,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fhag  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ab1 #bjbj,mr4  
,green of ,texas 7for himself1 ,mr4     
,cleaver1 and ,mr4 ,david ,scott of     
,georgia7 introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,to   
establish a payroll loan facility for   
small financial institutions affected by
 ,,covid-#ai1 and for other purposes4   
#a4 ,payroll loan facility for small    
financial institutions  7a7 ,in general 
,the ,secretary of the ,treasury shall  
establish a payroll loan facility which 
shall make loans to small financial     
institutions and which shall1 to the    
maximum extent practicable1 provide     
equivalent benefits and assistance that 
are provided by the ,paycheck           
,protection ,program4  7b7 ,loan        
forgiveness ,the ,secretary of the      
,treasury shall establish a loan        
forgiveness program with respect to     
loans made under subsection 7a71 that   

shall1 to the maximum extent            
practicable1 have the same requirements 
as the loan forgiveness program         
established under section #aajf of the  
,,cares ,act 7#ae ,u4,s4,c4 #ijje74  7c7
 ,definitions ,in this section3 7#a7    
,community development financial        
institution ,the term community         
development financial institution has   
the meaning given that term under       
section #ajc of the ,riegle ,community  
,development and ,regulatory            
,improvement ,act of #aiid 7#ab         
,u4,s4,c4 #dgjb74  7#b7 ,small financial
 institution ,the term small financial  
institution means an institution that-- 
7,a7 is a community development         
financial institution1 minority         
depository institution1 or rural bank2  
and  7,b7 has consolidated assets of    
less than #gjj1jjj1jjj4  7#c7 ,insured  
credit union ,the term insured credit   
union has the meaning given that term   
under section #aja of the ,federal      
,credit ,union ,act4  7#d7 ,insured     

depository institution ,the term insured
 depository institution has the meaning 
given that term under section #c of the 
,federal ,deposit ,insurance ,act4  7#e7
 ,minority depository institution ,the  
term minority depository institution has
 the meaning given that term under      
section #cjh7;b7 of the ,financial      
,institutions ,reform1 ,recovery1 and   
,enforcement ,act of #aihi 7#ab         
,u4,s4,c4 #adfc note74  7#f7 ,paycheck  
,protection ,program ,the term ,paycheck
 ,protection ,program means section     
#g7;a77#cf7 of the ,small ,business ,act
 7#ae ,u4,s4,c4 #fcf7;a77#cf774  7#g7   
,rural ,with respect to an area1 the    
term rural has the meaning given that   
term under section #ajbf4ce7;b77iv77,a7 
of title #ab1 ,code of ,federal         
,regulations4  7#h7 ,rural bank ,the    
term rural bank means an insured credit 
union or insured depository institution 
located in a rural area4  7d7 ,direct   
appropriation for the payroll loan      
facility ,there is appropriated1 out of 

amounts in the ,treasury not otherwise  
appropriated1 #be1jjj1jjj1jjj to the    
,secretary of the ,treasury to carry out
 this subsection4