,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gage  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #aa1 #bjbj,mr4  
,k9d 7= himself1 ,mr4 ,?ompson (        
,p5nsylvania1 ,mr4 ,br9disi1 & ,mr4     
,joyce ( ,p5nsylvania7 introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,small ,bus9ess  ,a ,,bill
  ,to modify ! calculation ( ! maximum  
loan am\nt = c]ta9 f>m]s & ran*]s "u !  
pay*eck protection program ( ! ,small   
,bus9ess ,adm9i/ration1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,pay*eck ,protection =     
,produc]s ,act4  #b4 ,calculation (     
maximum loan am\nt = f>m]s & ran*]s "u !
 pay*eck protection program  7a7 ,9     
g5]al ,section #g7;a77#cf7 ( ! ,small   
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77 is am5d$-- 7#a7 9        
subp>agraph 7,e71 9 ! matt] prec$+      
clause 7i71 by /rik+ ,dur+ & ins]t+     
,except z provid$ 9 subp>agraph 7,t71   
dur+2 &  7#b7 by add+ at ! end ! foll[+3
  7,t7 ,calculation ( maximum loan am\nt

 = f>m]s & ran*]s  7i7 ,def9ition ,9 ?is
 subp>agraph1 ! t]m cov]$ recipi5t means
 an eligible recipi5t t-- 7,i7 op]ates z
 a sole proprietor%ip or z an indep5d5t 
contractor1 or is an eligible           
self-employ$ individual2  7,,ii7 reports
 f>m income or exp5ses on a ,s*$ule ,f  
7or any equival5t successor s*$ule72 &  
7,,iii7 0 9 bus9ess dur+ ! p]iod beg9n+ 
on ,febru>y #ae1 #bjai1 & end+ on ,june 
#cj1 #bjai4  7ii7 ,no employees ,)      
respect to cov]$ recipi5t )\t employees1
 ! maximum cov]$ loan am\nt %all be !   
less] (-- 7,i7 ! sum (-- 7aa7 ! product 
obta9$ by multiply+-- 7,,aa7 ! gross    
income ( ! cov]$ recipi5t 9 #bjai1 z    
report$ on a ,s*$ule ,f 7or any         
equival5t successor s*$ule71 t is n m   
?an #ajj1jjj1 divid$ by #ab2 & 7,,bb7   
#b4e2 &  7bb7 ! out/&+ am\nt ( a loan "u
 subsection 7b77#b7 t 0 made dur+ !     
p]iod beg9n+ on ,janu>y #ca1 #bjbj1 &   
end+ on ,april #c1 #bjbj1 t ! borr[]    
int5ds to ref9ance "u ! cov]$ loan1 n   
includ+ any am\nt ( any advance "u !    

loan t is n requir$ to be repaid2 or    
7,,ii7 #aj1jjj1jjj4  7iii7 ,) employees 
,) respect to a cov]$ recipi5t )        
employees1 ! maximum cov]$ loan am\nt   
%all be calculat$ us+ ! =mula describ$ 9
 subp>agraph 7,e71 except t ! gross     
income ( ! cov]$ recipi5t describ$ 9    
clause 7ii77,i77aa77,,aa7 ( ?is         
subp>agraph1 z divid$ by #ab1 %all be   
add$ to ! sum calculat$ "u subp>agraph  
7,e77i77,i74  7iv7 ,recalculation ,a    
l5d] t made a cov]$ loan to a cov]$     
recipi5t be=e ! date ( enactm5t ( ?is   
subp>agraph may1 at ! reque/ ( ! cov]$  
recipi5t-- 7,i7 recalculate ! maximum   
loan am\nt applicable to t cov]$ loan   
bas$ on ! =mula describ$ 9 clause 7ii7  
or 7iii71 z applicable1 if do+ s w\ld   
result 9 a l>g] cov]$ loan am\nt2 &     
7,,ii7 provide ! cov]$ recipi5t )       
additional cov]$ loan am\nts bas$ on t  
recalculation4  4