,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fcbd  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bc1 #bjbj,mr4
 ,pappas 7for himself1 ,mr4 ,rose of    
,new ,york1 ,ms4 ,kendra ,s4 ,horn of   
,oklahoma1 ,ms4 ,norton1 ,mr4 ,carson of
 ,indiana1 ,ms4 ,wild1 ,ms4             
,mucarsel-,powell1 ,mr4 ,panetta1 ,mrs4 
,hayes1 ,ms4 ,kuster of ,new ,hampshire1
 and ,ms4 ,pingree7 introduced the      
following bill2 which was referred to   
the ,committee on ,small ,business  ,a  
,,bill  ,to amend the ,small ,business  
,act to provide no interest rate loans  
to small businesses and non-profit      
entities impacted by the coronavirus    
7,,covid-#ai71 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the ,too ,small to ,fail ,act4  #b4 
,financial assistance to small          
businesses and non-profit entities      
,section #g of the ,small ,business ,act
 7#ae ,u4,s4,c4 #fcf7 is amended by     
adding at the end the following new     
subsection3  7k7 ,coronavirus related   

loans  7#a7 ,in general ,the            
,administration shall waive the credit  
elsewhere requirement of subsection     
7a77#a7 for loans to small businesses   
and non-profit entities affected by the 
coronavirus 7,,covid-#ai74 ,such loans  
shall be provided by the ,administration
 at no interest rate4  7#b7             
,authorization of appropriations ,for an
 additional amount for the ,disaster    
,loans ,program ,account for the cost of
 direct loans authorized by section     
#g7;b7 of the ,small ,business ,act and 
for subsidizing interest rates1         
#cej1jjj1jjj1jjj1 to remain available   
until expended1 except that-- 7,a7 not  
to exceed #bbe1jjj1jjj may be           
transferred to and merged with ,salaries
 and ,expenses for administrative       
expenses to carry out the disaster loan 
program authorized by section #g7;b7 of 
the ,small ,business ,act2 and  7,b7    
none of the funds provided under this   
heading may be used for indirect        
administrative expenses4  7#c7          

,emergency requirement ,the amount      
provided under paragraph 7#b7 is        
designated as an emergency requirement  
pursuant to section #bea7;b77#b77;,a77i7
 of the ,balanced ,budget and ,emergency
 ,deficit ,control ,act of #aihe and the
 amount designated under such paragraph 
as an emergency requirement pursuant to 
such section #bea7;b77#b77;,a77i7 shall 
be available only if the ,president     
subsequently so designates such amount  
and transmits such designation to the   
,congress4  7#d7 ,suspension of payment 
,the ,administration is authorized to   
suspend the payment of any loan made    
under this ,act to any small business or
 non-profit entity affected by the      
coronavirus 7,,covid-#ai7 for a period  
determined by the ,administration4  4   
#c4 ,emergency ,,eidl grants  7a7 ,,eidl
 emergency grant  7#a7 ,in general      
,during the covered period1 an eligible 
entity that applies for a loan under    
section #g7;b77#b7 of the ,small        
,business ,act 7#ae ,u4,s4,c4           

#fcf7;b77#b77 in response to ,,covid-#ai
 may request that the ,administrator    
provide an advance in the amount        
requested by such applicant 7not to     
exceed #ae1jjj7 to such applicant within
 #c days after the ,administrator       
receives an application from such       
applicant4  7#b7 ,verification ,before  
disbursing amounts under this           
subsection1 the ,administrator shall    
verify that the applicant is an eligible
 entity4  7#c7 ,use of funds ,an advance
 provided under this subsection may be  
used to address any allowable purpose   
for a loan made under section #g7;b77#b7
 of the ,small ,business ,act 7#ae      
,u4,s4,c4 #fcf7;b77#b771 including--    
7,a7 providing paid sick leave to       
employees unable to work due to the     
direct effect of the ,,covid-#ai2  7,b7 
maintaining payroll to retain employees 
during business disruptions or          
substantial slowdowns2  7,c7 meeting    
increased costs to obtain materials     
unavailable from the applicant's        

original source due to interrupted      
supply chains2  7,d7 making rent or     
mortgage payments2 and  7,e7 repaying   
obligations that cannot be met due to   
revenue losses4  7#d7 ,repayment ,an    
applicant shall not be required to repay
 any amounts of an advance provided     
under this subsection1 even if          
subsequently denied a loan under section
 #g7;b77#b7 of the ,small ,business ,act
 7#ae ,u4,s4,c4 #fcf7;b77#b774  7#e7    
,unemployment grant ,if an applicant    
that receives an advance under this     
subsection transfers into the loan      
program under section #g7;a7 of the     
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;a771 the advance amount shall be  
considered when determining loan        
forgiveness for a loan for payroll costs
 made under such section #g7;a74  7#f7  
,authorization of appropriations ,there 
is authorized to be appropriated to the 
,small ,business ,administration        
#aj1jjj1jjj1jjj to carry out this       
subsection4  7#g7 ,termination ,the     

authority to carry out grants under this
 subsection shall terminate on ,december
 #ca1 #bjbj4  7b7 ,definitions ,in this 
,act-- 7#a7 the term covered period     
means the period beginning on ,january  
#ca1 #bjbj1 and ending on ,december #ca1
 #bjbj2  7#b7 the term eligible entity  
means-- 7,a7 a startup with not more    
than #ejj employees2  7,b7 any          
individual who operates under a sole    
proprietorship or as an independent     
contractor2  7,c7 a cooperative with not
 more than #ejj employees2 or  7,d7 an  
,,esop 7as defined in section #c of the 
,small ,business ,act 7#ae ,u4,s4,c4    
#fcb77 with not more than #ejj          
employees2 and  7#c7 the term           
,,covid-#ai means the virus             
,,sars-,co,v-#b and the resulting       
disease ,,covid-#ai or another          
coronavirus with pandemic potential4