,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dbfh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bb1     
#bjbj,ms4 ,hassan 7for herself and ,mr4 
,burr7 introduced the following bill2   
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
improve coordination between the        
paycheck protection program and employee
 retention tax credit4  #a4 ,short title
 ,this ,act may be cited as the         
,employer ,assistance ,coordination     
,act4  #b4 ,improved coordination       
between paycheck protection program and 
employee retention tax credit  7a7      
,amendment to paycheck protection       
program ,section #aajf7;a77#h7 of the   
,,cares ,act 7,public ,law #aaf-acf7 is 
amended by inserting 1 except that such 
costs shall not include qualified wages 
taken into account in determining the   
credit allowed under section #bcja of   
this ,act before the period at the end4 
7b7 ,amendments to employee retention   
tax credit  7#a7 ,in general ,section   

#bcja7;g7 of the ,,cares ,act 7,public  
,law #aaf-acf7 is amended to read as    
follows3  7g7 ,election ,to not take    
certain wages into account  7#a7 ,in    
general ,this section shall not apply to
 qualified wages paid by an eligible    
employer with respect to which such     
employer makes an election 7at such time
 and in such manner as the ,secretary   
may prescribe7 to have this section not 
apply to such wages4  7#b7 ,coordination
 with paycheck protection program ,the  
,secretary1 in consultation with the    
,administrator of the ,small ,business  
,administration1 shall issue guidance   
providing that payroll costs paid or    
incurred during the covered period shall
 not fail to be treated as qualified    
wages under this section by reason of an
 election under paragraph 7#a7 to the   
extent that a covered loan of the       
eligible employer is not forgiven by    
reason of a decision under section      
#aajf7;g74 ,terms used in the preceding 
sentence which are also used in section 

#aajf shall have the same meaning as    
when used in such section4  4  7#b7     
,conforming amendments  7,a7 ,section   
#bcja of the ,,cares ,act 7,public ,law 
#aaf-acf7 is amended by striking        
subsection 7j74  7,b7 ,section #bcja7l7 
of the ,,cares ,act 7,public ,law       
#aaf-acf7 is amended by striking        
paragraph 7#c7 and by redesignating     
paragraphs 7#d7 and 7#e7 as paragraphs  
7#c7 and 7#d71 respectively4  7c7       
,effective date ,the amendments made by 
this section shall take effect as if    
included in the provisions of the       
,,cares ,act 7,public ,law #aaf-acf7 to 
which they relate4