H. R. 133—848 
percent of the revenues of the eligible person or entity 
for the corresponding calendar quarter during 2019 due 
to the COVID–19 pandemic. 
(B) PROCESSING TIMELY INITIAL GRANT APPLICATIONS 
FIRST.—The Administrator may not award a supplemental 
grant under subparagraph (A) until the Administrator has 
completed processing (including determining whether to 
award a grant) each application for an initial grant under 
paragraph (2) that is submitted by an eligible person or 
entity on or before the date that is 60 days after the 
date on which the Administrator begins accepting such 
applications. 
(4) CERTIFICATION.—An eligible person or entity applying 
for a grant under this section that is an eligible business 
described in the matter preceding subclause (I) of section 
4003(c)(3)(D)(i) of the CARES Act (15 U.S.C. 9042(c)(3)(D)(i)), 
shall make a good-faith certification described in subclauses 
(IX) and (X) of such section. 
(c) AMOUNT.— 
(1) INITIAL GRANTS.— 
(A) IN GENERAL.—A grant under subsection (b)(2) shall 
be in the amount equal to the lesser of— 
(i)(I) for an eligible person or entity that was in 
operation on January 1, 2019, the amount equal to 
45 percent of the gross earned revenue of the eligible 
person or entity during 2019; or 
(II) for an eligible person or entity that began 
operations after January 1, 2019, the amount equal 
to the product obtained by multiplying— 
(aa) the average monthly gross earned revenue 
for each full month during which the eligible per-
son or entity was in operation during 2019; by 
(bb) 6; or 
(ii) $10,000,000. 
(B) APPLICATION TO RELEVANT MUSEUM OPERATORS.— 
A relevant museum operator may not receive grants under 
subsection (b)(2) in a total amount that is more than 
$10,000,000 with respect to all relevant museums operated 
by the relevant museum operator. 
(2) SUPPLEMENTAL
GRANTS.—A grant under subsection 
(b)(3) shall be in the amount equal to 50 percent of the grant 
received by the eligible person or entity under subsection (b)(2). 
(3) OVERALL
MAXIMUMS.—The total amount of grants 
received under paragraphs (2) and (3) of subsection (b) by 
an eligible person or entity shall be not more than $10,000,000. 
(d) USE OF FUNDS.— 
(1) TIMING.— 
(A) EXPENSES INCURRED.— 
(i) IN GENERAL.—Except as provided in clause (ii), 
amounts received under a grant under this section 
may be used for costs incurred during the period begin-
ning on March 1, 2020, and ending on December 31, 
2021. 
(ii) EXTENSION FOR SUPPLEMENTAL GRANTS.—If an 
eligible person or entity receives a grant under sub-
section (b)(3), amounts received under either grant 
under this section may be used for costs incurred
H. R. 133—849 
during the period beginning on March 1, 2020, and 
ending on June 30, 2022. 
(B) EXPENDITURE.— 
(i) IN GENERAL.—Except as provided in clause (ii), 
an eligible person or entity shall return to the Adminis-
trator any amounts received under a grant under this 
section that are not expended on or before the date 
that is 1 year after the date of disbursement of the 
grant. 
(ii) EXTENSION FOR SUPPLEMENTAL GRANTS.—If an 
eligible person or entity receives a grant under sub-
section (b)(3), the eligible person or entity shall return 
to the Administrator any amounts received under 
either grant under this section that are not expended 
on or before the date that is 18 months after the 
date of disbursement to the eligible person or entity 
of the grant under subsection (b)(2). 
(2) ALLOWABLE EXPENSES.— 
(A) DEFINITIONS.—In this paragraph— 
(i) the terms ‘‘covered mortgage obligation’’, ‘‘cov-
ered rent obligation’’, ‘‘covered utility payment’’, and 
‘‘covered worker protection expenditure’’ have the 
meanings given those terms in section 7A(a) of the 
Small Business Act, as redesignated, transferred, and 
amended by this Act; and 
(ii) the term ‘‘payroll costs’’ has the meaning given 
that term in section 7(a)(36)(A) of the Small Business 
Act (15 U.S.C. 636(a)(36)(A). 
(B) EXPENSES.—An eligible person or entity may use 
amounts received under a grant under this section for— 
(i) payroll costs; 
(ii) payments on any covered rent obligation; 
(iii) any covered utility payment; 
(iv) scheduled payments of interest or principal 
on any covered mortgage obligation (which shall not 
include any prepayment of principal on a covered mort-
gage obligation); 
(v) scheduled payments of interest or principal 
on any indebtedness or debt instrument (which shall 
not include any prepayment of principal) incurred in 
the ordinary course of business that is a liability of 
the eligible person or entity and was incurred prior 
to February 15, 2020; 
(vi) covered worker protection expenditures; 
(vii) payments made to independent contractors, 
as reported on Form–1099 MISC, not to exceed a total 
of $100,000 in annual compensation for any individual 
employee of an independent contractor; and 
(viii) other ordinary and necessary business 
expenses, including— 
(I) maintenance expenses; 
(II) administrative costs, including fees and 
licensing costs; 
(III) State and local taxes and fees; 
(IV) operating leases in effect as of February 
15, 2020;
H. R. 133—850 
(V) payments required for insurance on any 
insurance policy; and 
(VI) advertising, production transportation, 
and capital expenditures related to producing a 
theatrical or live performing arts production, con-
cert, exhibition, or comedy show, except that a 
grant under this section may not be used primarily 
for such expenditures. 
(3) PROHIBITED
EXPENSES.—An eligible person or entity 
may not use amounts received under a grant under this sec-
tion— 
(A) to purchase real estate; 
(B) for payments of interest or principal on loans origi-
nated after February 15, 2020; 
(C) to invest or re-lend funds; 
(D) for contributions or expenditures to, or on behalf 
of, any political party, party committee, or candidate for 
elective office; or 
(E) for any other use as may be prohibited by the 
Administrator. 
(e) INCREASED OVERSIGHT
OF SHUTTERED VENUE OPERATOR 
GRANTS.—The Administrator shall increase oversight of eligible 
persons and entities receiving grants under this section, which 
may include the following: 
(1) DOCUMENTATION.—Additional documentation require-
ments that are consistent with the eligibility and other require-
ments under this section, including requiring an eligible person 
or entity that receives a grant under this section to retain 
records that document compliance with the requirements for 
grants under this section— 
(A) with respect to employment records, for the 4- 
year period following receipt of the grant; and 
(B) with respect to other records, for the 3-year period 
following receipt of the grant. 
(2) REVIEWS
OF
USE.—Reviews of the use of the grant 
proceeds by an eligible person or entity to ensure compliance 
with requirements established under this section and by the 
Administrator, including that the Administrator may— 
(A) review and audit grants under this section; and 
(B) in the case of fraud or other material noncompli-
ance with respect to a grant under this section— 
(i) require repayment of misspent funds; or 
(ii) pursue legal action to collect funds. 
(f) SHUTTERED VENUE OVERSIGHT AND AUDIT PLAN.— 
(1) IN GENERAL.—Not later than 45 days after the date 
of enactment of this Act, the Administrator shall submit to 
the Committee on Small Business and Entrepreneurship of 
the Senate and the Committee on Small Business of the House 
of Representatives an audit plan that details— 
(A) the policies and procedures of the Administrator 
for conducting oversight and audits of grants under this 
section; and 
(B) the metrics that the Administrator shall use to 
determine which grants under this section will be audited 
pursuant to subsection (e). 
(2) REPORTS.—Not later than 60 days after the date of 
enactment of this Act, and each month thereafter until the
H. R. 133—851 
date that is 1 year after the date on which all amounts made 
available under section 323(d)(1)(H) of this Act have been 
expended, the Administrator shall submit to the Committee 
on Small Business and Entrepreneurship of the Senate and 
the Committee on Small Business of the House of Representa-
tives a report on the oversight and audit activities of the 
Administrator under this subsection, which shall include— 
(A) the total number of initial grants approved and 
disbursed; 
(B) the total amount of grants received by each eligible 
person or entity, including any supplemental grants; 
(C) the number of active investigations and audits 
of grants under this section; 
(D) the number of completed reviews and audits of 
grants under this section, including a description of any 
findings of fraud or other material noncompliance. 
(E) any substantial changes made to the oversight 
and audit plan submitted under paragraph (1). 
SEC. 325. EXTENSION OF THE DEBT RELIEF PROGRAM. 
(a) IN GENERAL.—Section 1112 of the CARES Act (15 U.S.C. 
9011) is amended— 
(1) in subsection (c)— 
(A) by striking paragraph (1) and inserting the fol-
lowing: 
‘‘(1) IN GENERAL.—Subject to the other provisions of this 
section, the Administrator shall pay the principal, interest, 
and any associated fees that are owed on a covered loan in 
a regular servicing status, without regard to the date on which 
the covered loan is fully disbursed, and subject to availability 
of funds, as follows: 
‘‘(A) With respect to a covered loan made before the 
date of enactment of this Act and not on deferment, the 
Administrator shall make those payments as follows: 
‘‘(i) The Administrator shall make those payments 
for the 6-month period beginning with the next pay-
ment due on the covered loan. 
‘‘(ii) In addition to the payments under clause (i)— 
‘‘(I) with respect to a covered loan other than 
a covered loan described in paragraph (1)(A)(i) or 
(2) of subsection (a), the Administrator shall make 
those payments for— 
‘‘(aa) the 3-month period beginning with 
the first payment due on the covered loan 
on or after February 1, 2021; and 
‘‘(bb) an additional 5-month period imme-
diately following the end of the 3-month period 
provided under item (aa) if the covered loan 
is made to a borrower that, according to 
records of the Administration, is assigned a 
North 
American 
Industry 
Classification 
System code beginning with 61, 71, 72, 213, 
315, 448, 451, 481, 485, 487, 511, 512, 515, 
532, or 812; and 
‘‘(II) with respect to a covered loan described 
in paragraph (1)(A)(i) or (2) of subsection (a), the 
Administrator shall make those payments for the
H. R. 133—852 
8-month period beginning with the first payment 
due on the covered loan on or after February 1, 
2021. 
‘‘(B) With respect to a covered loan made before the 
date of enactment of this Act and on deferment, the 
Administrator shall make those payments as follows: 
‘‘(i) The Administrator shall make those payments 
for the 6-month period beginning with the next pay-
ment due on the covered loan after the deferment 
period. 
‘‘(ii) In addition to the payments under clause (i)— 
‘‘(I) with respect to a covered loan other than 
a covered loan described in paragraph (1)(A)(i) or 
(2) of subsection (a), the Administrator shall make 
those payments for— 
‘‘(aa) the 3-month period (beginning on 
or after February 1, 2021) beginning with the 
later of— 
‘‘(AA) the next payment due on the 
covered loan after the deferment period; 
or 
‘‘(BB) the first month after the 
Administrator has completed the pay-
ments under clause (i); and 
‘‘(bb) an additional 5-month period imme-
diately following the end of the 3-month period 
provided under item (aa) if the covered loan 
is made to a borrower that, according to 
records of the Administration, is assigned a 
North 
American 
Industry 
Classification 
System code beginning with 61, 71, 72, 213, 
315, 448, 451, 481, 485, 487, 511, 512, 515, 
532, or 812; and 
‘‘(II) with respect to a loan described in para-
graph (1)(A)(i) or (2) of subsection (a), the 8-month 
period (beginning on or after February 1, 2021) 
beginning with the later of— 
‘‘(aa) the next payment due on the covered 
loan after the deferment period; or 
‘‘(bb) the first month after the payments 
under clause (i) are complete. 
‘‘(C) With respect to a covered loan made during the 
period beginning on the date of enactment of this Act 
and ending on the date that is 6 months after such date 
of enactment, for the 6-month period beginning with the 
first payment due on the covered loan. 
‘‘(D) With respect to a covered loan approved during 
the period beginning on February 1, 2021, and ending 
on September 30, 2021, for the 6-month period beginning 
with the first payment due on the covered loan.’’; and 
(B) by adding at the end the following: 
‘‘(4) LIMITATION.— 
‘‘(A) IN GENERAL.—No single monthly payment of prin-
cipal, interest, and associated fees made by the Adminis-
trator under subparagraph (A)(ii), (B)(ii), or (D) of para-
graph (1) with respect to a covered loan may be in a 
total amount that is more than $9,000.
H. R. 133—853 
‘‘(B) TREATMENT OF ADDITIONAL AMOUNTS OWED.—If, 
for a month, the total amount of principal, interest, and 
associated fees that are owed on a covered loan for which 
the Administration makes payments under paragraph (1) 
is more than $9,000 the Administrator may require the 
lender with respect to the covered loan to add the amount 
by which those costs exceed $9,000 for that month as 
interest to be paid by the borrower with respect to the 
covered loan at the end of the loan period. 
‘‘(5) ADDITIONAL PROVISIONS FOR NEW LOANS.—With respect 
to a loan described in paragraph (1)(C)— 
‘‘(A) the Administrator may further extend the period 
described in paragraph (1)(C) if there are sufficient funds 
to continue those payments; and 
‘‘(B) during the underwriting process, a lender of such 
a loan may consider the payments under this section as 
part of a comprehensive review to determine the ability 
to repay over the entire period of maturity of the loan. 
‘‘(6) ELIGIBILITY.—Eligibility for a covered loan to receive 
such payments of principal, interest, and any associated fees 
under this subsection shall be based on the date on which 
the covered loan is approved by the Administration. 
‘‘(7) AUTHORITY TO REVISE EXTENSIONS.— 
‘‘(A) IN
GENERAL.—The Administrator shall monitor 
whether amounts made available to make payments under 
this subsection are sufficient to make the payments for 
the periods described in paragraph (1). 
‘‘(B) PLAN.—If the Administrator determines under 
subparagraph (A) that the amounts made available to make 
payments under this subsection are insufficient, the 
Administrator shall— 
‘‘(i) develop a plan to proportionally reduce the 
number of months provided for each period described 
in paragraph (1), while ensuring all amounts made 
available to make payments under this subsection are 
fully expended; and 
‘‘(ii) before taking action under the plan developed 
under clause (i), submit to Congress a report regarding 
the plan, which shall include the data that informs 
the plan. 
‘‘(8) ADDITIONAL REQUIREMENTS.—With respect to the pay-
ments made under this subsection— 
‘‘(A) no lender may charge a late fee to a borrower 
with respect to a covered loan during any period in which 
the Administrator makes payments with respect to the 
covered loan under paragraph (1); and 
‘‘(B) the Administrator shall, with respect to a covered 
loan, make all payments with respect to the covered loan 
under paragraph (1) not later than the 15th day of the 
applicable month. 
‘‘(9) RULE OF CONSTRUCTION.—Except as provided in para-
graph (4), nothing in this subsection may be construed to pre-
clude a borrower from receiving full payments of principal, 
interest, and any associated fees authorized under this sub-
section with respect to a covered loan.’’; 
(2) by redesignating subsection (f) as subsection (i); and 
(3) by inserting after subsection (e) the following:
H. R. 133—854 
‘‘(f) ELIGIBILITY FOR NEW LOANS.—For each individual lending 
program under this section, the Administrator may establish a 
minimum loan maturity period, taking into consideration the 
normal underwriting requirements for each such program, with 
the goal of preventing abuse under the program. 
‘‘(g) LIMITATION ON ASSISTANCE.—A borrower may not receive 
assistance under subsection (c) for more than 1 covered loan of 
the borrower described in paragraph (1)(C) of that subsection. 
‘‘(h) REPORTING AND OUTREACH.— 
‘‘(1) UPDATED INFORMATION.— 
‘‘(A) IN GENERAL.—Not later than 14 days after the 
date of enactment of the Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues Act, the Administrator 
shall make publicly available information regarding the 
modifications to the assistance provided under this section 
under the amendments made by such Act. 
‘‘(B) GUIDANCE.—Not later than 21 days after the date 
of enactment of the Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues Act the Administrator 
shall issue guidance on implementing the modifications 
to the assistance provided under this section under the 
amendments made by such Act. 
‘‘(2) PUBLICATION OF LIST.—Not later than March 1, 2021, 
the Administrator shall transmit to each lender of a covered 
loan a list of each borrower of a covered loan that includes 
the North American Industry Classification System code 
assigned to the borrower, based on the records of the Adminis-
tration, to assist the lenders in identifying which borrowers 
qualify for an extension of payments under subsection (c). 
‘‘(3) EDUCATION AND OUTREACH.—The Administrator shall 
provide education, outreach, and communication to lenders, 
borrowers, district offices, and resource partners of the Adminis-
tration in order to ensure full and proper compliance with 
this section, encourage broad participation with respect to cov-
ered loans that have not yet been approved by the Adminis-
trator, and help lenders transition borrowers from subsidy pay-
ments under this section directly to a deferral when suitable 
for the borrower. 
‘‘(4) NOTIFICATION.—Not later than 30 days after the date 
of enactment of the Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues Act, the Administrator 
shall mail a letter to each borrower of a covered loan that 
includes— 
‘‘(A) an overview of assistance provided under this 
section; 
‘‘(B) the rights of the borrower to receive that assist-
ance; 
‘‘(C) how to seek recourse with the Administrator or 
the lender of the covered loan if the borrower has not 
received that assistance; and 
‘‘(D) the rights of the borrower to request a loan 
deferral from a lender, and guidance on how to do success-
fully transition directly to a loan deferral once subsidy 
payments under this section are concluded. 
‘‘(5) MONTHLY REPORTING.—Not later than the 15th of each 
month beginning after the date of enactment of the Economic 
Aid to Hard-Hit Small Businesses, Nonprofits, and Venues
H. R. 133—855 
Act, the Administrator shall submit to Congress a report on 
assistance provided under this section, which shall include— 
‘‘(A) monthly and cumulative data on payments made 
under this section as of the date of the report, including 
a breakdown by— 
‘‘(i) the number of participating borrowers; 
‘‘(ii) the volume of payments made for each type 
of covered loan; and 
‘‘(iii) the volume of payments made for covered 
loans made before the date of enactment of this Act 
and loans made after such date of enactment; 
‘‘(B) the names of any lenders of covered loans that 
have not submitted information on the covered loans to 
the Administrator during the preceding month; and 
‘‘(C) an update on the education and outreach activities 
of the Administration carried out under paragraph (3).’’. 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendments made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281). 
SEC. 326. MODIFICATIONS TO 7(a) LOAN PROGRAMS. 
(a) 7(a) LOAN GUARANTEES.— 
(1) IN GENERAL.—Section 7(a)(2)(A) of the Small Business 
Act (15 U.S.C. 636(a)(2)(A)) is amended by striking ‘‘), such 
participation by the Administration shall be equal to’’ and 
all that follows through the period at the end and inserting 
‘‘or the Community Advantage Pilot Program of the Administra-
tion), such participation by the Administration shall be equal 
to 90 percent of the balance of the financing outstanding at 
the time of disbursement of the loan.’’. 
(2) PROSPECTIVE REPEAL.—Effective October 1, 2021, sec-
tion 7(a)(2)(A) of the Small Business Act (15 U.S.C. 
636(a)(2)(A)), as amended by paragraph (1), is amended to 
read as follows: 
‘‘(A) IN
GENERAL.—Except as provided in subpara-
graphs (B), (D), (E), and (F), in an agreement to participate 
in a loan on a deferred basis under this subsection 
(including a loan made under the Preferred Lenders Pro-
gram), such participation by the Administration shall be 
equal to— 
‘‘(i) 75 percent of the balance of the financing out-
standing at the time of disbursement of the loan, if 
such balance exceeds $150,000; or 
‘‘(ii) 85 percent of the balance of the financing 
outstanding at the time of disbursement of the loan, 
if such balance is less than or equal to $150,000.’’. 
(b) EXPRESS LOANS.— 
(1) LOAN AMOUNT.—Section 1102(c)(2) of the CARES Act 
(Public Law 116–136; 15 U.S.C. 636 note) is amended to read 
as follows: 
‘‘(2) PROSPECTIVE REPEAL.—Effective on October 1, 2021, 
section 7(a)(31)(D) of the Small Business Act (15 U.S.C. 
636(a)(31)(D)) is amended by striking ‘ $1,000,000’ and inserting 
‘ $500,000’.’’. 
(2) GUARANTEE RATES.— 
(A) TEMPORARY MODIFICATION.—Section 7(a)(31)(A)(iv) 
of the Small Business Act (15 U.S.C. 636(a)(31)(A)(iv)) is
H. R. 133—856 
amended by striking ‘‘with a guaranty rate of not more 
than 50 percent.’’ and inserting the following: ‘‘with a guar-
antee rate— 
‘‘(I) for a loan in an amount less than or equal 
to $350,000, of not more than 75 percent; and 
‘‘(II) for a loan in an amount greater than 
$350,000, of not more than 50 percent.’’. 
(B) PROSPECTIVE REPEAL.—Effective October 1, 2021, 
section 7(a)(31)(A)(iv) of the Small Business Act (15 U.S.C. 
636(a)(31)(iv)), as amended by subparagraph (A), is 
amended by striking ‘‘guarantee rate’’ and all that follows 
through the period at the end and inserting ‘‘guarantee 
rate of not more than 50 percent.’’. 
SEC. 327. TEMPORARY FEE REDUCTIONS. 
(a) ADMINISTRATIVE FEE WAIVER.— 
(1) IN GENERAL.—During the period beginning on the date 
of enactment of this Act and ending on September 30, 2021, 
and to the extent that the cost of such elimination or reduction 
of fees is offset by appropriations, with respect to each loan 
guaranteed under section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) (including a recipient of assistance under the 
Community Advantage Pilot Program of the Administration) 
for which an application is approved or pending approval on 
or after the date of enactment of this Act, the Administrator 
shall— 
(A) in lieu of the fee otherwise applicable under section 
7(a)(23)(A) 
of 
the 
Small 
Business 
Act 
(15 
U.S.C. 
636(a)(23)(A)), collect no fee or reduce fees to the maximum 
extent possible; and 
(B) in lieu of the fee otherwise applicable under section 
7(a)(18)(A) 
of 
the 
Small 
Business 
Act 
(15 
U.S.C. 
636(a)(18)(A)), collect no fee or reduce fees to the maximum 
extent possible. 
(2) APPLICATION OF FEE ELIMINATIONS OR REDUCTIONS.— 
To the extent that amounts are made available to the Adminis-
trator for the purpose of fee eliminations or reductions under 
paragraph (1), the Administrator shall— 
(A) first use any amounts provided to eliminate or 
reduce fees paid by small business borrowers under clauses 
(i) through (iii) of section 7(a)(18)(A) of the Small Business 
Act (15 U.S.C. 636(a)(18)(A)), to the maximum extent pos-
sible; and 
(B) then use any amounts provided to eliminate or 
reduce fees under 7(a)(23)(A) of the Small Business Act 
(15 U.S.C. 636(a)(23)(A)). 
(b) TEMPORARY FEE ELIMINATION
FOR
THE 504 LOAN PRO-
GRAM.— 
(1) IN GENERAL.—During the period beginning on the date 
of enactment of this Act and ending on September 30, 2021, 
and to the extent the cost of such elimination in fees is offset 
by appropriations, with respect to each project or loan guaran-
teed by the Administrator pursuant to title V of the Small 
Business Investment Act of 1958 (15 U.S.C. 695 et seq.) for 
which an application is approved or pending approval on or 
after the date of enactment of this Act—
H. R. 133—857 
(A) the Administrator shall, in lieu of the fee otherwise 
applicable under section 503(d)(2) of the Small Business 
Investment Act of 1958 (15 U.S.C. 697(d)(2)), collect no 
fee; and 
(B) a development company shall, in lieu of the proc-
essing fee under section 120.971(a)(1) of title 13, Code 
of Federal Regulations (relating to fees paid by borrowers), 
or any successor regulation, collect no fee. 
(2) REIMBURSEMENT FOR WAIVED FEES.— 
(A) IN GENERAL.—To the extent that the cost of such 
payments is offset by appropriations, the Administrator 
shall reimburse each development company that does not 
collect a processing fee pursuant to paragraph (1)(B). 
(B) AMOUNT.—The payment to a development company 
under clause (i) shall be in an amount equal to 1.5 percent 
of the net debenture proceeds for which the development 
company does not collect a processing fee pursuant to para-
graph (1)(B). 
SEC. 328. LOW-INTEREST REFINANCING. 
(a) LOW-INTEREST REFINANCING UNDER THE LOCAL DEVELOP-
MENT BUSINESS LOAN PROGRAM.— 
(1) REPEAL.—Section 521(a) of title V of division E of the 
Consolidated Appropriations Act, 2016 (15 U.S.C. 696 note) 
is repealed. 
(2) REFINANCING.—Section 502(7) of the Small Business 
Investment Act of 1958 (15 U.S.C. 696(7)) is amended— 
(A) in subparagraph (B), in the matter preceding clause 
(i), by striking ‘‘50’’ and inserting ‘‘100’’; and 
(B) by adding at the end the following: 
‘‘(C) REFINANCING NOT INVOLVING EXPANSIONS.— 
‘‘(i) DEFINITIONS.—In this subparagraph— 
‘‘(I) the term ‘borrower’ means a small business 
concern that submits an application to a develop-
ment company for financing under this subpara-
graph; 
‘‘(II) the term ‘eligible fixed asset’ means tan-
gible property relating to which the Administrator 
may provide financing under this section; and 
‘‘(III) the term ‘qualified debt’ means indebted-
ness— 
‘‘(aa) that was incurred not less than 6 
months before the date of the application for 
assistance under this subparagraph; 
‘‘(bb) that is a commercial loan; 
‘‘(cc) the proceeds of which were used to 
acquire an eligible fixed asset; 
‘‘(dd) that was incurred for the benefit 
of the small business concern; and 
‘‘(ee) that is collateralized by eligible fixed 
assets. 
‘‘(ii) AUTHORITY.—A project that does not involve 
the expansion of a small business concern may include 
the refinancing of qualified debt if— 
‘‘(I) the amount of the financing is not more 
than 90 percent of the value of the collateral for 
the financing, except that, if the appraised value
H. R. 133—859 
on which the borrower applies for a loan 
under this subparagraph, by 
‘‘(BB) 
the 
quotient 
obtained 
by 
dividing the average number of hours each 
part time employee of the borrower works 
each week by 40. 
‘‘(v) TOTAL AMOUNT OF LOANS.—The Administrator 
may provide not more than a total of $7,500,000,000 
of financing under this subparagraph for each fiscal 
year.’’. 
(b) EXPRESS LOAN AUTHORITY FOR ACCREDITED LENDERS.— 
(1) IN GENERAL.—Section 507 of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 697d) is amended by striking 
subsection (e) and inserting the following: 
‘‘(e) EXPRESS LOAN AUTHORITY.—A local development company 
designated as an accredited lender in accordance with subsection 
(b)— 
‘‘(1) may— 
‘‘(A) approve, authorize, close, and service covered loans 
that are funded with proceeds of a debenture issued by 
the company; and 
‘‘(B) authorize the guarantee of a debenture described 
in subparagraph (A); and 
‘‘(2) with respect to a covered loan, shall be subject to 
final approval as to eligibility of any guarantee by the Adminis-
tration pursuant to section 503(a), but such final approval 
shall not include review of decisions by the lender involving 
creditworthiness, loan closing, or compliance with legal require-
ments imposed by law or regulation. 
‘‘(f) DEFINITIONS.—In this section— 
‘‘(1) the term ‘accredited lender certified company’ means 
a certified development company that meets the requirements 
under subsection (b), including a certified development company 
that the Administration has designated as an accredited lender 
under that subsection; 
‘‘(2) the term ‘covered loan’— 
‘‘(A) means a loan made under section 502 in an 
amount that is not more than $500,000; and 
‘‘(B) does not include a loan made to a borrower that 
is in an industry that has a high rate of default, as annually 
determined by the Administrator and reported in rules 
of the Administration; and 
‘‘(3) the term ‘qualified State or local development company’ 
has the meaning given the term in section 503(e).’’. 
(2) PROSPECTIVE REPEAL.—Effective on September 30, 2023, 
section 507 of the Small Business Investment Act of 1958 
(15 U.S.C. 697d), as amended by paragraph (1), is amended 
by striking subsections (e) and (f) and inserting the following: 
‘‘(e) DEFINITION.—In this section, the term ‘qualified State or 
local development company’ has the meaning given the term in 
section 503(e).’’. 
(c) REFINANCING SENIOR PROJECT DEBT.—During the 1-year 
period beginning on the date of enactment of this Act, a development 
company described in title V of the Small Business Investment 
Act of 1958 (15 U.S.C. 695 et seq.) is authorized to allow the 
refinancing of a senior loan on an existing project in an amount
H. R. 133—860 
that, when combined with the outstanding balance on the develop-
ment company loan, is not more than 90 percent of the total 
loan to value. Proceeds of such refinancing can be used to support 
business operating expenses. 
SEC. 329. RECOVERY ASSISTANCE UNDER THE MICROLOAN PROGRAM. 
(a) LOANS TO INTERMEDIARIES.— 
(1) IN GENERAL.—Section 7(m) of the Small Business Act 
(15 U.S.C. 636(m)) is amended— 
(A) in paragraph (3)(C)— 
(i) by striking ‘‘and $6,000,000’’ and inserting ‘‘ 
$10,000,000 (in the aggregate)’’; and 
(ii) by inserting before the period at the end the 
following: ‘‘, and $4,500,000 in any of those remaining 
years’’; 
(B) in paragraph (4)— 
(i) in subparagraph (A), by striking ‘‘subparagraph 
(C)’’ each place that term appears and inserting ‘‘sub-
paragraphs (C) and (G)’’; 
(ii) in subparagraph (C), by amending clause (i) 
to read as follows: 
‘‘(i) IN GENERAL.—In addition to grants made under 
subparagraph (A) or (G), each intermediary shall be 
eligible to receive a grant equal to 5 percent of the 
total outstanding balance of loans made to the inter-
mediary under this subsection if— 
‘‘(I) the intermediary provides not less than 
25 percent of its loans to small business concerns 
located in or owned by 1 or more residents of 
an economically distressed area; or 
‘‘(II) the intermediary has a portfolio of loans 
made under this subsection— 
‘‘(aa) that averages not more than $10,000 
during the period of the intermediary’s partici-
pation in the program; or 
‘‘(bb) of which not less than 25 percent 
is serving rural areas during the period of 
the intermediary’s participation in the pro-
gram.’’; and 
(iii) by adding at the end the following: 
‘‘(G) GRANT AMOUNTS BASED ON APPROPRIATIONS.—In 
any fiscal year in which the amount appropriated to make 
grants under subparagraph (A) is sufficient to provide to 
each intermediary that receives a loan under paragraph 
(1)(B)(i) a grant of not less than 25 percent of the total 
outstanding balance of loans made to the intermediary 
under this subsection, the Administration shall make a 
grant under subparagraph (A) to each intermediary of not 
less than 25 percent and not more than 30 percent of 
that total outstanding balance for the intermediary.’’; and 
(C) in paragraph (11)— 
(i) in subparagraph (C)(ii), by striking all after 
the semicolon and inserting ‘‘and’’; and 
(ii) by striking all after subparagraph (C) and 
inserting the following: 
‘‘(D) the term ‘economically distressed area’, as used 
in paragraph (4), means a county or equivalent division
H. R. 133—861 
of local government of a State in which the small business 
concern is located, in which, according to the most recent 
data available from the Bureau of the Census, Department 
of Commerce, not less than 40 percent of residents have 
an annual income that is at or below the poverty level.’’. 
(2) PROSPECTIVE
AMENDMENT.—Effective on October 1, 
2021, section 7(m)(3)(C) of the Small Business Act (15 U.S.C. 
636(m)(3)(C)), as amended by paragraph (1)(A), is amended— 
(A) by striking ‘‘ $10,000,000’’ and by inserting ‘‘ 
$7,000,000’’; and 
(B) by striking ‘‘ $4,500,000’’ and inserting ‘‘ 
$3,000,000’’. 
(b) TEMPORARY WAIVER
OF TECHNICAL ASSISTANCE GRANTS 
MATCHING REQUIREMENTS
AND FLEXIBILITY
ON PRE- AND POST- 
LOAN ASSISTANCE.—During the period beginning on the date of 
enactment of this Act and ending on September 30, 2021, the 
Administration shall waive— 
(1) the requirement to contribute non-Federal funds under 
section 7(m)(4)(B) of the Small Business Act (15 U.S.C. 
636(m)(4)(B)); and 
(2) the limitation on amounts allowed to be expended to 
provide information and technical assistance under clause (i) 
of section 7(m)(4)(E) of the Small Business Act (15 U.S.C. 
636(m)(4)(E)) and enter into third party contracts for the provi-
sion of technical assistance under clause (ii) of such section 
7(m)(4)(E). 
(c) TEMPORARY DURATION OF LOANS TO BORROWERS.— 
(1) IN GENERAL.—During the period beginning on the date 
of enactment of this Act and ending on September 30, 2021, 
the duration of a loan made by an eligible intermediary under 
section 7(m) of the Small Business Act (15 U.S.C. 636(m))— 
(A) to an existing borrower may be extended to not 
more than 8 years; and 
(B) to a new borrower may be not more than 8 years. 
(2) REVERSION.—On and after October 1, 2021, the duration 
of a loan made by an eligible intermediary to a borrower under 
section 7(m) of the Small Business Act (15 U.S.C. 636(m)) 
shall be 7 years or such other amount established by the 
Administrator. 
(d) FUNDING.—Section 20 of the Small Business Act (15 U.S.C. 
631 note) is amended by adding at the end the following: 
‘‘(h) MICROLOAN PROGRAM.—For each of fiscal years 2021 
through 2025, the Administration is authorized to make— 
‘‘(1) $80,000,000 in technical assistance grants, as provided 
in section 7(m); and 
‘‘(2) $110,000,000 in direct loans, as provided in section 
7(m).’’. 
(e) 
AUTHORIZATION
OF
APPROPRIATIONS.—In 
addition 
to 
amounts provided under the Consolidated Appropriations Act, 2020 
(Public Law 116–93; 133 Stat. 2317) for the program established 
under section 7(m) of the Small Business Act (15 U.S.C. 636(m)) 
and amounts provided for fiscal year 2021 for that program, there 
is authorized to be appropriated for fiscal year 2021, to remain 
available until expended— 
(1) $50,000,000 to provide technical assistance grants under 
such section 7(m); and
H. R. 133—862 
(2) $7,000,000 to provide direct loans under such section 
7(m). 
SEC. 330. EXTENSION OF PARTICIPATION IN 8(a) PROGRAM. 
(a) IN GENERAL.—The Administrator shall ensure that a small 
business concern participating in the program established under 
section 8(a) of the Small Business Act (15 U.S.C. 637(a)) on or 
before September 9, 2020, may elect to extend such participation 
by a period of 1 year, regardless of whether the small business 
concern previously elected to suspend participation in the program 
pursuant to guidance of the Administrator. 
(b) EMERGENCY RULEMAKING AUTHORITY.—Not later than 15 
days after the date of enactment of this Act, the Administrator 
shall issue regulations to carry out this section without regard 
to the notice requirements under section 553(b) of title 5, United 
States Code. 
SEC. 331. TARGETED EIDL ADVANCE FOR SMALL BUSINESS CON-
TINUITY, ADAPTATION, AND RESILIENCY. 
(a) DEFINITIONS.—In this section: 
(1) AGRICULTURAL
ENTERPRISE.—The term ‘‘agricultural 
enterprise’’ has the meaning given the term in section 18(b) 
of the Small Business Act (15 U.S.C. 647(b)). 
(2) COVERED ENTITY.—The term ‘‘covered entity’’— 
(A) means an eligible entity that— 
(i) applies for a loan under section 7(b)(2) of the 
Small Business Act (15 U.S.C. 636(b)(2)) during the 
covered period, including before the date of enactment 
of this Act; 
(ii) is located in a low-income community; 
(iii) has suffered an economic loss of greater than 
30 percent; and 
(iv) employs not more than 300 employees; and 
(B) except with respect to an entity included under 
section 123.300(c) of title 13, Code of Federal Regulations, 
or any successor regulation, does not include an agricul-
tural enterprise. 
(3) COVERED PERIOD.—The term ‘‘covered period’’ has the 
meaning given the term in section 1110(a)(1) of the CARES 
Act (15 U.S.C. 9009(a)(1)), as amended by section 332 of this 
Act. 
(4) ECONOMIC LOSS.—The term ‘‘economic loss’’ means, with 
respect to a covered entity— 
(A) the amount by which the gross receipts of the 
covered entity declined during an 8-week period between 
March 2, 2020, and December 31, 2021, relative to a com-
parable 8-week period immediately preceding March 2, 
2020, or during 2019; or 
(B) if the covered entity is a seasonal business concern, 
such other amount determined appropriate by the Adminis-
trator. 
(5) ELIGIBLE ENTITY.—The term ‘‘eligible entity’’ means an 
entity that, during the covered period, is eligible for a loan 
made under section 7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)), as described in section 1110(b) of the CARES Act 
(15 U.S.C. 9009(b)).
H. R. 133—863 
(6) 
LOW-INCOME
COMMUNITY.—The 
term 
‘‘low-income 
community’’ has the meaning given the term in section 45D(e) 
of the Internal Revenue Code of 1986. 
(b) ENTITLEMENT TO FULL AMOUNT.— 
(1) IN GENERAL.—Subject to paragraph (2), a covered entity, 
after submitting a request to the Administrator that the 
Administrator verifies under subsection (c), shall receive a total 
of $10,000 under section 1110(e) of the CARES Act (15 U.S.C. 
9009(e)), without regard to whether— 
(A) the applicable loan for which the covered entity 
applies or applied under section 7(b)(2) of the Small Busi-
ness Act (15 U.S.C. 636(b)(2)) is or was approved; 
(B) the covered entity accepts or accepted the offer 
of the Administrator with respect to an approved loan 
described in subparagraph (A); or 
(C) the covered entity has previously received a loan 
under section 7(a)(36) of the Small Business Act (15 U.S.C. 
636(a)(36)). 
(2) EFFECT OF PREVIOUSLY RECEIVED AMOUNTS.— 
(A) IN GENERAL.—With respect to a covered entity that 
received an emergency grant under section 1110(e) of the 
CARES Act (15 U.S.C. 9009(e)) before the date of enactment 
of this Act, the amount of the payment that the covered 
entity shall receive under this subsection (after satisfaction 
of the procedures required under subparagraph (B)) shall 
be the difference between $10,000 and the amount of that 
previously received grant. 
(B) PROCEDURES.—If the Administrator receives a 
request under paragraph (1) from a covered entity described 
in subparagraph (A) of this paragraph, the Administrator 
shall, not later than 21 days after the date on which 
the Administrator receives the request— 
(i) perform the verification required under sub-
section (c); 
(ii) if the Administrator, under subsection (c), 
verifies that the entity is a covered entity, provide 
to the covered entity a payment in the amount 
described in subparagraph (A); and 
(iii) with respect to a covered entity that the 
Administrator determines is not entitled to a payment 
under this section, provide the covered entity with 
a notification explaining why the Administrator 
reached that determination. 
(C) RULE OF CONSTRUCTION.—Nothing in this para-
graph may be construed to require any entity that received 
an emergency grant under section 1110(e) of the CARES 
Act (15 U.S.C. 9009(e)) before the date of enactment of 
this Act to repay any amount of that grant. 
(c) VERIFICATION.—In carrying out this section, the Adminis-
trator shall require any information, including any tax records, 
from an entity submitting a request under subsection (b) that 
the Administrator determines to be necessary to verify that the 
entity is a covered entity, without regard to whether the entity 
has previously submitted such information to the Administrator. 
(d) ORDER OF PROCESSING.—The Administrator shall process 
and approve requests for payments under subsection (b) in the
H. R. 133—864 
order that the Administrator receives the requests, except that 
the Administrator shall give— 
(1) first priority to covered entities described in subsection 
(b)(2)(A); and 
(2) second priority to covered entities that have not received 
emergency grants under section 1110(e) of the CARES Act 
(15 U.S.C. 9009(e)), as of the date on which the Administrator 
receives such a request, because of the unavailability of funding 
to carry out such section 1110(e). 
(e) APPLICABILITY.—In addition to any other restriction imposed 
under this section, any eligibility restriction applicable to a loan 
made under section 7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)), including any restriction under section 123.300 or 
123.301 of title 13, Code of Federal Regulations, or any successor 
regulation, shall apply with respect to funding provided under this 
section. 
(f) NOTIFICATION REQUIRED.—The Administrator shall provide 
notice to each of the following entities stating that the entity 
may be eligible for a payment under this section if the entity 
satisfies the requirements under clauses (ii), (iii), and (iv) of sub-
section (a)(2)(A): 
(1) Each entity that received an emergency grant under 
section 1110(e) of the CARES Act (15 U.S.C. 9009(e)) before 
the date of enactment of this Act. 
(2) Each entity that, before the date of enactment of this 
Act— 
(A) applied for a loan under section 7(b)(2) of the 
Small Business Act (15 U.S.C. 636(b)(2)); and 
(B) did not receive an emergency grant under section 
1110(e) of the CARES Act (15 U.S.C. 9009(e)) because 
of the unavailability of funding to carry out such section 
1110(e). 
(g) ADMINISTRATION.—In carrying out this section, the Adminis-
trator may rely on loan officers and other personnel of the Office 
of Disaster Assistance of the Administration and other resources 
of the Administration, including contractors of the Administration. 
(h) AUTHORIZATION OF APPROPRIATIONS.—There are authorized 
to be appropriated to the Administrator $20,000,000,000 to carry 
out this section— 
(1) which shall remain available through December 31, 
2021; and 
(2) of which $20,000,000 is authorized to be appropriated 
to the Inspector General of the Administration to prevent waste, 
fraud, and abuse with respect to funding provided under this 
section. 
SEC. 332. EMERGENCY EIDL GRANTS. 
Section 1110 of the CARES Act (15 U.S.C. 9009) is amended— 
(1) in subsection (a)(1), by striking ‘‘December 31, 2020’’ 
and inserting ‘‘December 31, 2021’’; 
(2) in subsection (d), by striking paragraphs (1) and (2) 
and inserting the following: 
‘‘(1) approve an applicant— 
‘‘(A) based solely on the credit score of the applicant; 
or 
‘‘(B) by using alternative appropriate methods to deter-
mine an applicant’s ability to repay; and
H. R. 133—865 
‘‘(2) use information from the Department of the Treasury 
to confirm that— 
‘‘(A) an applicant is eligible to receive such a loan; 
or 
‘‘(B) the information contained in an application for 
such a loan is accurate.’’; and 
(3) in subsection (e)— 
(A) in paragraph (1)— 
(i) by striking ‘‘During the covered period’’ and 
inserting the following: 
‘‘(A) ADVANCES.—During the covered period’’; 
(ii) in subparagraph (A), as so designated, by 
striking ‘‘within 3 days after the Administrator receives 
an application from such applicant’’; and 
(iii) by adding at the end the following: 
‘‘(B) TIMING.—With respect to each request submitted 
to the Administrator under subparagraph (A), the Adminis-
trator shall, not later than 21 days after the date on 
which the Administrator receives the request— 
‘‘(i) verify whether the entity is an entity that 
is eligible for a loan made under section 7(b)(2) of 
the Small Business Act (15 U.S.C. 636(b)(2)) during 
the covered period, as described in subsection (b); 
‘‘(ii) if the Administrator, under clause (i), verifies 
that the entity submitting the request is an entity 
that is eligible, as described in that clause, provide 
the advance requested by the entity; and 
‘‘(iii) with respect to an entity that the Adminis-
trator determines is not entitled to receive an advance 
under this subsection, provide the entity with a 
notification explaining why the Administrator reached 
that determination.’’; 
(B) in paragraph (7), by striking ‘‘ $20,000,000,000’’ 
and inserting ‘‘ $40,000,000,000’’; and 
(C) in paragraph (8), by striking ‘‘December 31, 2020’’ 
and inserting ‘‘December 31, 2021’’. 
SEC. 333. REPEAL OF EIDL ADVANCE DEDUCTION. 
(a) DEFINITIONS.—In this section— 
(1) the term ‘‘covered entity’’ means an entity that receives 
an advance under section 1110(e) of the CARES Act (15 U.S.C. 
9009(e)), including an entity that received such an advance 
before the date of enactment of this Act; and 
(2) the term ‘‘covered period’’ has the meaning given the 
term in section 1110(a)(1) of the CARES Act (15 U.S.C. 
9009(a)(1)), as amended by section 332 of this Act. 
(b) SENSE
OF CONGRESS.—It is the sense of Congress that 
borrowers of loans made under section 7(b)(2) of the Small Business 
Act (15 U.S.C. 636(b)(2)) in response to COVID–19 during the 
covered period should be made whole, without regard to whether 
those borrowers are eligible for forgiveness with respect to those 
loans. 
(c) REPEAL.—Section 1110(e)(6) of the CARES Act (15 U.S.C. 
9009(e)(6)) is repealed. 
(d) EFFECTIVE DATE; APPLICABILITY.—The amendment made 
by subsection (c) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281).
H. R. 133—866 
(e) RULEMAKING.— 
(1) IN GENERAL.—Not later than 15 days after the date 
of enactment of this Act, the Administrator shall issue rules 
that ensure the equal treatment of all covered entities with 
respect to the amendment made by subsection (c), which shall 
include consideration of covered entities that, before the date 
of enactment of this Act, completed the loan forgiveness process 
described in section 1110(e)(6) of the CARES Act (15 U.S.C. 
9009(e)(6)), as in effect before that date of enactment. 
(2) NOTICE
AND
COMMENT.— The notice and comment 
requirements under section 553 of title 5, United States Code, 
shall not apply with respect to the rules issued under paragraph 
(1). 
SEC. 334. FLEXIBILITY IN DEFERRAL OF PAYMENTS OF 7(a) LOANS. 
Section 7(a)(7) of the Small Business Act (15 U.S.C. 636(a)(7)) 
is amended— 
(1) by striking ‘‘The Administration’’ and inserting ‘‘(A) 
IN GENERAL.—The Administrator’’; 
(2) in subparagraph (A), as so designated, by inserting 
‘‘and interest’’ after ‘‘principal’’; and 
(3) by adding at the end the following: 
‘‘(B) DEFERRAL
REQUIREMENTS.—With respect to a 
deferral provided under this paragraph, the Administrator 
may allow lenders under this subsection— 
‘‘(i) to provide full payment deferment relief 
(including payment of principal and interest) for a 
period of not more than 1 year; and 
‘‘(ii) to provide an additional deferment period if 
the borrower provides documentation justifying such 
additional deferment. 
‘‘(C) SECONDARY MARKET.— 
‘‘(i) IN
GENERAL.—Except as provided in clause 
(ii), if an investor declines to approve a deferral or 
additional deferment requested by a lender under 
subparagraph (B), the Administrator shall exercise the 
authority to purchase the loan so that the borrower 
may receive full payment deferment relief (including 
payment of principal and interest) or an additional 
deferment as described in subparagraph (B). 
‘‘(ii) EXCEPTION.—If, in a fiscal year, the Adminis-
trator determines that the cost of implementing clause 
(i) is greater than zero, the Administrator shall not 
implement that clause.’’. 
SEC. 335. DOCUMENTATION REQUIRED FOR CERTAIN ELIGIBLE 
RECIPIENTS. 
(a) IN GENERAL.—Section 7(a)(36)(D)(ii)(II) of the Small Busi-
ness Act (15 U.S.C. 636(a)(36)(D)(ii)(II)) is amended by striking 
‘‘as is necessary’’ and all that follows through the period at the 
end and inserting ‘‘as determined necessary by the Administrator 
and the Secretary, to establish the applicant as eligible.’’. 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendment made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281) and shall apply to any 
loan made pursuant to section 7(a)(36) of the Small Business Act 
(15 U.S.C. 636(a)(36)) before, on, or after the date of enactment 
of this Act, including forgiveness of such a loan.
H. R. 133—867 
SEC. 336. ELECTION OF 12-WEEK PERIOD BY SEASONAL EMPLOYERS. 
(a) IN GENERAL.—Section 7(a)(36)(E)(i)(I)(aa)(AA) of the Small 
Business Act (15 U.S.C. 636(a)(36)(E)(i)(I)(aa)(AA)) is amended by 
striking ‘‘, in the case of an applicant’’ and all that follows through 
‘‘June 30, 2019’’ and inserting the following: ‘‘an applicant that 
is a seasonal employer shall use the average total monthly payments 
for payroll for any 12-week period selected by the seasonal employer 
between February 15, 2019, and February 15, 2020’’. 
(b) EFFECTIVE DATE; APPLICABILITY.— 
(1) IN GENERAL.—Except as provided in paragraph (2), the 
amendment made by subsection (a) shall be effective as if 
included in the CARES Act (Public Law 116–136; 134 Stat. 
281) and shall apply to any loan made pursuant to section 
7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) before, 
on, or after the date of enactment of this Act, including forgive-
ness of such a loan. 
(2) EXCLUSION OF LOANS ALREADY FORGIVEN.—The amend-
ment made by subsection (a) shall not apply to a loan made 
pursuant to section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36)) for which the borrower received forgiveness 
before the date of enactment of this Act under section 1106 
of the CARES Act, as in effect on the day before such date 
of enactment. 
SEC. 337. INCLUSION OF CERTAIN REFINANCING IN NONRECOURSE 
REQUIREMENTS. 
(a) IN GENERAL.—Section 7(a)(36)(F)(v) of the Small Business 
Act (15 U.S.C. 636(a)(36)(F)(v)) is amended by striking ‘‘clause 
(i)’’ and inserting ‘‘clause (i) or (iv)’’. 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendment made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281) and shall apply to any 
loan made pursuant to section 7(a)(36) of the Small Business Act 
(15 U.S.C. 636(a)(36)) before, on, or after the date of enactment 
of this Act, including forgiveness of such a loan. 
SEC. 338. APPLICATION OF CERTAIN TERMS THROUGH LIFE OF COV-
ERED LOAN. 
(a) IN GENERAL.—Section 7(a)(36) of the Small Business Act 
(15 U.S.C. 636(a)(36)) is amended— 
(1) in subparagraph (H), in the matter preceding clause 
(i), by striking ‘‘During the covered period, with’’ and inserting 
‘‘With’’; 
(2) in subparagraph (J), in the matter preceding clause 
(i), by striking ‘‘During the covered period, with’’ and inserting 
‘‘With’’; and 
(3) in subparagraph (M)— 
(A) in clause (ii), in the matter preceding subclause 
(I), by striking ‘‘During the covered period, the’’ and 
inserting ‘‘The’’; and 
(B) in clause (iii), by striking ‘‘During the covered 
period, with’’ and inserting ‘‘With’’. 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendments made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281) and shall apply to any 
loan made pursuant to section 7(a)(36) of the Small Business Act
H. R. 133—868 
(15 U.S.C. 636(a)(36)) before, on, or after the date of enactment 
of this Act, including forgiveness of such a loan. 
SEC. 339. INTEREST CALCULATION ON COVERED LOANS. 
(a) DEFINITIONS.—In this section, the terms ‘‘covered loan’’ and 
‘‘eligible recipient’’ have the meanings given the terms in section 
7(a)(36)(A) of the Small Business Act (15 U.S.C. 636(a)(36)(A)). 
(b) CALCULATION.—Section 7(a)(36)(L) of the Small Business 
Act (15 U.S.C. 636(a)(36)(L)) is amended by inserting ‘‘, calculated 
on a non-compounding, non-adjustable basis’’ after ‘‘4 percent’’. 
(c) APPLICABILITY.—The amendment made by subsection (b) 
may apply with respect to a covered loan made before the date 
of enactment of this Act, upon the agreement of the lender and 
the eligible recipient with respect to the covered loan. 
SEC. 340. REIMBURSEMENT FOR PROCESSING. 
(a) REIMBURSEMENT.—Section 7(a)(36)(P) of the Small Business 
Act (15 U.S.C. 636(a)(36)(P)) is amended— 
(1) by amending clause (i) to read as follows: 
‘‘(i) 
IN
GENERAL.—The 
Administrator 
shall 
reimburse a lender authorized to make a covered loan 
as follows: 
‘‘(I) With respect to a covered loan made 
during the period beginning on the date of enact-
ment of this paragraph and ending on the day 
before the date of enactment of the Economic Aid 
to Hard-Hit Small Businesses, Nonprofits, and 
Venues Act, the Administrator shall reimburse 
such a lender at a rate, based on the balance 
of the financing outstanding at the time of 
disbursement of the covered loan, of— 
‘‘(aa) 5 percent for loans of not more than 
$350,000; 
‘‘(bb) 3 percent for loans of more than 
$350,000 and less than $2,000,000; and 
‘‘(cc) 1 percent for loans of not less than 
$2,000,000. 
‘‘(II) With respect to a covered loan made on 
or after the date of enactment of the Economic 
Aid to Hard-Hit Small Businesses, Nonprofits, and 
Venues Act, the Administrator shall reimburse 
such a lender— 
‘‘(aa) for a covered loan of not more than 
$50,000, in an amount equal to the lesser of— 
‘‘(AA) 50 percent of the balance of the 
financing outstanding at the time of 
disbursement of the covered loan; or 
‘‘(BB) $2,500; and 
‘‘(bb) at a rate, based on the balance of 
the financing outstanding at the time of 
disbursement of the covered loan, of— 
‘‘(AA) 5 percent for a covered loan 
of more than $50,000 and not more than 
$350,000; 
‘‘(BB) 3 percent for a covered loan 
of more than $350,000 and less than 
$2,000,000; and
H. R. 133—869 
‘‘(CC) 1 percent for a covered loan 
of not less than $2,000,000.’’; and 
(2) by amending clause (iii) to read as follows: 
‘‘(iii) TIMING.—A reimbursement described in 
clause (i) shall be made not later than 5 days after 
the reported disbursement of the covered loan and 
may not be required to be repaid by a lender unless 
the lender is found guilty of an act of fraud in connec-
tion with the covered loan.’’. 
(b) FEE LIMITS.— 
(1) IN GENERAL.—Section 7(a)(36)(P)(ii) of the Small Busi-
ness Act (15 U.S.C. 636(a)(36)(P)(ii)) is amended by adding 
at the end the following: ‘‘If an eligible recipient has knowingly 
retained an agent, such fees shall be paid by the eligible 
recipient and may not be paid out of the proceeds of a covered 
loan. A lender shall only be responsible for paying fees to 
an agent for services for which the lender directly contracts 
with the agent.’’. 
(2) EFFECTIVE DATE; APPLICABILITY.—The amendment made 
by paragraph (1) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281) and shall apply to 
any loan made pursuant to section 7(a)(36) of the Small Busi-
ness Act (15 U.S.C. 636(a)(36)) before, on, or after the date 
of enactment of this Act, including forgiveness of such a loan. 
SEC. 341. DUPLICATION REQUIREMENTS FOR ECONOMIC INJURY DIS-
ASTER LOAN RECIPIENTS. 
Section 7(a)(36)(Q) of the Small Business Act (15 U.S.C. 
636(a)(36)(Q)) is amended by striking ‘‘during the period beginning 
on January 31, 2020, and ending on the date on which covered 
loans are made available’’. 
SEC. 342. PROHIBITION OF ELIGIBILITY FOR PUBLICLY-TRADED 
COMPANIES. 
Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) 
is amended— 
(1) in subparagraph (A), as amended by section 318 of 
this Act, by adding at the end the following: 
‘‘(xvi) the terms ‘exchange’, ‘issuer’, and ‘security’ 
have the meanings given those terms in section 3(a) 
of the Securities Exchange Act of 1934 (15 U.S.C. 
78c(a)).’’; and 
(2) in subparagraph (D), as amended by section 318 of 
this Act by adding at the end the following: 
‘‘(viii) INELIGIBILITY
OF
PUBLICLY-TRADED
ENTI-
TIES.—Notwithstanding any other provision of this 
paragraph, on and after the date of enactment of the 
Economic Aid to Hard-Hit Small Businesses, Non-
profits, and Venues Act, an entity that is an issuer, 
the securities of which are listed on an exchange reg-
istered as a national securities exchange under section 
6 of the Securities Exchange Act of 1934 (15 U.S.C. 
78f), shall be ineligible to receive a covered loan under 
this paragraph.’’.
H. R. 133—870 
SEC. 343. COVERED PERIOD FOR NEW PARAGRAPH (36) LOANS. 
(a) IN GENERAL.—Section 7(a)(36)(A)(iii) of the Small Business 
Act (15 U.S.C. 636(a)(36)(A)(iii)) is amended by striking ‘‘December 
31, 2020’’ and inserting ‘‘March 31, 2021’’. 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendment made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281) and shall apply to any 
loan made pursuant to section 7(a)(36) of the Small Business Act 
(15 U.S.C. 636(a)(36)) before, on, or after the date of enactment 
of this Act, including forgiveness of such a loan. 
SEC. 344. APPLICABLE PERIODS FOR PRORATION. 
Section 7(a)(36)(A)(viii) of the Small Business Act (15 U.S.C. 
636(a)(36)(A)(viii)) is amended— 
(1) in subclause (I)(bb), by striking ‘‘in 1 year, as prorated 
for the covered period’’ and inserting ‘‘on an annualized basis, 
as prorated for the period during which the payments are 
made or the obligation to make the payments is incurred’’; 
and 
(2) in subclause (II)— 
(A) in item (aa), by striking ‘‘an annual salary of 
$100,000, as prorated for the covered period’’ and inserting 
‘‘ $100,000 on an annualized basis, as prorated for the 
period during which the compensation is paid or the obliga-
tion to pay the compensation is incurred’’; and 
(B) in item (bb), by striking ‘‘covered’’ and inserting 
‘‘applicable’’. 
SEC. 345. EXTENSION OF WAIVER OF MATCHING FUNDS REQUIREMENT 
UNDER THE WOMEN’S BUSINESS CENTER PROGRAM. 
(a) IN GENERAL.—Section 1105 of the CARES Act (15 U.S.C. 
9004) is amended by striking ‘‘the 3-month period beginning on 
the date of enactment of this Act’’ and inserting ‘‘the period begin-
ning on the date of enactment of this Act and ending on June 
30, 2021’’. 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendment made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281). 
SEC. 346. CLARIFICATION OF USE OF CARES ACT FUNDS FOR SMALL 
BUSINESS DEVELOPMENT CENTERS. 
(a) IN GENERAL.—Section 1103(b)(3)(A) of the CARES Act (15 
U.S.C. 9002(b)(3)(A)) is amended— 
(1) by striking ‘‘The Administration’’ and inserting the fol-
lowing: 
‘‘(i) IN GENERAL.—The Administration’’; and 
(2) by adding at the end the following: 
‘‘(ii) CLARIFICATION OF USE.—Awards made under 
clause (i) shall be in addition to, and separate from, 
any amounts appropriated to make grants under sec-
tion 21(a) of the Small Business Act (15 U.S.C. 648(a)) 
and such an award may be used to complement and 
support such a grant, except that priority with respect 
to the receipt of that assistance shall be given to small 
business development centers that have been affected 
by issues described in paragraph (2).’’.
H. R. 133—871 
(b) EFFECTIVE DATE; APPLICABILITY.—The amendments made 
by subsection (a) shall be effective as if included in the CARES 
Act (Public Law 116–136; 134 Stat. 281). 
SEC. 347. GAO REPORT. 
Not later than 120 days after the date of enactment of this 
Act, the Comptroller General of the United States shall submit 
to the Committee on Small Business and Entrepreneurship of the 
Senate and the Committee on Small Business of the House of 
Representatives a report regarding the use by the Administration 
of funds made available to the Administration through supple-
mental appropriations in fiscal year 2020, the purpose of which 
was for administrative expenses. 
SEC. 348. EFFECTIVE DATE; APPLICABILITY. 
Except as otherwise provided in this Act, this Act and the 
amendments made by this Act shall take effect on the date of 
enactment of this Act and apply to loans and grants made on 
or after the date of enactment of this Act. 
TITLE IV—TRANSPORTATION 
Subtitle A—Airline Worker Support 
Extension 
SEC. 401. DEFINITIONS. 
Unless otherwise specified, the definitions in section 40102(a) 
of title 49, United States Code, shall apply to this subtitle, except 
that in this subtitle— 
(1) the term ‘‘catering functions’’ means preparation, 
assembly, or both, of food, beverages, provisions and related 
supplies for delivery, and the delivery of such items, directly 
to aircraft or to a location on or near airport property for 
subsequent delivery to aircraft; 
(2) the term ‘‘contractor’’ means— 
(A) a person that performs, under contract with a 
passenger air carrier conducting operations under part 121 
of title 14, Code of Federal Regulations— 
(i) catering functions; or 
(ii) functions on the property of an airport that 
are directly related to the air transportation of persons, 
property, or mail, including, but not limited to, the 
loading and unloading of property on aircraft, assist-
ance to passengers under part 382 of title 14, Code 
of Federal Regulations, security, airport ticketing and 
check-in functions, ground-handling of aircraft, or air-
craft cleaning and sanitization functions and waste 
removal; or 
(B) a subcontractor that performs such functions; 
(3) the term ‘‘employee’’ means an individual, other than 
a corporate officer, who is employed by an air carrier or a 
contractor; 
(4) the term ‘‘recall’’ means the dispatch of a notice by 
a passenger air carrier or a contractor, via mail, courier, or 
electronic mail, to an involuntarily furloughed employee noti-
fying the employee that—
H. R. 133—872 
(A) the employee must, within a specified period of 
time, elect either— 
(i) to return to employment or bypass return to 
employment, in accordance with an applicable collec-
tive bargaining agreement or, in the absence of a collec-
tive bargaining agreement, company policy; or 
(ii) to permanently separate from employment with 
the passenger air carrier or contractor; and 
(B) failure to respond within such time period specified 
shall be considered an election under subparagraph (A)(ii); 
(5) the term ‘‘returning employee’’ means an involuntarily 
furloughed employee who has elected to return to employment 
pursuant to a recall notice; and 
(6) the term ‘‘Secretary’’ means the Secretary of the 
Treasury. 
SEC. 402. PANDEMIC RELIEF FOR AVIATION WORKERS. 
(a) FINANCIAL ASSISTANCE FOR EMPLOYEE WAGES, SALARIES, 
AND BENEFITS.—Notwithstanding any other provision of law, to 
preserve aviation jobs and compensate air carrier industry workers, 
the Secretary shall provide financial assistance that shall exclu-
sively be used for the continuation of payment of employee wages, 
salaries, and benefits to— 
(1) passenger air carriers, in an aggregate amount up to 
$15,000,000,000; and 
(2) 
contractors, 
in 
an 
aggregate 
amount 
up 
to 
$1,000,000,000. 
(b) ADMINISTRATIVE EXPENSES.—Notwithstanding any other 
provision of law, the Secretary may use funds made available under 
section 4112(b) of the CARES Act (15 U.S.C. 9072(b)) for costs 
and administrative expenses associated with providing financial 
assistance under this subtitle. 
SEC. 403. PROCEDURES FOR PROVIDING PAYROLL SUPPORT. 
(a) AWARDABLE AMOUNTS.—The Secretary shall provide finan-
cial assistance under this subtitle— 
(1) to a passenger air carrier required to file reports pursu-
ant to part 241 of title 14, Code of Federal Regulations, as 
of March 27, 2020, in an amount equal to— 
(A) the amount such air carrier was approved to receive 
(without taking into account any pro rata reduction) under 
section 4113 of the CARES Act (15 U.S.C. 9073); or 
(B) at the request of such air carrier, or in the event 
such air carrier did not receive assistance under section 
4113 of the CARES Act (15 U.S.C. 9073), the amount 
of the salaries and benefits reported by the air carrier 
to the Department of Transportation pursuant to such part 
241, for the period from October 1, 2019, through March 
31, 2020; 
(2) to a passenger air carrier that was not required to 
transmit reports under such part 241, as of March 27, 2020, 
in an amount equal to— 
(A) the amount such air carrier was approved to receive 
(without taking into account any pro rata reduction) under 
section 4113 of the CARES Act (15 U.S.C. 9073), plus 
an additional 15 percent of such amount;
H. R. 133—873 
(B) at the request of such air carrier, provided such 
air carrier received assistance under section 4113 of the 
CARES Act (15 U.S.C. 9073), the sum of— 
(i) the amount that such air carrier certifies, using 
sworn financial statements or other appropriate data, 
as the amount of total salaries and related fringe bene-
fits that such air carrier incurred and would be 
required to be reported to the Department of Transpor-
tation pursuant to such part 241, if such air carrier 
was required to transmit such information during the 
period from April 1, 2019, through September 30, 2019; 
and 
(ii) an additional amount equal to the difference 
between the amount certified under clause (i) and the 
amount the air carrier received under section 4113 
of the CARES Act (15 U.S.C. 9073); or 
(C) in the event such air carrier did not receive assist-
ance under section 4113 of the CARES Act (15 U.S.C. 
9073), an amount that such an air carrier certifies, using 
sworn financial statements or other appropriate data, as 
the amount of total salaries and related fringe benefits 
that such air carrier incurred and would be required to 
be reported to the Department of Transportation pursuant 
to such part 241, if such air carrier was required to 
transmit such information during the period from October 
1, 2019, through March 31, 2020; and 
(3) to a contractor in an amount equal to— 
(A) the amount such contractor was approved to receive 
(without taking into account any pro rata reduction) under 
section 4113 of the CARES Act (15 U.S.C. 9073); or 
(B) in the event such contractor did not receive assist-
ance under section 4113 of the CARES Act (15 U.S.C. 
9073), an amount that the contractor certifies, using sworn 
financial statements or other appropriate data, as the 
amount of wages, salaries, benefits, and other compensation 
that such contractor paid the employees of such contractor 
during the period from October 1, 2019, through March 
31, 2020. 
(b) DEADLINES AND PROCEDURES.— 
(1) IN GENERAL.— 
(A) FORMS; TERMS AND CONDITIONS.—Financial assist-
ance provided to a passenger air carrier or contractor under 
this subtitle shall— 
(i) be, to the maximum extent practicable, in the 
same form and on the same terms and conditions 
(including requirements for audits and the clawback 
of any financial assistance provided upon failure by 
a passenger air carrier or contractor to honor the assur-
ances specified in section 404), as agreed to by the 
Secretary and the recipient for assistance received 
under section 4113 of the CARES Act (15 U.S.C. 9073), 
except if inconsistent with this subtitle; or 
(ii) in the event such a passenger air carrier or 
a contractor did not receive assistance under section 
4113 of the CARES Act (15 U.S.C. 9073), be, to the 
maximum extent practicable, in the same form and
H. R. 133—874 
on the same terms and conditions (including require-
ments for audits and the clawback of any financial 
assistance provided upon failure by a passenger air 
carrier or contractor to honor the assurances specified 
in section 404), as agreed to by the Secretary and 
similarly situated recipients of assistance under such 
section 4113. 
(B) PROCEDURES.—The Secretary shall, to the max-
imum extent practicable, publish streamlined and expe-
dited procedures not later than 5 days after the date of 
enactment of this subtitle for passenger air carriers and 
contractors to submit requests for financial assistance 
under this subtitle. 
(2) DEADLINE FOR IMMEDIATE PAYROLL ASSISTANCE.—Not 
later than 10 days after the date of enactment of this subtitle, 
the Secretary shall make initial payments to passenger air 
carriers and contractors that submit requests for financial 
assistance approved by the Secretary. 
(3) SUBSEQUENT PAYMENTS.—The Secretary shall determine 
an appropriate method for the timely distribution of payments 
to passenger air carriers and contractors with approved 
requests for financial assistance from any funds remaining 
available after providing initial financial assistance payments 
under paragraph (2). 
(c) PRO RATA REDUCTIONS.—The Secretary shall have the 
authority to reduce, on a pro rata basis, the amounts due to pas-
senger air carriers and contractors under subsection (a) in order 
to address any shortfall in assistance that would otherwise be 
provided under such subsection. 
(d) AUDITS.—The Inspector General of the Department of the 
Treasury shall audit certifications made under subsection (a). 
SEC. 404. REQUIRED ASSURANCES. 
(a) IN GENERAL.—To be eligible for financial assistance under 
this subtitle, a passenger air carrier or a contractor shall enter 
into an agreement with the Secretary, or otherwise certify in such 
form and manner as the Secretary shall prescribe, that the pas-
senger air carrier or contractor shall— 
(1) refrain from conducting involuntary furloughs or 
reducing pay rates and benefits until— 
(A) with respect to passenger air carriers, March 31, 
2021; or 
(B) with respect to contractors, March 31, 2021, or 
the date on which the contractor expends such financial 
assistance, whichever is later; 
(2) ensure that neither the passenger air carrier or con-
tractor nor any affiliate of the passenger air carrier or con-
tractor may, in any transaction, purchase an equity security 
of the passenger air carrier or contractor or the parent company 
of the passenger air carrier or contractor that is listed on 
a national securities exchange through— 
(A) with respect to passenger air carriers, March 31, 
2022; or 
(B) with respect to contractors, March 31, 2022, or 
the date on which the contractor expends such financial 
assistance, whichever is later;
H. R. 133—875 
(3) ensure that the passenger air carrier or contractor 
shall not pay dividends, or make other capital distributions, 
with respect to common stock (or equivalent interest) of the 
air carrier or contractor through— 
(A) with respect to passenger air carriers, March 31, 
2022; or 
(B) with respect to contractors, March 31, 2022, or 
the date on which the contractor expends such financial 
assistance, whichever is later; and 
(4) meet the requirements of sections 405 and 406. 
(b) RECALLS
OF EMPLOYEES.—An agreement or certification 
under this section shall require a passenger air carrier or contractor 
to perform the following actions: 
(1) In the case of a passenger air carrier or contractor 
that received financial assistance under title IV of the CARES 
Act— 
(A) recall (as defined in section 401), not later than 
72 hours after executing such agreement or certification, 
any employees involuntarily furloughed by such passenger 
air carrier or contractor between October 1, 2020, and 
the date such passenger air carrier or contractor enters 
into an agreement with the Secretary with respect to finan-
cial assistance under this subtitle; 
(B) compensate returning employees for lost pay and 
benefits (offset by any amounts received by the employee 
from a passenger air carrier or contractor as a result of 
the employee’s furlough, including, but not limited to, fur-
lough pay, severance pay, or separation pay) between— 
(i) in the case of a passenger air carrier, December 
1, 2020, and the date on which such passenger air 
carrier enters into an agreement with the Secretary 
with respect to financial assistance under this subtitle; 
or 
(ii) in the case of a contractor, the date of enact-
ment of this subtitle and the date on which such con-
tractor enters into an agreement with the Secretary 
with respect to financial assistance under this subtitle; 
and 
(C) restore the rights and protections for such 
returning employees as if such employees had not been 
involuntarily furloughed. 
(2) In the case of a passenger air carrier or contractor 
that did not receive financial assistance under title IV of the 
CARES Act to— 
(A) recall (as defined in section 401), within 72 hours 
after executing such agreement or certification, any 
employees involuntarily furloughed by such passenger air 
carrier or contractor between March 27, 2020, and the 
date such passenger air carrier or contractor enters into 
an agreement with the Secretary for financial assistance 
under this subtitle; 
(B) compensate returning employees under this para-
graph for lost pay and benefits (offset by any amounts 
received by the employee from a passenger air carrier 
or contractor as a result of the employee’s furlough, 
including, but not limited to, furlough pay, severance pay, 
or separation pay) between—
H. R. 133—876 
(i) in the case of a passenger air carrier, December 
1, 2020, and the date such passenger air carrier enters 
into an agreement with the Secretary for financial 
assistance under this subtitle; or 
(ii) in the case of a contractor, the date of enact-
ment of this subtitle and the date on which such con-
tractor enters into an agreement with the Secretary 
with respect to financial assistance under this subtitle; 
and 
(C) restore the rights and protections for such 
returning employees as if such employees had not been 
involuntarily furloughed. 
SEC. 405. PROTECTION OF COLLECTIVE BARGAINING AGREEMENTS. 
(a) IN GENERAL.—Neither the Secretary, nor any other actor, 
department, or agency of the Federal Government, shall condition 
the issuance of financial assistance under this subtitle on a pas-
senger air carrier’s or contractor’s implementation of measures to 
enter into negotiations with the certified bargaining representative 
of a craft or class of employees of the passenger air carrier or 
contractor under the Railway Labor Act (45 U.S.C. 151 et seq.) 
or the National Labor Relations Act (29 U.S.C. 151 et seq.), 
regarding pay or other terms and conditions of employment. 
(b) PASSENGER AIR CARRIER PERIOD OF EFFECT.—With respect 
to any passenger air carrier to which financial assistance is provided 
under this subtitle, this section shall be in effect with respect 
to the passenger air carrier for the period beginning on the date 
on which the passenger air carrier is first issued such financial 
assistance and ending on March 31, 2021. 
(c) CONTRACTOR PERIOD OF EFFECT.—With respect to any con-
tractor to which financial assistance is provided under this subtitle, 
this section shall be in effect with respect to the contractor begin-
ning on the date on which the contractor is first issued such 
financial assistance and ending on March 31, 2021, or until the 
date on which all funds are expended, whichever is later. 
SEC. 406. LIMITATION ON CERTAIN EMPLOYEE COMPENSATION. 
(a) IN GENERAL.—The Secretary may only provide financial 
assistance under this subtitle to a passenger air carrier or contractor 
after such carrier or contractor enters into an agreement with 
the Secretary that provides that, during the 2-year period beginning 
October 1, 2020, and ending October 1, 2022— 
(1) no officer or employee of the passenger air carrier 
or contractor whose total compensation exceeded $425,000 in 
calendar year 2019 (other than an employee whose compensa-
tion is determined through an existing collective bargaining 
agreement entered into prior to the date of enactment of this 
subtitle) will receive from the passenger air carrier or con-
tractor— 
(A) total compensation that exceeds, during any 12 
consecutive months of such 2-year period, the total com-
pensation received by the officer or employee from the 
passenger air carrier or contractor in calendar year 2019; 
or 
(B) severance pay or other benefits upon termination 
of employment with the passenger air carrier or contractor 
which exceeds twice the maximum total compensation
H. R. 133—877 
received by the officer or employee from the passenger 
air carrier or contractor in calendar year 2019; and 
(2) no officer or employee of the passenger air carrier 
or contractor whose total compensation exceeded $3,000,000 
in calendar year 2019 may receive during any 12 consecutive 
months of such period total compensation in excess of the 
sum of— 
(A) $3,000,000; and 
(B) 50 percent of the excess over $3,000,000 of the 
total compensation received by the officer or employee from 
the passenger air carrier or contractor in calendar year 
2019. 
(b) TOTAL COMPENSATION DEFINED.—In this section, the term 
‘‘total compensation’’ includes salary, bonuses, awards of stock, and 
other financial benefits provided by a passenger air carrier or 
contractor to an officer or employee of the passenger air carrier 
or contractor. 
SEC. 407. MINIMUM AIR SERVICE GUARANTEES. 
(a) IN GENERAL.—The Secretary of Transportation is authorized 
to require, to the extent reasonable and practicable, an air carrier 
provided financial assistance under this subtitle to maintain sched-
uled air transportation, as the Secretary of Transportation deter-
mines necessary, to ensure services to any point served by that 
air carrier before March 1, 2020. 
(b) REQUIRED CONSIDERATIONS.—When considering whether to 
exercise the authority provided by this section, the Secretary of 
Transportation shall take into consideration the air transportation 
needs of small and remote communities, the need to maintain 
well-functioning health care supply chains, including medical 
devices and supplies, and pharmaceutical supply chains. 
(c) SUNSET.—The authority provided under this section shall 
terminate on March 1, 2022, and any requirements issued by the 
Secretary of Transportation under this section shall cease to apply 
after that date. 
(d) SENSE OF CONGRESS.—It is the sense of Congress that, 
when implementing this section, the Secretary of Transportation 
should take into consideration the following: 
(1) A number of airports and communities have lost air 
service as a result of consolidated operations by covered air 
carriers, as permitted by the Department of Transportation, 
including smaller airports that are located near larger airports. 
(2) Airports covering common points, as determined by 
the Department of Transportation, do not align with the 
grouping commonly used by many air carriers, other Federal 
agencies, and distribution channels used by consumers to pur-
chase air travel. 
(3) The demographic, geographic, economic, and other 
characteristics of an area and affected communities when deter-
mining whether consolidated operations at a single airport effec-
tively serve the needs of the point. 
(4) Maintaining a robust air transportation system, 
including maintaining air service to airports throughout the 
United States, plays an important role in the effective distribu-
tion of a coronavirus vaccine.
H. R. 133—878 
(5) The objections from community respondents on whether 
a specific airport should or should not be included in a consoli-
dated point, including those objections noting the importance 
of the required considerations set forth in subsection (b). 
SEC. 408. TAXPAYER PROTECTION. 
(a) CARES ACT ASSISTANCE RECIPIENTS.—With respect to a 
recipient of financial assistance under section 4113 of the CARES 
Act (15 U.S.C. 9073) that receives financial assistance under this 
subtitle, the Secretary may receive warrants, options, preferred 
stock, debt securities, notes, or other financial instruments issued 
by such recipient that are, to the maximum extent practicable, 
in the same form and amount, and under the same terms and 
conditions, as agreed to by the Secretary and such recipient to 
provide appropriate compensation to the Federal Government for 
the provision of the financial assistance under this subtitle. 
(b) OTHER APPLICANTS.—With respect to a recipient of financial 
assistance under this subtitle that did not receive financial assist-
ance under section 4113 of the CARES Act (15 U.S.C. 9073), the 
Secretary may receive warrants, options, preferred stock, debt secu-
rities, notes, or other financial instruments issued by such recipient 
in a form and amount that are, to the maximum extent practicable, 
under the same terms and conditions as agreed to by the Secretary 
and similarly situated recipients of financial assistance under such 
section to provide appropriate compensation to the Federal Govern-
ment for the provision of the financial assistance under this subtitle. 
SEC. 409. REPORTS. 
(a) REPORT.—Not later than May 1, 2021, the Secretary shall 
submit to the Committee on Transportation and Infrastructure 
and the Committee on Financial Services of the House of Represent-
atives and the Committee on Commerce, Science, and Transpor-
tation and the Committee on Banking, Housing, and Urban Affairs 
of the Senate a report on the financial assistance provided to 
passenger air carriers and contractors under this subtitle, that 
includes— 
(1) a description of any financial assistance provided to 
passenger air carriers under this subtitle; 
(2) any audits of passenger air carriers or contractors 
receiving financial assistance under this subtitle; 
(3) any reports filed by passenger air carriers or contractors 
receiving financial assistance under this subtitle; 
(4) any instances of non-compliance by passenger air car-
riers or contractors receiving financial assistance under this 
subtitle with the requirements of this subtitle or agreements 
entered into with the Secretary to receive such financial assist-
ance; and 
(5) information relating to any clawback of any financial 
assistance provided to passenger air carriers or contractors 
under this subtitle. 
(b) INTERNET UPDATES.—The Secretary shall update the website 
of the Department of the Treasury, at minimum, on a weekly 
basis as necessary to reflect new or revised distributions of financial 
assistance under this subtitle with respect to each passenger air 
carrier or contractor that receives such assistance, the identification 
of any applicant that applied for financial assistance under this 
subtitle, and the date of application for such assistance.
H. R. 133—879 
(c) SUPPLEMENTAL UPDATE.—Not later than the last day of 
the 1-year period following the date of enactment of this subtitle, 
the Secretary shall update and submit to the Committee on 
Transportation and Infrastructure and the Committee on Financial 
Services of the House of Representatives and the Committee on 
Commerce, Science, and Transportation and the Committee on 
Banking, Housing, and Urban Affairs of the Senate, the report 
submitted under subsection (a). 
(d) PROTECTION OF CERTAIN DATA.—The Secretary may with-
hold information that would otherwise be required to be made 
available under this section only if the Secretary determines to 
withhold the information in accordance with section 552 of title 
5, United States Code. 
SEC. 410. COORDINATION. 
In implementing this subtitle, the Secretary shall coordinate 
with the Secretary of Transportation. 
SEC. 411. FUNDING. 
There is appropriated, out of amounts in the Treasury not 
otherwise appropriated, $16,000,000,000 to carry out this subtitle, 
to remain available until expended. 
SEC. 412. CARES ACT AMENDMENTS. 
(a) CONTINUED APPLICATION OF REQUIRED ASSURANCES.—Sec-
tion 4114 of the CARES Act (15 U.S.C. 9074) is amended by adding 
at the end the following new subsections: 
‘‘(c) CONTINUED APPLICATION.— 
‘‘(1) IN GENERAL.—If, after the date of enactment of this 
subsection, a contractor expends any funds made available 
pursuant to section 4112 and distributed pursuant to section 
4113, the assurances in paragraphs (1) through (3) of subsection 
(a) shall continue to apply until the dates included in such 
paragraphs, or the date on which the contractor fully expends 
such financial assistance, whichever is later. 
‘‘(2) SPECIAL RULE.—Not later than April 5, 2021, each 
contractor described in section 4111(3)(A)(i) that has received 
funds pursuant to such section 4112 shall report to the Sec-
retary on the amount of such funds that the contractor has 
expended through March 31, 2021. If the contractor has 
expended an amount that is less than 100 percent of the total 
amount of funds the contractor received under such section, 
the Secretary shall initiate an action to recover any funds 
that remain unexpended as of April 30, 2021. 
‘‘(d) RECALL OF EMPLOYEES.— 
‘‘(1) IN GENERAL.—Subject to paragraph (2), any contractor 
that has unspent financial assistance provided under this sub-
title as of the date of enactment of this subsection and con-
ducted involuntary furloughs or reduced pay rates and benefits, 
between March 27, 2020, and the date on which the contractor 
entered into an agreement with the Secretary related to finan-
cial assistance under this subtitle, shall recall (as defined in 
section 4111) employees who were involuntarily furloughed 
during such period by not later than January 4, 2021. 
‘‘(2) WAIVER.—The Secretary of the Treasury shall waive 
the requirement under paragraph (1) for a contractor to recall 
employees if the contractor certifies that the contractor has 
or will have insufficient remaining financial assistance provided
H. R. 133—880 
under this subtitle to keep recalled employees employed for 
more than two weeks upon returning to work. 
‘‘(3) AUDITS.—The Inspector General of the Department 
of the Treasury shall audit certifications made under paragraph 
(2).’’. 
(b) DEFINITION OF RECALL.—Section 4111 of the CARES Act 
(15 U.S.C. 9071) is amended— 
(1) in paragraph (4) by striking ‘‘and’’ at the end; 
(2) by redesignating paragraph (5) as paragraph (6); and 
(3) by inserting after paragraph (4) the following: 
‘‘(5) the term ‘recall’ means the dispatch of a notice by 
a contractor, via mail, courier, or electronic mail, to an involun-
tarily furloughed employee notifying the employee that— 
‘‘(A) the employee must, within a specified period of 
time that is not less than 14 days, elect either— 
‘‘(i) to return to employment or bypass return to 
employment in accordance with an applicable collective 
bargaining agreement or, in the absence of a collective 
bargaining agreement, company policy; or 
‘‘(ii) to permanently separate from employment 
with the contractor; and 
‘‘(B) failure to respond within such time period specified 
will be deemed to be an election under subparagraph (A)(ii); 
and’’. 
(c) DEFINITION
OF
BUSINESSES
CRITICAL
TO
MAINTAINING 
NATIONAL SECURITY.—Section 4002 of the CARES Act (15 U.S.C. 
9041) is amended by adding at the end the following: 
‘‘(11) 
AEROSPACE-RELATED
BUSINESSES
CRITICAL
TO 
MAINTAINING NATIONAL SECURITY.—The term ‘businesses crit-
ical to maintaining national security’ means those businesses 
that manufacture or produce aerospace-related products, civil 
or defense, including those that design, integrate, assemble, 
supply, maintain, and repair such products, and other 
businesses involved in aerospace-related manufacturing or 
production as further defined by the Secretary, in consultation 
with the Secretary of Defense and the Secretary of Transpor-
tation. For purposes of the preceding sentence, aerospace- 
related products include, but are not limited to, components, 
parts, or systems of aircraft, aircraft engines, or appliances 
for inclusion in an aircraft, aircraft engine, or appliance.’’. 
Subtitle B—Coronavirus Economic Relief 
for Transportation Services Act 
SEC. 420. SHORT TITLE. 
This subtitle may be cited as the ‘‘Coronavirus Economic Relief 
for Transportation Services Act’’. 
SEC. 421. ASSISTANCE FOR PROVIDERS OF TRANSPORTATION SERV-
ICES AFFECTED BY COVID–19. 
(a) DEFINITIONS.—In this section: 
(1) COVERED
PERIOD.—The term ‘‘covered period’’, with 
respect to a provider of transportation services, means the 
period— 
(A) beginning on the date of enactment of this Act; 
and
H. R. 133—881 
(B) ending on the later of— 
(i) March 31, 2021; or 
(ii) the date on which all funds provided to the 
provider of transportation services under subsection 
(c) are expended. 
(2) 
COVID–19.—The 
term 
‘‘COVID–19’’ 
means 
the 
Coronavirus Disease 2019. 
(3) PAYROLL COSTS.— 
(A) IN GENERAL.—The term ‘‘payroll costs’’ means— 
(i) any payment to an employee of compensation 
in the form of— 
(I) salary, wage, commission, or similar com-
pensation; 
(II) payment of a cash tip or an equivalent; 
(III) payment for vacation, parental, family, 
medical, or sick leave; 
(IV) payment required for the provision of 
group health care or other group insurance bene-
fits, including insurance premiums; 
(V) payment of a retirement benefit; 
(VI) payment of a State or local tax assessed 
on employees with respect to compensation; or 
(VII) paid administrative leave; and 
(ii) any payment of compensation to, or income 
of, a sole proprietor or independent contractor— 
(I) that is— 
(aa) a wage; 
(bb) a commission; 
(cc) income; 
(dd) net earnings from self-employment; 
or 
(ee) similar compensation; and 
(II) in an amount equal to not more than 
$100,000 during 1 calendar year, as prorated for 
the covered period. 
(B) EXCLUSIONS.—The term ‘‘payroll costs’’ does not 
include— 
(i) any compensation of an individual employee 
in excess of an annual salary of $100,000, as prorated 
for the covered period; 
(ii) any tax imposed or withheld under chapter 
21, 22, or 24 of the Internal Revenue Code of 1986 
during the covered period; 
(iii) any compensation of an employee whose prin-
cipal place of residence is outside the United States; 
(iv) any qualified sick leave wages for which a 
credit is allowed under section 7001 of the Families 
First Coronavirus Response Act (26 U.S.C. 3111 note; 
Public Law 116–127); 
(v) any qualified family leave wages for which 
a credit is allowed under section 7003 of that Act 
(26 U.S.C. 3111 note; Public Law 116–127); or 
(vi) any bonus, raise in excess of inflation, or other 
form of additional employee compensation. 
(4) PROVIDER
OF
TRANSPORTATION
SERVICES.—The term 
‘‘provider of transportation services’’ means an entity that— 
(A) is established or organized—
H. R. 133—882 
(i) in the United States; or 
(ii) pursuant to Federal law; 
(B) has significant operations, and a majority of 
employees based, in the United States; 
(C) was in operation on March 1, 2020; and 
(D) is the operator of— 
(i) a vessel of the United States (as defined in 
section 116 of title 46, United States Code) that is— 
(I) a passenger vessel (as defined in section 
2101 of that title) carrying fewer than 2,400 pas-
sengers; 
(II) a small passenger vessel (as defined in 
section 2101 of that title); or 
(III) a vessel providing pilotage services and 
regulated by a State in accordance with chapter 
85 of that title; 
(ii) a company providing transportation services 
using a bus characterized by an elevated passenger 
deck located over a baggage compartment (commonly 
known as an ‘‘over-the-road bus’’), including local and 
intercity fixed-route service, commuter service, and 
charter or tour service (including tour or excursion 
service that includes features in addition to bus 
transportation, such as meals, lodging, admission to 
points of interest or special attractions, or the services 
of a guide); 
(iii) a company providing transportation services 
using a school bus (as defined in section 571.3 of title 
49, Code of Federal Regulations (or successor regula-
tions)); or 
(iv) any other passenger transportation service 
company subject to regulation by the Department of 
Transportation as the Secretary, in consultation with 
the Secretary of Transportation, determines to be 
appropriate. 
(5) SECRETARY.—The term ‘‘Secretary’’ means the Secretary 
of the Treasury. 
(b) FUNDING.—Out of any funds in the Treasury not otherwise 
appropriated, there are appropriated to provide grants to eligible 
providers 
of 
transportation 
services 
under 
this 
section, 
$2,000,000,000 for fiscal year 2021, to remain available until 
expended. 
(c) PROVISION OF ASSISTANCE.— 
(1) IN GENERAL.—The Secretary, in consultation with the 
Secretary of Transportation, shall use the amounts made avail-
able under subsection (b) to provide grants to eligible providers 
of transportation services described in paragraph (2) that certify 
to the Secretary that the providers of transportation services 
have experienced a revenue loss of 25 percent or more, on 
an annual basis, as a direct or indirect result of COVID– 
19. 
(2) DESCRIPTION
OF
ELIGIBLE
PROVIDERS
OF
TRANSPOR-
TATION SERVICES.— 
(A) IN GENERAL.—An eligible provider of transportation 
services referred to in paragraph (1) is— 
(i) a provider of transportation services that, on 
March 1, 2020—
H. R. 133—883 
(I) had 500 or fewer full-time, part-time, or 
temporary employees; and 
(II) was not a subsidiary, parent, or affiliate 
of any other entity with a combined total workforce 
of more than 500 full-time, part-time, or temporary 
employees; or 
(ii) a provider of transportation services that— 
(I) on March 1, 2020, had more than 500 full- 
time, part-time, or temporary employees; and 
(II) has not received assistance under para-
graph (1), (2), or (3) of section 4003(b), or subtitle 
B of title IV of division A, of the Coronavirus 
Aid, Relief, and Economic Security Act (Public Law 
116–136; 134 Stat. 281). 
(B) SCOPE OF ELIGIBILITY FOR CERTAIN COMPANIES.— 
(i) IN GENERAL.—A provider of transportation serv-
ices that has entered into or maintains a contract 
or agreement described in clause (ii) shall not be deter-
mined to be ineligible for assistance under this sub-
section on the basis of that contract or agreement, 
subject to clause (iv). 
(ii) CONTRACT OR AGREEMENT DESCRIBED.—A con-
tract or agreement referred to in clause (i) is a contract 
or agreement for transportation services that is sup-
ported by a public entity using funds received under 
the Emergency Appropriations for Coronavirus Health 
Response and Agency Operations (division B of Public 
Law 116–136; 134 Stat. 505). 
(iii) ADJUSTMENT OF ASSISTANCE.—The Secretary 
may reduce the amount of assistance available under 
this subsection to a provider of transportation services 
described in clause (i) based on the amount of funds 
provided under this section or the Emergency Appro-
priations for Coronavirus Health Response and Agency 
Operations (division B of Public Law 116–136; 134 
Stat. 505) that have supported a contract or agreement 
described in clause (ii) to which the provider of 
transportation services is a party. 
(iv) 
NOTICE
REQUIREMENT.—A 
provider 
of 
transportation services that has entered into or main-
tains a contract or agreement described in clause (ii), 
and that applies for assistance under this subsection, 
shall submit to the Secretary a notice describing the 
contract or agreement, including the amount of funds 
provided for the contract or agreement under this sub-
section 
or 
the 
Emergency 
Appropriations 
for 
Coronavirus Health Response and Agency Operations 
(division B of Public Law 116–136; 134 Stat. 505). 
(3) AMOUNT.— 
(A) FACTORS FOR CONSIDERATION.—In determining the 
amount of assistance to be provided to an eligible provider 
of transportation services under this subsection, the Sec-
retary shall take into consideration information provided 
by the provider of transportation services, including— 
(i) the amount of debt owed by the provider of 
transportation services on major equipment, if any;
H. R. 133—884 
(ii) other sources of Federal assistance provided 
to the provider of transportation services, if any; and 
(iii) such other information as the Secretary may 
require. 
(B) LIMITATIONS.— 
(i) AWARD.—The Secretary shall ensure that the 
amount of assistance provided to a provider of 
transportation services under this subsection, when 
combined with any other Federal assistance provided 
in response to COVID–19 under the Coronavirus Aid, 
Relief, and Economic Security Act (Public Law 116– 
136; 134 Stat. 281), the Paycheck Protection Program 
and Health Care Enhancement Act (Public Law 116– 
139; 134 Stat. 620), or any other provision of law, 
does not exceed the total amount of revenue earned 
by the provider of transportation services during cal-
endar year 2019. 
(ii) CERTIFICATION.—A provider of transportation 
services seeking assistance under this subsection shall 
submit to the Secretary— 
(I) documentation describing the total amount 
of revenue earned by the provider of transportation 
services during calendar year 2019; and 
(II) a certification that the amount of assist-
ance sought under this subsection, when combined 
with any other Federal assistance described in 
clause (i), does not exceed the total amount of 
revenue earned by the provider of transportation 
services during calendar year 2019. 
(4) FORM OF ASSISTANCE.—The amounts made available 
under subsection (b) shall be provided to eligible providers 
of transportation services in the form of grants. 
(5) EQUAL
ACCESS.—The Secretary shall ensure equal 
access to the assistance provided under this section to eligible 
providers of transportation services that are small, minority- 
owned, and women-owned businesses. 
(6) CONDITIONS OF RECEIPT.—As a condition of receipt of 
assistance under this subsection, the Secretary shall require 
that a provider of transportation services shall agree— 
(A) subject to paragraph (7)— 
(i) to commence using the funds, on a priority 
basis and to the extent the funds are available, to 
maintain through the applicable covered period, 
expenditures on payroll costs for all employees as of 
the date of enactment of this Act, after making any 
adjustments required for— 
(I) retirement; or 
(II) voluntary employee separation; 
(ii) not to impose, during the covered period— 
(I) any involuntary furlough; or 
(II) any reduction in pay rates or benefits for 
nonexecutive employees; and 
(iii) to recall or rehire any employees laid off, fur-
loughed, or terminated after March 27, 2020, to the 
extent warranted by increased service levels; 
(B) to return to the Secretary any funds received under 
this subsection that are not used by the provider of
H. R. 133—885 
transportation services by the date that is 1 year after 
the date of receipt of the funds; and 
(C) to examine the anticipated expenditure of the funds 
by the provider of transportation services for the purposes 
described in subparagraph (A) not less frequently than 
once every 90 days after the date of receipt of the funds. 
(7) RAMP-UP PERIOD.—The requirement described in para-
graph (6)(A)(iii) shall not apply to a provider of transportation 
services until the later of— 
(A) the date that is 30 days after the date of receipt 
of the funds; and 
(B) the date that is 90 days after the date of enactment 
of this Act. 
(8) ADDITIONAL CONDITIONS OF CERTAIN RECEIPTS.— 
(A) PRIORITIZATION OF PAYROLL COSTS.—As a condition 
of receipt of a grant under this subsection, the Secretary 
shall require that, except as provided in subparagraph 
(B), a provider of transportation services shall agree to 
use an amount equal to not less than 60 percent of the 
funds on payroll costs of the provider of transportation 
services. 
(B) EXCEPTION.—Subparagraph (A) shall not apply to 
a provider of transportation services if the provider of 
transportation services certifies to the Secretary that, after 
making any adjustments required for retirement or vol-
untary employee separation— 
(i) each nonseasonal employee on the payroll of 
the provider of transportation services on January 1, 
2020— 
(I) if laid off, furloughed, or terminated by 
the provider of transportation services as described 
in paragraph (6)(A)(iii), is rehired, or has been 
offered rehire, by the provider of transportation 
services; and 
(II) if rehired under clause (i) or subject to 
a reduction in salary before the date of receipt 
by the provider of transportation services of assist-
ance under this subsection, receives not less than 
100 percent of the previous salary of the employee; 
(ii) the provider of transportation services— 
(I) is staffed at a level of full-time equivalent, 
seasonal employees, on a monthly basis, that is 
greater than or equivalent to the level at which 
the provider of transportation services was staffed 
with full-time equivalent, seasonal employees on 
a monthly basis during calendar year 2019; 
(II) is offering priority in rehiring to seasonal 
employees that were laid off, furloughed, termi-
nated, or not offered rehire in calendar year 2020, 
as the provider of transportation services achieves 
staffing at the level described in subclause (I); 
and 
(III) offers any seasonal employee rehired 
under subclause (II) or subject to a reduction in 
salary before the date of receipt by the provider 
of transportation services of assistance under this
H. R. 133—886 
subsection not less than 100 percent of the pre-
vious salary of the employee; and 
(iii) the provider of transportation services will 
fully cover, through the applicable covered period, all 
payroll costs associated with the staffing requirements 
described in clauses (i) and (ii). 
(9) FORMS; TERMS
AND
CONDITIONS.—A grant provided 
under this section shall be in such form, subject to such terms 
and conditions, and contain such covenants, representations, 
warranties, and requirements (including requirements for 
audits) as the Secretary determines to be appropriate in accord-
ance with this section. 
(d) ELIGIBLE ACTIVITIES.— 
(1) IN GENERAL.—Subject to the priority described in sub-
section (c)(6)(A), a provider of transportation services shall use 
assistance provided under subsection (c) only for— 
(A) the payment of payroll costs; 
(B) the acquisition of services, equipment, including 
personal protective equipment, and other measures needed 
to protect workers and customers from COVID–19; 
(C) continued operations and maintenance during the 
applicable covered period of existing capital equipment and 
facilities— 
(i) including rent, leases, insurance, and interest 
on regularly scheduled debt service; but 
(ii) not including any prepayment of, or payment 
of principal on, a debt obligation, except for any prin-
cipal on a debt obligation accrued by the provider 
of transportation services directly to maintain the 
expenditures of the provider of transportation services 
on payroll costs throughout the COVID–19 pandemic; 
or 
(D) the compensation of returning employees for lost 
pay and benefits during the COVID–19 pandemic, subject 
to subsection (e). 
(2) ELIGIBILITY.—The use of assistance provided under sub-
section (c) for the compensation of returning employees under 
paragraph (1)(D) shall be counted toward the required amount 
of grants to be used on payroll costs under subsection (c)(6)(A). 
(e) COMPENSATION
OF
RETURNING
EMPLOYEES.—Notwith-
standing any other provision of law, any compensation provided 
to a returning employee under subsection (d)(1)(D)— 
(1) shall be offset by— 
(A) any amounts received by the employee from the 
provider of transportation services as a result of the layoff, 
furlough, or termination of the employee or any failure 
to hire the employee for seasonal employment during cal-
endar year 2020, including— 
(i) furlough pay; 
(ii) severance pay; or 
(iii) separation pay; and 
(B) any amounts the employee received from unemploy-
ment insurance; and 
(2) shall not— 
(A) be considered an overpayment for purposes of any 
State or Federal unemployment law; or
H. R. 133—887 
(B) be subject to any overpayment recovery efforts 
by a State agency (as defined in section 205 of the Federal- 
State Extended Unemployment Compensation Act of 1970 
(U.S.C. 3304 note)). 
(f) ADMINISTRATIVE PROVISIONS.— 
(1) IN
GENERAL.—The Secretary may take such actions 
as the Secretary determines to be necessary to carry out this 
section, including— 
(A) using direct hiring authority to hire employees 
to administer this section; 
(B) entering into contracts, including contracts for serv-
ices authorized by this section; and 
(C) issuing such regulations and other guidance as 
may be necessary or appropriate to carry out the purposes 
of this section. 
(2) ADMINISTRATIVE EXPENSES.—Of the funds made avail-
able under this section, not more than $50,000,000 may be 
used by the Secretary for administrative expenses to carry 
out this section. 
(3) AVAILABILITY FOR OBLIGATION.—The funds made avail-
able under this section shall remain available for obligation 
until the date that is 3 years after the date of enactment 
of this Act. 
Subtitle C—Motor Carrier Safety Grant 
Relief Act of 2020 
SEC. 440. SHORT TITLE. 
This subtitle may be cited as the ‘‘Motor Carrier Safety Grant 
Relief Act of 2020’’. 
SEC. 441. RELIEF FOR RECIPIENTS OF FINANCIAL ASSISTANCE 
AWARDS FROM THE FEDERAL MOTOR CARRIER SAFETY 
ADMINISTRATION. 
(a) DEFINITION OF SECRETARY.—In this section, the term ‘‘Sec-
retary’’ means the Secretary of Transportation. 
(b) RELIEF FOR RECIPIENTS OF FINANCIAL ASSISTANCE AWARDED 
FOR FISCAL YEARS 2019 AND 2020.— 
(1) IN GENERAL.—Notwithstanding any provision of chapter 
311 of title 49, United States Code (including any applicable 
period of availability under section 31104(f) of that title), and 
any regulations promulgated under that chapter and subject 
to paragraph (2), the period of availability during which a 
recipient may expend amounts made available to the recipient 
under a grant or cooperative agreement described in subpara-
graphs (A) through (E) shall be— 
(A) for a grant made under section 31102 of that title 
(other than subsection (l) of that section)— 
(i) the fiscal year in which the Secretary approves 
the financial assistance agreement with respect to the 
grant; and 
(ii) the following 2 fiscal years; 
(B) for a grant made or a cooperative agreement 
entered into under section 31102(l)(2) of that title—
H. R. 133—888 
(i) the fiscal year in which the Secretary approves 
the financial assistance agreement with respect to the 
grant or cooperative agreement; and 
(ii) the following 3 fiscal years; 
(C) for a grant made under section 31102(l)(3) of that 
title— 
(i) the fiscal year in which the Secretary approves 
the financial assistance agreement with respect to the 
grant; and 
(ii) the following 5 fiscal years; 
(D) for a grant made under section 31103 of that title— 
(i) the fiscal year in which the Secretary approves 
the financial assistance agreement with respect to the 
grant; and 
(ii) the following 2 fiscal years; and 
(E) for a grant made or a cooperative agreement 
entered into under section 31313 of that title— 
(i) the year in which the Secretary approves the 
financial assistance agreement with respect to the 
grant or cooperative agreement; and 
(ii) the following 5 fiscal years. 
(2) APPLICABILITY.— 
(A) AMOUNTS
AWARDED
FOR
FISCAL
YEARS
2019
AND 
2020.—The periods of availability described in paragraph 
(1) shall apply only— 
(i) to amounts awarded for fiscal year 2019 or 
2020 under a grant or cooperative agreement described 
in subparagraphs (A) through (E) of that paragraph; 
and 
(ii) for the purpose of expanding the period of 
availability during which the recipient may expend 
the amounts described in clause (i). 
(B) AMOUNTS AWARDED FOR OTHER YEARS.—The periods 
of availability described in paragraph (1) shall not apply 
to any amounts awarded under a grant or cooperative 
agreement described in subparagraphs (A) through (E) of 
that paragraph for any fiscal year other than fiscal year 
2019 or 2020, and those amounts shall be subject to the 
period of availability otherwise applicable to those amounts 
under Federal law. 
Subtitle D—Extension of Waiver Authority 
SEC. 442. EXTENSION OF WAIVER AUTHORITY. 
Notwithstanding any other provision of law, in fiscal year 2021, 
the Secretary of Transportation may exercise the authority provided 
by section 22005 of division B of the CARES Act (23 U.S.C. 401 
note; Public Law 116–136). 
TITLE V—BANKING 
Subtitle A—Emergency Rental Assistance 
SEC. 501. EMERGENCY RENTAL ASSISTANCE. 
(a) APPROPRIATION.—
H. R. 133—890 
(iv) section 601(d) of such Act shall not apply to 
such payments; and 
(v) section 601(e) shall be applied — 
(I) by substituting ‘‘under section 501 of sub-
title A of title V of division N of the Consolidated 
Appropriations Act, 2021’’ for ‘‘under this section’’; 
and 
(II) by substituting ‘‘local government elects 
to receive funds from the Secretary under section 
501 of subtitle A of title V of division N of the 
Consolidated Appropriations Act, 2021 and will 
use the funds in a manner consistent with such 
section’’ for ‘‘local government’s proposed uses of 
the funds are consistent with subsection (d)’’. 
(B) ELIGIBLE
GRANTEES
DESCRIBED.—The eligible 
grantees described in this subparagraph are the following: 
(i) A State that is 1 of the 50 States or the District 
of Columbia. 
(ii) A unit of local government located in a State 
described in clause (i). 
(2) ALLOCATION AND PAYMENTS TO TRIBAL COMMUNITIES.— 
(A) IN GENERAL.—From the amount reserved under 
subsection (a)(2)(B), the Secretary shall— 
(i) pay the amount equal to 0.3 percent of such 
amount to the Department of Hawaiian Home Lands; 
and 
(ii) 
subject 
to 
subparagraph 
(B), 
from 
the 
remainder of such amount, allocate and pay to each 
Indian tribe (or, if applicable, the tribally designated 
housing entity of an Indian tribe) that was eligible 
for a grant under title I of the Native American 
Housing Assistance and Self-Determination Act of 1996 
(NAHASDA) (25 U.S.C. 4111 et seq.) for fiscal year 
2020 an amount that bears the same proportion to 
the such remainder as the amount each such Indian 
tribe (or entity) was eligible to receive for such fiscal 
year from the amount appropriated under paragraph 
(1) under the heading ‘‘NATIVE AMERICAN PROGRAMS’’ 
under the heading ‘‘PUBLIC AND INDIAN HOUSING’’ of 
title II of division H of the Further Consolidated Appro-
priations Act, 2020 (Public Law 116–94) to carry out 
the Native American Housing Block Grants program 
bears to the amount appropriated under such para-
graph for such fiscal year, provided the Secretary shall 
be authorized to allocate, in an equitable manner as 
determined by the Secretary, and pay any Indian tribe 
that opted out of receiving a grant allocation under 
the Native American Housing Block Grants program 
formula in fiscal year 2020, including by establishing 
a minimum amount of payments to such Indian tribe, 
provided such Indian tribe notifies the Secretary not 
later than 30 days after the date of enactment of 
this Act that it intends to receive allocations and pay-
ments under this section. 
(B) PRO RATA ADJUSTMENT; DISTRIBUTION OF DECLINED 
FUNDS.—
H. R. 133—891 
(i) PRO RATA ADJUSTMENTS.—The Secretary shall 
make pro rata reductions in the amounts of the alloca-
tions determined under clause (ii) of subparagraph (A) 
for entities described in such clause as necessary to 
ensure that the total amount of payments made pursu-
ant to such clause does not exceed the remainder 
amount described in such clause. 
(ii) DISTRIBUTION OF DECLINED FUNDS.—If the Sec-
retary determines as of 30 days after the date of enact-
ment of this Act that an entity described in clause 
(ii) of subparagraph (A) has declined to receive its 
full allocation under such clause then, not later than 
15 days after such date, the Secretary shall redis-
tribute, on a pro rata basis, such allocation among 
the other entities described in such clause that have 
not declined to receive their allocations. 
(3) ALLOCATIONS AND PAYMENTS TO TERRITORIES.— 
(A) IN GENERAL.—From the amount reserved under 
subsection (a)(2)(A), subject to subparagraph (B), the Sec-
retary shall allocate and pay to each eligible grantee 
described in subparagraph (C) an amount equal to the 
product of— 
(i) the amount so reserved; and 
(ii) each such eligible grantee’s share of the com-
bined total population of all such eligible grantees, 
as determined by the Secretary. 
(B) ALLOCATION ADJUSTMENT.— 
(i) REQUIREMENT.—The sum of the amounts allo-
cated under subparagraph (A) to all of the eligible 
grantees described in clause (ii) of subparagraph (C) 
shall not be less than the amount equal to 0.3 percent 
of the amount appropriated under subsection (a)(1). 
(ii) REDUCTION.—The Secretary shall reduce the 
amount of the allocation determined under subpara-
graph (A) for the eligible grantee described in clause 
(i) of subparagraph (C) as necessary to meet the 
requirement of clause (i). 
(C) ELIGIBLE
GRANTEES
DESCRIBED.—The eligible 
grantees described in this subparagraph are— 
(i) the Commonwealth of Puerto Rico; and 
(ii) the United States Virgin Islands, Guam, the 
Commonwealth of the Northern Mariana Islands, and 
American Samoa. 
(c) USE OF FUNDS.— 
(1) IN GENERAL.—An eligible grantee shall only use the 
funds provided from a payment made under this section to 
provide financial assistance and housing stability services to 
eligible households. 
(2) FINANCIAL ASSISTANCE.— 
(A) IN GENERAL.—Not less than 90 percent of the funds 
received by an eligible grantee from a payment made under 
this section shall be used to provide financial assistance 
to eligible households, including the payment of 
(i) rent; 
(ii) rental arrears; 
(iii) utilities and home energy costs; 
(iv) utilities and home energy costs arrears; and
H. R. 133—892 
(v) other expenses related to housing incurred due, 
directly or indirectly, to the novel coronavirus disease 
(COVID-19) outbreak, as defined by the Secretary. 
Such assistance shall be provided for a period not to exceed 
12 months except that grantees may provide assistance 
for an additional 3 months only if necessary to ensure 
housing stability for a household subject to the availability 
of funds. 
(B) LIMITATION ON ASSISTANCE FOR PROSPECTIVE RENT 
PAYMENTS.— 
(i) IN GENERAL.—Subject to the exception in clause 
(ii), an eligible grantee shall not provide an eligible 
household with financial assistance for prospective rent 
payments for more than 3 months based on any 
application by or on behalf of the household. 
(ii) 
EXCEPTION.—For 
any 
eligible 
household 
described in clause (i), such household may receive 
financial assistance for prospective rent payments for 
additional months: 
(I) subject to the availability of remaining 
funds currently allocated to the eligible grantee, 
and 
(II) based on a subsequent application for addi-
tional financial assistance provided that the total 
months of financial assistance provided to the 
household do not exceed the total months of assist-
ance allowed under subparagraph (A). 
(iii) FURTHER
LIMITATION.—To the extent that 
applicants have rental arrears, grantees may not make 
commitments for prospective rent payments unless 
they have also provided assistance to reduce an eligible 
household’s rental arrears. 
(C) DISTRIBUTION OF FINANCIAL ASSISTANCE.— 
(i) PAYMENTS.— 
(I) IN
GENERAL.—With respect to financial 
assistance for rent and rental arrears and utilities 
and home energy costs and utility and home energy 
costs arrears provided to an eligible household 
from a payment made under this section, an 
eligible grantee shall make payments to a lessor 
or utility provider on behalf of the eligible house-
hold, except that, if the lessor or utility provider 
does not agree to accept such payment from the 
grantee after outreach to the lessor or utility pro-
vider by the grantee, the grantee may make such 
payments directly to the eligible household for the 
purpose of making payments to the lessor or utility 
provider. 
(II) RULE OF CONSTRUCTION.—Nothing in this 
section shall be construed to invalidate any other-
wise legitimate grounds for eviction. 
(ii) DOCUMENTATION.—For any payments made by 
an eligible grantee to a lessor or utility provider on 
behalf of an eligible household, the eligible grantee 
shall provide documentation of such payments to such 
household.
H. R. 133—893 
(3) HOUSING STABILITY SERVICES.—Not more than 10 per-
cent of funds received by an eligible grantee from a payment 
made under this section may be used to provide eligible house-
holds with case management and other services related to 
the novel coronavirus disease (COVID-19) outbreak, as defined 
by the Secretary, intended to help keep households stably 
housed. 
(4) PRIORITIZATION OF ASSISTANCE.— 
(A) In reviewing applications for financial assistance 
and housing stability services to eligible households from 
a payment made under this section, an eligible grantee 
shall prioritize consideration of the applications of an 
eligible household that satisfies any of the following condi-
tions: 
(i) The income of the household does not exceed 
50 percent of the area median income for the house-
hold. 
(ii) 1 or more individuals within the household 
are unemployed as of the date of the application for 
assistance and have not been employed for the 90- 
day period preceding such date. 
(B) Nothing in this section shall be construed to pro-
hibit an eligible grantee from providing a process for the 
further prioritizing of applications for financial assistance 
and housing stability services from a payment made under 
this section, including to eligible households in which 1 
or more individuals within the household were unable to 
reach their place of employment or their place of employ-
ment was closed because of a public health order imposed 
as a direct result of the COVID-19 public health emergency. 
(5) ADMINISTRATIVE COSTS.— 
(A) IN GENERAL.—Not more than 10 percent of the 
amount paid to an eligible grantee under this section may 
be used for administrative costs attributable to providing 
financial assistance and housing stability services under 
paragraphs (2) and (3), respectively, including for data 
collection and reporting requirements related to such funds. 
(B) NO OTHER ADMINISTRATIVE COSTS.—Amounts paid 
under this section shall not be used for any administrative 
costs other than to the extent allowed under subparagraph 
(A). 
(d) REALLOCATION
OF UNUSED FUNDS.—Beginning on Sep-
tember 30, 2021, the Secretary shall recapture excess funds, as 
determined by the Secretary, not obligated by a grantee for the 
purposes described under subsection (c) and the Secretary shall 
reallocate and repay such amounts to eligible grantees who, at 
the time of such reallocation, have obligated at least 65 percent 
of the amount originally allocated and paid to such grantee under 
subsection (b)(1), only for the allowable uses described under sub-
section (c). The amount of any such reallocation shall be determined 
based on demonstrated need within a grantee’s jurisdiction, as 
determined by the Secretary. 
(e) AVAILABILITY.— 
(1) IN GENERAL.—Funds provided to an eligible grantee 
under a payment made under this section shall remain avail-
able through December 31, 2021.
H. R. 133—894 
(2) EXTENSION FOR FUNDS PROVIDED PURSUANT TO A RE-
ALLOCATION OF UNUSED FUNDS.—For funds reallocated to an 
eligible grantee pursuant to subsection (d), an eligible grantee 
may request, subject to the approval of the Secretary, a 90- 
day extension of the deadline established in paragraph (1). 
(f) APPLICATION FOR ASSISTANCE BY LANDLORDS AND OWNERS.— 
(1) IN GENERAL.—Subject to paragraph (2), nothing in this 
section shall preclude a landlord or owner of a residential 
dwelling from— 
(A) assisting a renter of such dwelling in applying 
for assistance from a payment made under this section; 
or 
(B) applying for such assistance on behalf of a renter 
of such dwelling. 
(2) REQUIREMENTS
FOR
APPLICATIONS
SUBMITTED
ON 
BEHALF OF TENANTS.—If a landlord or owner of a residential 
dwelling submits an application for assistance from a payment 
made under this section on behalf of a renter of such dwelling— 
(A) the landlord must obtain the signature of the ten-
ant on such application, which may be documented elec-
tronically; 
(B) documentation of such application shall be provided 
to the tenant by the landlord; and 
(C) any payments received by the landlord from a 
payment made under this section shall be used to satisfy 
the tenant’s rental obligations to the owner. 
(g) REPORTING REQUIREMENTS.— 
(1) IN GENERAL.—The Secretary, in consultation with the 
Secretary of Housing and Urban Development, shall provide 
public reports not less frequently than quarterly regarding 
the use of funds made available under this section, which 
shall include, with respect to each eligible grantee under this 
section, both for the past quarter and over the period for 
which such funds are available— 
(A) the number of eligible households that receive 
assistance from such payments; 
(B) the acceptance rate of applicants for assistance; 
(C) the type or types of assistance provided to each 
eligible household; 
(D) the average amount of funding provided per eligible 
household receiving assistance; 
(E) household income level, with such information 
disaggregated for households with income that— 
(i) does not exceed 30 percent of the area median 
income for the household; 
(ii) exceeds 30 percent but does not exceed 50 
percent of the area median income for the household; 
and 
(iii) exceeds 50 percent but does not exceed 80 
percent of area median income for the household; and 
(F) the average number of monthly rental or utility 
payments that were covered by the funding amount that 
a household received, as applicable. 
(2) DISAGGREGATION.—Each report under this subsection 
shall disaggregate the information relating to households pro-
vided under subparagraphs (A) through (F) of paragraph (1)
H. R. 133—895 
by the gender, race, and ethnicity of the primary applicant 
for assistance in such households. 
(3) ALTERNATIVE REPORTING REQUIREMENTS FOR CERTAIN 
GRANTEES.—The Secretary may establish alternative reporting 
requirements for grantees described in subsection (b)(2). 
(4) PRIVACY REQUIREMENTS.— 
(A) IN GENERAL.—Each eligible grantee that receives 
a payment under this section shall establish data privacy 
and security requirements for the information described 
in paragraph (1) that— 
(i) include appropriate measures to ensure that 
the privacy of the individuals and households is pro-
tected; 
(ii) provide that the information, including any 
personally identifiable information, is collected and 
used only for the purpose of submitting reports under 
paragraph (1); and 
(iii) provide confidentiality protections for data col-
lected about any individuals who are survivors of 
intimate partner violence, sexual assault, or stalking. 
(B) STATISTICAL RESEARCH.— 
(i) IN GENERAL.—The Secretary— 
(I) may provide full and unredacted informa-
tion provided under subparagraphs (A) through 
(F) of paragraph (1), including personally identifi-
able information, for statistical research purposes 
in accordance with existing law; and 
(II) may collect and make available for statis-
tical research, at the census tract level, informa-
tion collected under subparagraph (A). 
(ii) APPLICATION
OF
PRIVACY
REQUIREMENTS.—A 
recipient of information under clause (i) shall establish 
for such information the data privacy and security 
requirements described in subparagraph (A). 
(5) NONAPPLICATION OF THE PAPERWORK REDUCTION ACT.— 
Subchapter I of chapter 35 of title 44, United States Code, 
shall not apply to the collection of information for the reporting 
or research requirements specified in this subsection. 
(h) ADMINISTRATIVE EXPENSES
OF
THE SECRETARY.—Of the 
funds appropriated pursuant to subsection (a), not more than 
$15,000,000 may be used for administrative expenses of the Sec-
retary in administering this section, including technical assistance 
to grantees in order to facilitate effective use of funds provided 
under this section. 
(i) Inspector General Oversight; Recoupment 
(1) OVERSIGHT AUTHORITY.—The Inspector General of the 
Department of the Treasury shall conduct monitoring and over-
sight of the receipt, disbursement, and use of funds made 
available under this section. 
(2) RECOUPMENT.—If the Inspector General of the Depart-
ment of the Treasury determines that a State, Tribal govern-
ment, or unit of local government has failed to comply with 
subsection (c), the amount equal to the amount of funds used 
in violation of such subsection shall be booked as a debt of 
such entity owed to the Federal Government. Amounts recov-
ered under this subsection shall be deposited into the general 
fund of the Treasury.
H. R. 133—896 
(3) APPROPRIATION.—Out of any money in the Treasury 
of the United States not otherwise appropriated, there are 
appropriated to the Office of the Inspector General of the 
Department of the Treasury, $6,500,000 to carry out oversight 
and recoupment activities under this subsection. Amounts 
appropriated under the preceding sentence shall remain avail-
able until expended. 
(4) AUTHORITY OF INSPECTOR GENERAL.—Nothing in this 
subsection shall be construed to diminish the authority of any 
Inspector General, including such authority as provided in the 
Inspector General Act of 1978 (5 U.S.C. App.) 
(j) TREATMENT OF ASSISTANCE.—Assistance provided to a house-
hold from a payment made under this section shall not be regarded 
as income and shall not be regarded as a resource for purposes 
of determining the eligibility of the household or any member 
of the household for benefits or assistance, or the amount or extent 
of benefits or assistance, under any Federal program or under 
any State or local program financed in whole or in part with 
Federal funds. 
(k) DEFINITIONS.—In this section: 
(1) AREA MEDIAN INCOME.—The term ‘‘area median income’’ 
means, with respect to a household, the median income for 
the area in which the household is located, as determined 
by the Secretary of Housing and Urban Development. 
(2) ELIGIBLE GRANTEE.—The term ‘‘eligible grantee’’ means 
any of the following: 
(A) A State (as defined in section 601(g)(4) of the 
Social Security Act (42 U.S.C. 801(g)(4)). 
(B) A unit of local government (as defined in paragraph 
(5)). 
(C) An Indian tribe or its tribally designated housing 
entity (as such terms are defined in section 4 of the Native 
American Housing Assistance and Self-Determination Act 
of 1996 (25 U.S.C. 4103)) that was eligible to receive a 
grant under title I of such Act (25 U.S.C. 4111 et seq.) 
for fiscal year 2020 from the amount appropriated under 
paragraph (1) under the heading ‘‘NATIVE AMERICAN PRO-
GRAMS’’ under the heading ‘‘PUBLIC AND INDIAN HOUSING’’ 
of title II of division H of the Further Consolidated Appro-
priations Act, 2020 (Public Law 116–94) to carry out the 
Native American Housing Block Grants program. For the 
avoidance of doubt, the term Indian tribe shall include 
Alaska native corporations established pursuant to the 
Alaska Native Claims Settlement Act (43 U.S.C. 1601 et 
seq.). 
(D) The Department of Hawaiian Homelands. 
(3) ELIGIBLE HOUSEHOLD.— 
(A) IN GENERAL.—The term ‘‘eligible household’’ means 
a household of 1 or more individuals who are obligated 
to pay rent on a residential dwelling and with respect 
to which the eligible grantee involved determines— 
(i) that 1 or more individuals within the household 
has 
(I) qualified for unemployment benefits or 
(II) experienced a reduction in household 
income, incurred significant costs, or experienced 
other financial hardship due, directly or indirectly,
H. R. 133—897 
to the novel coronavirus disease (COVID–19) out-
break, which the applicant shall attest in writing; 
(ii) that 1 or more individuals within the household 
can demonstrate a risk of experiencing homelessness 
or housing instability, which may include— 
(I) a past due utility or rent notice or eviction 
notice; 
(II) unsafe or unhealthy living conditions; or 
(III) any other evidence of such risk, as deter-
mined by the eligible grantee involved; and 
(iii) the household has a household income that 
is not more than 80 percent of the area median income 
for the household. 
(B) EXCEPTION.—To the extent feasible, an eligible 
grantee shall ensure that any rental assistance provided 
to an eligible household pursuant to funds made available 
under this section is not duplicative of any other Federally 
funded rental assistance provided to such household. 
(C) INCOME DETERMINATION.— 
(i) In determining the income of a household for 
purposes of determining such household’s eligibility 
for assistance from a payment made under this section 
(including for purposes of subsection (c)(4)), the eligible 
grantee involved shall consider either 
(I) the household’s total income for calendar 
year 2020, or 
(II) subject to clause (ii), sufficient confirma-
tion, as determined by the Secretary, of the house-
hold’s monthly income at the time of application 
for such assistance. 
(ii) In the case of income determined under sub-
clause (II), the eligible grantee shall be required to 
re-determine the eligibility of a household’s income 
after each such period of 3 months for which the house-
hold receives assistance from a payment made under 
this section. 
(4) INSPECTOR
GENERAL.—The term ‘‘Inspector General’’ 
means the Inspector General of the Department of the 
Treasury. 
(5) SECRETARY.—The term ‘‘Secretary’’ means the Secretary 
of the Treasury. 
(6) UNIT OF LOCAL GOVERNMENT.—The term ‘‘unit of local 
government’’ has the meaning given such term in paragraph 
(2) of section 601(g) of the Social Security Act (42 U.S.C. 801(g)), 
except that, in applying such term for purposes of this section, 
such paragraph shall be applied by substituting ‘‘200,000’’ for 
‘‘500,000’’. 
(l) TERMINATION OF PROGRAM.—The authority of an eligible 
grantee to make new obligations to provide payments under sub-
section (c) shall terminate on the date established in subsection 
(e) for that eligible grantee. Amounts not expended in accordance 
with this section shall revert to the Department of the Treasury. 
SEC. 502. EXTENSION OF EVICTION MORATORIUM. 
The order issued by the Centers for Disease Control and Preven-
tion under section 361 of the Public Health Service Act (42 U.S.C. 
264), entitled ‘‘Temporary Halt in Residential Evictions To Prevent
H. R. 133—898 
the Further Spread of COVID–19’’ (85 Fed. Reg. 55292 (September 
4, 2020) is extended through January 31, 2021, notwithstanding 
the effective dates specified in such Order. 
Subtitle B—Community Development 
Investment 
SEC. 520. PURPOSE. 
The purpose of this subtitle is to establish emergency programs 
to revitalize and provide long-term financial products and service 
availability for, and provide investments in, low- and moderate- 
income and minority communities that have disproportionately suf-
fered from the impacts of the COVID–19 pandemic. 
SEC. 521. CONSIDERATIONS; REQUIREMENTS FOR CREDITORS. 
(a) IN GENERAL.—In exercising the authorities under this sub-
title and the amendments made by this subtitle, the Secretary 
of the Treasury shall take into consideration increasing the avail-
ability of affordable credit for consumers, small businesses, and 
nonprofit organizations, including for projects supporting affordable 
housing, community-serving real estate, and other projects, that 
provide direct benefits to low- and moderate-income communities, 
low-income and underserved individuals, and minorities, that have 
disproportionately suffered from the health and economic impacts 
of the COVID–19 pandemic. 
(b) REQUIREMENT FOR CREDITORS.—Any creditor participating 
in a program established under this subtitle or the amendments 
made by this subtitle shall fully comply with all applicable statutory 
and regulatory requirements relating to fair lending. 
SEC. 522. CAPITAL INVESTMENTS FOR NEIGHBORHOODS DISPROPOR-
TIONATELY IMPACTED BY THE COVID–19 PANDEMIC. 
(a) IN GENERAL.—The Community Development Banking and 
Financial Institutions Act of 1994 (12 U.S.C. 4701 et seq.) is 
amended by inserting after section 104 (12 U.S.C. 4703) the fol-
lowing: 
‘‘SEC. 104A. CAPITAL INVESTMENTS FOR NEIGHBORHOODS DIS-
PROPORTIONATELY IMPACTED BY THE COVID–19 PAN-
DEMIC. 
‘‘(a) DEFINITIONS.—In this section— 
‘‘(1) the term ‘bank holding company’ has the meaning 
given the term in section 2 of the Bank Holding Company 
Act of 1956 (12 U.S.C. 1841); 
‘‘(2) the term ‘eligible institution’ means any low- and mod-
erate-income community financial institution that is eligible 
to participate in the Program; 
‘‘(3) the term ‘Emergency Capital Investment Fund’ means 
the Emergency Capital Investment Fund established under 
subsection (b); 
‘‘(4) the term ‘low- and moderate-income community finan-
cial institution’ means any financial institution that is— 
‘‘(A)(i) a community development financial institution; 
or 
‘‘(ii) a minority depository institution; and