,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fiah  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ai1 #bjbj ,ms4 
,jayapal 7for herself1 ,ms4 ,stevens1   
,mr4 ,schiff1 ,mr4 ,casten of ,illinois1
 ,mr4 ,pocan1 ,ms4 ,porter1 ,ms4        
,escobar1 ,ms4 ,adams1 ,ms4 ,bass1 ,mrs4
 ,beatty1 ,mr4 ,beyer1 ,mr4 ,blumenauer1
 ,ms4 ,blunt ,rochester1 ,ms4 ,bonamici1
 ,mr4 ,brendan ,f4 ,boyle of            
,pennsylvania1 ,ms4 ,brownley of        
,california1 ,mr4 ,castro of ,texas1    
,mr4 ,carson of ,indiana1 ,ms4 ,judy    
,chu of ,california1 ,mr4 ,cicilline1   
,ms4 ,clark of ,massachusetts1 ,ms4     
,clarke of ,new ,york1 ,mr4 ,cleaver1   
,mr4 ,cohen1 ,mr4 ,connolly1 ,mr4       
,de,fazio1 ,ms4 ,de,lauro1 ,mrs4        
,dingell1 ,mr4 ,espaillat1 ,mr4 ,evans1 
,ms4 ,fudge1 ,mr4 ,garca of ,illinois1  
,ms4 ,garcia of ,texas1 ,mr4 ,grijalva1 
,ms4 ,haaland1 ,mr4 ,hastings1 ,mrs4    
,hayes1 ,mr4 ,heck1 ,mr4 ,horsford1 ,ms4
 ,jackson ,lee1 ,mr4 ,jeffries1 ,mr4    
,johnson of ,georgia1 ,mr4 ,kennedy1    

,mr4 ,larson of ,connecticut1 ,ms4 ,lee 
of ,california1 ,mr4 ,levin of          
,michigan1 ,mr4 ,levin of ,california1  
,mr4 ,ted ,lieu of ,california1 ,mr4    
,lowenthal1 ,mr4 ,malinowski1 ,mrs4     
,carolyn ,b4 ,maloney of ,new ,york1    
,mr4 ,mc,govern1 ,ms4 ,meng1 ,mr4       
,morelle1 ,mr4 ,nadler1 ,mrs4           
,napolitano1 ,mr4 ,neguse1 ,ms4 ,norton1
 ,ms4 ,ocasio-,cortez1 ,ms4 ,omar1 ,mr4 
,pallone1 ,ms4 ,pingree1 ,ms4 ,pressley1
 ,mr4 ,raskin1 ,mr4 ,richmond1 ,ms4     
,roybal-,allard1 ,mr4 ,rush1 ,mr4       
,sarbanes1 ,ms4 ,scanlon1 ,ms4          
,schakowsky1 ,ms4 ,schrier1 ,ms4        
,shalala1 ,mr4 ,smith of ,washington1   
,mr4 ,soto1 ,ms4 ,speier1 ,mr4 ,suozzi1 
,ms4 ,tlaib1 ,mrs4 ,trahan1 ,mr4        
,vargas1 ,mr4 ,vela1 ,ms4 ,velzquez1    
,mrs4 ,watson ,coleman1 ,mr4 ,welch1    
,mr4 ,khanna1 ,ms4 ,barragn1 ,mr4       
,butterfield1 ,mr4 ,clyburn1 ,ms4       
,sherrill1 ,mr4 ,serrano1 ,mr4 ,gonzalez
 of ,texas1 ,mr4 ,ryan1 ,mr4 ,gallego1  
and ,mrs4 ,kirkpatrick7 introduced the  

following bill2 which was referred to   
the ,committee on ,financial ,services1 
and in addition to the ,committees on   
the ,judiciary1 and ,energy and         
,commerce1 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 direct the ,secretary of 
the ,treasury to establish a grant      
program for employers adversely affected
 by ,,covid-#ai1 and for other purposes4
  #a4 ,short title2 table of contents   
7a7 ,short title ,this ,act may be cited
 as the ,paycheck ,recovery ,act of     
#bjbj4  7b7 ,table of contents ,the     
table of contents for this ,act is as   
follows3  ,sec4 #a4 ,short title2 table 
of contents4 ,sec4 #b4 ,paycheck        
recovery program4 ,sec4 #c4 ,conditions 
in general4 ,sec4 #d4 ,conditions       
relating to labor protections4 ,sec4 #e4
 ,application of bankruptcy provisions4 
,sec4 #f4 ,rehiring bonus and ,pandemic 

,unemployment ,compensation4 ,sec4 #g4  
,audits and penalties4 ,sec4 #h4        
,paycheck ,recovery ,program            
,implementation ,oversight ,board4 ,sec4
 #i4 ,severability4 ,sec4 #aj4          
,definitions4  #b4 ,paycheck recovery   
program  7a7 ,program authorized ,the   
,secretary of the ,treasury 7in this    
,act referred to as the ,secretary7     
shall establish a grant program 7in this
 ,act referred to as the ,program7 to   
award grants to carry out the activities
 described in subsection 7f74  7b7      
,eligibility  7#a7 ,loss of revenue and 
small businesses  7,a7 ,loss of revenue 
eligibility ,the ,secretary shall award 
a grant under the ,program to an        
employer that submits an application    
under subsection 7c7 and has            
experienced1 or anticipates             
experiencing1 a loss of revenue as a    
result of the coronavirus disease #bjai 
7,,covid-#ai7--  7i7 for an employer    
that is not a new employer1 in an amount
 that is at least #aj percent of the    

gross receipts of the employer for the  
corresponding #bjai period that relates 
to the calendar quarter in which the    
employer submits such application2 or   
7ii7 for a new employer1 in an amount   
that is at least #aj percent of the     
gross receipts of the new employer for  
the period for which the new employer   
most recently filed employment tax      
information with the ,secretary4  7,b7  
,small business eligibility ,regardless 
of whether the employer meets the       
requirements of subparagraph 7,a71 the  
,secretary shall award a grant under the
 ,program to an employer that submits an
 application under subsection 7c7 if--  
7i7 the employer employed #bj or fewer  
employees on ,march #a1 #bjbj2 and  7ii7
 the annual gross receipts of such      
employer for #bjai is an amount less    
than #c1jjj1jjj or1 in the case of a new
 employer1 the projected annual gross   
receipts of such new employer           
7calculated by determining the median   
amount of gross receipts for the months 

for which the new employer has been in  
existence and multiplying the amount by 
#ab7 is an amount less than #c1jjj1jjj4 
7#b7 ,interaction with other programs   
7,a7 ,in general ,an employer is not    
eligible to receive a grant under the   
,program if the employer is             
simultaneously receiving assistance     
under--  7i7 an employee retention tax  
credit pursuant to section #bcja of the 
,,cares ,act 7,public ,law #aaf-acf72   
7ii7 the ,exchange ,stabilization ,fund 
established under section #ecjb of title
 #ca1 ,united ,states ,code2  7iii7 a   
covered loan under section #g7;a77#cf7  
of the ,small ,business ,act 7#ae       
,u4,s4,c4 #fcf7;a77#cf772 or  7iv7 a    
,main ,street ,lending ,program of the  
,federal ,reserve ,system4  7,b7        
,conversion of assistance from other    
programs ,the ,secretary shall take such
 steps as are necessary to establish a  
process by which an employer who has    
received assistance under a program     
specified in subparagraph 7,a7 may      

convert such assistance into a grant    
under the ,program4  7#c7 ,stay-at-home 
orders ,the existence or nonexistence of
 a stay-at-home order issued as a result
 of ,,covid-#ai by the government of the
 ,state or locality in which an employer
 operates shall have no effect on the   
eligibility of the employer under the   
,program4  7c7 ,applications  7#a7 ,in  
general ,except as provided in paragraph
 7#b71 to receive a grant under the     
,program1 an eligible employer shall    
submit to the ,secretary an application 
in such form1 at such time1 and         
containing such information the         
,secretary determines appropriate1 which
 shall include at a minimum a sworn     
declaration attesting to any loss of    
revenue experienced1 or anticipated to  
be experienced1 by the employer as a    
result of ,,covid-#ai4  7#b7 ,small     
businesses  7,a7 ,application ,the      
,secretary shall not require an employer
 that is eligible under subsection      
7b77#a77;,b7 to include in an           

application for a grant under the       
,program a sworn declaration attesting  
to any loss of revenue experienced1 or  
anticipated to be experienced1 by the   
employer as a result of ,,covid-#ai4    
7,b7 ,outreach and technical assistance 
,the ,secretary shall conduct outreach  
and provide technical assistance to     
small businesses to assist eligible     
small businesses in applying for grants 
under the ,program4  7d7 ,amount of     
grant  7#a7 ,initial grant ,under the   
,program1 the ,secretary shall provide  
to an eligible employer an initial grant
 in an amount that is equal to the sum  
of--  7,a7 except as provided in        
paragraph 7#c7 and subject to paragraph 
7#d7-- 7i7 for an employer that is not a
 new employer1 an amount calculated by  
multiplying the percentage of           
experienced or anticipated loss of      
revenue attested to in subsection 7c7 by
 the amount of wages provided by the    
employer to any covered employees or    
covered former employees during the     

corresponding #bjai period that relates 
to the period--  7,i7 beginning on the  
date that is the later of ,march #a1    
#bjbj1 or the date on which the employer
 became eligible under subsection 7b72  
and  7,,ii7 ending on the date that is  
#ij days after the date on which the    
,secretary provides the initial grant2  
or  7ii7 for a new employer1 an amount  
calculated by multiplying the percentage
 of experienced or anticipated loss of  
revenue attested to in subsection 7c7 by
 an amount determined by the ,secretary 
based on the employment tax information 
statement filed with the ,secretary by  
the new employer for the most recent    
month2 and  7,b7 the amount that is #be 
percent of the amount of wages provided 
by the employer to any covered employees
 or covered former employees during--   
7i7 for an employer that is not a new   
employer1 the corresponding #bjai period
 specified in subparagraph 7,a77i72 or  
7ii7 for a new employer1 the most recent
 month for which the new employer filed 

an employment tax information statement 
with the ,secretary4  7#b7 ,subsequent  
grants ,with respect to the first full  
month beginning #ij days after the date 
on which the ,secretary provides to an  
eligible employer an initial grant under
 paragraph 7#a71 and each month         
thereafter until the date on which the  
,secretary terminates the program1 the  
,secretary shall provide to such        
employer a grant in an amount that is   
equal to the sum of-- 7,a7 except as    
provided in paragraph 7#c7 and subject  
to paragraph 7#d7--  7i7 for an employer
 that is not a new employer1 an amount  
calculated by multiplying the percentage
 of experienced or anticipated loss of  
revenue attested to in subsection 7c7 by
 the amount of wages provided by the    
employer to covered employees and       
covered former employees during the     
corresponding #bjai period that relates 
to such month2 or  7ii7 for a new       
employer1 an amount calculated by       
multiplying the percentage of           

experienced or anticipated loss of      
revenue attested to in subsection 7c7 by
 an amount determined by the ,secretary 
based on the employment tax information 
statement filed with the ,secretary by  
the new employer for the most recent    
month2 and  7,b7 the amount that is #be 
percent of the amount of the amount of  
wages provided by the employer to any   
covered employees or covered former     
employees during-- 7i7 for an employer  
that is not a new employer1 the         
corresponding #bjai period that relates 
to such month2 or  7ii7 for a new       
employer1 the most recent month for     
which the new employer filed an         
employment tax information statement    
with the ,secretary4  7#c7 ,small       
business amounts ,in calculating the    
amount of an initial or subsequent grant
 under the ,program for an employer that
 was determined eligible under          
subsection 7b77#a77;,b71 the ,secretary 
shall add--  7,a7 subject to paragraph  
7#d71 the amount of wages provided by   

the employer to any covered employees or
 covered former employees during the    
period specified in paragraph 7#a71 for 
an initial grant1 or paragraph 7#b71 for
 a subsequent grant2 and  7,b7 the      
amount that is #be percent of the amount
 of wages provided by the employer to   
any covered employees or covered former 
employees during such period4  7#d7     
,salary limitation ,the amount of wages 
7excluding any benefits7 provided by an 
employer to any covered employee or     
covered former employee of the employer 
which may be taken into account to      
determine a grant amount under this     
subsection shall not exceed #ij1jjj in  
annual salary 7excluding any benefits7  
per employee4  7#e7 ,regulations ,the   
,secretary may promulgate regulations on
 the formula for determining grant      
amounts pursuant to this subsection4    
7e7 ,condition on acceptance of funds   
,before accepting grant funds awarded   
under the ,program1 an employer shall   
enter into an agreement with the        

,secretary1 or otherwise certify1 as    
determined appropriate by the           
,secretary1 that the employer shall     
comply with each condition required     
under this section and sections #c and  
#d4  7f7 ,use of funds ,grant funds     
awarded under the ,program may only be  
used as follows3  7#a7 ,grant funds in  
amounts determined under paragraphs     
7#a77;,a71 7#b77;,a71 or 7#c77;,a7 of   
subsection 7d7 may be used to pay any   
covered employees or covered former     
employees the amount of wages 7subject  
to the salary limitation in subsection  
7d77#d77 provided by the employer to    
such employees-- 7,a7 for an employer   
that is not a new employer1 during the  
corresponding #bjai period 7adjusted1 in
 the case of amounts determined under   
paragraphs 7#a77;,a7 or 7#b77;,a71 for  
the percentage of experienced or        
anticipated loss of revenue attested to 
in subsection 7c772 or  7,b7 for a new  
employer1 during the corresponding      
period for which the employer most      

recently filed with the ,secretary an   
employment tax information statement    
7adjusted1 in the case of amounts       
determined under paragraphs 7#a77;,a7 or
 7#b77;,a71 for the percentage of       
experienced or anticipated loss of      
revenue attested to in subsection 7c774 
7#b7 ,grant funds in amounts determined 
under paragraphs 7#a77;,b71 7#b77;,b71  
or 7#c77;,b7 of subsection 7d7 may be   
used to pay fixed expenses of the       
employer1 including expenses relating to
 rent1 utilities1 mortgage payments1    
costs associated with vehicles or       
equipment1 and costs necessary to       
protect against or minimize the effects 
of ,,covid-#ai1 including the cost of   
safety equipment4  7g7 ,repayment of    
funds ,if a covered employee or covered 
former employee of an employer receiving
 a grant under the ,program quits or is 
terminated for cause during a month for 
which the employer receives grant funds1
 the employer shall be required to repay
 to the ,department of ,treasury1 on a  

no-interest basis and by the date that  
is not later than two years after the   
date on which such employee quits or is 
terminated1 the pro rata grant amount   
received with respect to the wages of   
such employee4  7h7 ,termination  7#a7  
,in general ,the ,secretary shall       
terminate the ,program on the date on   
which the seasonally adjusted           
unemployment rate has remained below    
seven percent1 as measured by the       
,bureau of ,labor ,statistics1 for three
 consecutive months4  7#b7 ,notice of   
potential termination ,the ,secretary   
shall publish in the ,federal ,register 
notice of potential termination of the  
,program on any date on which the       
seasonally adjusted unemployment rate   
has remained below seven percent1 as    
measured by the ,bureau of ,labor       
,statistics1 for two consecutive months4
  #c4 ,conditions in general  7a7 ,share
 repurchases ,an employer receiving a   
grant under the ,program may not        
purchase an equity interest of the      

employer on a national securities       
exchange4  7b7 ,payments to shareholders
 or bondholders ,an employer receiving a
 grant under the ,program may not use   
grant funds awarded under the ,program  
to make any distribution of funds1      
including stock dividends1 to           
shareholders or bondholders of the      
employer4  7c7 ,executive bonuses ,an   
employer receiving a grant under the    
,program may not award an executive     
bonus to an employee of the employer    
during the period beginning on the date 
on which the employer receives an       
initial grant under the ,program and    
ending on the date on which the         
,secretary terminates the ,program4  7d7
 ,executive compensation ,if an employer
 receiving a grant under the ,program   
employs a chief executive officer1      
during the period beginning on the date 
on which the employer receives an       
initial grant under the ,program and    
ending on the date on which the         
,secretary terminates the ,program1 the 

employer may not provide to the chief   
executive officer-- 7#a7 annual wages in
 excess of the amount that is--  7,a7   
for an employer that is not a new       
employer1 #ej times the median of the   
wages provided by the employer to       
employees of the employer in #bjai2 or  
7,b7 for a new employer1 #ej times the  
annual median of wages provided by the  
employer to employees of the employer   
7calculated by determining the median   
amount of monthly wages paid during the 
months for which the new employer has   
been in existence and multiplying the   
amount by #ab72 and  7#b7 in the case of
 termination of employment with the     
employer1 severance pay or other        
benefits relating to the termination in 
excess of twice the amount of-- 7,a7 for
 an employer that is not a new employer1
 wages provided by the employer to the  
chief executive officer in #bjai2 or    
7,b7 for a new employer1 the projected  
annual median of wages provided by the  
employer to the chief executive officer 

7calculated by determining the median   
amount of monthly wages paid during the 
months for which the new employer has   
been in existence and multiplying the   
amount by #ab74  #d4 ,conditions        
relating to labor protections  7a7      
,maintenance of workforce2 collective   
bargaining ,during the period beginning 
on the date on which an employer        
receives an initial grant under the     
,program and ending on the date that is 
#ij days after the date on which the    
,secretary terminates the ,program--    
7#a7 the employer shall make a          
good-faith effort to rehire and maintain
 covered former employees who were      
employed by the employer on or prior to 
,march #a1 #bjbj2  7#b7 the employer    
shall compensate the covered former     
employees rehired and maintained under  
paragraph 7#a7 at a level that is not   
less than the level of wages received by
 the covered former employees prior to  
,march #a1 #bjbj2  7#c7 the employer may
 not abrogate any collective bargaining 

agreement entered into by the employer  
and the authorized representatives of   
the employees of the employer and in    
force on ,march #a1 #bjbj2  7#d7 the    
employer shall remain neutral in any    
union organizing effort2 and  7#e7 the  
employer shall refrain from conducting  
involuntary furloughs or reducing pay   
rates of the employees of the employer4 
7b7 ,working and travel conditions ,for 
the duration of the national emergency  
declared by the ,president under the    
,national ,emergencies ,act 7#ej        
,u4,s4,c4 #afja et seq47 with respect to
 ,,covid-#ai1 an employer receiving a   
grant under the ,program shall adhere to
 guidance published by the ,director of 
the ,centers for ,disease ,control and  
,prevention and all applicable public   
health authorities for providing safe   
conditions for employees1 including by  
providing employees with adequate       
personal protective equipment and       
ensuring all facilities owned or        
operated by the employer are clean and  

sanitary4  #e4 ,application of          
bankruptcy provisions ,in the case of an
 employer receiving a grant under the   
,program that is a debtor under title   
#aa of the ,united ,states ,code1       
,s4#beah 7#aaeth ,cong47 shall be deemed
 to be enacted4  #f4 ,rehiring bonus and
 ,pandemic ,unemployment ,compensation  
7a7 ,rehiring bonus ,the ,secretary may 
award to any covered former employee of 
an employer receiving a grant under the 
,program a rehiring bonus in the amount 
of #a1ejj if the covered former         
employee--  7#a7 has been rehired or has
 otherwise returned to employment with  
the employer with the assistance of such
 grant2 and  7#b7 earned less than      
#dj1jjj in wages in #bjai4  7b7         
,disregard of additional compensation   
for purposes of ,medicaid and ,,chip    
,the monthly equivalent of any rehiring 
bonus paid to a covered former employee 
under subsection 7a7 shall be           
disregarded when determining income for 
any purpose under the programs          

established under titles ,,xix and title
 ,,xxi of the ,social ,security ,act    
7#db ,u4,s4,c4 #acif et seq41 #acig;aa  
et seq474  7c7 ,additional rehiring     
bonus ,if the ,pandemic ,unemployment   
,compensation program established under 
the ,relief for ,workers ,affected by   
,coronavirus ,act 7title ,,ii of        
division ,a of ,public ,law #aaf-acf7   
continues after ,july #ca1 #bjbj1 a     
covered former employee that received a 
rehiring bonus under subsection 7a7     
shall be eligible for a #a1bjj monthly  
stimulus check for every month that the 
,pandemic ,unemployment ,compensation   
program is extended4  #g4 ,audits and   
penalties  7a7 ,audits ,not later than  
one year after a grant is awarded under 
the ,program1 the ,inspector ,general of
 the ,department of ,treasury 7in this  
section referred to as the ,inspector   
,general7 shall audit the grant         
recipient to determine-- 7#a7 the amount
 of loss of revenue the grant recipient 
experienced as a result of ,,covid-#ai2 

and  7#b7 whether any instance of       
overpayment occurred with respect to the
 grant4  7b7 ,loss of revenue  7#a7 ,in 
general ,except as provided in paragraph
 7#b71 a grant recipient under the      
,program shall be required to repay to  
the ,department of ,treasury 7on a      
no-interest basis and by a date         
determined by the ,secretary that is not
 later than five years after the date on
 which the ,secretary terminates the    
,program7 the total amount of grant     
funds received under the ,program if1 as
 a result of an audit conducted under   
subsection 7a71 the ,inspector ,general 
determines--  7,a7 in the case of a     
grant recipient that is not a new       
employer1 that the grant recipient did  
not experience a decline in gross       
receipts1 during a calendar year after  
receiving the grant1 in an amount that  
was at least #aj percent of the gross   
receipts of the employer for #bjai2 or  
7,b7 in the case of a grant recipient   
that is a new employer1 that the grant  

recipient did not experience a decline  
in gross receipts1 during a period that 
corresponds with the period for which   
the new employer had most recently filed
 employment tax information with the    
,secretary prior to submitting the grant
 application under section #b7;c71 in an
 amount that was at least #aj percent of
 the gross receipts of the new employer 
for such period4  7#b7 ,small business  
exception ,a grant recipient that was   
determined eligible for a grant under   
the ,program pursuant to section        
#b7;b77#a77;,b7 shall not be subject to 
this subsection4  7c7 ,overpayment      
penalties  7#a7 ,fraudulent overpayment 
,if1 as a result of an audit conducted  
under subsection 7a71 the ,inspector    
,general determines that an individual  
knowingly has made1 or caused to be made
 by another1 a false statement or       
representation of a material fact1 or   
knowingly has failed1 or caused another 
to fail1 to disclose a material fact1   
and as a result of such false statement 

or representation or of such            
non-disclosure the individual has       
received an amount under the ,program to
 which the individual was not entitled--
  7,a7 the ,inspector ,general shall    
notify the individual of such           
determination2 and  7,b7 the            
individual--  7i7 shall be ineligible   
for subsequent grants under the         
,program2 and  7ii7 shall be required to
 repay to the ,department of ,treasury  
the amount to which the individual was  
not entitled by a date determined by the
 ,secretary that is not later than two  
years after the date on which the       
,secretary terminates the ,program4     
7#b7 ,non-fraudulent overpayment ,if1 as
 a result of an audit conducted under   
subsection 7a71 the ,inspector ,general 
determines that an individual has       
received an amount under the ,program to
 which the individual was not entitled  
as the result of an action that is not  
specified in paragraph 7#a7-- 7,a7 the  
,inspector ,general shall notify the    

individual of such determination2 and   
7,b7 the individual shall be required to
 repay to the ,department of ,treasury1 
on a no-interest basis1 the amount to   
which the individual was not entitled by
 the date that is not later than two    
years after the date on which the       
,inspector ,general notified the        
individual under subparagraph 7,a74  #h4
 ,paycheck ,recovery ,program           
,implementation ,oversight ,board  7a7  
,establishment ,there is established in 
the legislative branch a ,congressional 
,paycheck ,recovery ,program            
,implementation ,oversight ,board 7in   
this section referred to as the         
,oversight ,board74  7b7 ,duties ,the   
duties of the ,oversight ,board shall be
 to conduct oversight to ensure that an 
employer receiving a grant under the    
,program uses the grant funds in        
accordance with section 7#b77;f7 and    
complies with the conditions agreed to  
under section 7#b77;e74  7c7 ,membership
  7#a7 ,number and ,appointment ,the    

,oversight ,board shall be composed of  
#ab members appointed by the ,speaker of
 the ,house of ,representatives and the 
majority leader of the ,senate as       
follows3  7,a7 ,four members of         
,congress appointed upon the            
recommendation of the minority leaders  
of the ,house of ,representatives and   
the ,senate4  7,b7 ,four representatives
 from the private sector1 including     
labor unions and management             
representatives4  7,c7 ,four            
representatives from ,state or local    
government4  7#b7 ,chairperson ,the     
chairperson of the ,oversight ,board    
shall be a member of the ,oversight     
,board designated by the ,speaker of the
 ,house of ,representatives and the     
majority leader of the ,senate4  7#c7   
,vice chairperson ,the vice chairperson 
of the ,oversight ,board shall be a     
member of the ,oversight ,board         
designated by the ,speaker of the ,house
 of ,representatives and the majority   
leader of the ,senate upon the          

recommendation of the minority leaders  
of the ,house of ,representatives and   
the ,senate4  7#d7 ,vacancies ,a vacancy
 in the ,oversight ,board shall be      
filled in the same manner in which the  
original appointment was made4  7d7     
,additional authorities  7#a7 ,subpoena 
,the ,oversight ,board may issue        
subpoenas requiring the attendance and  
testimony of witnesses and the          
production of any evidence relating to  
any matter the ,oversight ,board is     
empowered to investigate under          
subsection 7b74 ,the attendance of      
witnesses and the production of evidence
 may be required from any place within  
the ,united ,states at any designated   
place of hearing within the ,united     
,states4  7#b7 ,obtaining official data 
,the ,oversight ,board may secure       
directly from the ,internal ,revenue    
,service information necessary to enable
 it to carry out this section4 ,upon    
request of the ,chairperson of the      
,oversight ,board1 the ,commissioner of 

,internal ,revenue shall furnish such   
information to the ,oversight ,board4   
7e7 ,termination ,the ,oversight ,board1
 and its authorities under this section1
 shall terminate on the expiration of   
the #ae-;day period beginning on the    
date on which the ,secretary terminates 
the ,program4  #i4 ,severability ,if any
 provision of this ,act 7or the         
application of such provision to any    
person or circumstance7 is held invalid1
 the remainder of this ,act 7or the     
application of such provision to other  
persons or circumstances7 shall not be  
affected4  #aj4 ,definitions ,in this   
,act3 7#a7 ,authorized representative   
,the term authorized representative     
means an exclusive representative of    
employees1 designated and authorized by 
the employees without interference1     
influence1 or coercion by an employer of
 such employees4  7#b7 ,corresponding   
#bjai period ,the term corresponding    
#bjai period means1 with respect to a   
month or period of months1 that same    

month or period of months in #bjai4     
7#c7 ,covered employee ,the term covered
 employee means an individual--  7,a7   
employed by a grant recipient under the 
,program on a full time1 part-time1 or  
other basis2 and  7,b7 who is not       
receiving unemployment compensation1    
,pandemic ,unemployment ,compensation   
under section #bajd of the ,,cares ,act 
7,public ,law #aaf-acf71 or any other   
unemployment benefit while receiving    
funds under the ,program4  7#d7 ,covered
 former employee ,the term covered      
former employee means an individual--   
7,a7 previously employed by a grant     
recipient under the ,program2  7,b7 who 
has been furloughed or laid off by the  
grant recipient as a result of          
,,covid-#ai2 and  7,c7 who is not       
receiving unemployment compensation1    
,pandemic ,unemployment ,compensation   
under section #bajd of the ,,cares ,act 
7,public ,law #aaf-acf71 or any other   
unemployment benefit while receiving    
funds under the ,program4  7#e7         

,eligible self-employed individual ,the 
term eligible self-employed individual  
has the meaning given the term in       
section #gjjb7;b7 of the ,families      
,first ,coronavirus ,response ,act      
7,public ,law #aaf-abg74  7#f7 ,employer
 ,the term employer--  7,a7 has the     
meaning given such term in section #cdja
 of the ,internal ,revenue ,code of     
#aihf 7#bf ,u4,s4,c4 #cdja72 and  7,b7  
includes an eligible self-employed      
individual4  7#g7 ,exchange ,the term   
exchange has the meaning given the term 
in section #c of the ,securities        
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;c74  7#h7 ,national securities      
exchange ,the term national securities  
exchange means an exchange registered   
under section #f of the ,securities     
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;f74  7#i7 ,new employer ,the term   
new employer means an employer          
7including any predecessor7 that was not
 in existence for any taxable year      
ending before ,january #a1 #bjbj4  7#aj7

 ,state ,the term ,state means each of  
the several ,states1 the ,district of   
,columbia1 ,american ,samoa1 ,guam1 the 
,commonwealth of the ,northern ,mariana 
,islands1 the ,commonwealth of ,puerto  
,rico1 the ,virgin ,islands of the      
,united ,states1 and any other territory
 or possession of the ,united ,states4  
7#aa7 ,unemployment compensation ,the   
term unemployment compensation has the  
meaning given such term in section #he  
of the ,internal ,revenue ,code of #aihf
 7#bf ,u4,s4,c4 #he74  7#ab7 ,wages ,the
 terms wages--  7,a7 has the meaning    
given such term in section #caba of the 
,internal ,revenue ,code of #aihf 7#bf  
,u4,s4,c4 #caba72 and  7,b7 includes any
 healthcare benefits provided by an     
employer4