,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ddhi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #f1 #bjbj,mr4   
,johnson introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,small ,bus9ess & ,entrepr5eur%ip  ,a   
,,bill  ,to appropriately limit =giv5ess
 ( loans "u ! pay*eck protection program
 & to cl>ify t records 9 ! possession1  
cu/ody1 or control ( ! ,f$]al ,gov]nm5t 
relat+ to borr[]s & loans "u ! pay*eck  
protection program are subject to       
disclosure 9 accordance ) applicable    
law4  #a4 ,%ort title ,?is ,act may be  
cit$ z ! ,pay*eck ,protection ,program  
,integrity ,act ( #bjbj4  #b4 ,=giv5ess 
& disclosure  7a7 ,r$uction ( =giv5ess  
bas$ on aft]-,tax income & increases 9  
net assets  7#a7 ,9 g5]al ,section      
#aajf7;d7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4
 #ijje7;d77 is am5d$-- 7,a7 by          
r$esignat+ p>agraph 7#h7 z p>agraph     
7#aj72 &  7,b7 by ins]t+ aft] p>agraph  
7#g7 ! foll[+3  7#h7 ,r$uction relat+ to
 aft]-,tax income ,! am\nt ( loan       

=giv5ess "u ?is section %all be r$uc$ by
 ! am\nt ( aft]-tax income ( ! eligible 
recipi5t = ! fir/ taxable ye> end+ aft] 
! date ( issuance ( ! cov]$ loan1 up to 
! am\nt ( ! cov]$ loan am\nt4  7#i7     
,r$uction relat+ to increase 9 net      
assets ( nonpr(it organizations ,= an   
eligible recipi5t t is a nonpr(it       
organization1 ! am\nt ( loan =giv5ess "u
 ?is section %all be r$uc$ by ! am\nt ( 
! increase1 if any1 9 ! net assets ( !  
eligible recipi5t dur+ ! #a-ye> p]iod   
beg9n+ on ! date ( issuance ( ! cov]$   
loan1 up to ! am\nt ( ! cov]$ loan      
am\nt4  4  7#b7 ,docum5tation ,section  
#aajf7;e7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4
 #ijje7;e77 is am5d$-- 7,a7 9 p>agraph  
7#c71 by /rik+ & at ! end2  7,b7 by     
r$esignat+ p>agraph 7#d7 z p>agraph     
7#e72 &  7,c7 by ins]t+ aft] p>agraph   
7#c7 ! foll[+3  7#d7 docum5tation v]ify+
 aft]-tax income & net assets = purposes
 ( p>agraphs 7#h7 & 7#i7 ( subsection   
7d71 includ+ tax fil+s report$ to !     
,int]nal ,rev5ue ,s]vice2 &  4  7#c7    

,application ,! am5dm5ts made by        
p>agraphs 7#a7 & 7#b7 %all apply to any 
loan made "u section #g7;a77#cf7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a77#cf77 on or aft] ! date (      
enactm5t ( ?is ,act4  7b7 ,disclosure ( 
in=mation ,section #g7;a77#cf7 ( !      
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a77#cf77 is am5d$ by add+ at ! end
 ! foll[+3  7,t7 ,disclosure ( in=mation
 ,no?+ 9 ?is p>agraph %all be con/ru$ to
 limit or modify ! duty or au?ority to  
disclose a record 9 ! possession1       
cu/ody1 or control ( ! ,f$]al ,gov]nm5t 
t relates to an eligible recipi5t t     
receives a cov]$ loan or to su* cov]$   
loan 7)\t reg>d to ! am\nt ( ! cov]$    
loan1 ! numb] ( employees ( ! eligible  
recipi5t1 or o!r factors7-- 7i7 to !    
public 9 accordance ) section #eeb (    
title #e1 ,unit$ ,/ates ,code 7commonly 
kn[n z ! 8,fre$om ( ,in=mation ,act072  
7ii7 to ! ,commission] ( ,int]nal       
,rev5ue1 ! inspector g5]al ( an ag5cy1 !
 ,p&emic ,recov]y ,acc\ntability        

,committee1 a committee or memb] (      
,congress1 or ano!r (fic] or employee ( 
! ,f$]al ,gov]nm5t 9 accordance )       
applicable law2 or  7iii7 to ano!r p]son
 or entity 9 accordance ) applicable    
law4  4