,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gebb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #i1 #bjbj,mr4   
,gallego introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,small        
,bus9ess  ,a ,,bill  ,to e/abli% !      
,small ,bus9ess ,economic ,assi/ance    
,program4  #a4 ,small ,bus9ess ,economic
 ,assi/ance ,program  7a7 ,e/abli%m5t ,!
 ,secret>y ( ! ,treasury %all e/abli% ! 
,small ,bus9ess ,economic ,assi/ance    
,program to provide f9ancial assi/ance  
to ea* cov]$ entity4  7b7 ,assi/ance    
,subject to subsection 7d71 ! ,secret>y 
%all provide ea* cov]$ entity a f9ancial
 assi/ance paym5t equal to #e1jjj p]    
employee ( t cov]$ entity4 ,su*         
assi/ance may n be treat$ z taxable     
income1 & exp5ses ( a cov]$ entity t    
arise f su* assi/ance %all be eligible =
 any o!rwise applicable tax d$uction4   
7c7 ,purpose  7#a7 ,a cov]$ entity t    
receives assi/ance "u subsection 7b7    
%all use at lea/ #hj p]c5t ( ! assi/ance
 "u subsection 7b7 = employee           

comp5sation1 & ! balance = bus9ess co/s 
7includ+ r5t1 mortgage paym5ts1 or      
utility paym5ts74  7#b7 ,! ,secret>y    
%all treat any portion ( a paym5t (     
assi/ance "u subsection 7b7 n us$       
pursuant to p>agraph 7#a7 z a loan--    
7,a7 subject to an int]e/ rate !        
,secret>y det]m9es to be l[2 &  7,b7 t !
 cov]$ entity %all repay n lat] ?an "o  
ye> aft] ! ,secret>y makes su* paym5t4  
7d7 ,opt-,out ,a cov]$ entity may elect 
9 writ+ n to receive f9ancial assi/ance 
"u subsection 7b74  7e7 ,di/ribution ,! 
,secret>y %all di/ribute paym5ts "u     
subsection 7b7 bas$ on in=mation 9 !    
,electronic ,f$]al ,tax ,paym5t ,sy/em4 
7f7 ,fraud ,all docum5ts relat+ to !    
program "u ?is section %all be subject  
to section #ajja ( title #ah1 ,unit$    
,/ates ,code4  7g7 ,cov]$ entity def9$  
,9 ?is section1 ! t]m cov]$ entity means
 an entity t-- 7#a7 is categoriz$ z a   
sole proprietor%ip1 p>tn]%ip company1   
limit$ liability company1 ,c            
corporation1 ,s corporation1 ,b         

corporation1 or #eja7;c7 organization2  
7#b7 has m ?an "o b few] ?an #ej        
employees2  7#c7 has any type ( income  
subject to ,f$]al income tax2  7#d7 paid
 employm5t or self-employm5t tax dur+   
cal5d> ye> #bjai2  7#e7 did n receive a 
paym5t "u ! ,pay*eck ,protection        
,program2  7#f7 0 e/abli%$ be=e ,janu>y 
#a1 #bjbj2 &  7#g7 has n fil$ = *apt] #g
 bankruptcy4