,,ii #aaf? ,,congress #b;d ,session ,s4 #ddee ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,augu/ #e1 #bjbj,ms4 ,h>ris 7= h]self1 ,mr4 ,udall1 ,mrs4 ,gillibr&1 ,mrs4 ,fe9/e91 ,ms4 ,klobu*>1 ,ms4 ,smi?1 ,mr4 ,m]kley1 & ,mr4 ,he9ri*7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to require report+ on ! pay*eck protection program ( ! ,small ,bus9ess ,adm9i/ration1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,pay*eck ,protection ,program ,transp>5cy ,act ( #bjbj4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/ration2 ,adm9i/rator ,! t]ms ,adm9i/ration & ,adm9i/rator mean ! ,small ,bus9ess ,adm9i/ration & ! ,adm9i/rator !re(1 respectively4 7#b7 ,borr[] ,! t]m borr[] includes1 :e!r = pr(it or nonpr(it-- 7,a7 a corporation2 7,b7 an association2 7,c7 a p>tn]%ip2 7,d7 a limit$ liability company2 7,e7 a limit$ liability p>tn]%ip2 7,f7 a sole proprietor%ip2 7,g7 any o!r legal bus9ess entity2 or 7,h7 any ,/ate or locality4 7#c7 ,l5d] ,! t]m l5d] means any l5d] or int]m$i>y1 z def9$ 9 section #g7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m771 t disburs$ a ,pay*eck ,protection ,program ,loan4 7#d7 ,pay*eck ,protection ,program ,loan ,! t]m ,pay*eck ,protection ,program ,loan means a cov]$ loan "u section #g7;a77#cf7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf774 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 #c4 ,full disclosure ( entities receiv+ pay*eck protection program loans 7a7 ,borr[]s ,n lat] ?an #cj cal5d> days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/ration %all e/abli% a s+le se>*able website t-- 7#a7 %all be updat$ e #g cal5d> days !reaft]2 7#b7 is accessible by ! public at no co/ 9 a d[nloadable 9 a /ructur$ data =mat2 & 7#c7 includes1 ) respect to ea* ,pay*eck ,protection ,program ,loan borr[]-- 7,a7 ! "n ( ! borr[]2 7,b7 ! am\nt receiv$ by ! borr[] "u a ,pay*eck ,protection ,program ,loan1 & ! date ( su* receipt2 7,c7 ! location ( ! borr[]1 includ+ ! city1 ,/ate1 congressional di/rict1 & #e-;digit ,,zip ,code2 7,d7 ! numb] ( employees ( ! borr[] z ( ! date describ$ 9 subp>agraph 7,b72 7,e7 :e!r ! borr[] is-- 7i7 a small bus9ess conc]n own$ & controll$ by socially & economically disadvantag$ individuals1 z def9$ 9 section #h7;d77#c77;,c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;d77#c77;,c772 7ii7 a small bus9ess conc]n own$ & controll$ by wom51 z def9$ 9 section #c ( su* ,act 7#ae ,u4,s4,c4 #fcb72 or 7iii7 a small bus9ess conc]n own$ & controll$ by vet]ans1 z def9$ 9 section #c ( su* ,act 7#ae ,u4,s4,c4 #fcb72 7,f7 ! ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = ! indu/ry 9 :i* ! borr[] op]ates2 7,g7 ! tax /atus ( ! borr[]2 & 7,h7 ! am\nt ( a ,pay*eck ,protection ,program ,loan return$1 if applicable4 7b7 ,l5d]s ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/ration %all e/abli% a s+le se>*able website t-- 7#a7 %all be updat$ e #g cal5d> days !reaft]2 7#b7 is accessible by ! public at no co/ 9 a d[nloadable 9 a /ructur$ data =mat2 7#c7 includes1 ) respect to ea* l5d] ( a ,pay*eck ,protection ,program ,loan-- 7,a7 ! "n ( ! l5d]2 7,b7 ! physical location ( ! l5d]1 includ+ ! city1 ,/ate1 congressional di/rict1 & #e-;digit ,,zip ,code2 7,c7 ! numb] ( ,pay*eck ,protection ,program ,loans disburs$ by ! l5d]2 7,d7 ! aggregate value ( ,pay*eck ,protection ,program ,loans disburs$ by ! l5d]2 7,e7 ! av]age value ( ,pay*eck ,protection ,program ,loans disburs$ by ! l5d]2 & 7,f7 ! total fees collect$ by ! l5d] ) respect to ,pay*eck ,protection ,program ,loans2 & 7#d7 includes-- 7,a7 ! numb] ( l5d]s t are community developm5t f9ancial in/itutions1 z def9$ 9 section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb772 & 7,b7 ! numb] ( l5d]s t are m9ority depository in/itutions1 z def9$ 9 section #cjh ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note74 7c7 ,consultation ,9 e/abli%+ ! websites requir$ "u ?is section1 ! ,adm9i/ration %all consult ) s]vice deliv]y units 9 ! ,f$]al ,gov]nm5t1 includ+ ^? units 9 ! ,g5]al ,s]vices ,adm9i/ration4 #d4 ,report ,n lat] ?an #cj cal5d> days aft] ! date ( enactm5t ( ?is ,act1 ! ,inspector ,g5]al ( ! ,adm9i/ration %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs & ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate1 ! ,committee on ,f9ancial ,s]vices & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives1 ! ,congressional ,ov]sight ,commission e/abli%$ "u section #djbj ( ! ,,c>es ,act 7,public ,law #aaf-acf71 & ! ,p&emic ,response ,acc\ntability ,committee e/abli%$ "u section #aejaj ( ! ,,c>es ,act 7,public ,law #aaf-acf7 a report1 :i* %all-- 7#a7 be po/$ on ea* website e/abli%$ "u section #c2 & 7#b7 include-- 7,a7 in=mation on ! /atus ( ,pay*eck ,protection ,program ,loans1 includ+ :5 ! loans are clos$2 7,b7 in=mation on ,pay*eck ,protection ,program ,loans t 7 made & ^? t 7 return$2 7,c7 in=mation on ! ,pay*eck ,protection ,program ,loans t 7 =giv51 :i* %all include data disaggregat$ by ! proce$s ( ! loan t 7 us$ = ea* ( ! co/s & paym5ts describ$ 9 section #aajf7;b7 ( ! ,,c>es ,act 7,public ,law #aaf-acf72 7,d7 data on any borr[]s ( ,pay*eck ,protection ,program ,loans t h connections to ,f$]al ,gov]nm5t (ficials2 7,e7 data on m9ority access to ,pay*eck ,protection ,program ,loans1 includ+ in=mation on-- 7i7 m9ority borr[]s1 disaggregat$ by race2 7ii7 ! p]c5tage ( borr[]s t are wom51 vet]ans1 or m9orities2 & 7iii7 ! numb] ( d5ials & acceptances = m9ority borr[]s2 & 7,f7 a plan = ! regul> collection ( ! data describ$ 9 subp>agraph 7,e74 #e4 ,prohibition on use ( funds = c]ta9 sal>ies ,none ( ! funds au?oriz$ to be appropriat$ "u ! ,,c>es ,act 7,public ,law #aaf-acf7 or o!rwise made available = fiscal ye> #bjbj = ! ,dep>tm5t ( ! ,treasury or ! ,adm9i/ration may be obligat$ or exp5d$ to pay ! sal>y ( ! ,secret>y1 ! ,adm9i/rator1 or any political appo9tee ( ! ,dep>tm5t ( ! ,treasury or ! ,adm9i/ration unless ! ,p&emic ,response ,acc\ntability ,committee e/abli%$ "u section #aejaj ( ! ,,c>es ,act 7,public ,law #aaf-acf7 c]tifies 9 writ+ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives t ! ,adm9i/rator has e/abli%$ ea* website requir$ "u section #c4 #f4 ,implem5tation ( ,equal ,cr$it ,opportunity ,act ,! ,bureau ( ,consum] ,f9ancial ,protection %all implem5t ! requirem5ts "u section #gjd;,b to ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia;c-#b7 ) respect to data provid$ "u ?is ,act relat$ to ,pay*eck ,protection ,program ,loans4 #g4 ,am5dm5t to ,p&emic ,response ,acc\ntability ,committee ,section #aejaj7;a77#f77;,a7 ( ! ,,c>es ,act 7,public ,law #aaf-acf7 is am5d$ by ins]t+ 1 )\t reg>d to ! division ( ! ,act "u :i* ! funds 7 made available aft] ?is ,act4