,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gjaj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bf1 #bjbj,mr4   
,phillips 7= himself1 ,mr4 ,roy1 ,mr4   
,upton1 ,mr4 ,fitzpatrick1 ,mr4 ,r\da1  
,mr4 ,h>ris1 ,mr4 ,kildee1 ,ms4 ,s*ri]1 
,mr4 ,wel*1 ,mr4 ,br9disi1 ,mr4 ,pappas1
 ,mrs4 ,walorski1 ,ms4 ,m5g1 ,mr4 ,joyce
 ( ,ohio1 ,ms4 ,torres ,small ( ,new    
,mexico1 ,mr4 ,b]gman1 ,mr4 ,s*weik]t1  
,mr4 ,la,malfa1 ,mr4 ,kri%namoor?i1 ,mr4
 ,b]a1 ,ms4 ,h]r]a ,beutl]1 ,mr4 ,van   
,drew1 ,miss ,rice ( ,new ,york1 ,mr4   
,dunn1 ,mr4 ,o',hall]an1 ,ms4 ,ca/or (  
,florida1 ,mr4 ,deut*1 ,ms4 ,/efanik1   
,mr4 ,ryan1 ,ms4 ,mc,collum1 ,mr4       
,c\rtney1 ,mr4 ,kilm]1 ,mr4 ,joyce (    
,p5nsylvania1 ,mr4 ,wright1 ,mr4 ,k+ (  
,new ,york1 & ,mr4 ,curtis7 introduc$ ! 
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,small ,bus9ess1 & 9      
addition to ! ,committee on ,ways &     
,means1 = 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 am5d ! ,small ,bus9ess ,act
 & ! ,,c>es ,act to modify c]ta9        
provisions relat$ to ! =giv5ess ( loans 
"u ! pay*eck protection program1 to all[
 recipi5ts ( loan =giv5ess "u ! pay*eck 
protection program to def] payroll      
taxes1 & = o!r purposes4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,pay*eck
 ,protection ,program ,flexibility ,act 
( #bjbj4  #b4 ,maturity = loans ) rema9+
 balance aft] application ( =giv5ess    
,section #g7;a77#cf77,k77ii7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77 is am5d$ by ins]t+ m9imum
 maturity ( #e ye>s & a be=e maximum    
maturity4  #c4 ,am5dm5ts to pay*eck     
protection program loan =giv5ess  7a7   
,ext5sion ( cov]$ p]iod ,section        
#g7;a77#cf77;,a77iii7 ( ! ,small        
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77;,a77iii77 is am5d$ by    
/rik+ ,june #cj1 #bjbj & ins]t+ ,decemb]
 #ca1 #bjbj4  7b7 ,=giv5ess ,section    
#aajf ( ! ,,c>es ,act 7,public ,law     

#aaf-acf7 is am5d$-- 7#a7 9 subsection  
7a71 by /rik+ p>agraph 7#c7 & ins]t+ !  
foll[+3  7#c7 ! t]m cov]$ p]iod means1  
subject to subsection 7l71 ! p]iod      
beg9n+ on ! date ( ! orig9ation ( a     
cov]$ loan & end+ ! e>li] (-- 7,a7 !    
date t is #bd weeks aft] su* date (     
orig9ation2 or  7,b7 ,decemb] #ca1      
#bjbj2  2  7#b7 9 subsection 7d7-- 7,a7 
9 p>agraph 7#e77;,b71 by /rik+ ,june    
#cj1 #bjbj ea* place x appe>s & ins]t+  
,decemb] #ca1 #bjbj2 &  7,b7 by add+ at 
! end ! foll[+ new p>agraphs3  7#g7     
,exemption bas$ on employee availability
 ,dur+ ! p]iod beg9n+ on ,febru>y #ae1  
#bjbj1 & end+ on ,decemb] #ca1 #bjbj1 ! 
am\nt ( loan =giv5ess "u ?is section    
%all be det]m9$ )\t reg>d to a r$uction 
9 ! numb] ( full-"t equival5t employees 
if an eligible recipi5t-- 7,a7 is unable
 to rehire an individual :o 0 an        
employee ( ! eligible recipi5t on or    
be=e ,febru>y #ae1 #bjbj2  7,b7 is able 
to demon/rate an inability to hire      
simil>ly qualifi$ employees on or be=e  

,decemb] #ca1 #bjbj2 or  7,c7 is able to
 demon/rate an inability to return to ! 
same level ( bus9ess activity z su*     
bus9ess 0 op]at+ at prior to ,febru>y   
#ae1 #bjbj4  7#h7 ,no limitations ,9    
c>ry+ out ?is section1 ! ,adm9i/rator   
may n limit ! non-payroll portion ( a   
=givable cov]$ loan am\nt4  2 &  7#c7 by
 add+ at ! end ! foll[+ new subsection3 
7l7 ,application to c]ta9 eligible      
recipi5ts ,an eligible recipi5t t       
receiv$ a cov]$ loan be=e ! date (      
enactm5t ( ?is subsection may elect = ! 
cov]$ p]iod applicable to su* cov]$ loan
 to end on ! date t is #h weeks aft] !  
date ( ! orig9ation ( su* cov]$ loan4  4
  #d4 ,delay ( paym5t ( employ] payroll 
taxes ,section #bcjb7;a7 ( ! ,,c>es ,act
 7,public ,law #aaf-acf7 is am5d$ by    
/rik+ p>agraph 7#c74  #e4 ,effective    
date2 applicability ,! am5dm5ts made by 
?is ,act %all be effective z if includ$ 
9 ! ,,c>es ,act 7,public ,law #aaf-acf7 
& %all apply to any loan made pursuant  
to section #g7;a77#cf7 ( ! ,small       

,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77 or section #aaji ( !     
,,c>es ,act4