to a covered loan made 
during the period beginning on the date of en-
actment of this Act and ending on the date that 
is 30 months after such date of enactment— 
‘‘(i) except as provided in clause (ii), 
for the 6-month period beginning with the 
first payment due after the loan is fully 
disbursed; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00653
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
654 
‘‘(ii) for a covered loan described in 
paragraph (1)(A)(i) or (2) of subsection 
(a) that is approved by the Administrator, 
for the 18-month period beginning with the 
first payment due after the loan is fully 
disbursed.’’; and 
(B) by adding at the end the following: 
‘‘(4) 
ADDITIONAL
PROVISIONS
FOR
NEW 
LOANS.—With respect to a loan described in para-
graph (1)(C)— 
‘‘(A) the Administrator may further extend 
the 30-month period described in paragraph 
(1)(C) if there are sufficient funds to continue 
those payments; and 
‘‘(B) during the underwriting process, a 
lender of such a loan may consider the pay-
ments under this section as part of a com-
prehensive review to determine the ability to 
repay. 
‘‘(5) ELIGIBILITY.—Eligibility for a covered 
loan to receive such payments of principal, interest, 
and any associated fees under this subsection shall 
be based on the date on which the covered loan is 
approved by the Administration. 
‘‘(6) AUTHORITY TO REVISE EXTENSIONS.— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00654
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
656 
‘‘(7) RULE
OF
CONSTRUCTION.—Nothing in 
this subsection shall preclude a borrower from re-
ceiving full payments of principal, interest, and any 
associated fees as authorized by subsection, regard-
less of the application of a plan implemented under 
paragraph (6)(B).’’; 
(2) by redesignating subsection (f) as sub-
section (j); and 
(3) by inserting after subsection (e) the fol-
lowing: 
‘‘(f) ELIGIBILITY FOR NEW LOANS.— 
‘‘(1) IN GENERAL.—With respect to a covered 
loan made on or after the date of enactment of the 
PPP and EIDL Enhancement Act of 2020, the cov-
ered loan shall have a maturity of not less than 48 
months in order to be eligible for payments made 
under this section. 
‘‘(2) LENDING PROGRAMS.—The minimum ma-
turity requirements of paragraph (1) shall not pro-
hibit the Administrators from establishing a min-
imum maturity of longer than 48 months for a loan 
described under subsection (a), taking into consider-
ation the normal underwriting requirements for each 
such program. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00656
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
657 
‘‘(g) LIMITATION ON ASSISTANCE.—A borrower may 
not receive assistance under subsection (c) for more than 
1 covered loan of the borrower described in paragraph 
(1)(C) of that subsection. 
‘‘(h) REPORTING AND OUTREACH.— 
‘‘(1) UPDATE TO WEBSITE.—Not later than 7 
days after the date of enactment of the PPP and 
EIDL Enhancement Act of 2020, the Administrator 
shall update the website of the Administration to de-
scribe the requirements relating to payments made 
under this section. 
‘‘(2) PUBLICATION OF LIST.—Not later than 14 
days after the date of enactment of the PPP and 
EIDL Enhancement Act of 2020, the Administrator 
shall transmit to each lender of a covered loan a list 
of each borrower of a covered loan that includes the 
North American Industry Classification System code 
assigned to the borrower, to assist the lenders in 
identifying which borrowers qualify for an extension 
of payments under subsection (c). 
‘‘(3) EDUCATION AND OUTREACH.— 
‘‘(A) IN
GENERAL.—The Administrator 
shall provide education and outreach to lenders, 
borrowers, district offices, and resource part-
ners of the Administration in order to ensure 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00657
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
658 
full and proper compliance with this section, en-
courage broad participation with respect to cov-
ered loans that have not yet been approved by 
the Administrator, and help lenders transition 
borrowers from subsidy payments under this 
section directly to a deferral when suitable for 
the borrower. 
‘‘(B) RESOURCE PARTNERS DEFINED.—In 
this paragraph, the term ‘resource partners ’ 
means small business development centers (as 
defined in section 3 of the Small Business Act 
(15 U.S.C. 632)), women’s business centers 
(described under section 29 of such Act (15 
U.S.C. 656)), chapters of the Service Corps of 
Retired Executives (established under section 
8(b)(1)(B) 
of 
such 
Act 
(15 
U.S.C. 
637(b)(1)(B))), and Veteran Business Outreach 
Centers (described under section 32 of such Act 
(15 U.S.C. 657b)). 
‘‘(4) NOTIFICATION.—Not later than 30 days 
after the date of enactment of the PPP and EIDL 
Enhancement Act of 2020, the Administrator shall 
mail a letter to each borrower of a covered loan that 
includes— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00658
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
659 
‘‘(A) an overview of payments made under 
this section; 
‘‘(B) the rights of the borrower to receive 
such payments; 
‘‘(C) how to seek recourse with the Admin-
istrator or the lender of the covered loan if the 
borrower has not received such payments; and 
‘‘(D) the rights of the borrower to request 
a loan deferral from a lender, and guidance on 
how to do successfully transition directly to a 
loan deferral once subsidy payments under this 
section are concluded. 
‘‘(5) MONTHLY
REPORTING.—Not later than 
the 15th of each month beginning after the date of 
enactment of the PPP and EIDL Enhancement Act 
of 2020, the Administrator shall submit to Congress 
a report on payments made under this section, which 
shall include— 
‘‘(A) monthly and cumulative data on pay-
ments made under this section as of the date of 
the report, including a breakdown by— 
‘‘(i) the number of participating bor-
rowers; 
‘‘(ii) the volume of payments made for 
each type of covered loan; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00659
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
660 
‘‘(iii) the volume of payments made 
for covered loans made before the date of 
enactment of this Act and loans made 
after such date of enactment; 
‘‘(B) the names of any lenders of covered 
loans that have not submitted information on 
the covered loans to the Administrator during 
the preceding month; and 
‘‘(C) an update on the education and out-
reach activities of the Administration carried 
out under paragraph (3). 
‘‘(i) REGULATIONS.—Not later than 30 days after the 
date of enactment of the PPP and EIDL Enhancement 
Act of 2020, the Administrator shall issue rules to guard 
against abuse or excessive and unintended use by lenders 
or borrowers of the payments provided under this sec-
tion.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply as if included in the enactment 
of section 1112 of the CARES Act (15 U.S.C. 9011). 
SEC. 603. MODIFICATIONS TO 7(a) LOAN PROGRAMS. 
(a) 7(a) LOAN GUARANTEES.— 
(1) IN
GENERAL.—Section 7(a)(2)(A) of the 
Small Business Act (15 U.S.C. 636(a)(2)(A)) is 
amended by striking ‘‘), such participation by the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00660
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
661 
Administration shall be equal to’’ and all that fol-
lows through the period at the end and inserting ‘‘or 
the Community Advantage Pilot Program of the Ad-
ministration), such participation by the Administra-
tion shall be equal to 90 percent of the balance of 
the financing outstanding at the time of disburse-
ment of the loan.’’. 
(2) PROSPECTIVE REPEAL.—Effective October 
1, 2021, section 7(a)(2)(A) of the Small Business 
Act (15 U.S.C. 636(a)(2)(A)), as amended by para-
graph (1), is amended to read as follows: 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraphs (B), (D), (E), and (F), in an 
agreement to participate in a loan on a deferred 
basis under this subsection (including a loan 
made under the Preferred Lenders Program), 
such participation by the Administration shall 
be equal to— 
‘‘(i) 75 percent of the balance of the 
financing outstanding at the time of dis-
bursement of the loan, if such balance ex-
ceeds $150,000; or 
‘‘(ii) 85 percent of the balance of the 
financing outstanding at the time of dis-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00661
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
662 
bursement of the loan, if such balance is 
less than or equal to $150,000.’’. 
(b) EXPRESS LOANS.— 
(1) LOAN AMOUNT.—Section 1102(c)(2) of the 
CARES Act (Public Law 116–36; 15 U.S.C. 636 
note) is amended to read as follows: 
‘‘(2) 
PROSPECTIVE
REPEAL.—Section 
7(a)(31)(D) of the Small Business Act (15 U.S.C. 
‘‘(A) by striking ‘$1,000,000’ and inserting 
‘$500,000’, effective during the period begin-
ning on January 1, 2021, and ending on Sep-
tember 30, 2021; and 
‘‘(B) (B) by striking ‘$500,000’ and in-
serting ‘$350,000’, effective October 1, 2021.’’. 
(2) GUARANTEE RATES.— 
(A) TEMPORARY
MODIFICATION.—Section 
7(a)(31)(A)(iv) of the Small Business Act (15 
U.S.C. 636(a)(31)(A)(iv)) is amended by strik-
ing ‘‘with a guaranty rate of not more than 50 
percent.’’ and inserting the following: ‘‘with a 
guarantee rate— 
‘‘(I) for a loan in an amount less 
than or equal to $350,000, of not 
more than 75 percent; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00662
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
663 
‘‘(II) for a loan in an amount 
greater than $350,000, of not more 
than 50 percent.’’. 
(B) PROSPECTIVE REPEAL.—Effective Oc-
tober 1, 2021, section 7(a)(31)(A)(iv) of the 
Small Business Act (15 U.S.C. 636(a)(31)), as 
amended by subparagraph (A), is amended by 
striking ‘‘guarantee rate’’ and all that follows 
through the period at the end and inserting 
‘‘guarantee rate of not more than 50 percent.’’. 
SEC. 604. FLEXIBILITY IN DEFERRAL OF PAYMENTS OF 7(A) 
LOANS. 
Section 7(a)(7) of the Small Business Act (15 U.S.C. 
636(a)(7)) is amended— 
(1) by striking ‘‘The Administration’’ and in-
serting ‘‘(A) IN GENERAL.—The Administrator’’; 
(2) by inserting ‘‘and interest’’ after ‘‘prin-
cipal’’; and 
(3) by adding at the end the following new sub-
paragraphs: 
‘‘(B) DEFERRAL
REQUIREMENTS.—With re-
spect to a deferral provided under this paragraph, 
the Administrator may allow lenders under this sub-
section— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00663
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
664 
‘‘(i) to provide full payment deferment re-
lief (including payment of principal and inter-
est) for a period of not more than 1 year; and 
‘‘(ii) to provide an additional deferment pe-
riod if the borrower provides documentation 
justifying such additional deferment. 
‘‘(C) SECONDARY MARKET.—If an investor de-
clines to approve a deferral or additional deferment 
requested by a lender under subparagraph (B), the 
Administrator shall exercise the authority to pur-
chase the loan so that the borrower may receive full 
payment deferment relief (including payment of 
principal and interest) or an additional deferment as 
described under subparagraph (B).’’. 
SEC. 605. RECOVERY ASSISTANCE UNDER THE MICROLOAN 
PROGRAM. 
(a) LOANS TO INTERMEDIARIES.— 
(1) IN GENERAL.—Section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)) is amended— 
(A) in paragraph (3)(C)— 
(i) by striking ‘‘and $6,000,000’’ and 
inserting ‘‘$10,000,000 (in the aggre-
gate)’’; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00664
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
665 
(ii) by inserting before the period at 
the end the following: ‘‘, and $4,500,000 in 
any of those remaining years’’; 
(B) in paragraph (4)— 
(i) in subparagraph (A), by striking 
‘‘subparagraph (C)’’ each place that term 
appears and inserting ‘‘subparagraphs (C) 
and (G)’’; 
(ii) in subparagraph (C), by amending 
clause (i) to read as follows: 
‘‘(i) IN
GENERAL.—In addition to 
grants made under subparagraph (A) or 
(G), each intermediary shall be eligible to 
receive a grant equal to 5 percent of the 
total outstanding balance of loans made to 
the intermediary under this subsection if— 
‘‘(I) the intermediary provides 
not less than 25 percent of its loans 
to small business concerns located in 
or owned by one or more residents of 
an economically distressed area; or 
‘‘(II) the intermediary has a 
portfolio of loans made under this 
subsection— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00665
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
666 
‘‘(aa) 
that 
averages 
not 
more than $10,000 during the 
period of the intermediary’s par-
ticipation in the program; or 
‘‘(bb) of which not less than 
25 percent is serving rural areas 
during 
the 
period 
of 
the 
intermediary’s participation in 
the program.’’; and 
(iii) by adding at the end the fol-
lowing new subparagraph: 
‘‘(G) GRANT AMOUNTS BASED ON APPRO-
PRIATIONS.—In any fiscal year in which the 
amount appropriated to make grants under 
subparagraph (A) is sufficient to provide to 
each intermediary that receives a loan under 
paragraph (1)(B)(i) a grant of not less than 25 
percent of the total outstanding balance of 
loans made to the intermediary under this sub-
section, the Administration shall make a grant 
under subparagraph (A) to each intermediary 
of not less than 25 percent and not more than 
30 percent of that total outstanding balance for 
the intermediary.’’; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00666
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
667 
(C) by striking paragraph (7) and insert-
ing the following: 
‘‘(7) PROGRAM FUNDING FOR MICROLOANS.— 
Under the program authorized by this subsection, 
the Administration may fund, on a competitive basis, 
not more than 300 intermediaries.’’; and 
(D) in paragraph (11)— 
(i) in subparagraph (C)(ii), by strik-
ing all after the semicolon and inserting 
‘‘and’’; and 
(ii) by striking all after subparagraph 
(C), and inserting the following: 
‘‘(D) the term ‘economically distressed 
area’, as used in paragraph (4), means a county 
or equivalent division of local government of a 
State in which the small business concern is lo-
cated, in which, according to the most recent 
data available from the Bureau of the Census, 
Department of Commerce, not less than 40 per-
cent of residents have an annual income that is 
at or below the poverty level.’’. 
(2) PROSPECTIVE
AMENDMENT.—Effective on 
October 1, 2021, section 7(m)(3)(C) of the Small 
Business Act (15 U.S.C. 636(m)(3)(C)), as amended 
by paragraph (1)(A), is further amended— 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00667
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
668 
(A) by striking ‘‘$10,000,000’’ and by in-
serting ‘‘$7,000,000’’; and 
(B) by striking ‘‘$4,500,000’’ and insert-
ing ‘‘$3,000,000’’. 
(b) TEMPORARY WAIVER
OF TECHNICAL ASSIST-
ANCE GRANTS MATCHING REQUIREMENTS AND FLEXI-
BILITY ON PRE- AND POST-LOAN ASSISTANCE.—During 
the period beginning on the date of enactment of this sec-
tion and ending on September 30, 2021, the Administra-
tion shall waive— 
(1) the requirement to contribute non-Federal 
funds under section 7(m)(4)(B) of the Small Busi-
ness Act (15 U.S.C. 636(m)(4)(B)); and 
(2) the limitation on amounts allowed to be ex-
pended to provide information and technical assist-
ance under clause (i) of section 7(m)(4)(E) of the 
Small Business Act (15 U.S.C. 636(m)(4)(E)) and 
enter into third-party contracts to provide technical 
assistance under clause (ii) of such section 
7(m)(4)(E). 
(c) TEMPORARY DURATION
OF LOANS
TO BOR-
ROWERS.— 
(1) IN GENERAL.—During the period beginning 
on the date of enactment of this section and ending 
on September 30, 2021, the duration of a loan made 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00668
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
669 
by an eligible intermediary under section 7(m) of the 
Small Business Act (15 U.S.C. 636(m))— 
(A) to an existing borrower may be ex-
tended to not more than 8 years; and 
(B) to a new borrower may be not more 
than 8 years. 
(2) REVERSION.—On and after October 1, 
2021, the duration of a loan made by an eligible 
intermediary to a borrower under section 7(m) of 
the Small Business Act (15 U.S.C. 636(m)) shall be 
7 years or such other amount established by the Ad-
ministrator. 
(d) FUNDING.—Section 20 of the Small Business Act 
(15 U.S.C. 631 note) is amended by adding at the end 
the following new subsection: 
‘‘(h) MICROLOAN PROGRAM.—For each of fiscal 
years 2021 through 2025, the Administration is author-
ized to make— 
‘‘(1) $80,000,000 in technical assistance grants, 
as provided in section 7(m); and 
‘‘(2) $110,000,000 in direct loans, as provided 
in section 7(m).’’. 
(e) AUTHORIZATION OF APPROPRIATIONS.—In addi-
tion to amounts provided under the Consolidated Appro-
priations Act, 2020 (Public Law 116–93) for the program 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00669
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
670 
established under section 7(m) of the Small Business Act 
(15 U.S.C. 636(m)), there is authorized to be appro-
priated for fiscal year 2020, to remain available until ex-
pended— 
(1) $50,000,000 to provide technical assistance 
grants under such section 7(m); and 
(2) $7,000,000 to provide direct loans under 
such section 7(m). 
SEC. 606. MAXIMUM LOAN AMOUNT FOR 504 LOANS. 
(a) PERMANENT INCREASE FOR SMALL MANUFAC-
TURERS.—Section 502(2)(A)(iii) of the Small Business 
Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii)) is 
amended 
by 
striking 
‘‘$5,500,000’’ 
and 
inserting 
‘‘$6,500,000’’. 
(b) LOW-INTEREST
REFINANCING
UNDER
THE 
LOCAL DEVELOPMENT BUSINESS LOAN PROGRAM.— 
(1) REPEAL.—Section 521(a) of title V of divi-
sion E of the Consolidated Appropriations Act, 2016 
(Public Law 114–113; 129 Stat. 2463; 15 U.S.C. 
696 note) is repealed. 
(2) REFINANCING.—Section 502(7) of the 
Small Business Investment Act of 1958 (15 U.S.C. 
696(7)) is amended by adding at the end the fol-
lowing new subparagraph: 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00670
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
671 
‘‘(C) REFINANCING
NOT
INVOLVING
EX-
PANSIONS.— 
‘‘(i) DEFINITIONS.—In this subpara-
graph— 
‘‘(I) the term ‘borrower’ means a 
small business concern that submits 
an application to a development com-
pany for financing under this sub-
paragraph; 
‘‘(II) the term ‘eligible fixed 
asset’ means tangible property relat-
ing to which the Administrator may 
provide financing under this section; 
and 
‘‘(III) the term ‘qualified debt’ 
means indebtedness that— 
‘‘(aa) was incurred not less 
than 6 months before the date of 
the application for assistance 
under this subparagraph; 
‘‘(bb) is a commercial loan; 
‘‘(cc) the proceeds of which 
were used to acquire an eligible 
fixed asset; 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00671
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
672 
‘‘(dd) was incurred for the 
benefit of the small business con-
cern; and 
‘‘(ee) is collateralized by eli-
gible fixed assets; and 
‘‘(ii) AUTHORITY.—A project that 
does not involve the expansion of a small 
business concern may include the refi-
nancing of qualified debt if— 
‘‘(I) the amount of the financing 
is not more than 90 percent of the 
value of the collateral for the financ-
ing, except that, if the appraised value 
of the eligible fixed assets serving as 
collateral for the financing is less than 
the amount equal to 125 percent of 
the amount of the financing, the bor-
rower may provide additional cash or 
other collateral to eliminate any defi-
ciency; 
‘‘(II) the borrower has been in 
operation for all of the 2-year period 
ending on the date the loan applica-
tion is submitted; and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00672
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
673 
‘‘(III) for a financing for which 
the Administrator determines there 
will be an additional cost attributable 
to the refinancing of the qualified 
debt, the borrower agrees to pay a fee 
in an amount equal to the anticipated 
additional cost. 
‘‘(iii) FINANCING FOR BUSINESS EX-
PENSES.— 
‘‘(I) FINANCING
FOR
BUSINESS 
EXPENSES.—The Administrator may 
provide financing to a borrower that 
receives financing that includes a refi-
nancing of qualified debt under clause 
(ii), in addition to the refinancing 
under clause (ii), to be used solely for 
the payment of business expenses. 
‘‘(II) APPLICATION FOR FINANC-
ING.—An application for financing 
under subclause (I) shall include— 
‘‘(aa) a specific description 
of the expenses for which the ad-
ditional financing is requested; 
and 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00673
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
674 
‘‘(bb) an itemization of the 
amount of each expense. 
‘‘(III) 
CONDITION
ON
ADDI-
TIONAL FINANCING.—A borrower may 
not use any part of the financing 
under this clause for non-business 
purposes. 
‘‘(iv) LOANS BASED ON JOBS.— 
‘‘(I) JOB CREATION AND RETEN-
TION GOALS.— 
‘‘(aa) IN
GENERAL.—The 
Administrator may provide fi-
nancing under this subparagraph 
for a borrower that meets the job 
creation goals under subsection 
(d) or (e) of section 501. 
‘‘(bb) ALTERNATE JOB RE-
TENTION
GOAL.—The Adminis-
trator may provide financing 
under this subparagraph to a 
borrower that does not meet the 
goals described in item (aa) in an 
amount that is not more than the 
product obtained by multiplying 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00674
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
726 
‘‘(B) JOINT RETURNS.—In the case of a 
joint return, the $2,400 amount in subsection 
(b)(1) shall be treated as being— 
‘‘(i) zero if the TIN of neither spouse 
is included on the return of tax for the 
taxable year, and 
‘‘(ii) $1,200 if the TIN of only one 
spouse is so included. 
‘‘(C) DEPENDENTS.—A dependent shall 
not be taken into account under subsection 
(b)(2) unless the TIN of such dependent is in-
cluded on the return of tax for the taxable year. 
‘‘(D) COORDINATION
WITH
CERTAIN
AD-
VANCE PAYMENTS.—In the case of any payment 
made pursuant to subsection (g)(5)(A)(ii), a 
TIN shall be treated for purposes of this para-
graph as included on the taxpayer’s return of 
tax if such TIN is provided pursuant to such 
subsection. 
‘‘(f) COORDINATION WITH ADVANCE REFUNDS OF 
CREDIT.— 
‘‘(1) REDUCTION OF REFUNDABLE CREDIT.— 
The amount of the credit which would (but for this 
paragraph) be allowable under subsection (a) shall 
be reduced (but not below zero) by the aggregate re-
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00726
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
827 
provided on an individual plan basis and in the 
aggregate); 
‘‘(G) the name and number of the plans 
that received adjustments to partition assist-
ance under subsection (i); 
‘‘(H) a list of, and rationale for, each rea-
sonable condition imposed by the corporation on 
plans approved for special partition assistance 
under this section; 
‘‘(I) the contracts that have been awarded 
by the corporation to implement or administer 
this section; 
‘‘(J) the number, purpose, and dollar 
amounts of the contracts that have been award-
ed to implement or administer the section; 
‘‘(K) a detailed summary of the reports re-
quired under subsection (m); and 
‘‘(L) a detailed summary of the feedback 
received on the pension relief internet website 
established under subsection (p). 
‘‘(2) PBGC CERTIFICATION.—The board of di-
rectors of the corporation shall include with the re-
port under paragraph (1) a certification and affir-
mation that the amount of special partition assist-
ance provided to each plan under this section is the 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 00827
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS
1056 
achieve a paternity establishment percentage of less 
than 90 percent. 
(4) The Secretary may not find that the pater-
nity establishment percentage for a State is not 
based on reliable data for purposes of section 
452(g)(1) of such Act, and the Secretary may not 
determine that the data which a State submitted 
pursuant to section 452(a)(4)(C)(i) of such Act and 
which is used in determining a performance level is 
not complete or reliable for purposes of section 
458(b)(5)(B) of such Act, on the basis of the failure 
of the State to submit OCSE Form 396 or 34 in a 
timely manner. 
(5) The Secretary may not impose a penalty or 
take any other adverse action against a State for 
failure to comply with section 454A(g)(1)(A)(i) or 
454B(c)(1) of such Act. 
(6) The Secretary may not disapprove a State 
plan submitted pursuant to part D of title IV of 
such Act for failure of the plan to meet the require-
ment of section 454(1) of such Act, and may not im-
pose a penalty or take any other adverse action 
against a State with such a plan that meets that re-
quirement for failure to comply with that require-
ment. 
VerDate Sep 11 2014 
03:13 Sep 30, 2020
Jkt 099200
PO 00000
Frm 01056
Fmt 6652
Sfmt 6201
E:\BILLS\H8406.IH
H8406
SSpencer on DSK126QN23PROD with BILLS