retary shall make a one-time payment under a grant 
under this section to each eligible health care prac-
tice or ambulatory surgery center. 
‘‘(c) UTILIZATION OF PAYMENTS.—Payments made 
under subsection (b) shall be utilized, with respect to the 
grantee involved, to compensate— 
‘‘(1) all hourly staff up to $25 per hour and 
salaried staff up to $75,000 in full; and 
‘‘(2) all hourly staff above $25 per hour and 
salaried staff above $75,000 at a rate of $25 per 
hour or $75,000 in annual salary. 
‘‘(d) DEFINITIONS.—In this section: 
‘‘(1) AMBULATORY
SURGERY
CENTER.—The 
term ‘ambulatory surgery center’ has the meaning 
given such term in section 1833(i) of the Social Se-
curity Act. 
‘‘(2) ELIGIBLE HEALTH CARE PRACTICE.—The 
term ‘eligible health care practice’ means a corpora-
tion, limited liability company, or unincorporated 
personal entity that provides health care services of 
a physician or a health care provider as licensed 
under State law. 
‘‘(3) HEALTH
CARE
PROVIDER.—The term 
‘health care provider’ means an individual providing 
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health care services under State law as determined 
by the Secretary. 
‘‘(4) PHYSICIAN.—The term ‘physician’ means 
an individual that meets the definition under section 
1861(r) of the Social Security Act. 
‘‘(e) AUTHORIZATION OF APPROPRIATIONS.—There 
is authorized to be appropriated such sums as may be nec-
essary to carry out this section.’’. 
SEC. 5. EMERGENCY LOW-INTEREST LOANS FOR PHYSI-
CIANS’ AND HEALTH CARE PROVIDERS’ PRAC-
TICES. 
The Small Business Act is amended by inserting after 
section 32 (15 U.S.C. 657b) the following: 
‘‘SEC. 33. 2020 EMERGENCY LOW-INTEREST LOANS FOR 
PHYSICIANS’ AND HEALTH CARE PROVIDERS’ 
PRACTICES. 
‘‘(a) PURPOSE.—It is the purpose of this section to 
provide low-interest loans for physicians’ and health care 
providers’ practices or ambulatory surgery centers, which 
as a result of the COVID-19 emergency, have suffered a 
significant financial impact. 
‘‘(b) LOW-INTEREST
LOANS.—The Administrator 
shall provide any eligible health care practice or ambula-
tory surgery center, which as a result of the COVID-19 
emergency, has suffered a significant financial impact, a 
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loan in such amount as may be necessary to enable such 
enterprise to maintain or resume operations in order to 
assist in maintaining and restoring the economic viability 
of the practice or center. Loans authorized by this section 
shall be made without regard to limitations on the size 
of loans which may otherwise be imposed by any other 
provision of law or regulations promulgated pursuant 
thereto. 
‘‘(c) INTEREST.—Any loan made under this section 
shall be subject to not to exceed .25 percent interest, and 
the President, if determined necessary, may defer pay-
ments of principal for a period not to exceed 3 years after 
the date of such loan. 
‘‘(d) DEFERRED INTEREST ACCRUAL.—Interest on a 
loan under this section shall not begin to accrue until the 
date that is 24 months after the date on which the 
COVID-19 emergency officially ends (as determined by 
the Administrator). 
‘‘(e) OTHER FEDERAL ASSISTANCE.—Loans made 
under this section shall be in addition to any other Federal 
emergency assistance available, except that such other as-
sistance may be adjusted or modified to the extent deter-
mined appropriate by the Administrator. 
‘‘(f) DEFINITIONS.—In this section: 
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‘‘(1) AMBULATORY
SURGERY
CENTER.—The 
term ‘ambulatory surgery center’ has the meaning 
given such term in section 1833(i) of the Social Se-
curity Act. 
‘‘(2) ELIGIBLE HEALTH CARE PRACTICE.—The 
term ‘eligible health care practice’ means a corpora-
tion, limited liability company, or unincorporated 
personal entity that provides health care services of 
a physician or a health care provider as licensed 
under State law. 
‘‘(3) HEALTH
CARE
PROVIDER.—The term 
‘health care provider’ means an individual providing 
health care services under State law as determined 
by the Administrator. 
‘‘(4) PHYSICIAN.—The term ‘physician’ means 
an individual that meets the definition under section 
1861(r) of the Social Security Act. 
‘‘(g) SUNSET.—Low-interest loans under this section 
to eligible health care practices and ambulatory surgery 
centers shall only be made during the duration of the 
COVID-19 emergency. 
‘‘(h) AUTHORIZATION OF APPROPRIATIONS.—There 
is authorized to be appropriated such sums as may be nec-
essary to carry out this section.’’. 
Æ 
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