,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fgha  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #h1 #bjbj,mr4    
,pappas 7= himself1 ,mr4 ,hag$orn1 &    
,mrs4 ,murphy ( ,florida7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means1 & 9       
addition to ! ,committee on ,small      
,bus9ess1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to provide = improv$          
coord9ation betwe5 ! pay*eck protection 
program & ! employee ret5tion tax cr$it4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,pay*eck ,protection ,program       
,improv$ ,coord9ation ,act ( #bjbj4  #b4
 ,improv$ coord9ation betwe5 pay*eck    
protection program & employee ret5tion  
tax cr$it  7a7 ,am5dm5t to pay*eck      
protection program ,section             
#aajf7;a77#h7 ( ! ,,c>es ,act is am5d$  
by ins]t+ 1 except t su* co/s %all n    
include qualifi$ wages tak5 into acc\nt 

9 det]m9+ ! cr$it all[$ "u section #bcja
 ( ?is ,act be=e ! p]iod at ! end4  7b7 
,am5dm5ts to employee ret5tion tax cr$it
  7#a7 ,9 g5]al ,section #bcja7;g7 ( !  
,,c>es ,act is am5d$ to read z foll[s3  
7g7 ,election ,to n take c]ta9 wages    
into acc\nt  7#a7 ,9 g5]al ,?is section 
%all n apply to qualifi$ wages paid by  
an eligible employ] ) respect to :i* su*
 employ] makes an election 7at su* "t & 
9 su* mann] z ! ,secret>y may prescribe7
 to h ?is section n apply to su* wages4 
7#b7 ,coord9ation ) pay*eck protection  
program ,! ,secret>y1 9 consultation ) !
 ,adm9i/rator ( ! ,small ,bus9ess       
,adm9i/ration1 %all issue guidance      
provid+ t payroll co/s paid or incurr$  
dur+ ! cov]$ p]iod %all n fail to be    
treat$ z qualifi$ wages "u ?is section  
by reason ( an election "u p>agraph 7#a7
 to ! ext5t t a cov]$ loan ( ! eligible 
employ] is n =giv5 by reason ( a        
decision "u section #aajf7;g74 ,t]ms us$
 9 ! prec$+ s5t5ce :i* are also us$ 9   
section #aajf %all h ! same mean+ z :5  

us$ 9 su* section4  4  7#b7 ,con=m+     
am5dm5ts  7,a7 ,section #bcja ( ! ,,c>es
 ,act is am5d$ by /rik+ subsection 7j74 
7,b7 ,section #bcja7l7 ( ! ,,c>es ,act  
is am5d$ by /rik+ p>agraph 7#c7 & by    
r$esignat+ p>agraphs 7#d7 & 7#e7 z      
p>agraphs 7#c7 & 7#d71 respectively4    
7c7 ,effective date ,! am5dm5ts made by 
?is section %all take effect z if       
includ$ 9 ! provisions ( ! ,,c>es ,act  
to :i* !y relate4