,,ii #aaf? ,,congress #b;d ,session ,s4 #ceah ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #ah1 #bjbj,mr4 ,c>d9 7= himself & ,ms4 ,cantwell7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to provide grants to small bus9ess conc]ns1 private nonpr(it organizations1 & small agricultural coop]atives affect$ by ,,covid-#ai1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,covid-#ai ,recov]y ,grants = ,small ,bus9esses ,act4 #b4 ,def9itions ,9 ?is ,act-- 7#a7 ! t]ms ,adm9i/ration & ,adm9i/rator mean ! ,small ,bus9ess ,adm9i/ration & ! ,adm9i/rator !re(2 7#b7 ! t]m eligible small bus9ess conc]n means a small bus9ess conc]n t-- 7,a7 meets ! applicable size /&>d e/abli%$ "u section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb72 7,b7 has n less ?an #b employees & n m ?an #ej employees2 7,c7 due to ! effects ( ,,covid-#ai1 suff]$-- 7i7 a loss ( rev5ue 9 #a mon? great] ?an #ej p]c5t z comp>$ to ! same mon? 9 ! previ\s ye>2 or 7ii7 9 ! case ( a bus9ess conc]n t has be5 9 op]ation = n less ?an #d mon?s1 a loss ( rev5ue 9 #a mon? great] ?an #ej p]c5t z comp>$ to ! av]age ( ! #c previ\s mon?s2 7,d7 c demon/rate an inability to pay obligations or /ay up-to-date on acc\nts or payroll2 & 7,e7 submitt$ an application = a loan "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 & 0 d5i$ assi/ance "u su* section because ! small bus9ess conc]n is unable to repay ! loan2 & 7#c7 ! t]m small bus9ess conc]n has ! mean+ giv5 ! t]m 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 #c4 ,economic injury grants 7a7 ,grants ,! ,adm9i/ration %all provide assi/ance to eligible small bus9ess conc]ns1 private nonpr(it organizations1 & small agricultural coop]atives t h suff]$ a sub/antial economic injury1 directly or indirectly1 z a result ( ,,covid-#ai4 7b7 ,aw>d+ ( grants & updates ,! ,adm9i/ration %all-- 7#a7 aw>d grants "u ?is section z exp$iti\sly z possible2 & 7#b7 on a mon?ly basis until ! date on :i* ! au?ority "u ?is section t]m9ates1 update ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,small ,bus9ess & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives on-- 7,a7 ! numb] ( grants aw>d$ "u ?is section2 & 7,b7 ! geographic di/ribution ( ! grants by ,/ate & c\nty4 7c7 ,am\nt ( grant 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 a grant provid$ "u ?is section %all be 9 an am\nt t is n m ?an #ej1jjj4 7#b7 ,increas$ grant am\nt ,! ,adm9i/rator may make a grant "u ?is section ( n m ?an #ajj1jjj if ! ,adm9i/rator demon/rates t do+ s is necess>y to assi/ eligible small bus9ess conc]ns1 private nonpr(it organizations1 & small agricultural coop]atives t ! ,adm9i/rator det]m9es are vital to _! local economies4 7#c7 ,s+le aw>d ,no eligible small bus9ess conc]n1 private nonpr(it organization1 or small agricultural coop]ative may receive or directly b5efit f m ?an #a aw>d made "u ?is section4 7d7 ,use ( funds ,an eligible small bus9ess conc]n1 private nonpr(it organization1 or small agricultural coop]ative t receives a grant "u ?is section may use ! grant funds to address ! effects ( ,,covid-#ai ?r\gh any ( ! p]missible uses ( funds "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b774 7e7 ,application 7#a7 ,9 g5]al ,an eligible small bus9ess conc]n1 private nonpr(it organization1 or small agricultural coop]ative desir+ a grant "u ?is section %all submit to ! ,adm9i/ration an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,adm9i/ration may require4 7#b7 ,priority ,! ,adm9i/rator %all-- 7,a7 e/abli% selection crit]ia to ensure t eligible small bus9ess conc]ns1 private nonpr(it organizations1 & small agricultural coop]atives t are h>de/ hit by ! effects ( ,,covid-#ai receive priority 9 ! ev5t t fund+ is n suffici5t to provide grants to all t submit applications "u p>agraph 7#a72 7,b7 id5tify indu/ry sectors = prioritization t h suff]$ uniquely & disproportionately f ,,covid-#ai2 & 7,c7 give priority to an applicant propos+ to use grant funds =-- 7i7 provid+ paid sick leave to employees unable to "w due to ! direct effects ( ,,covid-#ai2 7ii7 ma9ta9+ payroll to reta9 employees dur+ bus9ess disruptions or sub/antial sl[d[ns2 7iii7 mak+ r5t & mortgage paym5ts2 or 7iv7 repay+ obligations t _c be met due to rev5ue losses4 7f7 ,proc$ures ,! ,adm9i/rator %all e/abli% proc$ures to disc\rage & prev5t wa/e1 fraud1 & abuse by applicants & recipi5ts ( grants "u ?is section4 7g7 ,p5alties = fraud & misapplication ( funds ,any applicant or recipi5t ( a grant provid$ "u ?is section %all be subject to all applicable provisions ( ,f$]al law1 includ+ section #ajja ( title #ah1 ,unit$ ,/ates ,code1 & ! provisions ( section #abc4i ( title #ac1 ,code ( ,f$]al ,regulations1 or any successor regulation1 relat+ to ! misapplication ( loan proce$s %all apply to grants provid$ "u ?is section to ! same ext5t z if ^? grants 7 loans provid$ "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b774 7h7 ,inspector ,g5]al audit ,n lat] ?an #ahj days aft] ! date on :i* ! ,adm9i/rator beg9s to provide assi/ance "u ?is section1 ! ,inspector ,g5]al ( ! ,adm9i/ration %all-- 7#a7 conduct an audit ( grants made "u ?is section1 :i* %all id5tify any discrepancies or irregul>ities 9 ! grants2 & 7#b7 submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,small ,bus9ess & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives a copy ( ! audit conduct$ "u p>agraph 7#a74 7i7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ su* sums z may be necess>y to c>ry out ?is section4 7j7 ,t]m9ation ,! au?ority to c>ry out grants "u ?is section %all t]m9ate on ,septemb] #cj1 #bjba4