,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fijg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ae1 #bjbj,mr4   
,kildee 7= himself1 ,mr4 ,fitzpatrick1  
,mr4 ,evans1 & ,mr4 ,upton7 introduc$ ! 
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,small ,bus9ess  ,a ,,bill
  ,to e/abli% a program 9 ! ,dep>tm5t ( 
! ,treasury to allocate funds to ,/ates1
 units ( g5]al local gov]nm5t1 & ,indian
 ,tribes to provide assi/ance to c]ta9  
small bus9esses1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,re*>ge & ,emp[] ,local ,innovation &   
,entrepr5eurs ,fund = ,ma9 ,/reet ,act  
or ! ,,relief = ,ma9 ,/reet ,act4  #b4  
,small bus9ess local relief program  7a7
 ,def9itions ,9 ?is section3 7#a7       
,adm9i/rator ,! t]m ,adm9i/rator means !
 ,adm9i/rator ( ! ,small ,bus9ess       
,adm9i/ration4  7#b7 ,eligible entity ,!
 t]m eligible entity-- 7,a7 means a     
privately held bus9ess entity or        
nonpr(it organization t-- 7i7 employs-- 
7,i7 n m ?an #bj full-"t equival5t      

employees2 or  7,,ii7 if ! entity or    
organization is locat$ 9 a l[-income    
community1 n m ?an #ej full-"t equival5t
 employees2  7ii7 has exp]i5c$ a loss ( 
rev5ue z a result ( ! ,,covid-#ai       
p&emic1 accord+ to crit]ia e/abli%$ by !
 ,secret>y2 &  7iii7 ) respect to su* an
 entity or organization t receives      
assi/ance f a small bus9ess em]g5cy     
fund1 satisfies additional requirem5ts1 
z det]m9$ by ! ,/ate1 unit ( g5]al local
 gov]nm5t1 ,indian ,tribe1 or o!r entity
 t has e/abli%$ ! small bus9ess em]g5cy 
fund2 &  7,b7 includes an individual :o 
op]ates "u a sole proprietor%ip1 an     
individual :o op]ates z an indep5d5t    
contractor1 & an eligible self-employ$  
individual if su* an individual has     
exp]i5c$ a loss ( rev5ue z a result ( ! 
,,covid-#ai p&emic1 accord+ to crit]ia  
e/abli%$ by ! ,secret>y4  7#c7 ,eligible
 self-employ$ individual ,! t]m eligible
 self-employ$ individual has ! mean+    
giv5 ! t]m 9 section #g7;a77#cf77;,a7 ( 
! ,small ,bus9ess ,act 7#ae ,u4,s4,c4   

#fcf7;a77#cf77;,a774  7#d7 ,entitlem5t  
community ,! t]m entitlem5t community   
means a metropolitan city or urban      
c\nty1 z ^? t]ms are def9$ 9 section    
#ajb ( ! ,h\s+ & ,community ,developm5t 
,act ( #aigd 7#db ,u4,s4,c4 #ecjb74     
7#e7 ,full-"t equival5t employees  7,a7 
,9 g5]al ,! t]m full-"t equival5t       
employees means a numb] ( employees     
equal to ! numb] det]m9$ by divid+-- 7i7
 ! total numb] ( h\rs ( s]vice = :i*    
wages 7 paid by ! employ] to employees  
dur+ ! taxable ye>2 by  7ii7 #b1jhj4    
7,b7 ,r\nd+ ,! numb] det]m9$ "u         
subp>agraph 7,a7 %all be r\nd$ to ! next
 l[e/ :ole numb] if n o!rwise a :ole    
numb]4  7,c7 ,excess h\rs n c\nt$ ,if an
 employee works 9 excess ( #b1jhj h\rs (
 s]vice dur+ any taxable ye>1 su* excess
 %all n be tak5 into acc\nt "u          
subp>agraph 7,a74  7,d7 ,h\rs ( s]vice  
,! ,secret>y1 9 consultation ) !        
,secret>y ( ,labor1 %all prescribe su*  
regulations1 rules1 & guidance z may be 
necess>y to det]m9e ! h\rs ( s]vice ( an

 employee1 includ+ rules = ! application
 ( ?is p>agraph to employees :o are n   
comp5sat$ on an h\rly basis4  7#f7      
,indian ,tribe ,! t]m ,indian ,tribe has
 ! mean+ giv5 ! t]m ,indian tribe 9     
section #ajb ( ! ,h\s+ & ,community     
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecjb74  7#g7 ,l[-income community ,!   
t]m l[-income community has ! mean+ giv5
 ! t]m 9 section #de;,d7e7 ( ! ,int]nal 
,rev5ue ,code ( #aihf4  7#h7 ,m9ority ,!
 t]m m9ority has ! mean+ giv5 ! t]m 9   
section #abjd7;c77#c7 ( ! ,f9ancial     
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4   
#ahaa note74  7#i7 ,m9ority-own$ entity 
,! t]m m9ority-own$ entity means an     
entity-- 7,a7 m ?an #ej p]c5t ( !       
own]%ip or control ( :i* is held by n   
less ?an #a m9ority2 &  7,b7 m ?an #ej  
p]c5t ( ! net pr(it or loss ( :i*       
accrues to n less ?an #a m9ority4  7#aj7
 ,non5titlem5t area2 ,/ate2 unit ( g5]al
 local gov]nm5t  7,a7 ,9 g5]al ,except z
 provid$ 9 subp>agraph 7,b71 ! t]ms     

non5titlem5t area1 ,/ate1 & unit ( g5]al
 local gov]nm5t h ! mean+s giv5 ^? t]ms 
9 section #ajb ( ! ,h\s+ & ,community   
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecjb74  7,b7 ,/ate ,= purposes (       
subp>agraphs 7,a77ii7 & 7,b77ii7 (      
subsection 7c77#a71 ! t]m ,/ate means   
any ,/ate ( ! ,unit$ ,/ates4  7#aa7     
,program ,! t]m ,program means ! ,small 
,bus9ess ,local ,relief ,program        
e/abli%$ "u ?is section4  7#ab7         
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ! ,treasury4  7#ac7 ,small  
bus9ess em]g5cy fund ,! t]m small       
bus9ess em]g5cy fund means a fund or    
program-- 7,a7 e/abli%$ by a ,/ate1 a   
unit ( g5]al local gov]nm5t1 an ,indian 
,tribe1 or an entity designat$ by a     
,/ate1 unit ( g5]al local gov]nm5t1 or  
,indian ,tribe2 &  7,b7 t provides or   
adm9i/]s f9anc+ to eligible entities 9 !
 =m ( grants1 loans1 or o!r means 9     
accordance ) ! ne$s ( eligible entities 
& ! capacity ( ! fund or program4  7#ad7
 ,wom5-own$ entity ,! t]m wom5-own$     

entity means an entity-- 7,a7 m ?an #ej 
p]c5t ( ! own]%ip or control ( :i* is   
held by n less ?an #a woman2 &  7,b7 m  
?an #ej p]c5t ( ! net pr(it or loss (   
:i* accrues to n less ?an #a woman4  7b7
 ,e/abli%m5t ,!re is e/abli%$ 9 !       
,dep>tm5t ( ! ,treasury ! ,small        
,bus9ess ,local ,relief ,program1 !     
purpose ( :i* is to allocate res\rces to
 ,/ates1 units ( g5]al local gov]nm5t1 &
 ,indian ,tribes to provide assi/ance to
 eligible entities & organizations t    
assi/ eligible entities4  7c7 ,fund+    
7#a7 ,fund+ to ,/ates1 localities1 &    
,indian ,tribes  7,a7 ,9 g5]al ,( !     
am\nts made available to c>ry out !     
,program "u subsection 7h71 ! ,secret>y 
%all allocate-- 7i7 #ce1jjj1jjj1jjj to  
,/ates & units ( g5]al local gov]nm5t 9 
accordance ) subp>agraph 7,b77i72  7ii7 
#ae1jjj1jjj1jjj to ,/ates 9 accordance )
 subp>agraph 7,b77ii72 &  7iii7         
#ejj1jjj1jjj to ! ,secret>y ( ,h\s+ &   
,urban ,developm5t = allocations to     
,indian ,tribes 9 accordance )          

subp>agraph 7,b77iii74  7,b7            
,allocations  7i7 ,=mula = ,/ates &     
units ( g5]al local gov]nm5t ,( ! am\nt 
allocat$ "u subp>agraph 7,a77i7-- 7,i7  
#gj p]c5t %all be allocat$ to entitlem5t
 communities 9 accordance ) ! =mula "u  
section #ajf7;b7 ( ! ,h\s+ & ,community 
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecjf7;b772 &  7,,ii7 #cj p]c5t %all be 
allocat$ to ,/ates1 = use 9 non5titlem5t
 areas1 9 accordance ) ! =mula "u       
section #ajf7;d77#a7 ( ! ,h\s+ &        
,community ,developm5t ,act ( #aigd 7#db
 ,u4,s4,c4 #ecjf7;d77#a774  7ii7 ,rural 
bonus =mula = ,/ates ,! ,secret>y %all  
allocate ! am\nt allocat$ "u subp>agraph
 7,a77ii7 to ,/ates1 = use 9            
non5titlem5t areas1 9 accordance ) !    
=mula "u section #ajf7;d77#a7 ( ! ,h\s+ 
& ,community ,developm5t ,act ( #aigd   
7#db ,u4,s4,c4 #ecjf7;d77#a774  7iii7   
,competitive aw>ds to ,indian ,tribes   
7,i7 ,9 g5]al ,! ,secret>y ( ,h\s+ &    
,urban ,developm5t %all allocate to     
,indian ,tribes on a competitive basis !

 am\nt allocat$ "u subp>agraph          
7,a77iii74  7,,ii7 ,requirem5ts ,9 mak+ 
allocations "u subclause 7,i71 !        
,secret>y ( ,h\s+ & ,urban ,developm5t  
%all1 to ! greate/ ext5t practicable1   
ensure t ea* ,indian ,tribe t satisfies 
requirem5ts e/abli%$ by ! ,secret>y (   
,h\s+ & ,urban ,developm5t receives su* 
an allocation4  7,c7 ,/ate allocations =
 non5titlem5t areas  7i7 ,equitable     
allocation ,to ! greate/ ext5t          
practicable1 a ,/ate %all allocate      
am\nts = non5titlem5t areas "u clauses  
7i77,,ii7 & 7ii7 ( subp>agraph 7,b7 on  
an equitable basis4  7ii7 ,di/ribution (
 am\nts  7,i7 ,discretion ,n lat] ?an   
#ad days aft] ! date on :i* a ,/ate     
receives am\nts = use 9 a non5titlem5t  
area "u clause 7i77,,ii7 or 7ii7 (      
subp>agraph 7,b71 ! ,/ate %all-- 7aa7   
di/ribute ! am\nts1 or a portion !re(1  
to a unit ( g5]al local gov]nm5t locat$ 
9 ! non5titlem5t area or an entity      
designat$ !reby1 t has e/abli%$ or w    
e/abli% a small bus9ess em]g5cy fund1 = 

use "u p>agraph 7#b72 or  7bb7 elect to 
res]ve ! am\nts1 or a portion !re(1 =   
use by ! ,/ate "u p>agraph 7#b7 = !     
b5efit ( eligible entities locat$ 9 !   
non5titlem5t area4  7,,ii7 ,s5se (      
,congress ,x is ! s5se ( ,congress t1 9 
di/ribut+ am\nts "u subclause 7,i71 9 ! 
case ( am\nts allocat$ = a non5titlem5t 
area 9 :i* a unit ( g5]al local gov]nm5t
 or an entity designat$ !reby has       
e/abli%$ a small bus9ess em]g5cy fund1 a
 ,/ate %\ld1 z quickly z is practicable1
 di/ribute am\nts to t unit ( g5]al     
local gov]nm5t or entity1 respectively1 
z describ$ 9 item 7aa7 ( t subclause4   
7iii7 ,treatm5t ( ,/ates n act+ z       
pass-?r\gh ag5ts "u ,,cdbg ,! ,secret>y 
%all allocate am\nts to a ,/ate "u ?is  
p>agraph )\t reg>d to :e!r ! ,/ate has  
elect$ to di/ribute am\nts allocat$ "u  
section #ajf7;d77#a7 ( ! ,h\s+ &        
,community ,developm5t ,act ( #aigd 7#db
 ,u4,s4,c4 #ecjf7;d77#a774  7#b7 ,use ( 
funds  7,a7 ,9 g5]al ,a ,/ate1 unit (   
g5]al local gov]nm5t1 entity designat$  

by a unit ( g5]al local gov]nm5t1 or    
,indian ,tribe t receives an allocation 
"u p>agraph 7#a71 :e!r directly or      
indirectly1 may use t allocation-- 7i7  
to provide fund+ to a small bus9ess     
em]g5cy fund e/abli%$ by t ,/ate 7or    
entity designat$ !reby71 t unit ( g5]al 
local gov]nm5t 7or entity designat$     
!reby71 t entity designat$ by a unit (  
g5]al local gov]nm5t1 or t ,indian      
,tribe 7or entity designat$ !reby71     
respectively2  7ii7 to provide fund+ to 
support organizations t provide te*nical
 assi/ance to eligible entities2 or     
7iii7 subject to subp>agraph 7,b71 to   
pay = adm9i/rative co/s incurr$ by t    
,/ate 7or entity designat$ !reby71 t    
unit ( g5]al local gov]nm5t 7or entity  
designat$ !reby71 t entity designat$ by 
a unit ( g5]al local gov]nm5t1 or t     
,indian ,tribe 7or entity designat$     
!reby71 respectively1 9 e/abli%+ &      
adm9i/]+ a small bus9ess em]g5cy fund4  
7,b7 ,limitation ,a ,/ate1 unit ( g5]al 
local gov]nm5t1 entity designat$ by a   

unit ( g5]al local gov]nm5t1 or ,indian 
,tribe may n use m ?an #c p]c5t ( an    
allocation receiv$ "u p>agraph 7#a7 = a 
purpose describ$ 9 subp>agraph 7,a77iii7
 ( ?is p>agraph4  7,c7 ,obligation      
deadl9es  7i7 ,/ates ,( ! am\nts t a    
,/ate elects "u p>agraph                
7#a77;,c77ii77,i77bb7 to res]ve = use by
 ! ,/ate "u ?is p>agraph-- 7,i7 any     
am\nts t ! ,/ate provides to a small    
bus9ess em]g5cy fund "u subp>agraph     
7,a77i7 ( ?is p>agraph %all be obligat$ 
by ! small bus9ess em]g5cy fund =       
exp5diture n lat] ?an #gd days aft] !   
date on :i* ! ,/ate receiv$ ! am\nts f !
 ,secret>y "u clause 7i7 or 7ii7 (      
p>agraph 7#a77;,a72 &  7,,ii7 any am\nts
 t ! ,/ate *ooses to provide to an      
organization "u subp>agraph 7,a77ii7 (  
?is p>agraph1 or to use to pay =        
adm9i/rative co/s "u subp>agraph        
7,a77iii7 ( ?is p>agraph1 %all be       
obligat$ by ! ,/ate = exp5diture n lat] 
?an #gd days aft] ! date on :i* ! ,/ate 
receiv$ ! am\nts f ! ,secret>y "u clause

 7i7 or 7ii7 ( p>agraph 7#a77;,a74  7ii7
 ,entitlem5t communities ,( ! am\nts t  
an entitlem5t community receives f !    
,secret>y "u p>agraph 7#a77;,b77i77,i7--
 7,i7 any am\nts t ! entitlem5t         
community provides to a small bus9ess   
em]g5cy fund "u subp>agraph 7,a77i7 (   
?is p>agraph %all be obligat$ by ! small
 bus9ess em]g5cy fund = exp5diture n    
lat] ?an #gd days aft] ! date on :i* !  
entitlem5t community receiv$ ! am\nts2 &
  7,,ii7 any am\nts t ! entitlem5t      
community *ooses to provide to an       
organization "u subp>agraph 7,a77ii7 (  
?is p>agraph1 or to use to pay =        
adm9i/rative co/s "u subp>agraph        
7,a77iii7 ( ?is p>agraph1 %all be       
obligat$ by ! entitlem5t community =    
exp5diture n lat] ?an #gd days aft] !   
date on :i* ! entitlem5t community      
receiv$ ! am\nts4  7iii7 ,non5titlem5t  
communities ,( ! am\nts t a unit ( g5]al
 local gov]nm5t1 or an entity designat$ 
!reby1 locat$ 9 a non5titlem5t area     
receives f a ,/ate "u p>agraph          

7#a77;,c77ii77,i77aa7-- 7,i7 any am\nts 
t ! unit ( g5]al local gov]nm5t or      
entity provides to a small bus9ess      
em]g5cy fund "u subp>agraph 7,a77i7 (   
?is p>agraph %all be obligat$ by ! small
 bus9ess em]g5cy fund = exp5diture n    
lat] ?an #fj days aft] ! date on :i* !  
unit ( g5]al local gov]nm5t or entity   
receiv$ ! am\nts2 &  7,,ii7 any am\nts t
 ! unit ( g5]al local gov]nm5t or entity
 *ooses to provide to a support         
organization "u subp>agraph 7,a77ii7 (  
?is p>agraph or to use to pay =         
adm9i/rative co/s "u subp>agraph        
7,a77iii7 ( ?is p>agraph %all be        
obligat$ by ! unit ( g5]al local        
gov]nm5t or entity = exp5diture n lat]  
?an #fj days aft] ! date on :i* ! unit (
 g5]al local gov]nm5t or entity receiv$ 
! am\nts4  7,d7 ,recov]y ( unobligat$   
funds ,if a ,/ate1 entitlem5t community1
 o!r unit ( g5]al local gov]nm5t1 entity
 designat$ by a unit ( g5]al local      
gov]nm5t1 or small bus9ess em]g5cy fund 
fails to obligate am\nts by ! applicable

 deadl9e "u subp>agraph 7,c71 !         
,secret>y %all recov] ! am\nt ( ^?      
am\nts t rema9 unobligat$1 z ( t        
deadl9e4  7,e7 ,collaboration ,x is !   
s5se ( ,congress t-- 7i7 an entitlem5t  
community t receives am\nts allocat$ "u 
p>agraph 7#a77;,b77i77,i7 %\ld          
collaborate ) ! applicable local entity 
responsible = economic developm5t &     
small bus9ess developm5t 9 e/abli%+ &   
adm9i/]+ a small bus9ess em]g5cy fund2 &
  7ii7 ,/ates1 units ( g5]al local      
gov]nm5t 7includ+ units ( g5]al local   
gov]nm5t locat$ inside & outside        
non5titlem5t areas71 & ,indian ,tribes t
 receive am\nts "u p>agraph 7#a7 & are  
locat$ 9 ! same region %\ld collaborate 
9 e/abli%+ & adm9i/]+ small bus9ess     
em]g5cy funds4  7d7 ,small bus9ess      
em]g5cy funds ,) respect to a small     
bus9ess em]g5cy fund t receives funds f 
an allocation made "u subsection 7c7--  
7#a7 if ! small bus9ess em]g5cy fund    
makes a loan to an eligible entity ) ^? 
funds1 ! small bus9ess em]g5cy fund may 

use am\nts return$ to ! small bus9ess   
em]g5cy fund f ! repaym5t ( ! loan to   
provide fur!r assi/ance to eligible     
entities )\t reg>d to ! t]m9ation date  
describ$ 9 subsection 7i72 &  7#b7 !    
small bus9ess em]g5cy fund %all conduct 
outrea* to eligible entities t are less 
likely to p>ticipate 9 programs e/abli%$
 "u ! ,,c>es ,act 7,public ,law         
#aaf-acf2 #acd ,/at4 #bha7 & ! am5dm5ts 
made by t ,act1 includ+ m9ority-own$    
entities1 bus9esses 9 l[-income         
communities1 bus9esses 9 rural & ,tribal
 areas1 & o!r bus9esses t are und]s]v$  
by ! traditional bank+ sy/em4  7e7      
,in=mation ga!r+  7#a7 ,9 g5]al ,:5     
provid+ assi/ance to an eligible entity 
) funds receiv$ f an allocation made "u 
subsection 7c71 ! entity provid+        
assi/ance %all-- 7,a7 inquire :e!r !    
eligible entity is-- 7i7 9 ! case ( an  
eligible entity t is a bus9ess entity or
 a nonpr(it organization1 a wom5-own$   
entity or a m9ority-own$ entity2 &  7ii7
 9 ! case ( an eligible entity :o is an 

individual1 a woman or a m9ority2 &     
7,b7 ma9ta9 a record ( ! responses to   
ea* inquiry conduct$ "u subp>agraph     
7,a71 :i* ! entity %all promptly submit 
to ! applicable ,/ate1 unit ( g5]al     
local gov]nm5t1 or ,indian ,tribe4  7#b7
 ,"r to refuse ,an eligible entity may  
refuse to provide any in=mation reque/$ 
"u p>agraph 7#a77;,a74  7f7 ,report+    
7#a7 ,9 g5]al ,n lat] ?an #cj days aft] 
! date on :i* a ,/ate1 unit ( g5]al     
local gov]nm5t1 or ,indian ,tribe       
initially receives an allocation made "u
 subsection 7c71 & n lat] ?an #ad days  
aft] ! date on :i* t ,/ate1 unit ( local
 gov]nm5t1 or ,indian ,tribe completes !
 full exp5diture ( t allocation1 t      
,/ate1 unit ( g5]al local gov]nm5t1 or  
,indian ,tribe %all submit to !         
,secret>y a report t includes-- 7,a7 !  
numb] ( recipi5ts ( assi/ance made      
available f ! allocation2  7,b7 ! total 
am\nt1 & type1 ( assi/ance made         
available f ! allocation2  7,c7 to !    
ext5t applicable1 ) respect to ea*      

recipi5t describ$ 9 subp>agraph 7,a71   
in=mation reg>d+ ! indu/ry ( ! recipi5t1
 ! am\nt ( assi/ance receiv$ by !       
recipi5t1 ! annual sales ( ! recipi5t1 &
 ! numb] ( employees ( ! recipi5t2  7,d7
 to ! ext5t available f in=mation       
collect$ "u subsection 7e71 in=mation   
reg>d+ ! numb] ( recipi5ts describ$ 9   
subp>agraph 7,a7 t are m9ority-own$     
entities1 m9orities1 wom51 & wom5-own$  
entities2  7,e7 ! zip code ( ea*        
recipi5t describ$ 9 subp>agraph 7,a72 & 
7,f7 any o!r in=mation t ! ,secret>y1 9 
! sole discretion ( ! ,secret>y1        
det]m9es to be necess>y to c>ry out !   
,program4  7#b7 ,public availability ,z 
soon z is practicable aft] receiv+ ea*  
report submitt$ "u p>agraph 7#a71 !     
,secret>y %all make ! in=mation conta9$ 
9 ! report1 includ+ all ( ! in=mation   
describ$ 9 subp>agraphs 7,a7 ?r\gh 7,f7 
( t p>agraph1 publicly available4  7g7  
,rules & guidance ,! ,secret>y1 9       
consultation ) ! ,adm9i/rator1 %all     
issue any rules & guidance t are        

necess>y to c>ry out ! ,program1 includ+
 by e/abli%+ appropriate compliance &   
report+ requirem5ts1 9 addition to !    
report+ requirem5ts "u subsection 7f74  
7h7 ,appropriation ,!re are appropriat$ 
to ! ,secret>y = fiscal ye> #bjbj1 out (
 am\nts 9 ! ,treasury n o!rwise         
appropriat$1 #ej1ejj1jjj1jjj to c>ry out
 ! ,program1 :i* %all rema9 available   
until ! t]m9ation date describ$ 9       
subsection 7i74  7i7 ,t]m9ation ,!      
,program1 & any rules & guidance issu$  
"u subsection 7g7 ) respect to !        
,program1 %all t]m9ate on ! date t is #a
 ye> aft] ! date ( enactm5t ( ?is ,act4