,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fgje  ,,in ,,the ,,house ,,of  
,,representatives  ,may #e1 #bjbj,mrs4  
,axne 7for herself and ,mr4 ,king of    
,new ,york7 introduced the following    
bill2 which was referred to the         
,committee on ,oversight and ,reform  ,a
 ,,bill  ,to require the ,secretary of  
the ,treasury to establish a ,state and 
,local ,government ,coronavirus ,relief 
,program to make grants to ,states to   
make up for lost revenue due to         
,,covid-#ai and social distancing steps 
taken by the ,state and political       
subdivisions of the ,state1 and for     
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,coronavirus   
,state and ,local ,financial ,assistance
 ,act4  #b4 ,state and ,local           
,government ,coronavirus ,relief        
,program  7a7 ,in general ,the          
,secretary of the ,treasury shall       
establish a ,state and ,local           
,government ,coronavirus ,relief        
,program under which the ,secretary     

shall make monthly grants to ,states to 
make up for lost revenue due to         
,,covid-#ai and social distancing steps 
taken by the ,state and political       
subdivisions of the ,state4  7b7        
,estimate of lost revenue  7#a7         
,administrator ,in order to be eligible 
to receive a grant under this section1 a
 ,state shall appoint an administrator  
who shall-- 7,a7 compile estimates for  
the revenue lost by the ,state and each 
political subdivision of the ,state     
because of ,,covid-#ai and social       
distancing steps taken by the ,state and
 political subdivisions of the ,state2  
and  7,b7 submit an estimate to the     
,secretary not later than the #bjth of  
each month1 which shall include-- 7i7 a 
break down of how much of the losses    
were incurred by the ,state itself and  
how much was incurred by each political 
subdivision of the ,state2  7ii7        
information for any prior months2 and   
7iii7 any corrections or updates from   
prior months4  7#b7 ,requirements ,in   

carrying out paragraph 7#a71 the        
administrator-- 7,a7 shall compile such 
estimate based off of reductions in     
realized revenue as compared to the     
latest official revenue estimates as of 
,february #ae1 #bjbj2  7,b7 may only    
include losses occurring from ,march #a1
 #bjbj1 through ,december #ca1 #bjbj2   
7,c7 may1 with respect to sales1 fuel1  
and other excise tax estimates1 submit  
estimates to the ,secretary either      
monthly or quarterly1 depending on when 
such taxes are collected2 and  7,d7     
shall1 with respect to income and       
property taxes1 submit estimates to the 
,secretary quarterly1 and shall adjust  
for delays in payment dates4  7c7       
,payment of grants  7#a7 ,timing ,the   
,secretary shall make grant payments to 
a ,state under this section not later   
than #ae days after the date on which   
the ,secretary receives a loss estimate 
under subsection 7b77#a77;,b74  7#b7    
,pro rata distribution ,if1 with respect
 to a month1 the ,secretary does not    

have sufficient funds available under   
this section to make full grant payments
 to all ,states based on the loss       
estimates submitted to the ,secretary1  
the ,secretary shall make pro rata      
payments to the ,states based on each   
,state's share of the aggregate national
 amount of losses submitted to the      
,secretary for the applicable month4    
7#c7 ,treatment of overpayments ,with   
respect to a ,state1 an overpayment made
 by the ,secretary in a prior month     
shall decrease the following month's    
payment or1 if an overpayment occurs in 
the final month of the ,program1 the    
,secretary may treat such overpayment as
 a debt of the ,state to the ,federal   
,government4  7d7 ,distribution to      
political subdivisions ,a ,state that   
receives a grant under this section     
shall distribute a percentage of such   
grant to each political subdivision of  
the ,state in an amount equal to the    
percentage that such political          
subdivision's loss made up of the       

revenue loss to the ,state as whole1 as 
reported to the ,secretary4  7e7        
,program termination ,the ,secretary's  
authority to make grants under this     
section shall terminate on the earlier  
of-- 7#a7 the date on which funds are no
 longer available to carry out this     
section2 or  7#b7 ,december #ca1 #bjbj4 
7f7 ,funding ,there is appropriated1 out
 of any amounts in the ,treasury not    
otherwise appropriated1 #ejj1jjj1jjj1jjj
 to the ,secretary to carry out this    
section4  7g7 ,definitions ,in this     
section3 7#a7 ,secretary ,the term      
,secretary means the ,secretary of the  
,treasury4  7#b7 ,state ,the term ,state
 means each of the several ,states1 the 
,district of ,columbia1 and each        
territory and possession of the ,united 
,states4