,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cgah  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ac1      
#bjbj,ms4 ,cantwell 7for herself1 ,mr4  
,boozman1 ,ms4 ,klobuchar1 ,ms4 ,ernst1 
and ,mr4 ,schumer7 introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to expand the waiver of        
affiliation rules for certain business  
concerns with more than #a physical     
location1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,local ,news and ,emergency         
,information ,act of #bjbj4  #b4        
,amendments to the ,paycheck ,protection
 ,program ,section #g7;a77#cf77;,d7 of  
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;a77#cf77;,d77 is amended-- 7#a7  
in clause 7iii7-- 7,a7 by striking      
business concern that employs and       
inserting the following3 business       
concern that-- 7,i7 employs  2  7,b7 in 
subclause 7,i71 by striking the period  

at the end and inserting 2 or2 and  7,c7
 by adding at the end the following3    
7,,ii7 is assigned a ,north ,american   
,industry ,classification ,system code  
beginning with #eaaaaj1 #eaeaab1 or     
#eaeabj at the time of disbursal shall  
be eligible to receive a covered loan   
for business expenses of the business   
concern that are associated with an     
individual physical location of that    
business concern1 provided that-- 7aa7  
the proceeds of the loan are used to    
support expenses associated with the    
continued provision of local news1      
information1 content1 or emergency      
information2 and  7bb7 at the time of   
disbursal1 the individual physical      
location does not exceed the size       
standard established by the             
,administrator for the applicable code4 
2  7#b7 in clause 7iv7-- 7,a7 in        
subclause 7,,ii71 by striking and at the
 end2  7,b7 in subclause 7,,iii71 by    
striking the period at the end and      
inserting 2 and2 and  7,c7 by adding at 

the end the following3  7,,iv7 an       
individual physical location of a       
business concern that1 as of the date on
 which the covered loan is disbursed1 is
 assigned a ,north ,american ,industry  
,classification ,system code beginning  
with #eaaaaj1 #eaeaab1 or #eaeabj and   
does not exceed the size standard       
established by the ,administrator for   
the applicable code1 provided that1 as a
 condition of the waiver under this     
subclause1 the business concern shall   
not pay1 distribute1 or otherwise       
provide the covered loan or any portion 
of the covered loan to any other entity 
other than the individual physical      
location that is the intended recipient 
of the covered loan4  2 and  7#c7 by    
adding at the end the following3  7vii7 
,treatment of certain business concerns 
7,i7 ,in general ,a business concern    
that is assigned a ,north ,american     
,industry ,classification ,system ,code 
beginning with #eaaaaj1 #eaeaab1 or     
#eaeabj at the time of disbursal of a   

covered loan and is a franchisee or     
affiliate of or owned or controlled by a
 parent company or an investment        
company1 or management thereof1 shall be
 treated as an independent1             
non-affiliated entity upon certification
 to the ,administrator that the request 
for the covered loan is necessary to    
support expenses associated with the    
continued provision of local news1      
information1 content1 or emergency      
information4  7,,ii7 ,report ,the       
,administrator and the ,secretary of the
 ,treasury shall submit to the          
,committee on ,small ,business and      
,entrepreneurship of the ,senate1 the   
,committee on ,small ,business of the   
,house of ,representatives1 and the     
,congressional ,oversight ,commission   
established under section #djbj of      
division ,b of the ,,cares ,act 7,public
 ,law #aaf-acf7 a report regarding      
covered loans made to business concerns 
described in subclause 7,i74  4