,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #djdg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bc1 #bjbj ,ms4  
,h>ris 7= h]self1 ,mrs4 ,gillibr&1 ,mr4 
,wyd51 ,mr4 ,m>key1 ,ms4 ,klobu*>1 ,ms4 
,w>r51 ,ms4 ,duckwor?1 & ,mr4 ,re$7     
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to p]mit ! ,secret>y ( !       
,treasury to provide direct fund+ to    
c]ta9 entities4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,sav+ ,our ,/reet  
,act4  #b4 ,grants to small bus9esses   
7a7 ,def9ition ,9 ?is section3  7#a7    
,cov]$ p]iod ,! t]m cov]$ p]iod means ! 
p]iod beg9n+ on ,febru>y #ae1 #bjbj &   
end+ on ,decemb] #ca1 #bjbj4  7#b7      
,eligible entity ,! t]m eligible        
entity--  7,a7 means an entity t-- 7i7  
is--  7,i7 a community small bus9ess1   
includ+ a self-employ$ work]1 indep5d5t 
contractor1 or sole proprietor1 or a    
community nonpr(it ) less ?an-- 7aa7    
#a1jjj1jjj 9 gross rev5ue2  7bb7        

#ejj1jjj 9 gross receipts = nonpr(its2  
or  7cc7 #aj employees2 or  7,,ii7 a    
small bus9ess )-- 7aa7 less ?an #bj     
employees 9 a l[-income community2 &    
7bb7 n less ?an #ej p]c5t ( employees :o
 live 9 a l[-income community2 &  7ii7  
has suff]$ a drop 9 rev5ue ( ov] #bj    
p]c5t ( gross rev5ue s9ce ,febru>y #ae1 
#bjbj2 &  7,b7 does n include entities t
 are publicly trad$ companies1 private  
equity firms1 or h$ge funds4  7#c7      
,employee ,! t]m employee includes--    
7,a7 individuals employ$ on a full-"t1  
"p-"t1 or o!r basis2  7,b7 indep5d5t    
contractors2  7,c7 any individual 9 a   
jurisdiction subject to a /ay-at-home   
ord]1 ev5 if ! employee has n physically
 return$ to "w4  7#d7 ,l[-income        
community ,! t]m l[-income community    
means a c5sus tract 7or equival5t       
geographic area def9$ by ! ,unit$ ,/ates
 ,c5sus ,bureau7 9 :i* at lea/ #ej p]c5t
 ( h\seholds h an income less ?an #fj   
p]c5t ( ! area m$ian gross income1 z    
det]m9$ by ! ,secret>y ( ,h\s+ & ,urban 

,developm5t4  7#e7 ,payroll co/s ,! t]m 
payroll co/s means-- 7,a7 ! sum (       
paym5ts ( any comp5sation t is a--  7i7 
sal>y1 wage1 commission1 or simil>      
comp5sation2  7ii7 paym5t ( ca% tip or  
equival5t2  7iii7 paym5t = vacation1    
p>5tal1 family1 m$ical1 or sick leave2  
7iv7 all[ance = dismissal or sep>ation2 
7v7 paym5t requir$ = ! provisions ( gr\p
 heal?c>e b5efits1 includ+ insurance    
premiums2  7vi7 paym5t ( any retirem5t  
b5efit2 or  7vii7 paym5t ( ,/ate or     
local tax assess$ on ! comp5sation (    
employees or own]s2  7,b7 ! sum (       
paym5ts ( any comp5sation to or income (
 a sole proprietor or indep5d5t         
contractor--  7i7 t is a wage1          
commission1 income1 net e>n+s f         
self-employm5t1 or simil> comp5sation2 &
  7ii7 9 an am\nt t is n m ?an #ajj1jjj 
9 #a ye>1 z prorat$ = ! cov]$ p]iod2    
7,c7 ! comp5sation ( an individual      
employee 9 excess ( an annual sal>y (   
#ajj1jjj1 z prorat$ = ! cov]$ p]iod2    
7,d7 qualifi$ sick leave wages = :i* a  

cr$it is all[$ "u section #gjja ( !     
,families ,fir/ ,coronavirus ,response  
,act 7,public ,law #aaf-abg72 or  7,e7  
qualifi$ family leave wages = :i* a     
cr$it is all[$ "u section #gjjc ( !     
,families ,fir/ ,coronavirus ,response  
,act 7,public ,law #aaf-abg74  7#f7     
,socially & economically disadvantag$   
individuals ,! t]m socially &           
economically disadvantag$ individuals   
means individuals describ$ 9 p>agraphs  
7#e7 & 7#f7 ( section #h7;a7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a774 
7#g7 ,vet]ans organization ,! t]m       
vet]ans organization means an           
organization t is describ$ 9 section    
#eja7;c77#ai7 ( ! ,int]nal ,rev5ue ,code
 t is exempt f taxation "u section      
#eja7;a7 ( su* ,code4  7b7 ,grants  7#a7
 ,9 g5]al ,! ,secret>y ( ! ,treasury    
%all create ! ,microbus9ess ,assi/ance  
,fund :i* may provide a grant to an     
eligible entity 9 an am\nt n great] ?an 
#bej1jjj to be us$ only =--  7,a7 rehir+
 or hir+ employees ( ! entity :o 7      

furl\gh$ or laid (f aft] ,febru>y #ae1  
#bjbj2  7,b7 paym5t (1 on or aft] ! date
 describ$ 9 subp>agraph 7,a71 payroll1  
sal>ies1 commissions1 or simil>         
comp5sations1 payroll taxes1 employ]    
comp5sation1 r5t 7includ+ "u a lease    
agreem5t7 or mortgage1 includ+ paym5ts (
 int]e/ on any mortgage obligation 7n   
includ+ prepaym5t ( or paym5t ( pr9cipal
 on a mortgage obligation71 utilities1  
or insurance2  7,c7 provid+ heal?c>e &  
b5efits to employees at ! same or simil>
 levels z ! entity provid$ on ! date    
describ$ 9 subp>agraph 7,a71 includ+    
cont9uation ( gr\p heal?c>e b5efits dur+
 p]iods ( paid sick1 m$ical1 or family  
leave1 & insurance premiums2 &  7,d7    
debt obligations t 7 incurr$ be=e !     
cov]$ p]iod4  7#b7 ,eligibility ,no     
p]son %all be d5i$ a grant "u ?is       
subsection on ! basis (-- 7,a7 any      
crim9al hi/ory or involvem5t ) ! crim9al
 legal sy/em2 or  7,b7 us+ an individual
 taxpay] id5tification numb] issu$      
pursuant to section #faji7;i7 ( !       

,int]nal ,rev5ue ,code ( #aihf4  7#c7   
,priority  7,a7 ,9 g5]al ,! ,secret>y   
%all give priority to p ( color1        
vet]ans1 wom5-own$ community bus9esses1 
& socially & economically disadvantag$  
individuals z x p]ta9s to hi/orically   
und]repres5t$ bus9esses4  7,b7          
,hi/orically und]repres5t$ bus9esses ,( 
! am\nts made available "u ?is section1 
#ge p]c5t %all be provid$ to bus9esses  
or nonpr(its own$ & controll$ by #a or m
 socially & economically disadvantag$   
individuals4  7#d7 ,o!r assi/ance ,an   
entity t receives a grant "u ?is        
subsection %all be eligible to receive  
assi/ance "u o!r ,f$]al programs1       
includ+ ! pay*eck protection program    
e/abli%$ "u section #g7;a77#cf7 ( !     
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a77#cf77 or an economic injury    
disa/] loan made "u section #g7;b77#b7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fcf7;b77#b77 if ! funds are us$ = a    
purpose o!r ?an a purpose describ$ 9    
p>agraph 7#a74  7#e7 ,s5se ( ,congress  

,x is ! s5se ( ,congress t eligible     
entities %\ld rehire employees describ$ 
9 p>agraph 7#a77;,a7 aft] ! date on :i* 
! national em]g5cy "u ! ,national       
,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et 
seq47 ) respect to ! coronavirus disease
 #bjai 7,,covid-#ai7 t]m9ates4  7c7     
,am\nts  7#a7 ,9 g5]al ,( ! am\nts made 
available "u ?is ,act--  7,a7           
#abd1ejj1jjj1jjj %all be us$ = grants   
made "u subsection 7b72  7,b7           
#djj1jjj1jjj %all be us$ to provide     
f9ancial education tra9+ classes & =    
help apply+ = ! grants & f9ancial       
recov]y = eligible entities1 ( :i*--    
7i7 #ej1jjj1jjj %all be us$ to provide  
small bus9esses & wom5 developm5t c5t]s 
) te*nical assi/ance & onl9e tra9+ &    
in=mation1 ( :i*-- 7,i7 #be1jjj1jjj %all
 be made available = small bus9esses2 & 
7,,ii7 #be1jjj1jjj %all be made         
available = wom5 developm5t c5t]s2  7ii7
 #ej1jjj1jjj %all be us$ to provide     
m9ority bus9ess c5t]s ) te*nical        
assi/ance & onl9e tra9+ & in=mation2 &  

7iii7 #cjj1jjj1jjj %all be us$ to       
provide nonpr(it & community            
organizations ) assi/ance to small      
bus9ess own]s2 &  7,c7 #ajj1jjj1jjj %all
 be made available = ! ,dep>tm5t ( !    
,treasury & ! ,int]nal ,rev5ue ,s]vice  
to c>ry out ?is ,act4  7#b7             
,availability ,funds made available "u  
?is ,act %all be available until        
,decemb] #bj1 #bjbj4  7d7 ,ne$ ,an      
eligible entity %all atte/ 9 an         
application = a grant "u ?is section t !
 eligible entity--  7#a7 0 9 bus9ess z (
 ,febru>y #ae1 #bjbj2  7#b7 has suff]$ a
 drop 9 sales ( #bj p]c5t or m2  7#c7   
meets ! crit]ia z an eligible entity2 & 
7#d7 w use ! grants = au?oriz$ exp5ses4 
7e7 ,docum5tation ,an eligible          
self-employ$ individual1 indep5d5t      
contractor1 or sole proprietor%ip apply+
 = a grant "u ?is section %all submit   
su* docum5tation z is necess>y to       
e/abli% su* individual z eligible1      
includ+ payroll tax fil+s report$ to !  
,int]nal ,rev5ue ,s]vice1 ,=ms          

#ajii-,,misc1 & income & exp5ses f !    
sole proprietor%ip1 z det]m9$ by !      
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration & ! ,secret>y ( !         
,treasury4 ,an applicant may submit to !
 ,secret>y ( ! ,treasury a              
self-c]tification = employee labor      
exp5ses & payroll4  7f7 ,mat]ials ,any  
application or in=mational mat]ial      
relat$ to ! grant program provid$ by    
,dep>tm5t ( ! ,treasury or ! ,int]nal   
,rev5ue ,s]vice %all be made available 9
 ! #aj mo/ us$ languages 9 ! ,unit$     
,/ates aft] ,engli%4  7g7 ,receipt (    
funds ,any eligible entity %all receive 
a grant made "u subsection 7b7 n lat]   
?an #ad days aft] ! date on :i* ! entity
 submitt$ an application = ! grant4  7h7
 ,report+ ,! ,secret>y ( ! ,treasury    
%all submit to ! ,committee on ,bank+1  
,h\s+1 & ,urban ,affairs & ! ,committee 
on ,small ,bus9ess & ,entrepr5eur%ip ( !
 ,s5ate & ! ,committee on ,f9ancial     
,s]vice1 ! ,committee on ,small         
,bus9ess1 & ! ,committee on ,ov]sight & 

,re=m ( ! ,h\se ( ,repres5tatives a     
report on ! in=mation ab\t ! e?nicity1  
race1 indu/ry1 geographical             
demographics1 & sex ( applicants =      
grants made "u ?is section4  #c4 ,direct
 appropriation  7a7 ,9 g5]al ,!re is    
appropriat$1 out ( am\nts 9 ! ,treasury 
n o!rwise appropriat$1 to ! ,secret>y ( 
! ,treasury #abe1jjj1jjj1jjj to c>ry out
 ?is ,act4  7b7 ,em]g5cy designation    
7#a7 ,9 g5]al ,! am\nts provid$ "u ?is  
,act are designat$ z an em]g5cy         
requirem5t pursuant to section #d7;g7 ( 
! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj  
7#b ,u4,s4,c4 #icc7;g774  7#b7          
,designation 9 s5ate ,9 ! ,s5ate1 ?is   
,act is designat$ z an em]g5cy          
requirem5t pursuant to section #daab7;a7
 ( ,h4 ,con4 ,res4 #ga 7#aae?           
,congress71 ! concurr5t resolution on ! 
budget = fiscal ye> #bjah4