,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fged  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #h1 #bjbj,mrs4   
,flet*] 7= h]self1 ,ms4 ,craig1 & ,mr4  
,kim7 introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to provide cl>ification   
reg>d+ ! tax treatm5t ( exp5ses paid or 
incurr$ ) proce$s f ,pay*eck ,protection
 ,program loans4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,protect+ !        
,pay*eck ,protection ,program ,act (    
#bjbj4  #b4 ,cl>ification ( tax treatm5t
 ( exp5ses paid or incurr$ ) proce$s f  
,pay*eck ,protection ,program loans  7a7
 ,9 g5]al ,= purposes ( ! ,int]nal      
,rev5ue ,code ( #aihf & not)/&+ any o!r 
provision ( law1 any d$uction & ! basis 
( any prop]ty %all be det]m9$ )\t reg>d 
to :e!r any am\nt is exclud$ f gross    
income "u section #aajf7;i7 ( ! ,,c>es  
,act4  7b7 ,cl>ification ( exclusion (  
loan =giv5ess ,section #aajf7;i7 ( !    
,,c>es ,act is am5d$ to read z foll[s3  
7i7 ,taxability ,= purposes ( ! ,int]nal

 ,rev5ue ,code ( #aihf1 no am\nt %all be
 includ$ 9 ! gross income ( ! eligible  
recipi5t by reason ( =giv5ess (         
indebt$ness describ$ 9 subsection 7b74  
4  7c7 ,effective date ,subsection 7a7 &
 ! am5dm5t made by subsection 7b7 %all  
take effect z if includ$ 9 section #aajf
 ( ! ,,c>es ,act4