,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fiah ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #ai1 #bjbj ,ms4 ,jayapal 7= h]self1 ,ms4 ,/ev5s1 ,mr4 ,s*iff1 ,mr4 ,ca/5 ( ,ill9ois1 ,mr4 ,pocan1 ,ms4 ,port]1 ,ms4 ,escob>1 ,ms4 ,adams1 ,ms4 ,bass1 ,mrs4 ,beatty1 ,mr4 ,bey]1 ,mr4 ,blum5au]1 ,ms4 ,blunt ,ro*e/]1 ,ms4 ,bonamici1 ,mr4 ,br5dan ,f4 ,boyle ( ,p5nsylvania1 ,ms4 ,br[nley ( ,cali=nia1 ,mr4 ,ca/ro ( ,texas1 ,mr4 ,c>son ( ,indiana1 ,ms4 ,judy ,*u ( ,cali=nia1 ,mr4 ,cicill9e1 ,ms4 ,cl>k ( ,massa*usetts1 ,ms4 ,cl>ke ( ,new ,york1 ,mr4 ,cleav]1 ,mr4 ,coh51 ,mr4 ,connolly1 ,mr4 ,de,fazio1 ,ms4 ,de,lauro1 ,mrs4 ,d+ell1 ,mr4 ,espaillat1 ,mr4 ,evans1 ,ms4 ,fudge1 ,mr4 ,g>ca ( ,ill9ois1 ,ms4 ,g>cia ( ,texas1 ,mr4 ,grijalva1 ,ms4 ,haal&1 ,mr4 ,ha/+s1 ,mrs4 ,hayes1 ,mr4 ,heck1 ,mr4 ,hors=d1 ,ms4 ,jackson ,lee1 ,mr4 ,jeffries1 ,mr4 ,johnson ( ,georgia1 ,mr4 ,k5n$y1 ,mr4 ,l>son ( ,connecticut1 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,lev9 ( ,mi*igan1 ,mr4 ,lev9 ( ,cali=nia1 ,mr4 ,t$ ,lieu ( ,cali=nia1 ,mr4 ,l[5?al1 ,mr4 ,mal9[ski1 ,mrs4 ,c>olyn ,b4 ,maloney ( ,new ,york1 ,mr4 ,mc,govern1 ,ms4 ,m5g1 ,mr4 ,morelle1 ,mr4 ,nadl]1 ,mrs4 ,napolitano1 ,mr4 ,neguse1 ,ms4 ,norton1 ,ms4 ,ocasio-,cortez1 ,ms4 ,om>1 ,mr4 ,pallone1 ,ms4 ,p+ree1 ,ms4 ,pressley1 ,mr4 ,rask91 ,mr4 ,ri*mond1 ,ms4 ,roybal-,all>d1 ,mr4 ,ru%1 ,mr4 ,s>banes1 ,ms4 ,scanlon1 ,ms4 ,s*ak[sky1 ,ms4 ,s*ri]1 ,ms4 ,%alala1 ,mr4 ,smi? ( ,wa%+ton1 ,mr4 ,soto1 ,ms4 ,spei]1 ,mr4 ,suozzi1 ,ms4 ,tlaib1 ,mrs4 ,trahan1 ,mr4 ,v>gas1 ,mr4 ,vela1 ,ms4 ,velzquez1 ,mrs4 ,watson ,coleman1 ,mr4 ,wel*1 ,mr4 ,khanna1 ,ms4 ,b>ragn1 ,mr4 ,butt]field1 ,mr4 ,clyburn1 ,ms4 ,%]rill1 ,mr4 ,s]rano1 ,mr4 ,gonzalez ( ,texas1 ,mr4 ,ryan1 ,mr4 ,gallego1 & ,mrs4 ,kirkpatrick7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices1 & 9 addition to ! ,committees on ! ,judici>y1 & ,en]gy & ,comm]ce1 = 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 direct ! ,secret>y ( ! ,treasury to e/abli% a grant program = employ]s adv]sely affect$ by ,,covid-#ai1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,pay*eck ,recov]y ,act ( #bjbj4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,pay*eck recov]y program4 ,sec4 #c4 ,conditions 9 g5]al4 ,sec4 #d4 ,conditions relat+ to labor protections4 ,sec4 #e4 ,application ( bankruptcy provisions4 ,sec4 #f4 ,rehir+ bonus & ,p&emic ,unemploym5t ,comp5sation4 ,sec4 #g4 ,audits & p5alties4 ,sec4 #h4 ,pay*eck ,recov]y ,program ,implem5tation ,ov]sight ,bo>d4 ,sec4 #i4 ,sev]ability4 ,sec4 #aj4 ,def9itions4 #b4 ,pay*eck recov]y program 7a7 ,program au?oriz$ ,! ,secret>y ( ! ,treasury 79 ?is ,act ref]r$ to z ! ,secret>y7 %all e/abli% a grant program 79 ?is ,act ref]r$ to z ! ,program7 to aw>d grants to c>ry out ! activities describ$ 9 subsection 7f74 7b7 ,eligibility 7#a7 ,loss ( rev5ue & small bus9esses 7,a7 ,loss ( rev5ue eligibility ,! ,secret>y %all aw>d a grant "u ! ,program to an employ] t submits an application "u subsection 7c7 & has exp]i5c$1 or anticipates exp]i5c+1 a loss ( rev5ue z a result ( ! coronavirus disease #bjai 7,,covid-#ai7-- 7i7 = an employ] t is n a new employ]1 9 an am\nt t is at lea/ #aj p]c5t ( ! gross receipts ( ! employ] = ! correspond+ #bjai p]iod t relates to ! cal5d> qu>t] 9 :i* ! employ] submits su* application2 or 7ii7 = a new employ]1 9 an am\nt t is at lea/ #aj p]c5t ( ! gross receipts ( ! new employ] = ! p]iod = :i* ! new employ] mo/ rec5tly fil$ employm5t tax in=mation ) ! ,secret>y4 7,b7 ,small bus9ess eligibility ,reg>dless ( :e!r ! employ] meets ! requirem5ts ( subp>agraph 7,a71 ! ,secret>y %all aw>d a grant "u ! ,program to an employ] t submits an application "u subsection 7c7 if-- 7i7 ! employ] employ$ #bj or few] employees on ,m>* #a1 #bjbj2 & 7ii7 ! annual gross receipts ( su* employ] = #bjai is an am\nt less ?an #c1jjj1jjj or1 9 ! case ( a new employ]1 ! project$ annual gross receipts ( su* new employ] 7calculat$ by det]m9+ ! m$ian am\nt ( gross receipts = ! mon?s = :i* ! new employ] has be5 9 exi/5ce & multiply+ ! am\nt by #ab7 is an am\nt less ?an #c1jjj1jjj4 7#b7 ,int]action ) o!r programs 7,a7 ,9 g5]al ,an employ] is n eligible to receive a grant "u ! ,program if ! employ] is simultane\sly receiv+ assi/ance "u-- 7i7 an employee ret5tion tax cr$it pursuant to section #bcja ( ! ,,c>es ,act 7,public ,law #aaf-acf72 7ii7 ! ,ex*ange ,/abilization ,fund e/abli%$ "u section #ecjb ( title #ca1 ,unit$ ,/ates ,code2 7iii7 a cov]$ loan "u section #g7;a77#cf7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf772 or 7iv7 a ,ma9 ,/reet ,l5d+ ,program ( ! ,f$]al ,res]ve ,sy/em4 7,b7 ,conv]sion ( assi/ance f o!r programs ,! ,secret>y %all take su* /eps z are necess>y to e/abli% a process by :i* an employ] :o has receiv$ assi/ance "u a program specifi$ 9 subp>agraph 7,a7 may conv]t su* assi/ance into a grant "u ! ,program4 7#c7 ,/ay-at-home ord]s ,! exi/5ce or nonexi/5ce ( a /ay-at-home ord] issu$ z a result ( ,,covid-#ai by ! gov]nm5t ( ! ,/ate or locality 9 :i* an employ] op]ates %all h no effect on ! eligibility ( ! employ] "u ! ,program4 7c7 ,applications 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 to receive a grant "u ! ,program1 an eligible employ] %all submit to ! ,secret>y an application 9 su* =m1 at su* "t1 & conta9+ su* in=mation ! ,secret>y det]m9es appropriate1 :i* %all include at a m9imum a sworn decl>ation atte/+ to any loss ( rev5ue exp]i5c$1 or anticipat$ to be exp]i5c$1 by ! employ] z a result ( ,,covid-#ai4 7#b7 ,small bus9esses 7,a7 ,application ,! ,secret>y %all n require an employ] t is eligible "u subsection 7b77#a77;,b7 to include 9 an application = a grant "u ! ,program a sworn decl>ation atte/+ to any loss ( rev5ue exp]i5c$1 or anticipat$ to be exp]i5c$1 by ! employ] z a result ( ,,covid-#ai4 7,b7 ,outrea* & te*nical assi/ance ,! ,secret>y %all conduct outrea* & provide te*nical assi/ance to small bus9esses to assi/ eligible small bus9esses 9 apply+ = grants "u ! ,program4 7d7 ,am\nt ( grant 7#a7 ,initial grant ,"u ! ,program1 ! ,secret>y %all provide to an eligible employ] an initial grant 9 an am\nt t is equal to ! sum (-- 7,a7 except z provid$ 9 p>agraph 7#c7 & subject to p>agraph 7#d7-- 7i7 = an employ] t is n a new employ]1 an am\nt calculat$ by multiply+ ! p]c5tage ( exp]i5c$ or anticipat$ loss ( rev5ue atte/$ to 9 subsection 7c7 by ! am\nt ( wages provid$ by ! employ] to any cov]$ employees or cov]$ =m] employees dur+ ! correspond+ #bjai p]iod t relates to ! p]iod-- 7,i7 beg9n+ on ! date t is ! lat] ( ,m>* #a1 #bjbj1 or ! date on :i* ! employ] became eligible "u subsection 7b72 & 7,,ii7 end+ on ! date t is #ij days aft] ! date on :i* ! ,secret>y provides ! initial grant2 or 7ii7 = a new employ]1 an am\nt calculat$ by multiply+ ! p]c5tage ( exp]i5c$ or anticipat$ loss ( rev5ue atte/$ to 9 subsection 7c7 by an am\nt det]m9$ by ! ,secret>y bas$ on ! employm5t tax in=mation /atem5t fil$ ) ! ,secret>y by ! new employ] = ! mo/ rec5t mon?2 & 7,b7 ! am\nt t is #be p]c5t ( ! am\nt ( wages provid$ by ! employ] to any cov]$ employees or cov]$ =m] employees dur+-- 7i7 = an employ] t is n a new employ]1 ! correspond+ #bjai p]iod specifi$ 9 subp>agraph 7,a77i72 or 7ii7 = a new employ]1 ! mo/ rec5t mon? = :i* ! new employ] fil$ an employm5t tax in=mation /atem5t ) ! ,secret>y4 7#b7 ,subsequ5t grants ,) respect to ! fir/ full mon? beg9n+ #ij days aft] ! date on :i* ! ,secret>y provides to an eligible employ] an initial grant "u p>agraph 7#a71 & ea* mon? !reaft] until ! date on :i* ! ,secret>y t]m9ates ! program1 ! ,secret>y %all provide to su* employ] a grant 9 an am\nt t is equal to ! sum (-- 7,a7 except z provid$ 9 p>agraph 7#c7 & subject to p>agraph 7#d7-- 7i7 = an employ] t is n a new employ]1 an am\nt calculat$ by multiply+ ! p]c5tage ( exp]i5c$ or anticipat$ loss ( rev5ue atte/$ to 9 subsection 7c7 by ! am\nt ( wages provid$ by ! employ] to cov]$ employees & cov]$ =m] employees dur+ ! correspond+ #bjai p]iod t relates to su* mon?2 or 7ii7 = a new employ]1 an am\nt calculat$ by multiply+ ! p]c5tage ( exp]i5c$ or anticipat$ loss ( rev5ue atte/$ to 9 subsection 7c7 by an am\nt det]m9$ by ! ,secret>y bas$ on ! employm5t tax in=mation /atem5t fil$ ) ! ,secret>y by ! new employ] = ! mo/ rec5t mon?2 & 7,b7 ! am\nt t is #be p]c5t ( ! am\nt ( ! am\nt ( wages provid$ by ! employ] to any cov]$ employees or cov]$ =m] employees dur+-- 7i7 = an employ] t is n a new employ]1 ! correspond+ #bjai p]iod t relates to su* mon?2 or 7ii7 = a new employ]1 ! mo/ rec5t mon? = :i* ! new employ] fil$ an employm5t tax in=mation /atem5t ) ! ,secret>y4 7#c7 ,small bus9ess am\nts ,9 calculat+ ! am\nt ( an initial or subsequ5t grant "u ! ,program = an employ] t 0 det]m9$ eligible "u subsection 7b77#a77;,b71 ! ,secret>y %all add-- 7,a7 subject to p>agraph 7#d71 ! am\nt ( wages provid$ by ! employ] to any cov]$ employees or cov]$ =m] employees dur+ ! p]iod specifi$ 9 p>agraph 7#a71 = an initial grant1 or p>agraph 7#b71 = a subsequ5t grant2 & 7,b7 ! am\nt t is #be p]c5t ( ! am\nt ( wages provid$ by ! employ] to any cov]$ employees or cov]$ =m] employees dur+ su* p]iod4 7#d7 ,sal>y limitation ,! am\nt ( wages 7exclud+ any b5efits7 provid$ by an employ] to any cov]$ employee or cov]$ =m] employee ( ! employ] :i* may be tak5 into acc\nt to det]m9e a grant am\nt "u ?is subsection %all n exce$ #ij1jjj 9 annual sal>y 7exclud+ any b5efits7 p] employee4 7#e7 ,regulations ,! ,secret>y may promulgate regulations on ! =mula = det]m9+ grant am\nts pursuant to ?is subsection4 7e7 ,condition on acceptance ( funds ,be=e accept+ grant funds aw>d$ "u ! ,program1 an employ] %all ent] into an agreem5t ) ! ,secret>y1 or o!rwise c]tify1 z det]m9$ appropriate by ! ,secret>y1 t ! employ] %all comply ) ea* condition requir$ "u ?is section & sections #c & #d4 7f7 ,use ( funds ,grant funds aw>d$ "u ! ,program may only be us$ z foll[s3 7#a7 ,grant funds 9 am\nts det]m9$ "u p>agraphs 7#a77;,a71 7#b77;,a71 or 7#c77;,a7 ( subsection 7d7 may be us$ to pay any cov]$ employees or cov]$ =m] employees ! am\nt ( wages 7subject to ! sal>y limitation 9 subsection 7d77#d77 provid$ by ! employ] to su* employees-- 7,a7 = an employ] t is n a new employ]1 dur+ ! correspond+ #bjai p]iod 7adju/$1 9 ! case ( am\nts det]m9$ "u p>agraphs 7#a77;,a7 or 7#b77;,a71 = ! p]c5tage ( exp]i5c$ or anticipat$ loss ( rev5ue atte/$ to 9 subsection 7c772 or 7,b7 = a new employ]1 dur+ ! correspond+ p]iod = :i* ! employ] mo/ rec5tly fil$ ) ! ,secret>y an employm5t tax in=mation /atem5t 7adju/$1 9 ! case ( am\nts det]m9$ "u p>agraphs 7#a77;,a7 or 7#b77;,a71 = ! p]c5tage ( exp]i5c$ or anticipat$ loss ( rev5ue atte/$ to 9 subsection 7c774 7#b7 ,grant funds 9 am\nts det]m9$ "u p>agraphs 7#a77;,b71 7#b77;,b71 or 7#c77;,b7 ( subsection 7d7 may be us$ to pay fix$ exp5ses ( ! employ]1 includ+ exp5ses relat+ to r5t1 utilities1 mortgage paym5ts1 co/s associat$ ) vehicles or equipm5t1 & co/s necess>y to protect aga9/ or m9imize ! effects ( ,,covid-#ai1 includ+ ! co/ ( safety equipm5t4 7g7 ,repaym5t ( funds ,if a cov]$ employee or cov]$ =m] employee ( an employ] receiv+ a grant "u ! ,program quits or is t]m9at$ = cause dur+ a mon? = :i* ! employ] receives grant funds1 ! employ] %all be requir$ to repay to ! ,dep>tm5t ( ,treasury1 on a no-int]e/ basis & by ! date t is n lat] ?an two ye>s aft] ! date on :i* su* employee quits or is t]m9at$1 ! pro rata grant am\nt receiv$ ) respect to ! wages ( su* employee4 7h7 ,t]m9ation 7#a7 ,9 g5]al ,! ,secret>y %all t]m9ate ! ,program on ! date on :i* ! seasonally adju/$ unemploym5t rate has rema9$ bel[ sev5 p]c5t1 z measur$ by ! ,bureau ( ,labor ,/ati/ics1 = ?ree consecutive mon?s4 7#b7 ,notice ( pot5tial t]m9ation ,! ,secret>y %all publi% 9 ! ,f$]al ,regi/] notice ( pot5tial t]m9ation ( ! ,program on any date on :i* ! seasonally adju/$ unemploym5t rate has rema9$ bel[ sev5 p]c5t1 z measur$ by ! ,bureau ( ,labor ,/ati/ics1 = two consecutive mon?s4 #c4 ,conditions 9 g5]al 7a7 ,%>e repur*ases ,an employ] receiv+ a grant "u ! ,program may n pur*ase an equity int]e/ ( ! employ] on a national securities ex*ange4 7b7 ,paym5ts to %>ehold]s or bondhold]s ,an employ] receiv+ a grant "u ! ,program may n use grant funds aw>d$ "u ! ,program to make any di/ribution ( funds1 includ+ /ock divid5ds1 to %>ehold]s or bondhold]s ( ! employ]4 7c7 ,executive bonuses ,an employ] receiv+ a grant "u ! ,program may n aw>d an executive bonus to an employee ( ! employ] dur+ ! p]iod beg9n+ on ! date on :i* ! employ] receives an initial grant "u ! ,program & end+ on ! date on :i* ! ,secret>y t]m9ates ! ,program4 7d7 ,executive comp5sation ,if an employ] receiv+ a grant "u ! ,program employs a *ief executive (fic]1 dur+ ! p]iod beg9n+ on ! date on :i* ! employ] receives an initial grant "u ! ,program & end+ on ! date on :i* ! ,secret>y t]m9ates ! ,program1 ! employ] may n provide to ! *ief executive (fic]-- 7#a7 annual wages 9 excess ( ! am\nt t is-- 7,a7 = an employ] t is n a new employ]1 #ej times ! m$ian ( ! wages provid$ by ! employ] to employees ( ! employ] 9 #bjai2 or 7,b7 = a new employ]1 #ej times ! annual m$ian ( wages provid$ by ! employ] to employees ( ! employ] 7calculat$ by det]m9+ ! m$ian am\nt ( mon?ly wages paid dur+ ! mon?s = :i* ! new employ] has be5 9 exi/5ce & multiply+ ! am\nt by #ab72 & 7#b7 9 ! case ( t]m9ation ( employm5t ) ! employ]1 sev]ance pay or o!r b5efits relat+ to ! t]m9ation 9 excess ( twice ! am\nt (-- 7,a7 = an employ] t is n a new employ]1 wages provid$ by ! employ] to ! *ief executive (fic] 9 #bjai2 or 7,b7 = a new employ]1 ! project$ annual m$ian ( wages provid$ by ! employ] to ! *ief executive (fic] 7calculat$ by det]m9+ ! m$ian am\nt ( mon?ly wages paid dur+ ! mon?s = :i* ! new employ] has be5 9 exi/5ce & multiply+ ! am\nt by #ab74 #d4 ,conditions relat+ to labor protections 7a7 ,ma9t5ance ( work=ce2 collective b>ga9+ ,dur+ ! p]iod beg9n+ on ! date on :i* an employ] receives an initial grant "u ! ,program & end+ on ! date t is #ij days aft] ! date on :i* ! ,secret>y t]m9ates ! ,program-- 7#a7 ! employ] %all make a good-fai? ef=t to rehire & ma9ta9 cov]$ =m] employees :o 7 employ$ by ! employ] on or prior to ,m>* #a1 #bjbj2 7#b7 ! employ] %all comp5sate ! cov]$ =m] employees rehir$ & ma9ta9$ "u p>agraph 7#a7 at a level t is n less ?an ! level ( wages receiv$ by ! cov]$ =m] employees prior to ,m>* #a1 #bjbj2 7#c7 ! employ] may n abrogate any collective b>ga9+ agreem5t ent]$ into by ! employ] & ! au?oriz$ repres5tatives ( ! employees ( ! employ] & 9 =ce on ,m>* #a1 #bjbj2 7#d7 ! employ] %all rema9 neutral 9 any union organiz+ ef=t2 & 7#e7 ! employ] %all refra9 f conduct+ involunt>y furl\ghs or r$uc+ pay rates ( ! employees ( ! employ]4 7b7 ,work+ & travel conditions ,= ! duration ( ! national em]g5cy decl>$ by ! ,presid5t "u ! ,national ,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et seq47 ) respect to ,,covid-#ai1 an employ] receiv+ a grant "u ! ,program %all adh]e to guidance publi%$ by ! ,director ( ! ,c5t]s = ,disease ,control & ,prev5tion & all applicable public heal? au?orities = provid+ safe conditions = employees1 includ+ by provid+ employees ) adequate p]sonal protective equipm5t & ensur+ all facilities own$ or op]at$ by ! employ] are clean & sanit>y4 #e4 ,application ( bankruptcy provisions ,9 ! case ( an employ] receiv+ a grant "u ! ,program t is a debtor "u title #aa ( ! ,unit$ ,/ates ,code1 ,s4#beah 7#aae? ,cong47 %all be deem$ to be enact$4 #f4 ,rehir+ bonus & ,p&emic ,unemploym5t ,comp5sation 7a7 ,rehir+ bonus ,! ,secret>y may aw>d to any cov]$ =m] employee ( an employ] receiv+ a grant "u ! ,program a rehir+ bonus 9 ! am\nt ( #a1ejj if ! cov]$ =m] employee-- 7#a7 has be5 rehir$ or has o!rwise return$ to employm5t ) ! employ] ) ! assi/ance ( su* grant2 & 7#b7 e>n$ less ?an #dj1jjj 9 wages 9 #bjai4 7b7 ,disreg>d ( additional comp5sation = purposes ( ,m$icaid & ,,*ip ,! mon?ly equival5t ( any rehir+ bonus paid to a cov]$ =m] employee "u subsection 7a7 %all be disreg>d$ :5 det]m9+ income = any purpose "u ! programs e/abli%$ "u titles ,,xix & title ,,xxi ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acif et seq41 #acig;aa et seq474 7c7 ,additional rehir+ bonus ,if ! ,p&emic ,unemploym5t ,comp5sation program e/abli%$ "u ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7title ,,ii ( division ,a ( ,public ,law #aaf-acf7 cont9ues aft] ,july #ca1 #bjbj1 a cov]$ =m] employee t receiv$ a rehir+ bonus "u subsection 7a7 %all be eligible = a #a1bjj mon?ly /imulus *eck = e mon? t ! ,p&emic ,unemploym5t ,comp5sation program is ext5d$4 #g4 ,audits & p5alties 7a7 ,audits ,n lat] ?an "o ye> aft] a grant is aw>d$ "u ! ,program1 ! ,inspector ,g5]al ( ! ,dep>tm5t ( ,treasury 79 ?is section ref]r$ to z ! ,inspector ,g5]al7 %all audit ! grant recipi5t to det]m9e-- 7#a7 ! am\nt ( loss ( rev5ue ! grant recipi5t exp]i5c$ z a result ( ,,covid-#ai2 & 7#b7 :e!r any in/ance ( ov]paym5t occurr$ ) respect to ! grant4 7b7 ,loss ( rev5ue 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 a grant recipi5t "u ! ,program %all be requir$ to repay to ! ,dep>tm5t ( ,treasury 7on a no-int]e/ basis & by a date det]m9$ by ! ,secret>y t is n lat] ?an five ye>s aft] ! date on :i* ! ,secret>y t]m9ates ! ,program7 ! total am\nt ( grant funds receiv$ "u ! ,program if1 z a result ( an audit conduct$ "u subsection 7a71 ! ,inspector ,g5]al det]m9es-- 7,a7 9 ! case ( a grant recipi5t t is n a new employ]1 t ! grant recipi5t did n exp]i5ce a decl9e 9 gross receipts1 dur+ a cal5d> ye> aft] receiv+ ! grant1 9 an am\nt t 0 at lea/ #aj p]c5t ( ! gross receipts ( ! employ] = #bjai2 or 7,b7 9 ! case ( a grant recipi5t t is a new employ]1 t ! grant recipi5t did n exp]i5ce a decl9e 9 gross receipts1 dur+ a p]iod t corresponds ) ! p]iod = :i* ! new employ] _h mo/ rec5tly fil$ employm5t tax in=mation ) ! ,secret>y prior to submitt+ ! grant application "u section #b7;c71 9 an am\nt t 0 at lea/ #aj p]c5t ( ! gross receipts ( ! new employ] = su* p]iod4 7#b7 ,small bus9ess exception ,a grant recipi5t t 0 det]m9$ eligible = a grant "u ! ,program pursuant to section #b7;b77#a77;,b7 %all n be subject to ?is subsection4 7c7 ,ov]paym5t p5alties 7#a7 ,fraudul5t ov]paym5t ,if1 z a result ( an audit conduct$ "u subsection 7a71 ! ,inspector ,g5]al det]m9es t an individual kn[+ly has made1 or caus$ to be made by ano!r1 a false /atem5t or repres5tation ( a mat]ial fact1 or kn[+ly has fail$1 or caus$ ano!r to fail1 to disclose a mat]ial fact1 & z a result ( su* false /atem5t or repres5tation or ( su* non-disclosure ! individual has receiv$ an am\nt "u ! ,program to :i* ! individual 0 n entitl$-- 7,a7 ! ,inspector ,g5]al %all notify ! individual ( su* det]m9ation2 & 7,b7 ! individual-- 7i7 %all be ineligible = subsequ5t grants "u ! ,program2 & 7ii7 %all be requir$ to repay to ! ,dep>tm5t ( ,treasury ! am\nt to :i* ! individual 0 n entitl$ by a date det]m9$ by ! ,secret>y t is n lat] ?an two ye>s aft] ! date on :i* ! ,secret>y t]m9ates ! ,program4 7#b7 ,non-fraudul5t ov]paym5t ,if1 z a result ( an audit conduct$ "u subsection 7a71 ! ,inspector ,g5]al det]m9es t an individual has receiv$ an am\nt "u ! ,program to :i* ! individual 0 n entitl$ z ! result ( an action t is n specifi$ 9 p>agraph 7#a7-- 7,a7 ! ,inspector ,g5]al %all notify ! individual ( su* det]m9ation2 & 7,b7 ! individual %all be requir$ to repay to ! ,dep>tm5t ( ,treasury1 on a no-int]e/ basis1 ! am\nt to :i* ! individual 0 n entitl$ by ! date t is n lat] ?an two ye>s aft] ! date on :i* ! ,inspector ,g5]al notifi$ ! individual "u subp>agraph 7,a74 #h4 ,pay*eck ,recov]y ,program ,implem5tation ,ov]sight ,bo>d 7a7 ,e/abli%m5t ,!re is e/abli%$ 9 ! legislative bran* a ,congressional ,pay*eck ,recov]y ,program ,implem5tation ,ov]sight ,bo>d 79 ?is section ref]r$ to z ! ,ov]sight ,bo>d74 7b7 ,duties ,! duties ( ! ,ov]sight ,bo>d %all be to conduct ov]sight to ensure t an employ] receiv+ a grant "u ! ,program uses ! grant funds 9 accordance ) section 7#b77;f7 & complies ) ! conditions agre$ to "u section 7#b77;e74 7c7 ,memb]%ip 7#a7 ,numb] & ,appo9tm5t ,! ,ov]sight ,bo>d %all be compos$ ( #ab memb]s appo9t$ by ! ,speak] ( ! ,h\se ( ,repres5tatives & ! majority lead] ( ! ,s5ate z foll[s3 7,a7 ,f\r memb]s ( ,congress appo9t$ ^u ! recomm5dation ( ! m9ority lead]s ( ! ,h\se ( ,repres5tatives & ! ,s5ate4 7,b7 ,f\r repres5tatives f ! private sector1 includ+ labor unions & managem5t repres5tatives4 7,c7 ,f\r repres5tatives f ,/ate or local gov]nm5t4 7#b7 ,*airp]son ,! *airp]son ( ! ,ov]sight ,bo>d %all be a memb] ( ! ,ov]sight ,bo>d designat$ by ! ,speak] ( ! ,h\se ( ,repres5tatives & ! majority lead] ( ! ,s5ate4 7#c7 ,vice *airp]son ,! vice *airp]son ( ! ,ov]sight ,bo>d %all be a memb] ( ! ,ov]sight ,bo>d designat$ by ! ,speak] ( ! ,h\se ( ,repres5tatives & ! majority lead] ( ! ,s5ate ^u ! recomm5dation ( ! m9ority lead]s ( ! ,h\se ( ,repres5tatives & ! ,s5ate4 7#d7 ,vacancies ,a vacancy 9 ! ,ov]sight ,bo>d %all be fill$ 9 ! same mann] 9 :i* ! orig9al appo9tm5t 0 made4 7d7 ,additional au?orities 7#a7 ,subpo5a ,! ,ov]sight ,bo>d may issue subpo5as requir+ ! att5dance & te/imony ( witnesses & ! production ( any evid5ce relat+ to any matt] ! ,ov]sight ,bo>d is emp[]$ to inve/igate "u subsection 7b74 ,! att5dance ( witnesses & ! production ( evid5ce may be requir$ f any place )9 ! ,unit$ ,/ates at any designat$ place ( he>+ )9 ! ,unit$ ,/ates4 7#b7 ,obta9+ (ficial data ,! ,ov]sight ,bo>d may secure directly f ! ,int]nal ,rev5ue ,s]vice in=mation necess>y to enable x to c>ry out ?is section4 ,^u reque/ ( ! ,*airp]son ( ! ,ov]sight ,bo>d1 ! ,commission] ( ,int]nal ,rev5ue %all furni% su* in=mation to ! ,ov]sight ,bo>d4 7e7 ,t]m9ation ,! ,ov]sight ,bo>d1 & its au?orities "u ?is section1 %all t]m9ate on ! expiration ( ! #ae-;day p]iod beg9n+ on ! date on :i* ! ,secret>y t]m9ates ! ,program4 #i4 ,sev]ability ,if any provision ( ?is ,act 7or ! application ( su* provision to any p]son or circum/ance7 is held invalid1 ! rema9d] ( ?is ,act 7or ! application ( su* provision to o!r p]sons or circum/ances7 %all n be affect$4 #aj4 ,def9itions ,9 ?is ,act3 7#a7 ,au?oriz$ repres5tative ,! t]m au?oriz$ repres5tative means an exclusive repres5tative ( employees1 designat$ & au?oriz$ by ! employees )\t int]f]5ce1 influ5ce1 or co]cion by an employ] ( su* employees4 7#b7 ,correspond+ #bjai p]iod ,! t]m correspond+ #bjai p]iod means1 ) respect to a mon? or p]iod ( mon?s1 t same mon? or p]iod ( mon?s 9 #bjai4 7#c7 ,cov]$ employee ,! t]m cov]$ employee means an individual-- 7,a7 employ$ by a grant recipi5t "u ! ,program on a full "t1 "p-"t1 or o!r basis2 & 7,b7 :o is n receiv+ unemploym5t comp5sation1 ,p&emic ,unemploym5t ,comp5sation "u section #bajd ( ! ,,c>es ,act 7,public ,law #aaf-acf71 or any o!r unemploym5t b5efit :ile receiv+ funds "u ! ,program4 7#d7 ,cov]$ =m] employee ,! t]m cov]$ =m] employee means an individual-- 7,a7 previ\sly employ$ by a grant recipi5t "u ! ,program2 7,b7 :o has be5 furl\gh$ or laid (f by ! grant recipi5t z a result ( ,,covid-#ai2 & 7,c7 :o is n receiv+ unemploym5t comp5sation1 ,p&emic ,unemploym5t ,comp5sation "u section #bajd ( ! ,,c>es ,act 7,public ,law #aaf-acf71 or any o!r unemploym5t b5efit :ile receiv+ funds "u ! ,program4 7#e7 ,eligible self-employ$ individual ,! t]m eligible self-employ$ individual has ! mean+ giv5 ! t]m 9 section #gjjb7;b7 ( ! ,families ,fir/ ,coronavirus ,response ,act 7,public ,law #aaf-abg74 7#f7 ,employ] ,! t]m employ]-- 7,a7 has ! mean+ giv5 su* t]m 9 section #cdja ( ! ,int]nal ,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4 #cdja72 & 7,b7 includes an eligible self-employ$ individual4 7#g7 ,ex*ange ,! t]m ex*ange has ! mean+ giv5 ! t]m 9 section #c ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c74 7#h7 ,national securities ex*ange ,! t]m national securities ex*ange means an ex*ange regi/]$ "u section #f ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;f74 7#i7 ,new employ] ,! t]m new employ] means an employ] 7includ+ any pr$ecessor7 t 0 n 9 exi/5ce = any taxable ye> end+ be=e ,janu>y #a1 #bjbj4 7#aj7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ,am]ican ,samoa1 ,guam1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ! ,commonweal? ( ,pu]to ,rico1 ! ,virg9 ,isl&s ( ! ,unit$ ,/ates1 & any o!r t]ritory or possession ( ! ,unit$ ,/ates4 7#aa7 ,unemploym5t comp5sation ,! t]m unemploym5t comp5sation has ! mean+ giv5 su* t]m 9 section #he ( ! ,int]nal ,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4 #he74 7#ab7 ,wages ,! t]ms wages-- 7,a7 has ! mean+ giv5 su* t]m 9 section #caba ( ! ,int]nal ,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4 #caba72 & 7,b7 includes any heal?c>e b5efits provid$ by an employ]4