,i #aafth ,,congress #b;d ,session ,h4 ,r4 #gdea ,,in ,,the ,,house ,,of ,,representatives ,july #a1 #bjbj,mr4 ,evans introduced the following bill2 which was referred to the ,committee on ,small ,business1 and in addition to the ,committee on the ,budget1 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 provide forgivable physical disaster loans to businesses damaged due to civil unrest1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,helping ,entrepreneurs ,access ,loans ,act or the ,,heal ,act4 #b4 ,forgivable business physical disaster loans for damage due to civil unrest 7a7 ,definitions ,in this section-- 7#a7 the terms ,administration and ,administrator mean the ,small ,business ,administration and the ,administrator thereof1 respectively2 7#b7 the term covered period means the period beginning on ,may #bf1 #bjbj1 and ending on ,july #a1 #bjbj2 and 7#c7 the term eligible entity means a business concern-- 7,a7 with average annual receipts 7as defined in section #aba4ajd of title #ac1 ,code of ,federal ,regulations1 or any successor regulation7 of not more than #b1jjj1jjj2 and 7,b7 that-- 7i7 is located within an area for which the ,administrator declared a disaster in accordance with section #abc4c7;a77#c7 of title #ac1 ,code of ,federal ,regulations1 or any successor regulation1 with respect to civil unrest that began on ,may #bf1 #bjbj1 in ,minneapolis1 ,minnesota1 and spread across the ,united ,states2 and 7ii7 incurred damage to real or personal property of the business concern during the covered period as a result of the civil unrest described in clause 7i74 7b7 ,business physical disaster loans 7#a7 ,in general ,except as otherwise provided in this subsection1 an eligible entity shall be eligible for a loan made by the ,administration under section #g7;b77#a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#a77 under the same terms1 conditions1 and processes as a loan made under such section to repair1 rehabilitate1 or replace property1 real or personal1 of the eligible entity that was damaged or destroyed during the covered period as a result of the civil unrest described in subsection 7a77#c77;,b77i74 7#b7 ,disaster declaration ,with respect to the disaster declaration described in subsection 7a77#c77;,b77i7 for a loan made under paragraph 7#a71 the requirement under section #abc4c7;a77#c77;ii7 of title #ac1 ,code of ,federal ,regulations1 or any successor regulation1 that #be percent or more of the work force in the area would be unemployed for not fewer than #ij days shall not apply4 7#c7 ,loan amount 7,a7 ,in general ,the amount of a loan made under paragraph 7#a7 shall be equal to #ajj percent of the amount required to repair1 rehabilitate1 or replace property1 real or personal1 of the eligible entity that-- 7i7 was damaged or destroyed during the covered period as a result of the civil unrest described in subsection 7a77#c77;,b77i72 and 7ii7 is not compensated for by-- 7,i7 insurance2 7,,ii7 a grant from a ,state or local government2 or 7,,iii7 any other means4 7,b7 ,deduction of advance amount ,the amount of any advance received by an eligible entity under subsection 7c7 shall be deducted from the loan amount for the eligible entity under subparagraph 7,a74 7#d7 ,terms2 credit elsewhere 7,a7 ,in general ,with respect to a loan made to an eligible entity under paragraph 7#a7-- 7i7 the ,administrator shall waive-- 7,i7 any rules related the personal guarantee on loans of not more than #bjj1jjj during the covered period for all applicants2 and 7,,ii7 any requirement that an applicant needs to be in business for the #a-year period before the civil unrest described in subsection 7a77#c77;,b77i71 except that no waiver may be made for an eligible entity that was not in operation on ,january #ca1 #bjbj2 7ii7 the eligible entity shall not be required to show that the eligible entity is unable to obtain credit elsewhere2 and 7iii7 no collateral shall be required for the loan4 7,b7 ,repayment ,any payments on a loan made to an eligible entity under paragraph 7#a7 are deferred until ,june #cj1 #bjbb1 and interest shall not begin to accrue until such date4 7#e7 ,application 7,a7 ,in general ,not later than #g days after the date of enactment of this ,act1 the ,administrator shall begin to accept applications for a loan under paragraph 7#a74 7,b7 ,deadline ,an eligible entity desiring a loan under this subsection shall submit to the ,administrator an application not later than ,december #ca1 #bjbj4 7,c7 ,approval and ability to repay ,with respect to an applicant for a loan made under paragraph 7#a71 the ,administrator may-- 7i7 approve the applicant based on the credit score or personal guarantee of the applicant2 or 7ii7 use alternative appropriate methods to determine the applicant's ability to repay4 7#f7 ,use of funds ,a recipient of a loan made under paragraph 7#a7 shall use the loan proceeds to repair1 rehabilitate1 or replace property1 real or personal1 damaged or destroyed during the covered period as a result of the civil unrest described in subsection 7a77#c77;,b77i71 provided that such damage or destruction is not compensated for by insurance1 a grant from a ,state or local government1 or otherwise4 7#g7 ,loan forgiveness 7,a7 ,in general ,an eligible entity that received a loan made under paragraph 7#a71 or an eligible entity that received a loan under section #g7;b77#a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#a77 before the date of enactment of this ,act related to the civil unrest described in subsection 7a77#c77;,b77i71 shall be eligible for forgiveness of indebtedness equal to #ge percent of the loan amount if the eligible entity-- 7i7 submits to the ,administrator documentation of sales for #bjai and #bjbj and tax returns for #bjai and #bjbj2 and 7ii7 the eligible entity is in operation as of ,december #ca1 #bjba4 7,b7 ,amounts not forgiven ,any remaining amount of a loan described in subparagraph 7,a7 that is not forgiven under this paragraph as of ,december #ca1 #bjba1 shall-- 7i7 be considered a loan made under section #g7;b77#a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#a772 7ii7 bear an interest rate of #c4ge percent2 and 7iii7 have a #cj-year term4 7#h7 ,duplication ,an eligible entity that received a loan under subsection 7a77#cf7 or 7b77#b7 of section #g of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7 before the date of enactment of this ,act shall be eligible for a loan under paragraph 7#a7 if the proceeds of the loan made under such subsection 7a77#cf7 or 7b77#b7 are not used for the same expenses as the loan under paragraph 7#a74 7c7 ,emergency grant 7#a7 ,in general ,an eligible entity that applies for a loan under subsection 7b77#a7 may request that the ,administrator provide an advance1 subject to paragraph 7#c71 to the eligible entity not later than #aj days after the date on which the ,administrator receives an application from the eligible entity4 7#b7 ,verification ,before disbursing amounts under this subsection1 the ,administrator shall verify that the applicant is an eligible entity by accepting a self-certification from the applicant under penalty of perjury pursuant to section #agdf of title #bh1 ,united ,states ,code4 7#c7 ,amount ,the amount of an advance provided to an eligible entity under this subsection shall be the lesser of-- 7,a7 #bj percent of the amount requested by the eligible entity2 or 7,b7 #aj1jjj4 7#d7 ,use of funds ,an advance received under this subsection shall only be used for the allowable uses for a loan under subsection 7b77#a74 7#e7 ,repayment 7,a7 ,in general ,except as provided under subparagraph 7,b71 an eligible entity that receives an advance under this subsection shall not be required to repay any amounts of the advance4 7,b7 ,return of advance ,if an applicant for a loan under subsection 7b77#a7 is later determined to be ineligible for the loan because the applicant does not meet the requirements to be an eligible entity described in subsection 7a77#c71 the applicant shall return to the ,administrator any advance amount provided under this subsection-- 7i7 not later than #ij days after receiving notice of the determination of ineligibility2 or 7ii7 if the ,administrator determines that the applicant submitted the application in bad faith1 not later than #cj days after receiving notice of that determination1 plus interest in an amount equal to #d4ge percent of the advance4 7d7 ,resources and services in languages other than ,english ,the ,administrator shall provide the resources and services made available by the ,administration relating to the loans and grants available under this section to eligible entities in the #aj most commonly spoken languages1 other than ,english1 in the ,united ,states1 which shall include ,mandarin1 ,cantonese1 ,japanese1 and ,korean4 7e7 ,regulations ,the ,administrator shall issue guidance and rules to carry out this section4 7f7 ,direct appropriation 7#a7 ,in general ,there is appropriated1 out of amounts in the ,treasury not otherwise appropriated1 for the fiscal year ending ,september #cj1 #bjbj1 for an additional amount for ,small ,business ,administration--,,heal ,act1 #hj1jjj1jjj1 to remain available until ,september #cj1 #bjba1 for carrying out this section4 7#b7 ,emergency designation 7,a7 ,in general ,the amounts provided under this subsection are designated as an emergency requirement pursuant to section #d7;g7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj 7#b ,u4,s4,c4 #icc7;g774 7,b7 ,designation in ,senate ,in the ,senate1 this subsection is designated as an emergency requirement pursuant to section #daab7;a7 of ,h4 ,con4 ,res4 #ga 7#aaeth ,congress71 the concurrent resolution on the budget for fiscal year #bjah4