,i #aafth ,,congress #b;d ,session ,h4 ,r4 #fgha ,,in ,,the ,,house ,,of ,,representatives ,may #h1 #bjbj,mr4 ,pappas 7for himself1 ,mr4 ,hagedorn1 and ,mrs4 ,murphy of ,florida7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committee on ,small ,business1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to provide for improved coordination between the paycheck protection program and the employee retention tax credit4 #a4 ,short title ,this ,act may be cited as the ,paycheck ,protection ,program ,improved ,coordination ,act of #bjbj4 #b4 ,improved coordination between paycheck protection program and employee retention tax credit 7a7 ,amendment to paycheck protection program ,section #aajf7;a77#h7 of the ,,cares ,act is amended by inserting 1 except that such costs shall not include qualified wages taken into account in determining the credit allowed under section #bcja of this ,act before the period at the end4 7b7 ,amendments to employee retention tax credit 7#a7 ,in general ,section #bcja7;g7 of the ,,cares ,act is amended to read as follows3 7g7 ,election ,to not take certain wages into account 7#a7 ,in general ,this section shall not apply to qualified wages paid by an eligible employer with respect to which such employer makes an election 7at such time and in such manner as the ,secretary may prescribe7 to have this section not apply to such wages4 7#b7 ,coordination with paycheck protection program ,the ,secretary1 in consultation with the ,administrator of the ,small ,business ,administration1 shall issue guidance providing that payroll costs paid or incurred during the covered period shall not fail to be treated as qualified wages under this section by reason of an election under paragraph 7#a7 to the extent that a covered loan of the eligible employer is not forgiven by reason of a decision under section #aajf7;g74 ,terms used in the preceding sentence which are also used in section #aajf shall have the same meaning as when used in such section4 4 7#b7 ,conforming amendments 7,a7 ,section #bcja of the ,,cares ,act is amended by striking subsection 7j74 7,b7 ,section #bcja7l7 of the ,,cares ,act is amended by striking paragraph 7#c7 and by redesignating paragraphs 7#d7 and 7#e7 as paragraphs 7#c7 and 7#d71 respectively4 7c7 ,effective date ,the amendments made by this section shall take effect as if included in the provisions of the ,,cares ,act to which they relate4