532 
test for, or a medical diagnosis of, COVID-19 
and such employee has been exposed to 
COVID-19 or is unable to work pending the re-
sults of such test or diagnosis, or the employee 
is obtaining immunization related to COVID– 
19 or recovering from any injury, disability, ill-
ness, or condition related to such immuniza-
tion’’ after ‘‘public health emergency’’, and 
(B) section 110(b) of such Act shall be ap-
plied— 
(i) without regard to paragraph (1) 
thereof, and 
(ii) by striking ‘‘after taking leave 
after such section for 10 days’’ in para-
graph (2)(A) thereof. 
(c) 
QUALIFIED
FAMILY
LEAVE
EQUIVALENT 
AMOUNT.—For purposes of this section— 
(1) IN GENERAL.—The term ‘‘qualified family 
leave equivalent amount’’ means, with respect to any 
eligible self-employed individual, an amount equal to 
the product of— 
(A) the number of days (not to exceed 60) 
during the taxable year that the individual is 
unable to perform services in any trade or busi-
ness referred to in section 1402 of the Internal
533 
Revenue Code of 1986 for a reason with respect 
to which such individual would be entitled to re-
ceive paid leave as described in subsection (b) 
of this section, multiplied by 
(B) the lesser of— 
(i) 67 percent of the average daily 
self-employment income of the individual 
for the taxable year, or 
(ii) $200. 
(2) AVERAGE
DAILY
SELF-EMPLOYMENT
IN-
COME.—For purposes of this subsection, the term 
‘‘average daily self-employment income’’ means an 
amount equal to— 
(A) the net earnings from self-employment 
income of the individual for the taxable year, 
divided by 
(B) 260. 
(3) ELECTION TO USE PRIOR YEAR NET EARN-
INGS
FROM
SELF-EMPLOYMENT
INCOME.—In the 
case of an individual who elects (at such time and 
in such manner as the Secretary may provide) the 
application of this paragraph, paragraph (2)(A) shall 
be applied by substituting ‘‘the prior taxable year’’ 
for ‘‘the taxable year’’.
534 
(4) COORDINATION
WITH
CREDIT
FOR
SICK 
LEAVE.—Any day taken into account in determining 
the qualified sick leave equivalent amount with re-
spect to any eligible-self employed individual under 
section 9642 shall not be take into account in deter-
mining the qualified family leave equivalent amount 
with respect to such individual under this section. 
(d) CREDIT REFUNDABLE.— 
(1) IN GENERAL.—The credit determined under 
this section shall be treated as a credit allowed to 
the taxpayer under subpart C of part IV of sub-
chapter A of chapter 1 of such Code. 
(2) TREATMENT OF PAYMENTS.—For purposes 
of section 1324 of title 31, United States Code, any 
refund due from the credit determined under this 
section shall be treated in the same manner as a re-
fund due from a credit provision referred to in sub-
section (b)(2) of such section. 
(e) SPECIAL RULES.— 
(1) DOCUMENTATION.—No credit shall be al-
lowed under this section unless the individual main-
tains such documentation as the Secretary may pre-
scribe to establish such individual as an eligible self- 
employed individual.
535 
(2) DENIAL OF DOUBLE BENEFIT.—In the case 
of an individual who receives wages (as defined in 
section 3121(a) of the Internal Revenue Code of 
1986) or compensation (as defined in section 
3231(e) of such Code) paid by an employer which 
are required to be paid by reason of the Emergency 
Family and Medical Leave Expansion Act, the quali-
fied family leave equivalent amount otherwise de-
scribed in subsection (c) of this section shall be re-
duced (but not below zero) to the extent that the 
sum of the amount described in such subsection and 
in section 3132(b)(1) of such Code exceeds $12,000. 
(3) REFERENCES TO EMERGENCY FAMILY AND 
MEDICAL LEAVE EXPANSION ACT.—Any reference in 
this section to the Emergency Family and Medical 
Leave Expansion Act shall be treated as including a 
reference to the amendments made by such Act. 
(f) APPLICATION OF SECTION.—Only days occurring 
during the period beginning on April 1, 2021 and ending 
on September 30, 2021, may be taken into account under 
subsection (c)(1)(A). 
(g) APPLICATION OF CREDIT IN CERTAIN POSSES-
SIONS.— 
(1) PAYMENTS TO POSSESSIONS WITH MIRROR 
CODE TAX SYSTEMS.—The Secretary shall pay to
536 
each possession of the United States which has a 
mirror code tax system amounts equal to the loss (if 
any) to that possession by reason of the application 
of the provisions of this section. Such amounts shall 
be determined by the Secretary based on information 
provided by the government of the respective posses-
sion. 
(2) PAYMENTS TO OTHER POSSESSIONS.—The 
Secretary shall pay to each possession of the United 
States which does not have a mirror code tax system 
amounts estimated by the Secretary as being equal 
to the aggregate benefits (if any) that would have 
been provided to residents of such possession by rea-
son of the provisions of this section if a mirror code 
tax system had been in effect in such possession. 
The preceding sentence shall not apply unless the re-
spective possession has a plan, which has been ap-
proved by the Secretary, under which such posses-
sion will promptly distribute such payments to its 
residents. 
(3) MIRROR CODE TAX SYSTEM.—For purposes 
of this section, the term ‘‘mirror code tax system’’ 
means, with respect to any possession of the United 
States, the income tax system of such possession if 
the income tax liability of the residents of such pos-
537 
session under such system is determined by ref-
erence to the income tax laws of the United States 
as if such possession were the United States. 
(4) TREATMENT OF PAYMENTS.—For purposes 
of section 1324 of title 31, United States Code, the 
payments under this subsection shall be treated in 
the same manner as a refund due from a credit pro-
vision referred to in subsection (b)(2) of such sec-
tion. 
(h) REGULATIONS.—The Secretary shall prescribe 
such regulations or other guidance as may be necessary 
to carry out the purposes of this section, including— 
(1) regulations or other guidance to prevent the 
avoidance of the purposes of this section, and 
(2) regulations or other guidance to minimize 
compliance and record-keeping burdens under this 
section. 
PART 6—EMPLOYEE RETENTION CREDIT 
SEC. 9651. EXTENSION OF EMPLOYEE RETENTION CREDIT. 
(a) IN GENERAL.—Subchapter D of chapter 21 of 
subtitle C of the Internal Revenue Code of 1986, as added 
by section 9641, is amended by adding at the end the fol-
lowing:
538 
‘‘SEC. 3134. EMPLOYEE RETENTION CREDIT FOR EMPLOY-
ERS SUBJECT TO CLOSURE DUE TO COVID–19. 
‘‘(a) IN GENERAL.—In the case of an eligible em-
ployer, there shall be allowed as a credit against applicable 
employment taxes for each calendar quarter an amount 
equal to 70 percent of the qualified wages with respect 
to each employee of such employer for such calendar quar-
ter. 
‘‘(b) LIMITATIONS AND REFUNDABILITY.— 
‘‘(1) WAGES
TAKEN
INTO
ACCOUNT.—The 
amount of qualified wages with respect to any em-
ployee which may be taken into account under sub-
section (a) by the eligible employer for any calendar 
quarter shall not exceed $10,000. 
‘‘(2) 
CREDIT
LIMITED
TO
EMPLOYMENT 
TAXES.—The credit allowed by subsection (a) with 
respect to any calendar quarter shall not exceed the 
applicable employment taxes (reduced by any credits 
allowed under sections 3131 and 3132) on the wages 
paid with respect to the employment of all the em-
ployees of the eligible employer for such calendar 
quarter. 
‘‘(3) REFUNDABILITY OF EXCESS CREDIT.—If 
the amount of the credit under subsection (a) ex-
ceeds the limitation of paragraph (2) for any cal-
endar quarter, such excess shall be treated as an
539 
overpayment that shall be refunded under sections 
6402(a) and 6413(b). 
‘‘(c) DEFINITIONS.—For purposes of this section— 
‘‘(1) APPLICABLE EMPLOYMENT TAXES.—The 
term ‘applicable employment taxes’ means the fol-
lowing: 
‘‘(A) The taxes imposed under section 
3111(b). 
‘‘(B) So much of the taxes imposed under 
section 3221(a) as are attributable to the rate 
in effect under section 3111(b). 
‘‘(2) ELIGIBLE EMPLOYER.— 
‘‘(A) IN GENERAL.—The term ‘eligible em-
ployer’ means any employer— 
‘‘(i) which was carrying on a trade or 
business during the calendar quarter for 
which the credit is determined under sub-
section (a), and 
‘‘(ii) with respect to any calendar 
quarter, for which— 
‘‘(I) the operation of the trade or 
business described in clause (i) is fully 
or partially suspended during the cal-
endar quarter due to orders from an 
appropriate governmental authority
540 
limiting commerce, travel, or group 
meetings (for commercial, social, reli-
gious, or other purposes) due to the 
coronavirus disease 2019 (COVID– 
19), or 
‘‘(II) the gross receipts (within 
the meaning of section 448(c)) of such 
employer for such calendar quarter 
are less than 80 percent of the gross 
receipts of such employer for the same 
calendar quarter in calendar year 
2019. 
With respect to any employer for any cal-
endar quarter, if such employer was not in 
existence as of the beginning of the same 
calendar quarter in calendar year 2019, 
clause (ii)(II) shall be applied by sub-
stituting ‘2020’ for ‘2019’. 
‘‘(B) ELECTION
TO
USE
ALTERNATIVE 
QUARTER.—At the election of the employer— 
‘‘(i) subparagraph (A)(ii)(II) shall be 
applied— 
‘‘(I) by substituting ‘for the im-
mediately preceding calendar quarter’ 
for ‘for such calendar quarter’, and
541 
‘‘(II) by substituting ‘the cor-
responding calendar quarter in cal-
endar year 2019’ for ‘the same cal-
endar quarter in calendar year 2019’, 
and 
‘‘(ii) the last sentence of subpara-
graph (A) shall be applied by substituting 
‘the corresponding calendar quarter in cal-
endar year 2019’ for ‘the same calendar 
quarter in calendar year 2019’. 
An election under this subparagraph shall be 
made at such time and in such manner as the 
Secretary shall prescribe. 
‘‘(C) TAX-EXEMPT
ORGANIZATIONS.—In 
the case of an organization which is described 
in section 501(c) and exempt from tax under 
section 501(a)— 
‘‘(i) clauses (i) and (ii)(I) of subpara-
graph (A) shall apply to all operations of 
such organization, and 
‘‘(ii) any reference in this section to 
gross receipts shall be treated as a ref-
erence to gross receipts within the meaning 
of section 6033. 
‘‘(3) QUALIFIED WAGES.—
542 
‘‘(A) IN
GENERAL.—The term ‘qualified 
wages’ means— 
‘‘(i) in the case of an eligible employer 
for which the average number of full-time 
employees (within the meaning of section 
4980H) employed by such eligible employer 
during 2019 was greater than 500, wages 
paid by such eligible employer with respect 
to which an employee is not providing serv-
ices due to circumstances described in sub-
clause (I) or (II) of paragraph (2)(A)(ii), 
or 
‘‘(ii) in the case of an eligible em-
ployer for which the average number of 
full-time employees (within the meaning of 
section 4980H) employed by such eligible 
employer during 2019 was not greater 
than 500— 
‘‘(I) with respect to an eligible 
employer described in subclause (I) of 
paragraph (2)(A)(ii), wages paid by 
such eligible employer with respect to 
an employee during any period de-
scribed in such clause, or
543 
‘‘(II) with respect to an eligible 
employer described in subclause (II) 
of such paragraph, wages paid by 
such eligible employer with respect to 
an employee during such quarter. 
‘‘(B) EXCEPTION.—The term ‘qualified 
wages’ shall not include any wages taken into 
account under sections 41, 45A, 45P, 45S, 51, 
1396, 3131, and 3132. 
‘‘(4) WAGES.— 
‘‘(A) IN
GENERAL.—The term ‘wages’ 
means wages (as defined in section 3121(a)) 
and compensation (as defined in section 
3231(e)). For purposes of the preceding sen-
tence, in the case of any organization or entity 
described in subsection (f)(2), wages as defined 
in section 3121(a) shall be determined without 
regard to paragraphs (5), (6), (7), (10), and 
(13) of section 3121(b) (except with respect to 
services performed in a penal institution by an 
inmate thereof). 
‘‘(B) ALLOWANCE FOR CERTAIN HEALTH 
PLAN EXPENSES.— 
‘‘(i) IN
GENERAL.—Such term shall 
include amounts paid by the eligible em-
544 
ployer to provide and maintain a group 
health 
plan 
(as 
defined 
in 
section 
5000(b)(1)), but only to the extent that 
such amounts are excluded from the gross 
income of employees by reason of section 
106(a). 
‘‘(ii) ALLOCATION RULES.—For pur-
poses of this section, amounts treated as 
wages under clause (i) shall be treated as 
paid with respect to any employee (and 
with respect to any period) to the extent 
that such amounts are properly allocable to 
such employee (and to such period) in such 
manner as the Secretary may prescribe. 
Except as otherwise provided by the Sec-
retary, such allocation shall be treated as 
properly made if made on the basis of 
being pro rata among periods of coverage. 
‘‘(5) OTHER TERMS.—Any term used in this 
section which is also used in this chapter or chapter 
22 shall have the same meaning as when used in 
such chapter. 
‘‘(d) AGGREGATION RULE.—All persons treated as a 
single employer under subsection (a) or (b) of section 52,
545 
or subsection (m) or (o) of section 414, shall be treated 
as one employer for purposes of this section. 
‘‘(e) CERTAIN RULES TO APPLY.—For purposes of 
this section, rules similar to the rules of sections 51(i)(1) 
and 280C(a) shall apply. 
‘‘(f) CERTAIN GOVERNMENTAL EMPLOYERS.— 
‘‘(1) IN GENERAL.—This credit shall not apply 
to the Government of the United States, the govern-
ment of any State or political subdivision thereof, or 
any agency or instrumentality of any of the fore-
going. 
‘‘(2) EXCEPTION.—Paragraph (1) shall not 
apply to— 
‘‘(A) any organization described in section 
501(c)(1) and exempt from tax under section 
501(a), or 
‘‘(B) any entity described in paragraph (1) 
if— 
‘‘(i) such entity is a college or univer-
sity, or 
‘‘(ii) the principal purpose or function 
of such entity is providing medical or hos-
pital care. 
In the case of any entity described in subpara-
graph (B), such entity shall be treated as satis-
546 
fying 
the 
requirements 
of 
subsection 
(c)(2)(A)(i). 
‘‘(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) APPLICATION WHERE CERTAIN LOANS NOT 
FORGIVEN.—The Secretary shall issue guidance pro-
viding that payroll costs paid during the covered pe-
riod shall not fail to be treated as qualified wages 
under this section by reason of paragraph (1) to the 
extent that— 
‘‘(A) a covered loan of the taxpayer under 
section 7(a)(37) of the Small Business Act is 
not forgiven by reason of a decision under sec-
tion 7(a)(37)(J) of such Act, or 
‘‘(B) a covered loan of the taxpayer under 
section 7A of the Small Business Act is not for-
given by reason of a decision under section 
7A(g) of such Act.
547 
‘‘(h) THIRD PARTY PAYORS.—Any credit allowed 
under this section shall be treated as a credit described 
in section 3511(d)(2). 
‘‘(i) ADVANCE PAYMENTS.— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), no advance payment of the credit under 
subsection (a) shall be allowed. 
‘‘(2) ADVANCE PAYMENTS TO SMALL EMPLOY-
ERS.— 
‘‘(A) IN GENERAL.—Under rules provided 
by the Secretary, an eligible employer for which 
the average number of full-time employees 
(within the meaning of section 4980H) em-
ployed by such eligible employer during 2019 
was not greater than 500 may elect for any cal-
endar quarter to receive an advance payment of 
the credit under subsection (a) for such quarter 
in an amount not to exceed 70 percent of the 
average quarterly wages paid by the employer 
in calendar year 2019. 
‘‘(B) SPECIAL RULE FOR SEASONAL EM-
PLOYERS.—In the case of any employer who 
employs seasonal workers (as defined in section 
45R(d)(5)(B)), the employer may elect to sub-
stitute ‘the wages for the calendar quarter in
548 
2019 which corresponds to the calendar quarter 
to which the election relates’ for ‘the average 
quarterly wages paid by the employer in cal-
endar year 2019’. 
‘‘(C) SPECIAL RULE FOR EMPLOYERS NOT 
IN EXISTENCE IN 2019.—In the case of any em-
ployer that was not in existence in 2019, sub-
paragraphs (A) and (B) shall each be applied 
by substituting ‘2020’ for ‘2019’ each place it 
appears. 
‘‘(3) RECONCILIATION
OF
CREDIT
WITH
AD-
VANCE PAYMENTS.— 
‘‘(A) IN GENERAL.—The amount of credit 
which would (but for this subsection) be allowed 
under this section shall be reduced (but not 
below zero) by the aggregate payment allowed 
to the taxpayer under paragraph (2). Any fail-
ure to so reduce the credit shall be treated as 
arising out of a mathematical or clerical error 
and assessed according to section 6213(b)(1). 
‘‘(B) EXCESS ADVANCE PAYMENTS.—If the 
advance payments to a taxpayer under para-
graph (2) for a calendar quarter exceed the 
credit allowed by this section (determined with-
out regard to subparagraph (A)), the tax im-
549 
posed under section 3111(b) or so much of the 
tax imposed under section 3221(a) as is attrib-
utable to the rate in effect under section 
3111(b) (whichever is applicable) for the cal-
endar quarter shall be increased by the amount 
of such excess. 
‘‘(j) TREATMENT OF DEPOSITS.—The Secretary shall 
waive any penalty under section 6656 for any failure to 
make a deposit of any applicable employment taxes if the 
Secretary determines that such failure was due to the rea-
sonable anticipation of the credit allowed under this sec-
tion. 
‘‘(k) EXTENSION OF LIMITATION ON ASSESSMENT.— 
Notwithstanding section 6501, the limitation on the time 
period for the assessment of any amount attributable to 
a credit claimed under this section shall not expire before 
the date that is 5 years after the later of— 
‘‘(1) the date on which the original return 
which includes the calendar quarter with respect to 
which such credit is determined is filed, or 
‘‘(2) the date on which such return is treated 
as filed under section 6501(b)(2). 
‘‘(l) REGULATIONS AND GUIDANCE.—The Secretary 
shall issue such forms, instructions, regulations, and guid-
ance as are necessary—
550 
‘‘(1) to allow the advance payment of the credit 
under subsection (a) as provided in subsection (i)(2), 
subject to the limitations provided in this section, 
based on such information as the Secretary shall re-
quire, 
‘‘(2) with respect to the application of the cred-
it under subsection (a) to third party payors (includ-
ing professional employer organizations, certified 
professional employer organizations, or agents under 
section 3504), including regulations or guidance al-
lowing such payors to submit documentation nec-
essary to substantiate the eligible employer status of 
employers that use such payors, and 
‘‘(3) to prevent the avoidance of the purposes of 
the limitations under this section, including through 
the leaseback of employees. 
Any forms, instructions, regulations, or guidance de-
scribed in paragraph (2) shall require the customer to be 
responsible for the accounting of the credit and for any 
liability for improperly claimed credits and shall require 
the certified professional employer organization or other 
third party payor to accurately report such tax credits 
based on the information provided by the customer.
551 
‘‘(m) APPLICATION.—This section shall only apply to 
wages paid after June 30, 2021, and before January 1, 
2022.’’. 
(b) REFUNDS.—Paragraph (2) of section 1324(b) of 
title 31, United States Code, is amended by inserting 
‘‘3134,’’ before ‘‘6428’’. 
(c) CLERICAL AMENDMENT.—The table of sections 
for subchapter D of chapter 21 of subtitle C of the Inter-
nal Revenue Code of 1986 is amended by adding at the 
end the following: 
‘‘Sec. 3134. Employee retention credit for employers subject to closure due to 
COVID–19.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to calendar quarters beginning 
after June 30, 2021. 
PART 7—PREMIUM TAX CREDIT 
SEC. 9661. IMPROVING AFFORDABILITY BY EXPANDING 
PREMIUM ASSISTANCE FOR CONSUMERS. 
(a) IN GENERAL.—Section 36B(b)(3)(A) of the In-
ternal Revenue Code of 1986 is amended by adding at the 
end the following new clause: 
‘‘(iii) TEMPORARY PERCENTAGES FOR 
2021 AND 2022.—In the case of a taxable 
year beginning in 2021 or 2022— 
‘‘(I) clause (ii) shall not apply for 
purposes of adjusting premium per-
552 
centages under this subparagraph, 
and 
‘‘(II) the following table shall be 
applied in lieu of the table contained 
in clause (i): 
‘‘In the case of household 
income (expressed as 
a percent of poverty line) 
within the following income tier: 
The initial 
premium 
percentage is— 
The final 
premium 
percentage is— 
Up to 150.0 percent ...................................
0.0 
0.0
150.0 percent up to 200.0 percent .............
0.0 
2.0
200.0 percent up to 250.0 percent .............
2.0 
4.0
250.0 percent up to 300.0 percent .............
4.0 
6.0
300.0 percent up to 400.0 percent .............
6.0 
8.5
400.0 percent and higher ...........................
8.5 
8.5’’. 
(b) CONFORMING AMENDMENT.—Section 36B(c)(1) 
of the Internal Revenue Code of 1986 is amended by add-
ing at the end the following new subparagraph: 
‘‘(E) TEMPORARY
RULE
FOR 2021 AND 
2022.—In the case of a taxable year beginning 
in 2021 or 2022, subparagraph (A) shall be ap-
plied without regard to ‘but does not exceed 
400 percent’.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2020.
553 
SEC. 9662. TEMPORARY MODIFICATION OF LIMITATIONS 
ON RECONCILIATION OF TAX CREDITS FOR 
COVERAGE UNDER A QUALIFIED HEALTH 
PLAN WITH ADVANCE PAYMENTS OF SUCH 
CREDIT. 
(a) IN GENERAL.—Section 36B(f)(2)(B) of the Inter-
nal Revenue Code of 1986 is amended by adding at the 
end the following new clause: 
‘‘(iii) TEMPORARY MODIFICATION OF 
LIMITATION ON INCREASE.—In the case of 
any taxable year beginning in 2020, for 
any taxpayer who files for such taxable 
year an income tax return reconciling any 
advance payment of the credit under this 
section, the Secretary shall treat subpara-
graph (A) as not applying.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2019. 
SEC. 9663. APPLICATION OF PREMIUM TAX CREDIT IN CASE 
OF 
INDIVIDUALS 
RECEIVING 
UNEMPLOY-
MENT COMPENSATION DURING 2021. 
(a) IN GENERAL.—Section 36B of the Internal Rev-
enue Code of 1986 is amended by redesignating subsection 
(g) as subsection (h) and by inserting after subsection (f) 
the following new subsection:
554 
‘‘(g) SPECIAL RULE FOR INDIVIDUALS WHO RE-
CEIVE UNEMPLOYMENT COMPENSATION DURING 2021.— 
‘‘(1) IN GENERAL.—For purposes of this sec-
tion, in the case of a taxpayer who has received, or 
has been approved to receive, unemployment com-
pensation for any week beginning during 2021, for 
the taxable year in which such week begins— 
‘‘(A) such taxpayer shall be treated as an 
applicable taxpayer, and 
‘‘(B) there shall not be taken into account 
any household income of the taxpayer in excess 
of 133 percent of the poverty line for a family 
of the size involved. 
‘‘(2) UNEMPLOYMENT
COMPENSATION.—For 
purposes of this subsection, the term ‘unemployment 
compensation’ has the meaning given such term in 
section 85(b). 
‘‘(3) EVIDENCE
OF
UNEMPLOYMENT
COM-
PENSATION.—For purposes of this subsection, a tax-
payer shall not be treated as having received (or 
been approved to receive) unemployment compensa-
tion for any week unless such taxpayer provides self- 
attestation of, and such documentation as the Sec-
retary shall prescribe which demonstrates, such re-
ceipt or approval.
555 
‘‘(4) CLARIFICATION OF RULES REMAINING AP-
PLICABLE.— 
‘‘(A) JOINT
RETURN
REQUIREMENT.— 
Paragraph (1)(A) shall not affect the applica-
tion of subsection (c)(1)(C). 
‘‘(B) 
HOUSEHOLD
INCOME
AND 
AFFORDABILLITY.—Paragraph (1)(B) shall not 
apply to any determination of household income 
for purposes of paragraph (2)(C)(i)(II) or 
(4)(C)(ii) of subsection (c)’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2020. 
PART 8—MISCELLANEOUS PROVISIONS 
SEC. 9671. REPEAL OF ELECTION TO ALLOCATE INTEREST, 
ETC. ON WORLDWIDE BASIS. 
(a) IN GENERAL.—Section 864 of the Internal Rev-
enue Code of 1986 is amended by striking subsection (f). 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2020. 
SEC. 9672. TAX TREATMENT OF TARGETED EIDL ADVANCES. 
For purposes of the Internal Revenue Code of 
1986—
556 
(1) amounts received from the Administrator of 
the Small Business Administration in the form of a 
Targeted EIDL Advance shall not be included in the 
gross income of the person that receives such 
amounts, 
(2) no deduction shall be denied, no tax at-
tribute shall be reduced, and no basis increase shall 
be denied, by reason of the exclusion from gross in-
come provided by paragraph (1), and 
(3) in the case of a partnership or S corpora-
tion that receives such amounts— 
(A) any amount excluded from income by 
reason of paragraph (1) shall be treated as tax 
exempt income for purposes of sections 705 and 
1366 of the Internal Revenue Code of 1986, 
and 
(B) the Secretary of the Treasury (or the 
Secretary’s delegate) shall prescribe rules for 
determining a partner’s distributive share of 
any amount described in subparagraph (A) for 
purposes of section 705 of the Internal Revenue 
Code of 1986.
557 
SEC. 9673. TAX TREATMENT OF RESTAURANT REVITALIZA-
TION GRANTS. 
For purposes of the Internal Revenue Code of 
1986— 
(1) amounts received from the Administrator of 
the Small Business Administration in the form of a 
Restaurant Revitalization Grant shall not be in-
cluded in the gross income of the person that re-
ceives such amounts, 
(2) no deduction shall be denied, no tax at-
tribute shall be reduced, and no basis increase shall 
be denied, by reason of the exclusion from gross in-
come provided by paragraph (1), and 
(3) in the case of a partnership or S corpora-
tion that receives such amounts— 
(A) except as otherwise provided by the 
Secretary of the Treasury (or the Secretary’s 
delegate), any amount excluded from income by 
reason of paragraph (1) shall be treated as tax 
exempt income for purposes of sections 705 and 
1366 of the Internal Revenue Code of 1986, 
and 
(B) the Secretary of the Treasury (or the 
Secretary’s delegate) shall prescribe rules for 
determining a partner’s distributive share of 
any amount described in subparagraph (A) for
558 
purposes of section 705 of the Internal Revenue 
Code of 1986. 
SEC. 9674. MODIFICATION OF EXCEPTIONS FOR REPORT-
ING OF THIRD PARTY NETWORK TRANS-
ACTIONS. 
(a) IN GENERAL.—Section 6050W(e) of the Internal 
Revenue Code of 1986 is amended to read as follows: 
‘‘(e) DE MINIMIS EXCEPTION FOR THIRD PARTY 
SETTLEMENT ORGANIZATIONS.—A third party settlement 
organization shall not be required to report any informa-
tion under subsection (a) with respect to third party net-
work transactions of any participating payee if the amount 
which would otherwise be reported under subsection (a)(2) 
with respect to such transactions does not exceed $600.’’. 
(b) CLARIFICATION THAT REPORTING IS NOT RE-
QUIRED ON TRANSACTIONS WHICH ARE NOT FOR GOODS 
OR SERVICES.—Section 6050W(c)(3) of such Code is 
amended 
by 
inserting 
‘‘described 
in 
subsection 
(d)(3)(A)(iii)’’ after ‘‘any transaction’’. 
(c) EFFECTIVE DATE.— 
(1) IN
GENERAL.—The amendment made by 
subsection (a) shall apply to returns for calendar 
years beginning after December 31, 2021.
559 
(2) CLARIFICATION.—The amendment made by 
subsection (b) shall apply to transactions after the 
date of the enactment of this Act. 
Subtitle H—Pensions 
SEC. 9701. TEMPORARY DELAY OF DESIGNATION OF MULTI-
EMPLOYER PLANS AS IN ENDANGERED, CRIT-
ICAL, OR CRITICAL AND DECLINING STATUS. 
(a) IN GENERAL.—Notwithstanding the actuarial 
certification under section 305(b)(3) of the Employee Re-
tirement Income Security Act of 1974 and section 
432(b)(3) of the Internal Revenue Code of 1986, if a plan 
sponsor of a multiemployer plan elects the application of 
this section, then, for purposes of section 305 of such Act 
and section 432 of such Code— 
(1) the status of the plan for its first plan year 
beginning during the period beginning on March 1, 
2020, and ending on February 28, 2021, or the next 
succeeding plan year (as designated by the plan 
sponsor in such election), shall be the same as the 
status of such plan under such sections for the plan 
year preceding such designated plan year, and 
(2) in the case of a plan which was in endan-
gered or critical status for the plan year preceding 
the designated plan year described in paragraph (1), 
the plan shall not be required to update its plan or
560 
schedules under section 305(c)(6) of such Act and 
section 
432(c)(6) 
of 
such 
Code, 
or 
section 
305(e)(3)(B) of such Act and section 432(e)(3)(B) 
of such Code, whichever is applicable, until the plan 
year following the designated plan year described in 
paragraph (1). 
(b) EXCEPTION
FOR PLANS BECOMING CRITICAL 
DURING ELECTION.—If— 
(1) an election was made under subsection (a) 
with respect to a multiemployer plan, and 
(2) such plan has, without regard to such elec-
tion, been certified by the plan actuary under section 
305(b)(3) of the Employee Retirement Income Secu-
rity Act of 1974 and section 432(b)(3) of the Inter-
nal Revenue Code of 1986 to be in critical status for 
the designated plan year described in subsection 
(a)(1), then such plan shall be treated as a plan in 
critical status for such plan year for purposes of ap-
plying section 4971(g)(1)(A) of such Code, section 
302(b)(3) of such Act (without regard to the second 
sentence thereof), and section 412(b)(3) of such 
Code (without regard to the second sentence there-
of). 
(c) ELECTION AND NOTICE.—
561 
(1) ELECTION.—An election under subsection 
(a)— 
(A) shall be made at such time and in such 
manner as the Secretary of the Treasury or the 
Secretary’s delegate may prescribe and, once 
made, may be revoked only with the consent of 
the Secretary, and 
(B) if made— 
(i) before the date the annual certifi-
cation is submitted to the Secretary or the 
Secretary’s 
delegate 
under 
section 
305(b)(3) 
of 
such 
Act 
and 
section 
432(b)(3) of such Code, shall be included 
with such annual certification, and 
(ii) after such date, shall be submitted 
to the Secretary or the Secretary’s delegate 
not later than 30 days after the date of the 
election. 
(2) NOTICE TO PARTICIPANTS.— 
(A) IN
GENERAL.—Notwithstanding sec-
tion 305(b)(3)(D) of the Employee Retirement 
Income Security Act of 1974 and section 
432(b)(3)(D) of the Internal Revenue Code of 
1986, if, by reason of an election made under
562 
subsection (a), the plan is in neither endan-
gered nor critical status— 
(i) the plan sponsor of a multiem-
ployer plan shall not be required to provide 
notice under such sections, and 
(ii) the plan sponsor shall provide to 
the participants and beneficiaries, the bar-
gaining parties, the Pension Benefit Guar-
anty Corporation, and the Secretary of 
Labor a notice of the election under sub-
section (a) and such other information as 
the Secretary of the Treasury (in consulta-
tion with the Secretary of Labor) may re-
quire— 
(I) if the election is made before 
the date the annual certification is 
submitted to the Secretary or the Sec-
retary’s 
delegate 
under 
section 
305(b)(3) of such Act and section 
432(b)(3) of such Code, not later than 
30 days after the date of the certifi-
cation, and 
(II) if the election is made after 
such date, not later than 30 days 
after the date of the election.
563 
(B) NOTICE OF ENDANGERED STATUS.— 
Notwithstanding section 305(b)(3)(D) of such 
Act and section 432(b)(3)(D) of such Code, if 
the plan is certified to be in critical status for 
any plan year but is in endangered status by 
reason of an election made under subsection 
(a), the notice provided under such sections 
shall be the notice which would have been pro-
vided if the plan had been certified to be in en-
dangered status. 
SEC. 9702. TEMPORARY EXTENSION OF THE FUNDING IM-
PROVEMENT AND REHABILITATION PERIODS 
FOR MULTIEMPLOYER PENSION PLANS IN 
CRITICAL AND ENDANGERED STATUS FOR 
2020 OR 2021. 
(a) IN GENERAL.—If the plan sponsor of a multiem-
ployer plan which is in endangered or critical status for 
a plan year beginning in 2020 or 2021 (determined after 
application of section 9701) elects the application of this 
section, then, for purposes of section 305 of the Employee 
Retirement Income Security Act of 1974 and section 432 
of the Internal Revenue Code of 1986, the plan’s funding 
improvement period or rehabilitation period, whichever is 
applicable, shall be extended by 5 years.
564 
(b) DEFINITIONS AND SPECIAL RULES.—For pur-
poses of this section— 
(1) ELECTION.—An election under this section 
shall be made at such time, and in such manner and 
form, as (in consultation with the Secretary of 
Labor) the Secretary of the Treasury or the Sec-
retary’s delegate may prescribe. 
(2) DEFINITIONS.—Any term which is used in 
this section which is also used in section 305 of the 
Employee Retirement Income Security Act of 1974 
and section 432 of the Internal Revenue Code of 
1986 shall have the same meaning as when used in 
such sections. 
(c) EFFECTIVE DATE.—This section shall apply to 
plan years beginning after December 31, 2019. 
SEC. 9703. ADJUSTMENTS TO FUNDING STANDARD AC-
COUNT RULES. 
(a) ADJUSTMENTS.— 
(1) AMENDMENT TO EMPLOYEE RETIREMENT 
INCOME SECURITY ACT OF 1974.—Section 304(b)(8) 
of the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1084(b)) is amended by adding at 
the end the following new subparagraph: 
‘‘(F) RELIEF FOR 2020 AND 2021.—A mul-
tiemployer plan with respect to which the sol-
565 
vency test under subparagraph (C) is met as of 
February 29, 2020, may elect to apply this 
paragraph (without regard to whether such plan 
previously elected the application of this para-
graph)— 
‘‘(i) by substituting ‘February 29, 
2020’ for ‘August 31, 2008’ each place it 
appears in subparagraphs (A)(i), (B)(i)(I), 
and (B)(i)(II), 
‘‘(ii) by inserting ‘and other losses re-
lated 
to 
the 
virus 
SARS–CoV–2 
or 
coronavirus disease 2019 (COVID–19) (in-
cluding experience losses related to reduc-
tions in contributions, reductions in em-
ployment, and deviations from anticipated 
retirement rates, as determined by the plan 
sponsor)’ after ‘net investment losses’ in 
subparagraph (A)(i), and 
‘‘(iii) by substituting ‘this subpara-
graph or subparagraph (A)’ for ‘this sub-
paragraph and subparagraph (A) both’ in 
subparagraph (B)(iii). 
The preceding sentence shall not apply to a 
plan to which special financial assistance is 
granted under section 4262. For purposes of
566 
the application of this subparagraph, the Sec-
retary of the Treasury shall rely on the plan 
sponsor’s calculations of plan losses unless such 
calculations are clearly erroneous.’’. 
(2) AMENDMENT TO INTERNAL REVENUE CODE 
OF 1986.—Section 431(b)(8) of the Internal Revenue 
Code of 1986 is amended by adding at the end the 
following new subparagraph: 
‘‘(F) RELIEF FOR 2020 AND 2021.—A mul-
tiemployer plan with respect to which the sol-
vency test under subparagraph (C) is met as of 
February 29, 2020, may elect to apply this 
paragraph (without regard to whether such plan 
previously elected the application of this para-
graph)— 
‘‘(i) by substituting ‘February 29, 
2020’ for ‘August 31, 2008’ each place it 
appears in subparagraphs (A)(i), (B)(i)(I), 
and (B)(i)(II), 
‘‘(ii) by inserting ‘and other losses re-
lated 
to 
the 
virus 
SARS–CoV–2 
or 
coronavirus disease 2019 (COVID–19) (in-
cluding experience losses related to reduc-
tions in contributions, reductions in em-
ployment, and deviations from anticipated
567 
retirement rates, as determined by the plan 
sponsor)’ after ‘net investment losses’ in 
subparagraph (A)(i), and 
‘‘(iii) by substituting ‘this subpara-
graph or subparagraph (A)’ for ‘this sub-
paragraph and subparagraph (A) both’ in 
subparagraph (B)(iii). 
The preceding sentence shall not apply to a 
plan to which special financial assistance is 
granted under section 4262 of the Employee 
Retirement Income Security Act of 1974. For 
purposes of the application of this subpara-
graph, the Secretary shall rely on the plan 
sponsor’s calculations of plan losses unless such 
calculations are clearly erroneous.’’. 
(b) EFFECTIVE DATES.— 
(1) IN GENERAL.—The amendments made by 
this section shall take effect as of the first day of 
the first plan year ending on or after February 29, 
2020, except that any election a plan makes pursu-
ant to this section that affects the plan’s funding 
standard account for the first plan year beginning 
after February 29, 2020, shall be disregarded for 
purposes of applying the provisions of section 305 of 
the Employee Retirement Income Security Act of
568 
1974 and section 432 of the Internal Revenue Code 
of 1986 to such plan year. 
(2) RESTRICTIONS ON BENEFIT INCREASES.— 
Notwithstanding paragraph (1), the restrictions on 
plan amendments increasing benefits in sections 
304(b)(8)(D) of such Act and 431(b)(8)(D) of such 
Code, as applied by the amendments made by this 
section, shall take effect on the date of enactment of 
this Act. 
SEC. 9704. SPECIAL FINANCIAL ASSISTANCE PROGRAM FOR 
FINANCIALLY TROUBLED MULTIEMPLOYER 
PLANS. 
(a) APPROPRIATION.—Section 4005 of the Employee 
Retirement Income Security Act of 1974 (29 U.S.C. 1305) 
is amended by adding at the end the following: 
‘‘(i)(1) An eighth fund shall be established for special 
financial assistance to multiemployer pension plans, as 
provided under section 4262, and to pay for necessary ad-
ministrative and operating expenses of the corporation re-
lating to such assistance. 
‘‘(2) There is appropriated from the general fund 
such amounts as are necessary for the costs of providing 
financial assistance under section 4262 and necessary ad-
ministrative and operating expenses of the corporation. 
The eighth fund established under this subsection shall be
569 
credited with amounts from time to time as the Secretary 
of the Treasury, in conjunction with the Director of the 
Pension Benefit Guaranty Corporation, determines appro-
priate, from the general fund of the Treasury, but in no 
case shall such transfers occur after September 30, 
2030.’’. 
(b) FINANCIAL ASSISTANCE AUTHORITY.—The Em-
ployee Retirement Income Security Act of 1974 is amend-
ed by inserting after section 4261 of such Act (29 U.S.C. 
1431) the following: 
‘‘SEC. 4262. SPECIAL FINANCIAL ASSISTANCE BY THE COR-
PORATION. 
‘‘(a) SPECIAL FINANCIAL ASSISTANCE.— 
‘‘(1) IN GENERAL.—The corporation shall pro-
vide special financial assistance to an eligible multi-
employer plan under this section, upon the applica-
tion of a plan sponsor of such a plan for such assist-
ance. 
‘‘(2) INAPPLICABILITY OF CERTAIN REPAYMENT 
OBLIGATION.—A plan receiving special financial as-
sistance pursuant to this section shall not be subject 
to repayment obligations with respect to such special 
financial assistance. 
‘‘(b) ELIGIBLE MULTIEMPLOYER PLANS.—
570 
‘‘(1) IN GENERAL.—For purposes of this sec-
tion, a multiemployer plan is an eligible multiem-
ployer plan if— 
‘‘(A) the plan is in critical and declining 
status 
(within 
the 
meaning 
of 
section 
305(b)(6)) in any plan year beginning in 2020 
through 2022; 
‘‘(B) a suspension of benefits has been ap-
proved with respect to the plan under section 
305(e)(9) as of the date of the enactment of 
this section; 
‘‘(C) in any plan year beginning in 2020 
through 2022, the plan is certified by the plan 
actuary to be in critical status (within the 
meaning of section 305(b)(2)), has a modified 
funded percentage of less than 40 percent, and 
has a ratio of active to inactive participants 
which is less than 2 to 3; or 
‘‘(D) the plan became insolvent for pur-
poses of section 418E of the Internal Revenue 
Code of 1986 after December 16, 2014, and 
has remained so insolvent and has not been ter-
minated as of the date of enactment of this sec-
tion.
571 
‘‘(2) MODIFIED
FUNDED
PERCENTAGE.—For 
purposes of paragraph (1)(C), the term ‘modified 
funded percentage’ means the percentage equal to a 
fraction the numerator of which is current value of 
plan assets (as defined in section 3(26) of such Act) 
and the denominator of which is current liabilities 
(as defined in section 431(c)(6)(D) of such Code and 
section 304(c)(6)(D) of such Act). 
‘‘(c) APPLICATIONS FOR SPECIAL FINANCIAL ASSIST-
ANCE.—Within 120 days of the date of enactment of this 
section, the corporation shall issue regulations or guidance 
setting forth requirements for special financial assistance 
applications under this section. In such regulations or 
guidance, the corporation shall— 
‘‘(1) limit the materials required for a special 
financial assistance application to the minimum nec-
essary to make a determination on the application; 
‘‘(2) specify effective dates for transfers of spe-
cial financial assistance following approval of an ap-
plication, based on the effective date of the sup-
porting actuarial analysis and the date on which the 
application is submitted; and 
‘‘(3) provide for an alternate application for 
special financial assistance under this section, which 
may be used by a plan that has been approved for
574 
‘‘(B) for other assumptions, use the as-
sumptions that the plan used in its most re-
cently completed certification of plan status be-
fore January 1, 2021, unless such assumptions 
are unreasonable. 
‘‘(3) INTEREST RATE.—The interest rate limit 
for purposes of this subsection is the rate specified 
in section 303(h)(2)(C)(iii) (disregarding modifica-
tions made under clause (iv) of such section) for the 
month in which the application for special financial 
assistance is filed by the eligible multiemployer plan 
or the 3 preceding months, with such specified rate 
increased by 200 basis points. 
‘‘(4) CHANGES IN ASSUMPTIONS.—If a plan de-
termines that use of one or more prior assumptions 
is unreasonable, the plan may propose in its applica-
tion to change such assumptions, provided that the 
plan discloses such changes in its application and 
describes why such assumptions are no longer rea-
sonable. The corporation shall accept such changed 
assumptions unless it determines the changes are 
unreasonable, individually or in the aggregate. The 
plan may not propose a change to the interest rate 
otherwise required under this subsection for eligi-
bility or financial assistance amount.
575 
‘‘(f) APPLICATION DEADLINE.—Any application by a 
plan for special financial assistance under this section 
shall be submitted to the corporation (and, in the case of 
a plan to which section 432(k)(1)(D) of the Internal Rev-
enue Code of 1986 applies, to the Secretary of the Treas-
ury) no later than December 31, 2025, and any revised 
application for special financial assistance shall be sub-
mitted no later than December 31, 2026. 
‘‘(g) DETERMINATIONS ON APPLICATIONS.—A plan’s 
application for special financial assistance under this sec-
tion that is timely filed in accordance with the regulations 
or guidance issued under subsection (c) shall be deemed 
approved unless the corporation notifies the plan within 
120 days of the filing of the application that the applica-
tion is incomplete, any proposed change or assumption is 
unreasonable, or the plan is not eligible under this section. 
Such notice shall specify the reasons the plan is ineligible 
for special financial assistance, any proposed change or 
assumption is unreasonable, or information is needed to 
complete the application. If a plan is denied assistance 
under this subsection, the plan may submit a revised ap-
plication under this section. Any revised application for 
special financial assistance submitted by a plan shall be 
deemed approved unless the corporation notifies the plan 
within 120 days of the filing of the revised application that
576 
the application is incomplete, any proposed change or as-
sumption is unreasonable, or the plan is not eligible under 
this section. Special financial assistance issued by the cor-
poration shall be effective on a date determined by the 
corporation, but no later than 1 year after a plan’s special 
financial assistance application is approved by the cor-
poration or deemed approved. The corporation shall not 
pay any special financial assistance after September 30, 
2030. 
‘‘(h) MANNER OF PAYMENT.—The payment made by 
the corporation to an eligible multiemployer plan under 
this section shall be made as a single, lump sum payment. 
‘‘(i) AMOUNT AND MANNER OF SPECIAL FINANCIAL 
ASSISTANCE.— 
‘‘(1) IN GENERAL.—Special financial assistance 
under this section shall be a transfer of funds in the 
amount necessary as demonstrated by the plan spon-
sor on the application for such special financial as-
sistance, in accordance with the requirements de-
scribed in subsection (j). Special financial assistance 
shall be paid to such plan as soon as practicable 
upon approval of the application by the corporation. 
‘‘(2) NO
CAP.—Special financial assistance 
granted by the corporation under this section shall 
not be capped by the guarantee under 4022A.
577 
‘‘(j) DETERMINATION OF AMOUNT OF SPECIAL FI-
NANCIAL ASSISTANCE.— 
‘‘(1) IN
GENERAL.—The amount of financial 
assistance provided to a multiemployer plan eligible 
for financial assistance under this section shall be 
such amount required for the plan to pay all benefits 
due during the period beginning on the date of pay-
ment of the special financial assistance payment 
under this section and ending on the last day of the 
plan year ending in 2051, with no reduction in a 
participant’s or beneficiary’s accrued benefit as of 
the date of enactment of this section, except to the 
extent of a reduction in accordance with section 
305(e)(8) adopted prior to the plan’s application for 
special financial assistance under this section, and 
taking into account the reinstatement of benefits re-
quired under subsection (k). 
‘‘(2) PROJECTIONS.—The funding projections 
for purposes of this section shall be performed on a 
deterministic basis. 
‘‘(k) REINSTATEMENT OF SUSPENDED BENEFITS.— 
The Secretary, in coordination with the Secretary of the 
Treasury, shall ensure that an eligible multiemployer plan 
that receives special financial assistance under this sec-
tion—
578 
‘‘(1) reinstates any benefits that were sus-
pended under section 305(e)(9) or section 4245(a) 
in accordance with guidance issued by the Secretary 
of the Treasury pursuant to section 432(k)(1)(B) of 
the Internal Revenue Code of 1986, effective as of 
the first month in which the effective date for the 
special financial assistance occurs, for participants 
and beneficiaries as of such month; and 
‘‘(2) provides payments equal to the amount of 
benefits 
previously 
suspended 
under 
section 
305(e)(9) or 4245(a) to any participants or bene-
ficiaries in pay status as of the effective date of the 
special financial assistance, payable, as determined 
by the eligible multiemployer plan— 
‘‘(A) as a lump sum within 3 months of 
such effective date; or 
‘‘(B) in equal monthly installments over a 
period of 5 years, commencing within 3 months 
of such effective date, with no adjustment for 
interest. 
‘‘(l) WITHDRAWAL LIABILITY.—An employer’s with-
drawal liability for purposes of this title shall be calculated 
without taking into account special financial assistance re-
ceived under this section until the plan year beginning 15
579 
calendar years after the effective date of the special finan-
cial assistance. 
‘‘(m) REQUIRED DISCLOSURE.—An eligible plan that 
receives special financial assistance under this section 
shall provide to the corporation, the Secretary of the 
Treasury, each employer that has an obligation to con-
tribute to such plan, and each labor organization rep-
resenting participants employed by such employer, an esti-
mate of the employer’s share of the plan’s unfunded vested 
benefits as of the end of each plan year ending after the 
date of enactment of this section, as determined after tak-
ing into account any special financial assistance received 
under this section. Such disclosure shall include a state-
ment that, due to the special financial assistance provided 
under this section, the plan will have sufficient resources 
to pay 100 percent of the plan’s benefit obligations until 
the last day of the plan year ending in 2051. 
‘‘(n) RESTRICTIONS ON THE USE OF SPECIAL FI-
NANCIAL ASSISTANCE.—Special financial assistance re-
ceived under this section and any earnings thereon may 
be used by an eligible multiemployer plan to make benefit 
payments and pay plan expenses. Special financial assist-
ance and any earnings on such assistance shall be seg-
regated from other plan assets. Special financial assist-
580 
ance shall be invested by plans in investment-grade bonds 
or other investments as permitted by the corporation. 
‘‘(o) CONDITIONS ON PLANS RECEIVING SPECIAL FI-
NANCIAL ASSISTANCE.— 
‘‘(1) IN
GENERAL.—The corporation, in con-
sultation with the Secretary of the Treasury, may 
impose, by regulation, reasonable conditions on an 
eligible multiemployer plan that receives special fi-
nancial assistance relating to increases in future ac-
crual rates and any retroactive benefit improve-
ments, allocation of plan assets, reductions in em-
ployer contribution rates, diversion of contributions 
to, and allocation of expenses to, other benefit plans, 
and withdrawal liability. 
‘‘(2) LIMITATION.—The corporation shall not 
impose conditions on an eligible multiemployer plan 
as a condition of, or following receipt of, special fi-
nancial assistance under this section relating to— 
‘‘(A) any prospective reduction in plan 
benefits (including benefits that may be ad-
justed pursuant to section 305(e)(8)); 
‘‘(B) plan governance, including selection 
of, removal of, and terms of contracts with, 
trustees, actuaries, investment managers, and 
other service providers; or
581 
‘‘(C) any funding rules relating to the plan 
receiving special financial assistance under this 
section. 
‘‘(3) PAYMENT
OF
PREMIUMS.—An eligible 
multiemployer plan receiving special financial assist-
ance under this section shall continue to pay all pre-
miums due under section 4007 for participants and 
beneficiaries in the plan. 
‘‘(4) ASSISTANCE NOT CONSIDERED FOR CER-
TAIN
PURPOSES.—An eligible multiemployer plan 
that receives special financial assistance shall be 
deemed to be in critical status within the meaning 
of section 305(b)(2) until the last plan year ending 
in 2051. 
‘‘(5) INSOLVENT PLANS.—An eligible multiem-
ployer plan receiving special financial assistance 
under this section that subsequently becomes insol-
vent will be subject to the current rules and guar-
antee for insolvent plans. 
‘‘(6) INELIGIBILITY FOR OTHER ASSISTANCE.— 
An eligible multiemployer plan that receives special 
financial assistance under this section is not eligible 
to apply for a new suspension of benefits under sec-
tion 305(e)(9)(G).
583 
ensure the amount of assistance is sufficient to 
meet such requirement and is sufficient to pay 
benefits as required in subsection (j)(1). 
‘‘(2) In the case of any plan which proposes in 
its application to change the assumptions used, as 
provided in subsection (e)(4), the corporation shall 
consult with the Secretary of the Treasury regarding 
such proposed change in assumptions. 
‘‘(3) If the corporation specifies in regulations 
or guidance that temporary priority consideration is 
available for plans which are insolvent within the 
meaning of section 418E of the Internal Revenue 
Code of 1986 or likely to become so insolvent or for 
plans which have suspended benefits under section 
305(e)(9), or that availability is otherwise based on 
the funded status of the plan under section 305, as 
permitted by subsection (d), the corporation shall 
consult with the Secretary of the Treasury regarding 
any granting of priority consideration to such 
plans.’’. 
(c) PREMIUM RATE INCREASE.—Section 4006(a)(3) 
of the Employee Retirement Income Security Act of 1974 
(29 U.S.C. 1306(a)(3)) is amended— 
(1) in subparagraph (A)— 
(A) in clause (vi)—
584 
(i) by inserting ‘‘, and before January 
1, 2031’’ after ‘‘December 31, 2014,’’; and 
(ii) by striking ‘‘or’’ at the end; 
(B) in clause (vii)— 
(i) by moving the margin 2 ems to the 
left; and 
(ii) in subclause (II), by striking the 
period and inserting ‘‘, or’’; and 
(C) by adding at the end the following: 
‘‘(viii) in the case of a multiemployer plan, for 
plan years beginning after December 31, 2030, $52 
for each individual who is a participant in such plan 
during the applicable plan year.’’; and 
(2) by adding at the end the following: 
‘‘(N) For each plan year beginning in a calendar year 
after 2031, there shall be substituted for the dollar 
amount specified in clause (viii) of subparagraph (A) an 
amount equal to the greater of— 
‘‘(i) the product derived by multiplying such 
dollar amount by the ratio of— 
‘‘(I) the national average wage index (as 
defined in section 209(k)(1) of the Social Secu-
rity Act) for the first of the 2 calendar years 
preceding the calendar year in which such plan 
year begins, to
585 
‘‘(II) the national average wage index (as 
so defined) for 2029; and 
‘‘(ii) such dollar amount for plan years begin-
ning in the preceding calendar year. 
If the amount determined under this subparagraph 
is not a multiple of $1, such product shall be round-
ed to the nearest multiple of $1.’’. 
(d) AMENDMENTS TO INTERNAL REVENUE CODE OF 
1986.— 
(1) IN GENERAL.—Section 432(a) of the Inter-
nal Revenue Code of 1986 is amended— 
(A) by striking ‘‘and’’ at the end of para-
graph (2)(B), 
(B) by striking the period at the end of 
paragraph (3)(B) and inserting ‘‘, and’’, and 
(C) by adding at the end the following new 
paragraph: 
‘‘(4) if the plan is an eligible multiemployer 
plan which is applying for or receiving special finan-
cial assistance under section 4262 of the Employee 
Retirement Income Security Act of 1974, the re-
quirements of subsection (k) shall apply to the 
plan.’’. 
(2) PLANS RECEIVING SPECIAL FINANCIAL AS-
SISTANCE
TO
BE
IN
CRITICAL
STATUS.—Section
586 
432(b) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new 
paragraph: 
‘‘(7) PLANS RECEIVING SPECIAL FINANCIAL AS-
SISTANCE.—If an eligible multiemployer plan receiv-
ing special financial assistance under section 4262 of 
the Employee Retirement Income Security Act of 
1974 meets the requirements of subsection (k)(2), 
notwithstanding the preceding paragraphs of this 
subsection, the plan shall be deemed to be in critical 
status for plan years beginning with the plan year 
in which the effective date for such assistance occurs 
and ending with the last plan year ending in 2051.’’. 
(3) RULES RELATING TO ELIGIBLE MULTIEM-
PLOYER PLANS.—Section 432 of the Internal Rev-
enue Code of 1986 is amended by adding at the end 
the following new subsection: 
‘‘(k) RULES RELATING
TO ELIGIBLE MULTIEM-
PLOYER PLANS.— 
‘‘(1) PLANS APPLYING FOR SPECIAL FINANCIAL 
ASSISTANCE.—In the case of an eligible multiem-
ployer plan which applies for special financial assist-
ance under section 4262 of such Act— 
‘‘(A) IN GENERAL.—Such application shall 
be submitted in accordance with the require-
587 
ments of such section, including any guidance 
issued thereunder by the Pension Benefit Guar-
anty Corporation. 
‘‘(B) REINSTATEMENT
OF
SUSPENDED 
BENEFITS.—In the case of a plan for which a 
suspension of benefits has been approved under 
subsection (e)(9), the application shall describe 
the manner in which suspended benefits will be 
reinstated in accordance with paragraph (2)(A) 
and guidance issued by the Secretary if the 
plan receives special financial assistance. 
‘‘(C) AMOUNT
OF
FINANCIAL
ASSIST-
ANCE.— 
‘‘(i) IN
GENERAL.—In determining 
the amount of special financial assistance 
to be specified in its application, an eligible 
multiemployer plan shall— 
‘‘(I) use the interest rate used by 
the plan in its most recently com-
pleted certification of plan status be-
fore January 1, 2021, provided that 
such interest rate does not exceed the 
interest rate limit, and 
‘‘(II) for other assumptions, use 
the assumptions that the plan used in
588 
its most recently completed certifi-
cation of plan status before January 
1, 2021, unless such assumptions are 
unreasonable. 
‘‘(ii) INTEREST RATE.—For purposes 
of clause (i), the interest rate limit is the 
rate specified in section 430(h)(2)(C)(iii) 
(disregarding modifications made under 
clause (iv) of such section) for the month 
in which the application for special finan-
cial assistance is filed by the eligible multi-
employer plan or the 3 preceding months, 
with such specified rate increased by 200 
basis points. 
‘‘(iii) CHANGES IN ASSUMPTIONS.—If 
a plan determines that use of one or more 
prior assumptions is unreasonable, the 
plan may propose in its application to 
change such assumptions, provided that 
the plan discloses such changes in its ap-
plication and describes why such assump-
tions are no longer reasonable. The plan 
may not propose a change to the interest 
rate otherwise required under this sub-
589 
section for eligibility or financial assistance 
amount. 
‘‘(D) PLANS APPLYING FOR PRIORITY CON-
SIDERATION.—In the case of a plan applying 
for special financial assistance under rules pro-
viding for temporary priority consideration, as 
provided in paragraph (4)(C), such plan’s appli-
cation shall be submitted to the Secretary in 
addition to the Pension Benefit Guaranty Cor-
poration. 
‘‘(2) PLANS RECEIVING SPECIAL FINANCIAL AS-
SISTANCE.—In the case of an eligible multiemployer 
plan receiving special financial assistance under sec-
tion 4262 of the Employee Retirement Income Secu-
rity Act of 1974— 
‘‘(A) REINSTATEMENT
OF
SUSPENDED 
BENEFITS.—The plan shall— 
‘‘(i) reinstate any benefits that were 
suspended under subsection (e)(9) or sec-
tion 4245(a) of the Employee Retirement 
Income Security Act of 1974, effective as 
of the first month in which the effective 
date for the special financial assistance oc-
curs, for participants and beneficiaries as 
of such month, and
590 
‘‘(ii) provide payments equal to the 
amount of benefits previously suspended to 
any participants or beneficiaries in pay 
status as of the effective date of the special 
financial assistance, payable, as determined 
by the plan— 
‘‘(I) as a lump sum within 3 
months of such effective date; or 
‘‘(II) in equal monthly install-
ments over a period of 5 years, com-
mencing within 3 months of such ef-
fective date, with no adjustment for 
interest. 
‘‘(B) RESTRICTIONS ON THE USE OF SPE-
CIAL FINANCIAL ASSISTANCE.—Special financial 
assistance received by the plan may be used to 
make benefit payments and pay plan expenses. 
Such assistance shall be segregated from other 
plan assets, and shall be invested by the plan 
in investment-grade bonds or other investments 
as permitted by regulations or other guidance 
issued by the Pension Benefit Guaranty Cor-
poration. 
‘‘(C) CONDITIONS
ON
PLANS
RECEIVING 
SPECIAL FINANCIAL ASSISTANCE.—
591 
‘‘(i) IN GENERAL.—The Pension Ben-
efit Guaranty Corporation, in consultation 
with the Secretary, may impose, by regula-
tion, reasonable conditions on an eligible 
multiemployer plan receiving special finan-
cial assistance relating to increases in fu-
ture accrual rates and any retroactive ben-
efit improvements, allocation of plan as-
sets, reductions in employer contribution 
rates, diversion of contributions and alloca-
tion of expenses to other benefit plans, and 
withdrawal liability. 
‘‘(ii) LIMITATION.—The Pension Ben-
efit Guaranty Corporation shall not impose 
conditions on an eligible multiemployer 
plan as a condition of, or following receipt 
of, special financial assistance relating 
to— 
‘‘(I) any prospective reduction in 
plan benefits (including benefits that 
may be adjusted pursuant to sub-
section (e)(8)), 
‘‘(II) plan governance, including 
selection of, removal of, and terms of 
contracts with, trustees, actuaries, in-
592 
vestment managers, and other service 
providers, or 
‘‘(III) any funding rules relating 
to the plan. 
‘‘(D) ASSISTANCE DISREGARDED FOR CER-
TAIN PURPOSES.— 
‘‘(i) FUNDING
STANDARDS.—Special 
financial assistance received by the plan 
shall not be taken into account for deter-
mining contributions required under sec-
tion 431. 
‘‘(ii) INSOLVENT PLANS.—If the plan 
becomes insolvent within the meaning of 
section 418E after receiving special finan-
cial assistance, the plan shall be subject to 
all rules applicable to insolvent plans. 
‘‘(E) INELIGIBILITY FOR SUSPENSION OF 
BENEFITS.—The plan shall not be eligible to 
apply for a new suspension of benefits under 
subsection (e)(9)(G). 
‘‘(3) ELIGIBLE MULTIEMPLOYER PLAN.— 
‘‘(A) IN GENERAL.—For purposes of this 
section, a multiemployer plan is an eligible mul-
tiemployer plan if—
593 
‘‘(i) the plan is in critical and declin-
ing status in any plan year beginning in 
2020 through 2022, 
‘‘(ii) a suspension of benefits has been 
approved with respect to the plan under 
subsection (e)(9) as of the date of the en-
actment of this subsection; 
‘‘(iii) in any plan year beginning in 
2020 through 2022, the plan is certified by 
the plan actuary to be in critical status, 
has a modified funded percentage of less 
than 40 percent, and has a ratio of active 
to inactive participants which is less than 
2 to 3, or 
‘‘(iv) the plan became insolvent within 
the meaning of section 418E after Decem-
ber 16, 2014, and has remained so insol-
vent and has not been terminated as of the 
date of enactment of this subsection. 
‘‘(B) MODIFIED FUNDED PERCENTAGE.— 
For purposes of subparagraph (A)(iii), the term 
‘modified funded percentage’ means the per-
centage equal to a fraction the numerator of 
which is current value of plan assets (as defined 
in section 3(26) of the Employee Retirement
594 
Income Security Act of 1974) and the denomi-
nator of which is current liabilities (as defined 
in section 431(c)(6)(D)). 
‘‘(4) COORDINATION WITH PENSION BENEFIT 
GUARANTY CORPORATION.—In prescribing the appli-
cation process for eligible multiemployer plans to re-
ceive special financial assistance under section 4262 
of the Employee Retirement Income Security Act of 
1974 and reviewing applications of such plans, the 
Pension Benefit Guaranty Corporation shall coordi-
nate with the Secretary in the following manner: 
‘‘(A) In the case of a plan which has sus-
pended benefits under subsection (e)(9)— 
‘‘(i) in determining whether to ap-
prove the application, such corporation 
shall consult with the Secretary regarding 
the plan’s proposed method of reinstating 
benefits, as described in the plan’s applica-
tion and in accordance with guidance 
issued by the Secretary, and 
‘‘(ii) such corporation shall consult 
with the Secretary regarding the amount 
of special financial assistance needed based 
on the projected funded status of the plan 
as of the last day of the plan year ending
595 
in 2051, whether the plan proposes to 
repay benefits over 5 years or as a lump 
sum, as required by paragraph (2)(A)(ii), 
and any other relevant factors, as deter-
mined by such corporation in consultation 
with the Secretary, to ensure the amount 
of assistance is sufficient to meet such re-
quirement and is sufficient to pay benefits 
as required in section 4262(j)(1) of such 
Act. 
‘‘(B) In the case of any plan which pro-
poses in its application to change the assump-
tions used, as provided in paragraph (1)(C)(iii), 
such corporation shall consult with the Sec-
retary regarding such proposed change in as-
sumptions. 
‘‘(C) If such corporation specifies in regu-
lations or guidance that temporary priority con-
sideration is available for plans which are insol-
vent within the meaning of section 418E or 
likely to become so insolvent or for plans which 
have suspended benefits under subsection 
(e)(9), or that availability is otherwise based on 
the funded status of the plan under this sec-
tion, as permitted by section 4262(d) of such
596 
Act, such corporation shall consult with the 
Secretary regarding any granting of priority 
consideration to such plans.’’. 
SEC. 9705. EXTENDED AMORTIZATION FOR SINGLE EM-
PLOYER PLANS. 
(a) 15-YEAR AMORTIZATION UNDER THE INTERNAL 
REVENUE CODE OF 1986.—Section 430(c) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new paragraph: 
‘‘(8) 15-YEAR AMORTIZATION.—With respect to 
plan years beginning after December 31, 2019 (or, 
at the election of the plan sponsor, after December 
31, 2018)— 
‘‘(A) the shortfall amortization bases for 
all plan years preceding the first plan year be-
ginning after December 31, 2019 (or after De-
cember 31, 2018, whichever is elected), and all 
shortfall amortization installments determined 
with respect to such bases, shall be reduced to 
zero, and 
‘‘(B) subparagraphs (A) and (B) of para-
graph (2) shall each be applied by substituting 
‘15-plan-year period’ for ‘7-plan-year period’.’’. 
(b) 15-YEAR AMORTIZATION UNDER THE EMPLOYEE 
RETIREMENT INCOME SECURITY ACT OF 1974.—Section
597 
303(c) of the Employee Retirement Income Security Act 
of 1974 (29 U.S.C. 1083(c)) is amended by adding at the 
end the following new paragraph: 
‘‘(8) 15-YEAR AMORTIZATION.—With respect to 
plan years beginning after December 31, 2019 (or, 
at the election of the plan sponsor, after December 
31, 2018)— 
‘‘(A) the shortfall amortization bases for 
all plan years preceding the first plan year be-
ginning after December 31, 2019 (or after De-
cember 31, 2018, whichever is elected), and all 
shortfall amortization installments determined 
with respect to such bases, shall be reduced to 
zero, and 
‘‘(B) subparagraphs (A) and (B) of para-
graph (2) shall each be applied by substituting 
‘15-plan-year period’ for ‘7-plan-year period’.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years beginning after De-
cember 31, 2018. 
SEC. 9706. EXTENSION OF PENSION FUNDING STABILIZA-
TION PERCENTAGES FOR SINGLE EMPLOYER 
PLANS. 
(a) AMENDMENT TO INTERNAL REVENUE CODE OF 
1986.—
598 
(1) IN GENERAL.—The table contained in sub-
clause (II) of section 430(h)(2)(C)(iv) of the Inter-
nal Revenue Code of 1986 is amended to read as fol-
lows: 
‘‘If the calendar year is: 
The applica-
ble min-
imum per-
centage is: 
The applica-
ble max-
imum per-
centage is: 
Any year in the period starting in 2012 and end-
ing in 2019 .........................................................
90% 
110%
Any year in the period starting in 2020 and end-
ing in 2025 .........................................................
95% 
105%
2026 ........................................................................
90% 
110%
2027 ........................................................................
85% 
115%
2028 ........................................................................
80% 
120%
2029 ........................................................................
75% 
125%
After 2029 ..............................................................
70% 
130%.’’. 
(2) FLOOR ON 25-YEAR AVERAGES.—Subclause 
(I) of section 430(h)(2)(C)(iv) of such Code is 
amended by adding at the end the following: ‘‘Not-
withstanding anything in this subclause, if the aver-
age of the first, second, or third segment rate for 
any 25-year period is less than 5 percent, such aver-
age shall be deemed to be 5 percent.’’. 
(b) AMENDMENTS TO EMPLOYEE RETIREMENT IN-
COME SECURITY ACT OF 1974.— 
(1) IN GENERAL.—The table contained in sub-
clause (II) of section 303(h)(2)(C)(iv) of the Em-
ployee Retirement Income Security Act of 1974 (29 
U.S.C. 1083(h)(2)(C)(iv)(II)) is amended to read as 
follows:
599 
‘‘If the calendar year is: 
The applica-
ble min-
imum per-
centage is: 
The applica-
ble max-
imum per-
centage is: 
Any year in the period starting in 2012 and end-
ing in 2019 .........................................................
90% 
110%
Any year in the period starting in 2020 and end-
ing in 2025 .........................................................
95% 
105%
2026 ........................................................................
90% 
110%
2027 ........................................................................
85% 
115%
2028 ........................................................................
80% 
120%
2029 ........................................................................
75% 
125%
After 2029 ..............................................................
70% 
130%.’’. 
(2) FLOOR ON 25-YEAR AVERAGES.—Subclause 
(I) of section 303(h)(2)(C)(iv) of such Act (29 
U.S.C. 1083(h)(2)(C)(iv)(I)) is amended by adding 
at the end the following: ‘‘Notwithstanding anything 
in this subclause, if the average of the first, second, 
or third segment rate for any 25-year period is less 
than 5 percent, such average shall be deemed to be 
5 percent.’’. 
(3) CONFORMING AMENDMENTS.— 
(A) IN GENERAL.—Section 101(f)(2)(D) of 
such Act (29 U.S.C. 1021(f)(2)(D)) is amend-
ed— 
(i) in clause (i) by striking ‘‘and the 
Bipartisan Budget Act of 2015’’ both 
places it appears and inserting ‘‘, the Bi-
partisan Budget Act of 2015, and the 
American Rescue Plan Act of 2021’’, and
600 
(ii) in clause (ii) by striking ‘‘2023’’ 
and inserting ‘‘2029’’. 
(B) 
STATEMENTS.—The 
Secretary 
of 
Labor shall modify the statements required 
under subclauses (I) and (II) of section 
101(f)(2)(D)(i) of such Act to conform to the 
amendments made by this section. 
(c) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
this section shall apply with respect to plan years be-
ginning after December 31, 2019. 
(2) ELECTION NOT TO APPLY.—A plan sponsor 
may elect not to have the amendments made by this 
section apply to any plan year beginning before Jan-
uary 1, 2021, either (as specified in the election)— 
(A) for all purposes for which such amend-
ments apply, or 
(B) solely for purposes of determining the 
adjusted funding target attainment percentage 
under sections 436 of the Internal Revenue 
Code of 1986 and 206(g) of the Employee Re-
tirement Income Security Act of 1974 for such 
plan year. 
A plan shall not be treated as failing to meet the re-
quirements of sections 204(g) of such Act and
601 
411(d)(6) of such Code solely by reason of an elec-
tion under this paragraph. 
SEC. 9707. MODIFICATION OF SPECIAL RULES FOR MIN-
IMUM FUNDING STANDARDS FOR COMMU-
NITY NEWSPAPER PLANS. 
(a) AMENDMENT TO INTERNAL REVENUE CODE OF 
1986.—Subsection (m) of section 430 of the Internal Rev-
enue Code of 1986 is amended to read as follows: 
‘‘(m) SPECIAL RULES FOR COMMUNITY NEWSPAPER 
PLANS.— 
‘‘(1) IN GENERAL.—An eligible newspaper plan 
sponsor of a plan under which no participant has 
had the participant’s accrued benefit increased 
(whether because of service or compensation) after 
April 2, 2019, may elect to have the alternative 
standards described in paragraph (4) apply to such 
plan. 
‘‘(2) ELIGIBLE NEWSPAPER PLAN SPONSOR.— 
The term ‘eligible newspaper plan sponsor’ means 
the plan sponsor of— 
‘‘(A) any community newspaper plan, or 
‘‘(B) any other plan sponsored, as of April 
2, 2019, by a member of the same controlled 
group of a plan sponsor of a community news-
602 
paper plan if such member is in the trade or 
business of publishing 1 or more newspapers. 
‘‘(3) ELECTION.—An election under paragraph 
(1) shall be made at such time and in such manner 
as prescribed by the Secretary. Such election, once 
made with respect to a plan year, shall apply to all 
subsequent plan years unless revoked with the con-
sent of the Secretary. 
‘‘(4) ALTERNATIVE MINIMUM FUNDING STAND-
ARDS.—The alternative standards described in this 
paragraph are the following: 
‘‘(A) INTEREST RATES.— 
‘‘(i) IN
GENERAL.—Notwithstanding 
subsection (h)(2)(C) and except as pro-
vided in clause (ii), the first, second, and 
third segment rates in effect for any 
month for purposes of this section shall be 
8 percent. 
‘‘(ii) NEW BENEFIT ACCRUALS.—Not-
withstanding subsection (h)(2), for pur-
poses of determining the funding target 
and normal cost of a plan for any plan 
year, the present value of any benefits ac-
crued or earned under the plan for a plan 
year with respect to which an election
603 
under paragraph (1) is in effect shall be 
determined on the basis of the United 
States Treasury obligation yield curve for 
the day that is the valuation date of such 
plan for such plan year. 
‘‘(iii) UNITED STATES TREASURY OB-
LIGATION YIELD CURVE.—For purposes of 
this subsection, the term ‘United States 
Treasury obligation yield curve’ means, 
with respect to any day, a yield curve 
which shall be prescribed by the Secretary 
for such day on interest-bearing obligations 
of the United States. 
‘‘(B) SHORTFALL AMORTIZATION BASE.— 
‘‘(i) PREVIOUS SHORTFALL AMORTIZA-
TION
BASES.—The shortfall amortization 
bases determined under subsection (c)(3) 
for all plan years preceding the first plan 
year to which the election under paragraph 
(1) applies (and all shortfall amortization 
installments determined with respect to 
such bases) shall be reduced to zero under 
rules similar to the rules of subsection 
(c)(6).
604 
‘‘(ii) NEW SHORTFALL AMORTIZATION 
BASE.—Notwithstanding subsection (c)(3), 
the shortfall amortization base for the first 
plan year to which the election under para-
graph (1) applies shall be the funding 
shortfall of such plan for such plan year 
(determined using the interest rates as 
modified under subparagraph (A)). 
‘‘(C) DETERMINATION OF SHORTFALL AM-
ORTIZATION INSTALLMENTS.— 
‘‘(i) 
30-YEAR
PERIOD.—Subpara-
graphs (A) and (B) of subsection (c)(2) 
shall be applied by substituting ‘30-plan- 
year’ for ‘7-plan-year’ each place it ap-
pears. 
‘‘(ii) NO
SPECIAL
ELECTION.—The 
election under subparagraph (D) of sub-
section (c)(2) shall not apply to any plan 
year to which the election under paragraph 
(1) applies. 
‘‘(D) EXEMPTION FROM AT-RISK TREAT-
MENT.—Subsection (i) shall not apply. 
‘‘(5) COMMUNITY NEWSPAPER PLAN.—For pur-
poses of this subsection—
605 
‘‘(A) IN GENERAL.—The term ‘community 
newspaper plan’ means any plan to which this 
section applies maintained as of December 31, 
2018, by an employer which— 
‘‘(i) maintains the plan on behalf of 
participants and beneficiaries with respect 
to employment in the trade or business of 
publishing 1 or more newspapers which 
were published by the employer at any 
time during the 11-year period ending on 
December 20, 2019, 
‘‘(ii)(I) is not a company the stock of 
which is publicly traded (on a stock ex-
change or in an over-the-counter market), 
and is not controlled, directly or indirectly, 
by such a company, or 
‘‘(II) is controlled, directly or indi-
rectly, during the entire 30-year period 
ending on December 20, 2019, by individ-
uals who are members of the same family, 
and does not publish or distribute a daily 
newspaper that is carrier-distributed in 
printed form in more than 5 States, and 
‘‘(iii) is controlled, directly or indi-
rectly—
606 
‘‘(I) by 1 or more persons resid-
ing primarily in a State in which the 
community newspaper has been pub-
lished on newsprint or carrier-distrib-
uted, 
‘‘(II) during the entire 30-year 
period ending on December 20, 2019, 
by individuals who are members of the 
same family, 
‘‘(III) by 1 or more trusts, the 
sole trustees of which are persons de-
scribed in subclause (I) or (II), or 
‘‘(IV) by a combination of per-
sons described in subclause (I), (II), 
or (III). 
‘‘(B) NEWSPAPER.—The term ‘newspaper’ 
does not include any newspaper (determined 
without regard to this subparagraph) to which 
any of the following apply: 
‘‘(i) Is not in general circulation. 
‘‘(ii) Is published (on newsprint or 
electronically) less frequently than 3 times 
per week. 
‘‘(iii) Has not ever been regularly 
published on newsprint.
607 
‘‘(iv) Does not have a bona fide list of 
paid subscribers. 
‘‘(C) CONTROL.—A person shall be treated 
as controlled by another person if such other 
person possesses, directly or indirectly, the 
power to direct or cause the direction and man-
agement of such person (including the power to 
elect a majority of the members of the board of 
directors of such person) through the ownership 
of voting securities. 
‘‘(6) CONTROLLED
GROUP.—For purposes of 
this subsection, the term ‘controlled group’ means all 
persons treated as a single employer under sub-
section (b), (c), (m), or (o) of section 414 as of De-
cember 20, 2019.’’. 
(b) AMENDMENT TO EMPLOYEE RETIREMENT IN-
COME SECURITY ACT OF 1974.—Subsection (m) of section 
303 of the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1083(m)) is amended to read as follows: 
‘‘(m) SPECIAL RULES FOR COMMUNITY NEWSPAPER 
PLANS.— 
‘‘(1) IN GENERAL.—An eligible newspaper plan 
sponsor of a plan under which no participant has 
had the participant’s accrued benefit increased 
(whether because of service or compensation) after
608 
April 2, 2019, may elect to have the alternative 
standards described in paragraph (4) apply to such 
plan. 
‘‘(2) ELIGIBLE NEWSPAPER PLAN SPONSOR.— 
The term ‘eligible newspaper plan sponsor’ means 
the plan sponsor of— 
‘‘(A) any community newspaper plan, or 
‘‘(B) any other plan sponsored, as of April 
2, 2019, by a member of the same controlled 
group of a plan sponsor of a community news-
paper plan if such member is in the trade or 
business of publishing 1 or more newspapers. 
‘‘(3) ELECTION.—An election under paragraph 
(1) shall be made at such time and in such manner 
as prescribed by the Secretary of the Treasury. Such 
election, once made with respect to a plan year, shall 
apply to all subsequent plan years unless revoked 
with the consent of the Secretary of the Treasury. 
‘‘(4) ALTERNATIVE MINIMUM FUNDING STAND-
ARDS.—The alternative standards described in this 
paragraph are the following: 
‘‘(A) INTEREST RATES.— 
‘‘(i) IN
GENERAL.—Notwithstanding 
subsection (h)(2)(C) and except as pro-
vided in clause (ii), the first, second, and
609 
third segment rates in effect for any 
month for purposes of this section shall be 
8 percent. 
‘‘(ii) NEW BENEFIT ACCRUALS.—Not-
withstanding subsection (h)(2), for pur-
poses of determining the funding target 
and normal cost of a plan for any plan 
year, the present value of any benefits ac-
crued or earned under the plan for a plan 
year with respect to which an election 
under paragraph (1) is in effect shall be 
determined on the basis of the United 
States Treasury obligation yield curve for 
the day that is the valuation date of such 
plan for such plan year. 
‘‘(iii) UNITED STATES TREASURY OB-
LIGATION YIELD CURVE.—For purposes of 
this subsection, the term ‘United States 
Treasury obligation yield curve’ means, 
with respect to any day, a yield curve 
which shall be prescribed by the Secretary 
of the Treasury for such day on interest- 
bearing obligations of the United States. 
‘‘(B) SHORTFALL AMORTIZATION BASE.—
610 
‘‘(i) PREVIOUS SHORTFALL AMORTIZA-
TION
BASES.—The shortfall amortization 
bases determined under subsection (c)(3) 
for all plan years preceding the first plan 
year to which the election under paragraph 
(1) applies (and all shortfall amortization 
installments determined with respect to 
such bases) shall be reduced to zero under 
rules similar to the rules of subsection 
(c)(6). 
‘‘(ii) NEW SHORTFALL AMORTIZATION 
BASE.—Notwithstanding subsection (c)(3), 
the shortfall amortization base for the first 
plan year to which the election under para-
graph (1) applies shall be the funding 
shortfall of such plan for such plan year 
(determined using the interest rates as 
modified under subparagraph (A)). 
‘‘(C) DETERMINATION OF SHORTFALL AM-
ORTIZATION INSTALLMENTS.— 
‘‘(i) 
30-YEAR
PERIOD.—Subpara-
graphs (A) and (B) of subsection (c)(2) 
shall be applied by substituting ‘30-plan- 
year’ for ‘7-plan-year’ each place it ap-
pears.
611 
‘‘(ii) NO
SPECIAL
ELECTION.—The 
election under subparagraph (D) of sub-
section (c)(2) shall not apply to any plan 
year to which the election under paragraph 
(1) applies. 
‘‘(D) EXEMPTION FROM AT-RISK TREAT-
MENT.—Subsection (i) shall not apply. 
‘‘(5) COMMUNITY NEWSPAPER PLAN.—For pur-
poses of this subsection— 
‘‘(A) IN GENERAL.—The term ‘community 
newspaper plan’ means a plan to which this sec-
tion applies maintained as of December 31, 
2018, by an employer which— 
‘‘(i) maintains the plan on behalf of 
participants and beneficiaries with respect 
to employment in the trade or business of 
publishing 1 or more newspapers which 
were published by the employer at any 
time during the 11-year period ending on 
December 20, 2019, 
‘‘(ii)(I) is not a company the stock of 
which is publicly traded (on a stock ex-
change or in an over-the-counter market), 
and is not controlled, directly or indirectly, 
by such a company, or
612 
‘‘(II) is controlled, directly, or indi-
rectly, during the entire 30-year period 
ending on December 20, 2019, by individ-
uals who are members of the same family, 
and does not publish or distribute a daily 
newspaper that is carrier-distributed in 
printed form in more than 5 States, and 
‘‘(iii) is controlled, directly, or indi-
rectly— 
‘‘(I) by 1 or more persons resid-
ing primarily in a State in which the 
community newspaper has been pub-
lished on newsprint or carrier-distrib-
uted, 
‘‘(II) during the entire 30-year 
period ending on December 20, 2019, 
by individuals who are members of the 
same family, 
‘‘(III) by 1 or more trusts, the 
sole trustees of which are persons de-
scribed in subclause (I) or (II), or 
‘‘(IV) by a combination of per-
sons described in subclause (I), (II), 
or (III).
613 
‘‘(B) NEWSPAPER.—The term ‘newspaper’ 
does not include any newspaper (determined 
without regard to this subparagraph) to which 
any of the following apply: 
‘‘(i) Is not in general circulation. 
‘‘(ii) Is published (on newsprint or 
electronically) less frequently than 3 times 
per week. 
‘‘(iii) Has not ever been regularly 
published on newsprint. 
‘‘(iv) Does not have a bona fide list of 
paid subscribers. 
‘‘(C) CONTROL.—A person shall be treated 
as controlled by another person if such other 
person possesses, directly or indirectly, the 
power to direct or cause the direction and man-
agement of such person (including the power to 
elect a majority of the members of the board of 
directors of such person) through the ownership 
of voting securities. 
‘‘(6) CONTROLLED
GROUP.—For purposes of 
this subsection, the term ‘controlled group’ means all 
persons treated as a single employer under sub-
section (b), (c), (m), or (o) of section 414 of the In-
614 
ternal Revenue Code of 1986 as of December 20, 
2019. 
‘‘(7) EFFECT
ON
PREMIUM
RATE
CALCULA-
TION.—In the case of a plan for which an election 
is made to apply the alternative standards described 
in paragraph (3), the additional premium under sec-
tion 4006(a)(3)(E) shall be determined as if such 
election had not been made.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years ending after Decem-
ber 31, 2017. 
SEC. 9708. COST OF LIVING ADJUSTMENT FREEZE. 
(a) IN GENERAL.—Subsection (d) of section 415 of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new paragraph: 
‘‘(5) FREEZE
ON
COST
OF
LIVING
ADJUST-
MENTS.— 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraph (B), in the case of calendar years 
beginning after December 31, 2030— 
‘‘(i) no adjustment shall be made 
under paragraph (1), and 
‘‘(ii) the dollar amounts as adjusted 
under such paragraph for calendar year 
2030 shall apply.
615 
‘‘(B) 
EXCEPTION.—Subparagraph 
(A) 
shall not apply in the case of a plan maintained 
pursuant to 1 or more collective bargaining 
agreements.’’. 
(b) COMPENSATION LIMIT.—Paragraph (17) of sec-
tion 401(a) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subpara-
graph: 
‘‘(C) FREEZE ON COST OF LIVING ADJUST-
MENTS.— 
‘‘(i) IN
GENERAL.—Except as pro-
vided in clause (ii), in the case of calendar 
years 
beginning 
after 
December 
31, 
2030— 
‘‘(I) no adjustment shall be made 
under subparagraph (B), and 
‘‘(II) the dollar amount as ad-
justed under such subparagraph for 
calendar year 2030 shall apply. 
‘‘(ii) EXCEPTION.—Clause (i) shall 
not apply in the case of a plan maintained 
pursuant to 1 or more collective bargaining 
agreements.’’. 
(c) CONFORMING AMENDMENTS.—
616 
(1) Section 45A(c)(3) of the Internal Revenue 
Code of 1986 is amended by striking ‘‘415(d)’’ and 
inserting ‘‘415(d) (without regard to paragraph (5) 
thereof)’’. 
(2) Section 402(g)(4) of such Code is amended 
by striking ‘‘415(d)’’ and inserting ‘‘415(d) (without 
regard to paragraph (5) thereof)’’. 
(3) Section 408(p)(2)(E)(ii) of such Code is 
amended by striking ‘‘415(d)’’ and inserting ‘‘415(d) 
(without regard to paragraph (5) thereof)’’. 
(4) Section 409(o)(2) of such Code is amended 
by striking ‘‘415(d)’’ and inserting ‘‘415(d) (without 
regard to paragraph (5) thereof)’’. 
(5) Section 416(i)(1)(A) of such Code is 
amended by striking ‘‘415(d)’’ and inserting ‘‘415(d) 
(without regard to paragraph (5) thereof)’’. 
(6) Section 457(e)(11)(B)(iii) of such Code is 
amended by striking ‘‘415(d)’’ and inserting ‘‘415(d) 
(without regard to paragraph (5) thereof)’’. 
(7) Section 457(e)(15)(B) of such Code is 
amended by striking ‘‘415(d)’’ and inserting ‘‘415(d) 
(without regard to paragraph (5) thereof)’’. 
(8) Section 664(g)(7)(B) of such Code is 
amended by striking ‘‘415(d)’’ and inserting ‘‘415(d) 
(without regard to paragraph (5) thereof)’’.
617 
Subtitle I—Child Care for Workers 
SEC. 9801. CHILD CARE ASSISTANCE. 
(a) APPROPRIATION.— 
(1) IN GENERAL.—Section 418(a)(3) of the So-
cial Security Act (42 U.S.C. 618(a)(3)) is amended 
to read as follows: 
‘‘(3) APPROPRIATION.—For grants under this 
section, there are appropriated $3,550,000,000 for 
each fiscal year, of which— 
‘‘(A) $3,375,000,000 shall be available for 
grants to States; 
‘‘(B) $100,000,000 shall be available for 
grants to Indian tribes and tribal organizations; 
and 
‘‘(C) $75,000,000 shall be available for 
grants to territories.’’. 
(2) 
CONFORMING
AMENDMENT.—Section 
418(a)(2)(A) of such Act (42 U.S.C. 618(a)(2)(A)) 
is amended by striking ‘‘paragraph (3), and remain-
ing after the reservation described in paragraph (4) 
and’’ and inserting ‘‘paragraph (3)(A),’’. 
(b) SUSPENSION OF STATE MATCH REQUIREMENT 
IN FISCAL YEARS 2021 AND 2022.—With respect to the 
amounts made available by section 418(a)(3)(A) of the So-
cial Security Act for each of fiscal years 2021 and 2022,
618 
section 418(a)(2)(C) of such Act shall be applied and ad-
ministered with respect to any State that is entitled to 
receive the entire amount that would be allotted to the 
State under section 418(a)(2)(B) of such Act for the fiscal 
year in the absence of this section, as if the Federal med-
ical assistance percentage for the State for the fiscal year 
were 100 percent. 
(c) FUNDING
FOR
THE
TERRITORIES.—Section 
418(a)(4) of such Act (42 U.S.C. 618(a)(4)) is amended 
to read as follows: 
‘‘(4) TERRITORIES.— 
‘‘(A) GRANTS.—The Secretary shall use 
the amounts made available by paragraph 
(3)(C) to make grants to the territories under 
this paragraph. 
‘‘(B) 
ALLOTMENTS.—The 
amount 
de-
scribed in subparagraph (A) shall be allotted 
among the territories in proportion to their re-
spective needs. 
‘‘(C) REDISTRIBUTION.—The 1st sentence 
of clause (i) and clause (ii) of paragraph (2)(D) 
shall apply with respect to the amounts allotted 
to the territories under this paragraph, except 
that the 2nd sentence of paragraph (2)(D) shall 
not apply and the amounts allotted to the terri-
619 
tories that are available for redistribution for a 
fiscal year shall be redistributed to each terri-
tory that applies for the additional amounts, to 
the extent that the Secretary determines that 
the territory will be able to use the additional 
amounts to provide child care assistance, in an 
amount that bears the same ratio to the 
amount so available for redistribution as the 
amount allotted to the territory for the fiscal 
year bears to the total amount allotted to all 
the territories receiving redistributed funds 
under this paragraph for the fiscal year. 
‘‘(D) INAPPLICABILITY OF PAYMENT LIMI-
TATION.— Section 1108(a) shall not apply with 
respect to any amount paid under this para-
graph. 
‘‘(E) TERRITORY.—In this paragraph, the 
term ‘territory’ means the Commonwealth of 
Puerto Rico, the United States Virgin Islands, 
Guam, American Samoa, and the Common-
wealth of the Northern Mariana Islands.’’.
620 
TITLE X—INTERNATIONAL 
AFFAIRS 
SEC. 10001. DEPARTMENT OF STATE OPERATIONS. 
In addition to amounts otherwise available, there is 
authorized and appropriated to the Secretary of State for 
fiscal year 2021, out of any money in the Treasury not 
otherwise appropriated, $204,000,000, to remain available 
until September 30, 2022, for necessary expenses of the 
Department of State to carry out the authorities, func-
tions, duties, and responsibilities in the conduct of the for-
eign affairs of the United States, to prevent, prepare for, 
and respond to coronavirus domestically or internationally, 
which shall include maintaining Department of State oper-
ations. 
SEC. 10002. UNITED STATES AGENCY FOR INTERNATIONAL 
DEVELOPMENT OPERATIONS. 
In addition to amounts otherwise available, there is 
authorized and appropriated to the Administrator of the 
United States Agency for International Development for 
fiscal year 2021, out of any money in the Treasury not 
otherwise appropriated, $41,000,000, to remain available 
until September 30, 2022, to carry out the provisions of 
section 667 of the Foreign Assistance Act of 1961 (22 
U.S.C. 2427) for necessary expenses of the United States 
Agency for International Development to prevent, prepare
621 
for, and respond to coronavirus domestically or inter-
nationally, and for other operations and maintenance re-
quirements related to coronavirus. 
SEC. 10003. GLOBAL RESPONSE. 
(a) IN GENERAL.—In addition to amounts otherwise 
available, there is authorized and appropriated to the Sec-
retary of State for fiscal year 2021, out of any money in 
the Treasury not otherwise appropriated, $8,675,000,000, 
to remain available until September 30, 2022, for nec-
essary expenses to carry out the provisions of section 531 
of chapter 4 of part II of the Foreign Assistance Act of 
1961 (22 U.S.C. 2346) as health programs to prevent, 
prepare for, and respond to coronavirus, which shall in-
clude recovery from the impacts of such virus and shall 
be allocated as follows— 
(1) $905,000,000 to be made available to the 
United States Agency for International Development 
for global health activities to prevent, prepare for, 
and respond to coronavirus, which shall include a 
contribution to a multilateral vaccine development 
partnership to support epidemic preparedness; 
(2) $3,750,000,000 to be made available to the 
Department of State to support programs for the 
prevention, treatment, and control of HIV/AIDS in 
order to prevent, prepare for, and respond to
622 
coronavirus, including to mitigate the impact on 
such programs from coronavirus and support recov-
ery from the impacts of the coronavirus, of which 
not less than $3,500,000,000 shall be for a United 
States contribution to the Global Fund to Fight 
AIDS, Tuberculosis and Malaria; 
(3) $3,090,000,000 to be made available to the 
United States Agency for International Development 
to prevent, prepare for, and respond to coronavirus, 
which shall include support for international disaster 
relief, rehabilitation, and reconstruction, for health 
activities, and to meet emergency food security 
needs; and 
(4) $930,000,000 to be made available to pre-
vent, prepare for, and respond to coronavirus, which 
shall include activities to address economic and sta-
bilization requirements resulting from such virus. 
(b) WAIVER OF LIMITATION.—Any contribution to 
the Global Fund to Fight AIDS, Tuberculosis and Malaria 
made pursuant to subsection (a)(2) shall be made avail-
able notwithstanding section 202(d)(4)(A)(i) of the United 
States Leadership Against HIV/AIDS, Tuberculosis, and 
Malaria Act of 2003 (22 U.S.C. 7622(d)(4)(A)(i)), and 
such contribution shall not be considered a contribution 
for the purpose of applying such section 202(d)(4)(A)(i).
623 
(c) PERIOD OF AVAILABILITY.—Funds appropriated 
by this section shall remain available for one additional 
year if such funds are initially obligated before the expira-
tion of the period of availability contained in subsection 
(a). 
SEC. 10004. HUMANITARIAN RESPONSE. 
(a) IN GENERAL.—In addition to amounts otherwise 
available, there is authorized and appropriated to the Sec-
retary of State for fiscal year 2021, out of any money in 
the Treasury not otherwise appropriated, $500,000,000, 
to remain available until September 30, 2022, to carry out 
the provisions of section 2(a) and (b) of the Migration and 
Refugee Assistance Act of 1962 (22 U.S.C. 2601(a) and 
(b)) to prevent, prepare for, and respond to coronavirus. 
(b) USE OF FUNDS.—Funds appropriated pursuant 
to this section shall not be made available for the costs 
of resettling refugees in the United States. 
(c) PERIOD OF AVAILABILITY.—Funds appropriated 
by this section shall remain available for one additional 
year if such funds are initially obligated before the expira-
tion of the period of availability contained in subsection 
(a). 
SEC. 10005. MULTILATERAL ASSISTANCE. 
In addition to amounts otherwise available, there is 
authorized and appropriated to the Secretary of State for
624 
fiscal year 2021, out of any money in the Treasury not 
otherwise appropriated, $580,000,000, to remain available 
until September 30, 2022, to carry out the provisions of 
section 301(a) of the Foreign Assistance Act of 1961 (22 
U.S.C. 2221(a)) to prevent, prepare for, and respond to 
coronavirus, which shall include support for the priorities 
and objectives of the United Nations Global Humanitarian 
Response Plan COVID–19 through voluntary contribu-
tions to international organizations and programs admin-
istered by such organizations. 
TITLE XI—COMMITTEE ON 
NATURAL RESOURCES 
SEC. 1101. INDIAN AFFAIRS. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2021, 
out of any money in the Treasury not otherwise appro-
priated, $900,000,000 to remain available until expended, 
pursuant to the Snyder Act (25 U.S.C. 13), of which— 
(1) $100,000,000 shall be for Tribal housing 
improvement; 
(2) $772,500,000 shall be for Tribal govern-
ment services, public safety and justice, social serv-
ices, child welfare assistance, and for other related 
expenses;
625 
(3) $7,500,000 shall be for related Federal ad-
ministrative costs and oversight; and 
(4) $20,000,000 shall be to provide and deliver 
potable water. 
(b) EXCLUSIONS FROM CALCULATION.—Funds ap-
propriated under subsection (a) shall be excluded from the 
calculation of funds received by those Tribal governments 
that participate in the ‘‘Small and Needy’ ’’ program. 
(c) ONE-TIME BASIS FUNDS.—Funds made available 
under subsection (a) to Tribes and Tribal organizations 
under the Indian Self-Determination and Education As-
sistance Act (25 U.S.C. 5301 et seq.) shall be available 
on a one-time basis. Such non-recurring funds shall not 
be part of the amount required by section 106 of the In-
dian Self-Determination and Education Assistance Act 
(25 U.S.C. 5325), and such funds shall only be used for 
the purposes identified in this section. 
SEC. 1102. UNITED STATES FISH AND WILDLIFE SERVICE. 
(a) INSPECTION, INTERDICTION, AND RESEARCH RE-
LATED TO CERTAIN SPECIES AND COVID–19.—In addi-
tion to amounts otherwise made available, there is appro-
priated for fiscal year 2021, out of any money in the 
Treasury not otherwise appropriated, $95,000,000 to re-
main available until expended, to carry out the provisions 
of the Fish and Wildlife Act of 1956 (16 U.S.C. 742a et
626 
seq.) and the Fish and Wildlife Coordination Act (16 
U.S.C. 661 et seq.) through direct expenditure, contracts, 
and grants, of which— 
(1) $20,000,000 shall be for wildlife inspec-
tions, interdictions, investigations, and related activi-
ties, and for efforts to address wildlife trafficking; 
(2) $30,000,000 shall be for the care of captive 
species listed under the Endangered Species Act of 
1973, for the care of rescued and confiscated wild-
life, and for the care of Federal trust species in fa-
cilities experiencing lost revenues due to COVID–19; 
and 
(3) $45,000,000 shall be for research and ex-
tension activities to strengthen early detection, rapid 
response, and science-based management to address 
wildlife disease outbreaks before they become 
pandemics and strengthen capacity for wildlife 
health monitoring to enhance early detection of dis-
eases that have capacity to jump the species barrier 
and pose a risk in the United States, including the 
development of a national wildlife disease database. 
(b) LACEY
ACT
PROVISIONS.—In addition to 
amounts otherwise made available, there is appropriated 
for fiscal year 2021, out of any money in the Treasury 
not otherwise appropriated, $10,000,000, to remain avail-
627 
able until expended, to carry out the provisions of section 
42(a) of title 18, United States Code, and the Lacey Act 
Amendments of 1981 (16 U.S.C. 3371–3378) to identify 
and designate wildlife species, or larger taxonomic groups 
of species, as injurious under such provisions if they trans-
mit a pathogen that could potentially pose a risk to human 
health and develop regulations to develop a process to 
make emergency listings for injurious species. 
TITLE 
XII—COMMITTEE 
ON 
SCIENCE, SPACE, AND TECH-
NOLOGY 
SEC. 12001. NATIONAL INSTITUTE OF STANDARDS AND 
TECHNOLOGY. 
In addition to amounts otherwise made available, 
there are appropriated to the National Institute of Stand-
ards and Technology for fiscal year 2021, out of any 
money in the Treasury not otherwise appropriated, 
$150,000,000, to remain available until September 30, 
2022, to fund awards for research, development, and 
testbeds to prevent, prepare for, and respond to 
coronavirus. None of the funds provided by this section 
shall be subject to cost share requirements. 
SEC. 12002. NATIONAL SCIENCE FOUNDATION. 
In addition to amounts otherwise made available, 
there are appropriated to the National Science Foundation
628 
for fiscal year 2021, out of any money in the Treasury 
not otherwise appropriated, $600,000,000, to remain 
available until September 30, 2022, to fund or extend new 
and existing research grants, cooperative agreements, 
scholarships, fellowships, and apprenticeships, and related 
administrative expenses to prevent, prepare for, and re-
spond to coronavirus. 
Passed the House of Representatives February 27 
(legislative day February 26), 2021. 
Attest: 
Clerk.
117TH CONGRESS 
1ST SESSION 
H. R. 1319 
AN ACT 
To provide for reconciliation pursuant to title II of 
S. Con. Res. 5.