,,ii  #aafth ,,congress  #b;d ,session  
,s4 #djbg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bb1     
#bjbj,ms4 ,ernst introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,homeland
 ,security and ,governmental ,affairs   
,a ,,bill  ,to amend the ,small         
,business ,act to require ,members of   
,congress1 spouses of ,members of       
,congress1 and employees of ,congress   
who receive a loan under the paycheck   
protection program to submit a financial
 disclosure form4  #a4 ,short title     
,this ,act may be cited as the          
,transparency ,requirements ,aimed at   
,congressional ,expenditures ,act or the
 ,,trace ,act4  #b4 ,disclosure of ,,ppp
 loans  7a7 ,in general ,section        
#g7;a77#cf7 of the ,small ,business ,act
 7#ae ,u4,s4,c4 #fcf7;a77#cf77 is       
amended by adding at the end the        
following3  7,t7 ,disclosure of receipt 
7i7 ,definitions ,in this subparagraph--
 7,i7 the term applicable officer       

means-- 7aa7 the ,secretary of the      
,senate1 in the case of the ,vice       
,president1 a ,senator1 the spouse of a 
,senator1 or an employee of ,congress   
whose compensation is disbursed by the  
,secretary of the ,senate2 or  7bb7 the 
,clerk of the ,house of                 
,representatives1 in the case of a      
,representative in ,congress1 a         
,delegate to ,congress1 the ,resident   
,commissioner from ,puerto ,rico1 the   
spouse of a ,representative in          
,congress1 a ,delegate to ,congress1 or 
the ,resident ,commissioner from ,puerto
 ,rico1 or an employee of ,congress     
whose compensation is disbursed by the  
,chief ,administrator ,officer of the   
,house of ,representatives2  7,,ii7 the 
term employee of ,congress means an     
employee of the personal office of a    
,member of ,congress1 of a committee of 
the ,senate or the ,house of            
,representatives1 or of a joint         
committee of ,congress2 and  7,,iii7 the
 term ,member of ,congress has the      

meaning given that term in section #bajf
 of title #e1 ,united ,states ,code4    
7ii7 ,disclosure  7,i7 ,in general ,if  
an eligible recipient owned or          
controlled by a ,member of ,congress1   
spouse of a ,member of ,congress1 or    
employee of ,congress receives a covered
 loan1 the ,member of ,congress1 spouse 
of a ,member of ,congress1 or employee  
of ,congress1 respectively1 shall submit
 to the applicable officer a financial  
disclosure1 which shall include-- 7aa7  
the name and address of the principal   
place of business for the eligible      
recipient receiving the covered loan2   
and  7bb7 the amount of the covered     
loan4  7,,ii7 ,deadline ,a ,member of   
,congress1 spouse of a ,member of       
,congress1 or employee of ,congress     
shall submit a financial disclosure     
required under subclause 7,i7-- 7aa7 for
 a covered loan made on or after the    
date of enactment of the ,,trace ,act1  
not later than #ae days after the date  
on which the loan is made2 and  7bb7 for

 a covered loan made before such date of
 enactment1 not later than #ae days     
after such date of enactment4  7iii7    
,availability ,each applicable officer  
shall make available on a publicly      
available website each financial        
disclosure submitted to the applicable  
officer under clause 7ii74  4