,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gjbc  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bg1 #bjbj,mrs4 
,trahan 7for herself1 ,mr4 ,mc,kinley1  
,ms4 ,matsui1 ,mr4 ,rose of ,new ,york1 
,mr4 ,fitzpatrick1 ,ms4 ,haaland1 ,mr4  
,ryan1 ,mr4 ,trone1 ,mr4 ,simpson1 ,mr4 
,courtney1 ,ms4 ,slotkin1 ,mr4 ,thompson
 of ,pennsylvania1 ,mr4 ,loebsack1 ,mr4 
,welch1 ,mr4 ,morelle1 ,ms4 ,escobar1   
,ms4 ,finkenauer1 ,mr4 ,higgins of ,new 
,york1 ,mr4 ,wilson of ,south ,carolina1
 ,mr4 ,king of ,new ,york1 ,mr4         
,cunningham1 ,mr4 ,carter of ,texas1    
,mr4 ,brindisi1 and ,ms4 ,mc,collum7    
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
require the ,secretary of the ,treasury 
to implement a program that provides    
financial assistance to sports          
facilities1 museums1 and community      
theaters1 and for other purposes4  #a4  
,assistance for sports facilities1      
museums1 and community theaters ,section

 #djjc of the ,,cares ,act 7#ae         
,u4,s4,c4 #ijdb7 is amended by adding at
 the end the following3  7i7 ,assistance
 for sports facilities1 museums1 and    
community theaters  7#a7 ,in general    
,the ,secretary of the ,treasury shall1 
using amounts made available under      
subsection 7b77#d71 implement a program 
that provides financing of not less than
 #a1jjj1jjj1jjj for loans to            
community-owned or private businesses   
that-- 7,a7 had revenue in #bjai of not 
more than #ce1jjj1jjj2 and  7,b7 have   
contractual obligations for making      
lease1 rent1 or bond payments for       
publicly owned sports facilities1       
museums1 and community theaters4  7#b7  
,loan terms ,any such loan shall have   
the following terms and such other terms
 as the ,secretary shall determine3 7,a7
 ,a term of #ae years4  7,b7 ,an        
annualized interest rate of not higher  
than the ,london ,inter-bank ,offered   
,rate plus #bjj basis points4  7,c7 ,not
 include a requirement to provide       

collateral or a guaranty of such loan4  
7,d7 ,not exceed #be1jjj1jjj and shall  
be in an amount as determined between   
the recipient and the lender 7but in no 
event shall the amount of such loan be  
determined based on the recipient's     
earnings before interest1 taxes1        
depreciation1 and amortization74  7,e7  
,interest and principal on each such    
loan shall be paid as follows3 7i7 ,for 
the first #ab months after any such loan
 is made1 or for such longer period as  
the ,secretary may determine in his     
discretion1 no principal or interest    
shall be due and payable4  7ii7 ,from   
year #b through year #ad of the term of 
any such loan1 interest on the principal
 amount of such loan shall be payable   
monthly and #b4ca percent of the        
principal amount of such loan shall be  
payable at the end of each such year4   
7iii7 ,in year #ae of the term of any   
such loan1 interest shall be payable    
monthly and the remaining #gj percent of
 the principal amount of such loan shall

 be paid at the end of such year4  7,f7 
,the recipient shall be permitted to    
prepay any such loan at any time without
 premium or penalty4  7#c7 ,eligible    
borrowers ,any eligible borrower        
applying for a loan under this program  
shall make a good-faith certification   
that3 7,a7 ,the uncertainty of economic 
conditions as of the date of the        
application makes necessary the loan    
request to support the ongoing          
operations of the recipient4  7,b7 ,the 
recipient reasonably believes that the  
positive economic impact generated by   
the use of the funds it receives will   
exceed the loan amount4  7,c7 ,the      
recipient is an entity or business that 
is domiciled in the ,united ,states with
 significant operations and employees   
located in the ,united ,states4  7,d7   
,the recipient is not a debtor in a     
bankruptcy proceeding4  7,e7 ,the       
recipient is created or organized in the
 ,united ,states or under the laws of   
the ,united ,states4  7,f7 ,the         

recipient will use the proceeds of such 
loan for purposes directly connected to 
contracted services1 including          
performances and sporting events1 at    
such facility4 ,these eligible purposes 
shall be3 7i7 ,rent1 lease1 or bond     
payments or other obligations 7including
 property taxes7 to the owner of the    
facility for use of the facility4  7ii7 
,utilities at the facility4  7iii7      
,employee compensation1 including       
benefits1 for employees of the recipient
 whose employment is directly connected 
to services rendered at the facility2   
provided1 no funds may be used for      
compensation of an officer or employee  
at a rate that would exceed #ajj1jjj per
 annum4  7iv7 ,working capital1 trade   
payables1 insurance premiums1 and       
refunds relating to the facility4  7v7  
,facility improvements agreed to by the 
recipient and1 if applicable the entity 
with authority over the facility's      
budget and operations4  7vi7 ,other     
purposes which improve the              

infrastructure and_/or project          
development surrounding the facility4  4