,,ii #aaf? ,,congress #b;d ,session ,s4 #djhc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #be1 #bjbj,mr4 ,van ,holl5 7= himself1 ,mr4 ,m]kley1 ,mr4 ,murphy1 & ,ms4 ,baldw97 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,relief = ,work]s ,affect$ by ,coronavirus ,act to ext5d ,f$]al ,p&emic ,unemploym5t ,comp5sation & improve %ort-"t comp5sation programs & agreem5ts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,rebuild+ ,ma9 ,/reet ,act ( #bjbj4 #b4 ,ext5sion ( ,f$]al ,p&emic ,unemploym5t ,comp5sation 7a7 ,9 g5]al ,section #bajd7;e77#b7 ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$ by /rik+ ,july #ca1 #bjbj & ins]t+ ,decemb] #ca1 #bjbj4 7b7 ,application to %ort-,"t comp5sation programs & agreem5ts ,section #bajd7;i77#b7 ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$-- 7#a7 9 subp>agraph 7,c71 by /rik+ & at ! end2 7#b7 9 subp>agraph 7,d71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7,e7 %ort-"t comp5sation "u section #bajh or #baji4 4 #c4 ,improvem5ts to f9anc+ ( %ort-"t comp5sation 7a7 ,/ates ,) programs 9 law ,section #bajh ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#a71 by /rik+ p>agraph 7#c7 & ins]t+ p>agraphs 7#c71 7#d71 & 7#e72 & 7,b7 by /rik+ p>agraph 7#c7 & ins]t+ ! foll[+3 7#c7 ,limitations on paym5ts ,no paym5ts %all be made to a ,/ate "u ?is section = %ort-"t comp5sation paid to an individual by ! ,/ate dur+ a b5efit ye> 9 excess ( #bf times ! am\nt ( regul> comp5sation 7includ+ dep5d5ts' all[ances7 "u ! ,/ate law payable to su* individual = a week ( total unemploym5t4 7#d7 ,seasonal1 tempor>y1 or int]mitt5t employm5t ,paym5ts may be made to a ,/ate "u ?is section = b5efits paid to an individual by ! ,/ate "u a %ort-"t comp5sation program if su* individual is employ$ by ! p>ticipat+ employ] on a seasonal1 tempor>y1 or int]mitt5t basis1 & any r$uction 9 su* individual's h\rs is due to circum/ances relat$ to ! coronavirus disease #bjai 7,,covid-#ai7 p&emic4 7#e7 ,au?ority = ,/ates ) programs 9 law to tempor>ily adju/ limits on workweek r$uction & p]mitt+ rehir+ 7,a7 ,9 g5]al ,= purposes ( mak+ paym5ts "u ?is section1 9 ! case ( a ,/ate ^: ,/ate law provides = ! paym5t ( %ort-"t comp5sation "u a %ort-"t comp5sation program t meets ! def9ition ( su* a program "u section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf-- 7i7 p>agraph 7#b7 ( su* section #ccjf7v7 %all be appli$ by ins]t+ or ! employ] rehires employees or br+s back employees f furl\gh at r$uc$ h\rs aft] lay(fs2 7ii7 p>agraph 7#c7 ( su* section #ccjf7v7 %all be appli$ by /rik+ #fj p]c5t & ins]t+ #hj p]c5t2 & 7iii7 p>agraph 7#g7 ( su* section #ccjf7v7 %all be appli$ by ins]t+ 1 or :o is rehir$ or br\ght back f furl\gh at r$uc$ h\rs "u ! program1 aft] "u ! program4 7,b7 ,limitation ,! modifications to su* section #ccjf7v7 "u clauses 7i71 7ii71 & 7iii7 ( subp>agraph 7,a7 %all only apply dur+ ! p]iod = :i* ?is section is applicable4 2 7#b7 by r$esignat+ subsections 7d71 7e71 & 7f7 z subsections 7e71 7f71 & 7g71 respectively2 & 7#c7 by ins]t+ aft] subsection 7c7 ! foll[+3 7d7 ,re/riction on *>g+ ( f$]ally reimburs$ %ort-,"t comp5sation b5efits ,beg9n+ on ! date ( enactm5t ( ?is subsection1 a ,/ate receiv+ paym5ts "u ?is section may n increase exp]i5ce rat$ ,/ate unemploym5t taxes1 or require reimbursem5t = b5efit co/s1 due to %ort-"t comp5sation b5efits paid on or be=e ,decemb] #ca1 #bjbj4 4 7b7 ,f$]al-,/ate ,agreem5ts 7#a7 ,application ( section #ccjf ( ! ,int]nal ,rev5ue ,code ( #aihf ,section #baji7;b77#a7 ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$ by ins]t+ be=e ! p]iod at ! end except t p>agraphs 7#b71 7#c71 & 7#g7 ( su* section #ccjf7v7 %all be appli$ "u an agreem5t "u ?is section 9 ! same mann] z su* p>agraphs are appli$ "u section #bajh pursuant to clauses 7i71 7ii71 & 7iii7 ( p>agraph 7#e77;,a7 ( su* section4 7#b7 ,expansion ( f9anc+ = %ort-"t comp5sation 7,a7 ,9 g5]al ,section #baji ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$-- 7i7 9 subsection 7b71 by /rik+ p>agraphs 7#b7 & 7#c7 & ins]t+ ! foll[+3 7#b7 ,limitations on plans ,a %ort-"t comp5sation plan approv$ by a ,/ate %all n p]mit ! paym5t ( %ort-"t comp5sation to an individual by ! ,/ate dur+ a b5efit ye> 9 excess ( #bf times ! am\nt ( regul> comp5sation 7includ+ dep5d5ts' all[ances7 "u ! ,/ate law payable to su* individual = a week ( total unemploym5t4 7#c7 ,seasonal1 tempor>y1 or int]mitt5t employm5t ,paym5ts may be made to a ,/ate "u ?is section = b5efits paid to an individual by ! ,/ate "u a %ort-"t comp5sation plan if su* individual is employ$ by ! p>ticipat+ employ] on a seasonal1 tempor>y1 or int]mitt5t basis1 & any r$uction 9 su* individual's h\rs is due to circum/ances relat$ to ! coronavirus disease #bjai 7,,covid-#ai7 p&emic4 2 & 7ii7 9 subsection 7c77#a77;,a71 by /rik+ "o-half & ins]t+ #ajj p]c5t4 7,b7 ,effective date ,! am5dm5ts made by subp>agraph 7,a7 %all take effect z if includ$ 9 ! enactm5t ( su* section #baji4 7#c7 ,re/riction on *>g+ ( ,f$]ally reimburs$ %ort-"t comp5sation b5efits ,section #baji ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$-- 7,a7 by r$esignat+ subsection 7f7 z subsection 7g72 & 7,b7 by ins]t+ aft] subsection 7e7 ! foll[+3 7f7 ,re/riction on *>g+ ( f$]ally reimburs$ %ort-,"t comp5sation b5efits ,beg9n+ on ! date ( enactm5t ( ?is subsection1 a ,/ate receiv+ paym5ts "u ?is section may n increase exp]i5ce rat$ ,/ate unemploym5t taxes1 or require reimbursem5t = b5efit co/s1 due to %ort-"t comp5sation b5efits paid on or be=e ,decemb] #ca1 #bjbj4 4 7c7 ,f$]al website & common application = %ort-,"t comp5sation ,title ,,ix ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aaja et seq47 is am5d$ by add+ at ! end ! foll[+3 #iab4 ,%ort-"t comp5sation common application & website 7a7 ,f$]al %ort-,"t comp5sation common application 7#a7 ,9 g5]al ,n lat] ?an #cj days aft] ! enactm5t ( ?is section1 ! ,secret>y ( ,labor %all e/abli% & ma9ta9 an int]net-bas$ ,f$]al %ort-"t comp5sation common application ?r\gh :i* an employ] may apply to ! %ort-"t comp5sation program ( any ,/ate 7includ+ multiple ,/ates at ! same "t7 t has adopt$ su* common application4 7#b7 ,use ( model language ,! ,secret>y ( ,labor %all e/abli% ! common application "u p>agraph 7#a7 bas$ on ! model language develop$ pursuant to section #bafe ( ! ,middle ,class ,tax ,relief & ,job ,creation ,act ( #bjab4 7b7 ,f$]al %ort-,"t comp5sation website ,n lat] ?an #cj days aft] ! enactm5t ( ?is section1 ! ,secret>y ( ,labor %all e/abli% & ma9ta9 a publicly available int]net website-- 7#a7 ?r\gh :i* an employ] may obta9 in=mation ab\t any %ort-"t comp5sation program available 9 ! ,/ate 9 :i* ! employ] op]ates1 includ+ a program "u sections #bajh ?r\gh #baaj ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act72 & 7#b7 t provides in=mation ab\t & access to ! ,f$]al %ort-"t comp5sation common application1 z e/abli%$ 9 subsection 7a74 4 #d4 ,improvem5ts to grants = %ort-"t comp5sation programs 7a7 ,exi/+ grants ,section #baaj ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#a71 by ins]t+ or ent] into an agreem5t "u section #baji to provide aft] enact2 & 7,b7 9 p>agraph 7#c71 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 ,cl>ification ,a ,/ate adm9i/]+ a %ort-"t comp5sation program t does n meet ! def9ition ( a %ort-"t comp5sation program z def9$ 9 subsection 7i77#b7 %all n be eligible to receive a grant "u ?is section until su* "t z ! ,/ate provides = paym5ts "u a %ort-"t comp5sation program t meets su* def9ition4 2 7#b7 9 subsection 7b71 by /rik+ p>agraph 7#a7 & ins]t+ ! foll[+3 7#a7 ,am\nt 7,a7 ,implem5tation & improvem5t ,subject to subp>agraph 7,c71 ! maximum am\nt available = mak+ grants "u subsections 7a7 7#a7 & 7#b7 to a ,/ate t adm9i/]s a %ort-"t comp5sation program %all be equal to ! am\nt obta9$ by multiply+ #aej1jjj1jjj 7less ! am\nt us$ by ! ,secret>y "u subsection 7e77 by ! same ratio z w\ld apply "u subsection 7a77#b77;,b7 ( section #ijc ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aajc7 = purposes ( det]m9+ su* ,/ate's %>e ( any excess am\nt 7z describ$ 9 subsection 7a77#a7 ( su* section7 t w\ld h be5 subject to transf] to ,/ate acc\nts1 z ( ,octob] #a1 #bjai1 "u ! provisions ( subsection 7a7 ( su* section4 2 7#c7 9 subsection 7c7-- 7,a7 9 p>agraph 7#c71 by ins]t+ or agreem5t aft] ! ,/ate law2 & 7,b7 9 p>agraph 7#d77;,b71 by ins]t+ 7o!r ?an pursuant to an agreem5t "u section #baji7 aft] %ort-"t comp5sation program2 7#d7 9 subsection 7g71 by /rik+ #ajj1jjj1jjj & ins]t+ #bjj1jjj1jjj2 & 7#e7 9 subsection 7i77#b71 by ins]t+ be=e ! p]iod at ! end 1 except t p>agraphs 7#b71 7#c71 & 7#g7 ( su* section #ccjf7v7 %all be appli$ "u ?is section 9 ! same mann] z su* p>agraphs are appli$ "u section #bajh pursuant to clauses 7i71 7ii71 & 7iii7 ( p>agraph 7#e77;,a7 ( su* section4 7b7 ,additional fund+ = ,/ates :o /reaml9e program guidel9es ,section #baaj ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf77 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 by r$esignat+ p>agraph 7#c7 z p>agraph 7#d72 7,b7 by ins]t+ aft] p>agraph 7#b7 ! foll[+3 7#c7 ,= /reaml9+ program guidel9es ,! ,secret>y %all aw>d grants to ,/ates t are eligible & submit plans = a grant "u p>agraph 7#a7 = su* ,/ates t /reaml9e ! %ort-"t comp5sation program guidel9es ( ! ,/ate1 su* z-- 7,a7 all[+ an employ] to provide an eligibility c]tification on behalf ( ! employees ( ! employ] on a weekly basis2 7,b7 all[+ an employ] to rehire an employee or br+ back an employee f furl\gh at r$uc$ h\rs1 pursuant to ! modifications describ$ 9 section #bajh7;a77#e77;,a7 & section #baji7;b77#a72 7,c7 relax+ any ,/ate limitation on %ort-"t comp5sation h\r r$uction to mat* ! maximum p]c5tage p]mitt$ "u section #ccjf7v77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 pursuant to ! modifications describ$ 9 section #bajh7;a77#e77;,a7 & section #baji7;b77#a72 or 7,d7 accept+ employ] applications submitt$ us+ ! ,f$]al %ort-"t comp5sation common application e/abli%$ "u ?is ,act4 2 & 7,c7 9 p>agraph 7#d77;,a71 z r$esignat$ by subp>agraph 7,a71 by /rik+ & 7#b7 & ins]t+ 1 7#b71 & 7#c72 7#b7 9 subsection 7b7-- 7,a7 9 p>agraph 7#a71 z am5d$ by subsection 7a77#b71 by add+ at ! end ! foll[+3 7,b7 ,/reaml9+ program guidel9es ,subject to subp>agraph 7,c71 ! maximum am\nt available = mak+ grants "u subsection 7a77#c7 to a ,/ate %all be equal to ! am\nt obta9$ by multiply+ #ej1jjj1jjj 7less ! am\nt us$ by ! ,secret>y "u subsection 7e77 by ! same ratio z w\ld apply "u subsection 7a77#b77;,b7 ( section #ijc ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aajc7 = purposes ( det]m9+ su* ,/ate's %>e ( any excess am\nt 7z describ$ 9 subsection 7a77#a7 ( su* section7 t w\ld h be5 subject to transf] to ,/ate acc\nts1 z ( ,octob] #a1 #bjai1 "u ! provisions ( subsection 7a7 ( su* section4 7,c7 ,special rule = ,f$]al-,/ate agreem5ts ,9 no case may ! total ( all grants made "u ?is section to a ,/ate adm9i/]+ a %ort-"t comp5sation program pursuant to an agreem5t "u section #baji exce$ #a1jjj1jjj4 2 & 7,b7 by /rik+ p>agraph 7#b7 & ins]t+ ! foll[+3 7#b7 ,am\nt available = diff]5t grants 7,a7 ,grants = implem5tation or improv$ adm9i/ration or = promotion & enrollm5t ,( ! maximum inc5tive paym5t det]m9$ "u p>agraph 7#a77;,a7 ) respect to a ,/ate-- 7i7 "o-?ird %all be available = a grant "u subsection 7a77#a72 & 7ii7 two-?irds %all be available = a grant "u subsection 7a77#b74 7,b7 ,grants = /reaml9+ program guidel9es ,( ! maximum inc5tive paym5t det]m9$ "u p>agraph 7#a77;,b7 ) respect to a ,/ate1 #ajj p]c5t %all be available = a grant "u subsection 7a77#c74 2 7#c7 9 subsection 7c7-- 7,a7 9 p>agraph 7#a71 by /rik+ or 7#b7 & ins]t+ 1 7#b71 or 7#c72 7,b7 9 p>agraph 7#b71 by /rik+ or 7#b7 7or bo?7 & ins]t+ 1 7#b71 or 7#c7 7or ea* p>agraph72 & 7,c7 9 p>agraph 7#d71 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ or 7#b7 & ins]t+ 1 7#b71 or 7#c72 7#d7 9 subsection 7d71 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ 1 ! /reaml9+ ( guidel9es = su* programs1 aft] adm9i/ration ( su* programs2 & 7#e7 9 subsection 7f71 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ or 7#b7 & ins]t+ 1 7#b71 or 7#c74 #e4 ,rebuild+ ma9 /reet grant program 7a7 ,9 g5]al ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all e/abli% a program to provide grants to any eligible employ] to help ensure t su* employ] rema9s 9 op]ation :ile its employees cont9ue work+ r$uc$ h\rs pursuant to a %ort-"t comp5sation program4 7b7 ,application ,any eligible employ] seek+ to receive a grant "u ?is section %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7c7 ,am\nt ( grant 7#a7 ,9 g5]al ,= ea* cal5d> qu>t] end+ aft] ! date on :i* ! application has be5 approv$ = an eligible employ] "u subsection 7b7 & end+ be=e ,janu>y #a1 #bjbb1 ! ,secret>y %all provide a grant to su* employ] 9 an am\nt equal to ! applicable p]c5tage ( ! eligible co/s paid or incurr$ by su* employ] = ! prec$+ cal5d> qu>t]4 7#b7 ,applicable p]c5tage 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! applicable p]c5tage = any cal5d> qu>t] %all be ! am\nt equal to-- 7i7 9 ! case ( an eligible employ] describ$ 9 subclause 7,i7 ( subsection 7f77#a77;,a77i71 #ej p]c5t1 z r$uc$ 7b n bel[ z]o7 by #b p]c5tage po9ts = ea* p]c5tage po9t by :i* ! r$uction 9 gross receipts ( ! eligible employ] = su* qu>t] is less ?an #ej p]c5t2 or 7ii7 9 ! case ( an eligible employ] describ$ 9 subclause 7,,ii7 ( su* subsection1 #ej p]c5t4 7,b7 ,r$uction 9 gross receipts 7i7 ,9 g5]al ,) respect to any cal5d> qu>t]1 ! r$uction 9 gross receipts = su* qu>t] is ! am\nt 7express$ z a p]c5tage7 equal to ! quoti5t (-- 7,i7 gross receipts ( ! eligible employ] = su* qu>t]2 & 7,,ii7 gross receipts ( ! eligible employ] = ! same cal5d> qu>t] dur+ ! prec$+ cal5d> ye>4 7ii7 ,new employ]s ,9 ! case ( an eligible employ] :i* 0 n c>ry+ on a trade or bus9ess 7or1 9 ! case ( an organization exempt f taxation "u section #eja7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 :i* 0 n c>ry+ on activities relat$ to ! purpose or function con/itut+ ! basis ( ! organization's exemption "u su* section7 dur+ ! same cal5d> qu>t] 9 ! prec$+ cal5d> ye>1 clause 7i77,,ii7 %all be appli$ by sub/itut+ ! fir/ cal5d> qu>t] ( #bjbj = ! same cal5d> qu>t] dur+ ! prec$+ cal5d> ye>4 7#c7 ,exclusion = failure to comply ) public heal? ord]s ,a grant %all n be provid$ to an eligible employ] = any cal5d> qu>t] 9 :i* su* employ] has be5 det]m9$ by a ,/ate or local gov]nm5t ag5cy ) appropriate jurisdiction ov] su* employ] to h fail$ to c>ry out its op]ations 9 compliance ) any applicable ,/ate or local public heal? ord] or requirem5t & has provid$ notice to ! ,secret>y ( su* failure to comply ) su* ord] or requirem5t4 7#d7 ,limitation ,! cumulative am\nt ( any grants :i* may be provid$ to an eligible employ] "u ?is section = all cal5d> qu>t]s %all n exce$ #cjj1jjj4 7#e7 ,in=mation reg>d+ eligible co/s ,= purposes ( det]m9+ ! am\nt ( ! grant to be provid$ = ea* cal5d> qu>t] "u ?is subsection1 an eligible employ] %all provide ! ,secret>y su* in=mation z is deem$ necess>y by ! ,secret>y4 7d7 ,no r$uction 9 loan =giv5ess = pay*eck protection loans ,section #aajf7;d7 ( ! ,,c>es ,act 7,public ,law #aaf-acf71 z am5d$ by section #c7;b77#b7 ( ! ,pay*eck ,protection ,program ,flexibility ,act ( #bjbj 7,public ,law #aaf-adb71 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#i7 ,no r$uction 9 =giv5ess bas$ on "w-%>+ plan ,! am\nt ( =giv5ess ( a cov]$ loan made to an eligible recipi5t "u ?is section %all n be r$uc$ bas$ on a r$uction relat+ to sal>y & wages "u p>agraph 7#c7 if ! eligible recipi5t elect$ to provide r$uc$ "w h\rs to full-"t equival5t employees ( ! eligible recipi5t pursuant to a %ort t]m comp5sation program1 z def9$ 9 section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 includ+ any %ort-"t comp5sation plan approv$ by a ,/ate pursuant to section #baji7;b77#a74 4 7e7 ,no reimbursem5t ,any exp5se paid by an eligible employ] ) proce$s f a loan made "u section #g7;a77#cf7 ( ! ,small ,bus9ess 7#ae ,u4,s4,c4 #fcf7;a77#cf77 %all n be eligible = reimbursem5t "u ! program e/abli%$ "u ?is section4 7f7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,eligible employ] 7,a7 ,9 g5]al ,! t]m eligible employ] means any entity 7includ+ any organization exempt f taxation "u section #eja7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf7-- 7i7 7,i7 = :i* ! r$uction 9 gross receipts 7z det]m9$ "u subsection 7c77#b77;,b77 = ! mo/ rec5t cal5d> qu>t] end+ be=e ! date on :i* su* entity submitt$ an application "u subsection 7b7 is n less ?an #be p]c5t2 or 7,,ii7 :i*-- 7aa7 _h less ?an #bj employees dur+ ! p]iod describ$ 9 clause 7i7 ( subp>agraph 7,b72 7bb7 _h less ?an #a1ejj1jjj 9 annual gross receipts 7z det]m9$ "u clause 7ii7 ( su* subp>agraph72 & 7cc7 z "p ( _! application "u subsection 7b71 has made a good fai? c]tification t ! unc]ta9ty ( curr5t economic conditions makes necess>y ! grant reque/ to support ! ongo+ op]ations ( su* entity2 7ii7 :i* has elect$ to provide r$uc$ "w h\rs to employees pursuant to a %ort-"t comp5sation program2 & 7iii7 :i* is n-- 7,i7 a h$ge fund or a private equity fund1 z def9$ 9 section #ac7;h7 ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahea7;h772 7,,ii7 a corporation ! /ock ( :i* is publicly trad$2 or 7,,iii7 a publicly trad$ p>tn]%ip 7z def9$ 9 section #ggjd7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 7,b7 ,rules = c]ta9 employ]s 7i7 ,employees ,! p]iod describ$ 9 ?is clause %all be1 at ! election ( ! entity-- 7,i7 ! p]iod beg9n+ on ,febru>y #ae1 #bjai1 & end+ on ,june #cj1 #bjai2 or 7,,ii7 ! p]iod beg9n+ on ,janu>y #a1 #bjbj1 & end+ on ,febru>y #bi1 #bjbj4 7ii7 ,gross receipts 7,i7 ,9 g5]al ,= purposes ( subp>agraph 7,a77i77,,ii77bb71 annual gross receipts %all be det]m9$ bas$ on in=mation provid$ = ! mo/ rec5t taxable ye> = :i* a tax return has be5 fil$ by ! entity 7includ+1 9 ! case ( an organization exempt f taxation "u section #eja7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 a return requir$ "u section #fjcc ( su* ,code74 7,,ii7 ,new employ]s ,) respect to ! taxable ye> describ$ 9 subclause 7,i71 9 ! case ( an entity :i* 0 n c>ry+ on a trade or bus9ess 7or1 9 ! case ( an organization exempt f taxation "u section #eja7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 :i* 0 n c>ry+ on activities relat$ to ! purpose or function con/itut+ ! basis ( ! organization's exemption "u su* section7 dur+ ! entirety ( su* taxable ye>1 annual gross receipts %all be det]m9$ on an annualiz$ basis4 7,,iii7 ,organization exempt f fil+ ,= purposes ( subclause 7,i71 9 ! case ( an organization exempt f taxation "u section #eja7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf :i* is exempt f fil+ a return pursuant to section #fjcc7;a7 ( su* ,code1 su* organization may submit to ! ,secret>y 79 su* =m & mann] z is deem$ appropriate by ! ,secret>y7 any in=mation requir$ to det]m9e ! annual gross receipts ( su* organization = purposes ( subp>agraph 7,a77i77,,ii77bb74 7,c7 ,aggregation rule ,all p]sons :i* are treat$ z a s+le employ] "u subsections 7a7 & 7b7 ( section #eb ( ! ,int]nal ,rev5ue ,code ( #aihf %all be treat$ z a s+le eligible employ] = purposes ( ?is section4 7#b7 ,eligible co/s 7,a7 ,9 g5]al ,! t]m eligible co/s means ! paym5t or accrual1 9 ! ord9>y c\rse ( ! eligible employ]'s trade or bus9ess1 (-- 7i7 any cov]$ mortgage obligation1 cov]$ r5t obligation1 or cov]$ utility paym5t2 & 7ii7 any co/s & exp5ses necess>y to ma9ta91 reop51 & reconfigure ! op]ations ( ! eligible employ]1 includ+ co/s & exp5ses relat$ to clean+1 equipm5t1 & o!r simil> exp5ditures1 z def9$ by ! ,secret>y ?r\gh su* regulations or o!r guidance z may be appropriate or necess>y to c>ry out ! purposes ( ?is section4 7,b7 ,exception ,= purposes ( subp>agraph 7,a77i71 ! t]m eligible co/s %all n include ! prepaym5t ( any obligation = a p]iod 9 excess ( a mon? unless ! paym5t = su* p]iod is cu/om>ily due 9 advance4 7,c7 ,application ( def9itions ,= purposes ( subp>agraph 7,a77i71 ! t]ms cov]$ mortgage obligation1 cov]$ r5t obligation1 & cov]$ utility paym5t %all ea* h ! same mean+ z :5 us$ 9 section #aajf ( ! ,,c>es ,act4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate4 7#d7 ,%ort-"t comp5sation program ,! t]m %ort-"t comp5sation program has ! same mean+ giv5 su* t]m "u section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 includ+ any %ort-"t comp5sation plan approv$ by a ,/ate pursuant to section #baji7;b77#a7 ( ! ,relief = ,work]s ,affect$ by ,coronavirus ,act 7conta9$ 9 subtitle ,a ( title ,,ii ( division ,a ( ! ,,c>es ,act 7,public ,law #aaf-acf774 7g7 ,reports ,beg9n+ #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all submit a qu>t]ly report to ! ,committees on ,appropriations ( ! ,h\se ( ,repres5tatives & ! ,s5ate1 z well z ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 reg>d+ ! op]ations ( ! grant program e/abli%$ "u ?is section1 includ+-- 7#a7 in=mation reg>d+ ! size & geographic location ( eligible employ]s t h receiv$ grants2 & 7#b7 demographic in=mation ) respect to ! pr9cipal own]s ( su* eligible employ]s4 7h7 ,public aw>5ess campaign ,! ,secret>y1 9 coord9ation ) ! ,secret>y ( ,labor1 ! ,secret>y ( ,comm]ce1 & ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration1 %all conduct a public aw>5ess campaign1 to be c>ri$ out ?r\gh ! ,m9ority ,bus9ess ,developm5t ,ag5cy ( ! ,dep>tm5t ( ,comm]ce & wom5's bus9ess c5t]s 7z describ$ 9 section #bi ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef771 to provide in=mation & outrea* to help und]s]v$ bus9esses p>ticipate 9 %ort-"t comp5sation programs & ! program e/abli%$ "u ?is section4 7i7 ,appropriations ,out ( any money 9 ! ,treasury n o!rwise appropriat$1 !re %all be appropriat$ su* sums z are necess>y to c>ry out ! purposes ( ?is section1 to rema9 available until exp5d$4