,,ii ,cal5d> ,no4 #efb #aaf? ,,congress 
#b;d ,session  ,s4 #dggc  ,,9 ,,!       
,,s5ate ,,( ,,! ,,unit$ ,,/ates         
,septemb] #cj 7legislative day1         
,septemb] #bi71 #bjbj,ms4 ,coll9s 7=    
h]self & ,mr4 ,rubio7 introduc$ ! foll[+
 bill2 :i* 0 read ! fir/ "t  ,octob] #a1
 #bjbj,read ! second "t & plac$ on !    
cal5d>  ,a ,,bill  ,to e/abli% !        
,pay*eck ,protection ,program ,second   
,draw ,loan1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,cont9u+ ! ,pay*eck ,protection ,program
 ,act4  #b4 ,small bus9ess recov]y  7a7 
,def9itions ,9 ?is section3 7#a7        
,adm9i/ration2 ,adm9i/rator ,! t]ms     
,adm9i/ration & ,adm9i/rator mean !     
,small ,bus9ess ,adm9i/ration & !       
,adm9i/rator !re(1 respectively4  7#b7  
,small bus9ess conc]n ,! t]m small      
bus9ess conc]n has ! mean+ giv5 ! t]m 9 
section #c ( ! ,small ,bus9ess ,act 7#ae
 ,u4,s4,c4 #fcb74  7b7 ,em]g5cy rulemak+
 au?ority ,n lat] ?an #cj days aft] !   
date ( enactm5t ( ?is ,act1 !           

,adm9i/rator %all issue regulations to  
c>ry out ?is section & ! am5dm5ts made  
by ?is section )\t reg>d to ! notice    
requirem5ts "u section #eec7;b7 ( title 
#e1 ,unit$ ,/ates ,code4  7c7           
,additional eligible exp5ses  7#a7      
,all[able use ( ,,ppp loan ,section     
#g7;a77#cf77;,f77i7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4                     
#fcf7;a77#cf77;,f77i77 is am5d$-- 7,a7 9
 subclause 7,,vi71 by /rik+ & at ! end2 
7,b7 9 subclause 7,,vii71 by /rik+ !    
p]iod at ! end & ins]t+ a semicolon2 &  
7,c7 by add+ at ! end ! foll[+3         
7,,viii7 cov]$ op]ations exp5ditures1 z 
def9$ 9 section #aajf7;a7 ( ! ,,c>es    
,act 7#ae ,u4,s4,c4 #ijje7;a772  7,,ix7 
cov]$ prop]ty damage co/s1 z def9$ 9 su*
 section #aajf7;a72  7,x7 cov]$ suppli] 
co/s1 z def9$ 9 su* section #aajf7;a72 &
  7,,xi7 cov]$ work] protection         
exp5ditures1 z def9$ 9 su* section      
#aajf7;a74  4  7#b7 ,loan =giv5ess      
,section #aajf ( ! ,,c>es ,act 7#ae     
,u4,s4,c4 #ijje7 is am5d$-- 7,a7 9      

subsection 7a7-- 7i7 by r$esignat+      
p>agraphs 7#f71 7#g71 & 7#h7 z p>agraphs
 7#aj71 7#aa71 & 7#ab71 respectively2   
7ii7 by r$esignat+ p>agraph 7#e7 z      
p>agraph 7#h72  7iii7 by r$esignat+     
p>agraph 7#d7 z p>agraph 7#f72  7iv7 by 
r$esignat+ p>agraph 7#c7 z p>agraph     
7#d72  7v7 by ins]t+ aft] p>agraph 7#b7 
! foll[+3  7#c7 ! t]m cov]$ op]ations   
exp5diture means a paym5t = any bus9ess 
s(tw>e or cl\d comput+ s]vice t         
facilitates bus9ess op]ations1 product  
or s]vice deliv]y1 ! process+1 paym5t1  
or track+ ( payroll exp5ses1 human      
res\rces1 sales & bill+ functions1 or   
acc\nt+ or track+ ( supplies1 inv5tory1 
records & exp5ses2  2  7vi7 by ins]t+   
aft] p>agraph 7#d71 z s r$esignat$1 !   
foll[+3  7#e7 ! t]m cov]$ prop]ty damage
 co/ means a co/ relat$ to prop]ty      
damage & v&alism or loot+ due to public 
di/urbances t occurr$ dur+ #bjbj t 0 n  
cov]$ by insurance or o!r comp5sation2  
2  7vii7 by ins]t+ aft] p>agraph 7#f71 z
 s r$esignat$1 ! foll[+3  7#e7 ! t]m    

cov]$ suppli] co/ means an exp5diture   
made by an entity to a suppli] ( goods  
pursuant to a contract1 ord]1 or pur*ase
 ord] 9 effect be=e ,octob] #a1 #bjbj = 
! supply ( goods t are ess5tial to !    
op]ations ( ! entity at ! "t at :i* !   
exp5diture is made2  2  7viii7 by ins]t+
 aft] p>agraph 7#h71 z s r$esignat$1 !  
foll[+3  7#i7 ! t]m cov]$ work]         
protection exp5diture-- 7,a7 means an   
op]at+ or a capital exp5diture t is     
requir$ to facilitate ! adaptation ( !  
bus9ess activities ( an entity to comply
 ) requirem5ts e/abli%$ or guidance     
issu$ by ! ,dep>tm5t ( ,heal? & ,human  
,s]vices1 ! ,c5t]s = ,disease ,control1 
or ! ,occupational ,safety & ,heal?     
,adm9i/ration dur+ ! p]iod beg9n+ on    
,m>* #a1 #bjbj & end+ ! date on :i* !   
national em]g5cy decl>$ by ! ,presid5t  
"u ! ,national ,em]g5cies ,act 7#ej     
,u4,s4,c4 #afja et seq47 ) respect to ! 
,coronavirus ,disease #bjai             
7,,covid-#ai7 expires relat$ to !       
ma9t5ance ( /&>ds = sanitation1 social  

di/anc+1 or any o!r work] or cu/om]     
safety requirem5t relat$ to ,,covid-#ai2
  7,b7 may include-- 7i7 ! pur*ase1     
ma9t5ance1 or r5ovation ( assets t      
create or exp&-- 7,i7 a drive-?r\gh w9d[
 facility2  7,,ii7 an indoor1 outdoor1  
or comb9$ air or air pressure v5tilation
 or filtration sy/em2  7,,iii7 a        
physical b>ri] su* z a sneeze gu>d2     
7,,iv7 an indoor1 outdoor1 or comb9$    
comm]cial real prop]ty2  7,v7 an onsite 
or (fsite heal? scre5+ capability2 or   
7,,vi7 o!r assets relat+ to ! compliance
 ) ! requirem5ts or guidance describ$ 9 
subp>agraph 7,a71 z det]m9$ by !        
,adm9i/rator 9 consultation ) !         
,secret>y ( ,heal? & ,human ,s]vices & !
 ,secret>y ( ,labor2 &  7ii7 ! pur*ase  
(-- 7,i7 cov]$ mat]ials describ$ 9      
section #cbh4ajc7;a7 ( title #dd1 ,code 
( ,f$]al ,regulations1 or any successor 
regulation2  7,,ii7 p>ticulate filt]+   
facepiece respirators approv$ by !      
,national ,in/itute = ,occupational     
,safety & ,heal?1 includ+ ^? approv$    

only = em]g5cy use au?orization2 or     
7,,iii7 o!r k9ds ( p]sonal protective   
equipm5t1 z det]m9$ by ! ,adm9i/rator 9 
consultation ) ! ,secret>y ( ,heal? &   
,human ,s]vices & ! ,secret>y ( ,labor2 
&  7,c7 does n include resid5tial real  
prop]ty or intangible prop]ty2  2 &     
7ix7 9 p>agraph 7#aa71 z s r$esignat$-- 
7,i7 9 subp>agraph 7,c71 by /rik+ & at !
 end2  7,,ii7 9 subp>agraph 7,d71 by    
/rik+ & at ! end2 &  7,,iii7 by add+ at 
! end ! foll[+3  7,e7 cov]$ op]ations   
exp5ditures2  7,f7 cov]$ prop]ty damage 
co/s2  7,g7 cov]$ suppli] co/s2 &  7,h7 
cov]$ work] protection exp5ditures2 &  2
  7,b7 9 subsection 7b71 by add+ at !   
end ! foll[+3  7#e7 ,any cov]$ op]ations
 exp5diture4  7#f7 ,any cov]$ prop]ty   
damage co/4  7#g7 ,any cov]$ suppli]    
co/4  7#h7 ,any cov]$ work] protection  
exp5diture4  2  7,c7 9 subsection       
7d77#h71 by ins]t+ any paym5t on any    
cov]$ op]ations exp5diture1 any paym5t  
on any cov]$ prop]ty damage co/1 any    
paym5t on any cov]$ suppli] co/1 any    

paym5t on any cov]$ work] protection    
exp5diture1 aft] r5t obligation12 &     
7,d7 9 subsection 7e7-- 7i7 9 p>agraph  
7#b71 by ins]t+ paym5ts on cov]$        
op]ations exp5ditures1 paym5ts on cov]$ 
prop]ty damage co/s1 paym5ts on cov]$   
suppli] co/s1 paym5ts on cov]$ work]    
protection exp5ditures1 aft] lease      
obligations12 &  7ii7 9 p>agraph        
7#c77;,b71 by ins]t+ make paym5ts on    
cov]$ op]ations exp5ditures1 make       
paym5ts on cov]$ prop]ty damage co/s1   
make paym5ts on cov]$ suppli] co/s1 make
 paym5ts on cov]$ work] protection      
exp5ditures1 aft] r5t obligation14  7d7 
,l5d] safe h>bor ,subsection 7h7 (      
section #aajf ( ! ,,c>es ,act 7#ae      
,u4,s4,c4 #ijje7 is am5d$ to read z     
foll[s3  7h7 ,hold h>mless  7#a7 ,9     
g5]al ,a l5d] may rely on any           
c]tification or docum5tation submitt$ by
 an applicant = a cov]$ loan or an      
eligible recipi5t ( a cov]$ loan t--    
7,a7 is submitt$ pursuant to any        
/atutory requirem5t relat+ to cov]$     

loans or any rule or guidance issu$ to  
c>ry out any action relat+ to cov]$     
loans2 &  7,b7 atte/s t ! applicant or  
eligible recipi5t1 z applicable1 has    
accurately v]ifi$ any c]tification or   
docum5tation provid$ to ! l5d]4  7#b7   
,no en=cem5t action ,) respect to a l5d]
 t relies on a c]tification or          
docum5tation describ$ 9 p>agraph 7#a7-- 
7,a7 an en=cem5t action may n be tak5   
aga9/ ! l5d] act+ 9 good fai? relat+ to 
orig9ation or =giv5ess ( a cov]$ loan   
bas$ on su* reliance2 &  7,b7 ! l5d]    
act+ 9 good fai? %all n be subject to   
any p5alties relat+ to orig9ation or    
=giv5ess ( a cov]$ loan bas$ on su*     
reliance4  4  7e7 ,selection ( cov]$    
p]iod = =giv5ess ,section #aajf ( !     
,,c>es ,act 7#ae ,u4,s4,c4 #ijje7 is    
am5d$-- 7#a7 by am5d+ p>agraph 7#d7 (   
subsection 7a71 z s r$esignat$ by       
subsection 7c7 ( ?is section1 to read z 
foll[s3  7#d7 ! t]m cov]$ p]iod means ! 
p]iod-- 7,a7 beg9n+ on ! date ( !       
orig9ation ( a cov]$ loan2 &  7,b7 end+ 

on a date select$ by ! eligible recipi5t
 ( ! cov]$ loan t occurs dur+ ! p]iod-- 
7i7 beg9n+ on ! date t is #h weeks aft] 
su* date ( orig9ation2 &  7ii7 end+ on !
 date t is #bd weeks aft] su* date (    
orig9ation2  2 &  7#b7 by /rik+         
subsection 7l74  7f7 ,simplifi$         
application ,section #aajf ( ! ,,c>es   
,act 7#ae ,u4,s4,c4 #ijje71 z am5d$ by  
subsection 7e7 ( ?is section1 is am5d$--
 7#a7 9 subsection 7e71 9 ! matt] prec$+
 p>agraph 7#a71 by /rik+ ,an eligible & 
ins]t+ ,except z provid$ 9 subsection   
7l71 an eligible2  7#b7 9 subsection    
7f71 by ins]t+ or ! in=mation requir$ "u
 subsection 7l71 z applicable aft]      
subsection 7e72 &  7#c7 by add+ at ! end
 ! foll[+3  7l7 ,simplifi$ application  
7#a7 ,cov]$ loans "u #aej1jjj  7,a7 ,9  
g5]al ,not)/&+ subsection 7e71 ) respect
 to a cov]$ loan made to an eligible    
recipi5t t is n m ?an #aej1jjj1 ! cov]$ 
loan am\nt %all be =giv5 "u ?is section 
if ! eligible recipi5t-- 7i7 signs &    
submits to ! l5d] a "o-page onl9e or    

pap] =m1 to be e/abli%$ by !            
,adm9i/rator n lat] ?an #g days aft] !  
date ( enactm5t ( ! ,cont9u+ ! ,pay*eck 
,protection ,program ,act1 t-- 7,i7     
reports ! am\nt ( ! cov]$ loan am\nt    
sp5t by ! eligible recipi5t-- 7aa7 on   
payroll co/s2 &  7bb7 on ! sum (--      
7,,aa7 paym5ts ( int]e/ on any cov]$    
mortgage obligation 7:i* %all n include 
any prepaym5t ( or paym5t ( pr9cipal on 
a cov]$ mortgage obligation72 7,,bb7    
paym5ts on any cov]$ r5t obligation2    
7,,cc7 cov]$ utility paym5ts2 7,,dd7    
cov]$ op]ations exp5ditures2 7,,ee7     
cov]$ prop]ty damage co/s2 7,,ff7 cov]$ 
suppli] co/s2 & 7,,gg7 cov]$ work]      
protection exp5ditures2 &  7,,ii7 atte/s
 t ! eligible recipi5t made a good fai? 
ef=t to comply ) ! requirem5ts "u       
section #g7;a77#cf7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcf7;a77#cf772 &   
7ii7 reta9s records relevant to ! =m t  
prove compliance ) ^? requirem5ts-- 7,i7
 ) respect to employm5t records1 = !    
#d-ye> p]iod foll[+ submission ( ! =m2 &

  7,,ii7 ) respect to o!r records1 = !  
#c-ye> p]iod foll[+ submission ( ! =m4  
7,b7 ,demographic in=mation ,an eligible
 recipi5t ( a cov]$ loan describ$ 9     
subp>agraph 7,a7 may complete & submit  
any =m relat$ to borr[] demographic     
in=mation4  7,c7 ,audit ,! ,adm9i/rator 
may-- 7i7 review & audit cov]$ loans    
describ$ 9 subp>agraph 7,a72 &  7ii7 9 !
 case ( fraud1 ineligibility1 or o!r    
mat]ial noncompliance ) applicable loan 
or loan =giv5ess requirem5ts1 modify--  
7,i7 ! am\nt ( a cov]$ loan describ$ 9  
subp>agraph 7,a72 or  7,,ii7 ! loan     
=giv5ess am\nt ) respect to a cov]$ loan
 describ$ 9 subp>agraph 7,a74  7#b7     
,cov]$ loans betwe5 #aej1jjj &          
#b1jjj1jjj  7,a7 ,9 g5]al ,not)/&+      
subsection 7e71 ) respect to a cov]$    
loan made to an eligible recipi5t t is m
 ?an #aej1jjj & n m ?an #b1jjj1jjj-- 7i7
 ! eligible recipi5t seek+ loan =giv5ess
 "u ?is section-- 7,i7 is n requir$ to  
submit ! support+ docum5tation describ$ 
9 p>agraph 7#a7 or 7#b7 ( subsection 7e7

 or ! c]tification describ$ 9 subsection
 7e77#c77;,a72  7,,ii7 %all reta9-- 7aa7
 all employm5t records relevant to !    
application = loan =giv5ess = ! #d-ye>  
p]iod foll[+ submission ( ! application2
 &  7bb7 all o!r support+ docum5tation  
relevant to ! application = loan        
=giv5ess = ! #c-ye> p]iod foll[+        
submission ( ! application2 &  7,,iii7  
may complete & submit any =m relat$ to  
borr[] demographic in=mation2  7ii7     
review by ! l5d] ( an application       
submitt$ by ! eligible recipi5t = loan  
=giv5ess "u ?is section %all be limit$  
to :e!r ! l5d] receiv$ a complete       
application1 ) all fields complet$1     
initial$1 or sign$1 z applicable2 &     
7iii7 ! l5d] %all-- 7,i7 accept !       
application submitt$ by ! eligible      
recipi5t = loan =giv5ess "u ?is section2
 &  7,,ii7 submit ! application to !    
,adm9i/rator4  7,b7 ,audit ,!           
,adm9i/rator may-- 7i7 review & audit   
cov]$ loans describ$ 9 subp>agraph 7,a72
 &  7ii7 9 ! case ( fraud1              

ineligibility1 or o!r mat]ial           
noncompliance ) applicable loan or loan 
=giv5ess requirem5ts1 modify-- 7,i7 !   
am\nt ( a cov]$ loan describ$ 9         
subp>agraph 7,a72 or  7,,ii7 ! loan     
=giv5ess am\nt ) respect to a cov]$ loan
 describ$ 9 subp>agraph 7,a74  7#c7     
,audit plan  7,a7 ,9 g5]al ,n lat] ?an  
#cj days aft] ! date ( enactm5t ( !     
,cont9u+ ! ,pay*eck ,protection ,program
 ,act1 ! ,adm9i/rator %all submit to !  
,committee on ,small ,bus9ess &         
,entrepr5eur%ip ( ! ,s5ate & !          
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives an audit plan t       
details-- 7i7 ! policies & proc$ures ( !
 ,adm9i/rator = conduct+ reviews &      
audits ( cov]$ loans2 &  7ii7 ! metrics 
t ! ,adm9i/rator %all use to det]m9e :i*
 cov]$ loans w be audit$ = ea* category 
( cov]$ loans describ$ 9 p>agraphs 7#a7 
& 7#b74  7,b7 ,reports ,n lat] ?an #cj  
days aft] ! date on :i* ! ,adm9i/rator  
submits ! audit plan requir$ "u         
subp>agraph 7,a71 & ea* mon? !reaft]1 ! 

,adm9i/rator %all submit to ! ,committee
 on ,small ,bus9ess & ,entrepr5eur%ip ( 
! ,s5ate & ! ,committee on ,small       
,bus9ess ( ! ,h\se ( ,repres5tatives a  
report on ! review & audit activities ( 
! ,adm9i/rator "u ?is subsection1 :i*   
%all include-- 7i7 ! numb] ( active     
reviews & audits2  7ii7 ! numb] (       
reviews & audits t h be5 ongo+ = m ?an  
#fj days2 &  7iii7 any sub/antial *anges
 made to ! audit plan submitt$ "u       
subp>agraph 7,a74  4  7g7 ,gr\p         
insurance paym5ts z payroll co/s        
,section                                
#g7;a77#cf77;,a77viii77,i77aa77,,ee7 ( !
 ,small ,bus9ess ,act 7#ae ,u4,s4,c4    
#fcf7;a77#cf77;,a77viii77,i77aa77,,ee77 
is am5d$ by ins]t+ & o!r gr\p insurance 
be=e b5efits4  7h7 ,pay*eck protection  
program second draw loans ,section      
#g7;a7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcf7;a77 is am5d$ by add+ at 
! end ! foll[+3  7#cg7 ,pay*eck         
protection program second draw loans    
7,a7 ,def9itions ,9 ?is p>agraph-- 7i7 !

 t]ms community f9ancial in/itutions1   
cr$it union1 eligible self-employ$      
individual1 insur$ depository           
in/itution1 nonpr(it organization1      
payroll co/s1 seasonal employ]1 &       
vet]ans organization h ! mean+s giv5 ^? 
t]ms 9 p>agraph 7#cf71 except t eligible
 entity %all be sub/itut$ = eligible    
recipi5t ea* place x appe>s 9 !         
def9itions ( ^? t]ms2  7ii7 ! t]m cov]$ 
loan means a loan made "u ?is p>agraph2 
7iii7 ! t]ms cov]$ mortgage obligation1 
cov]$ op]at+ exp5diture1 cov]$ prop]ty  
damage co/1 cov]$ r5t obligation1 cov]$ 
suppli] co/1 cov]$ utility paym5t1 &    
cov]$ work] protection exp5diture h !   
mean+s giv5 ^? t]ms 9 section #aajf7;a7 
( ! ,,c>es ,act 7#ae ,u4,s4,c4          
#ijje7;a772  7iv7 ! t]m cov]$ p]iod     
means ! p]iod beg9n+ on ! date ( !      
orig9ation ( a cov]$ loan & end+ on     
,decemb] #ca1 #bjbj2  7v7 ! t]m eligible
 entity-- 7,i7 means any bus9ess conc]n1
 nonpr(it organization1 vet]ans         
organization1 ,tribal bus9ess conc]n1   

eligible self-employ$ individual1 sole  
proprietor1 indep5d5t contractor1 or    
small agricultural coop]ative t-- 7aa7  
7,,aa7 ) respect to a bus9ess conc]n1   
w\ld qualify z a small bus9ess conc]n by
 ! annual receipts size /&>d 7if        
applicable7 e/abli%$ by section #aba4bja
 ( title #ac1 ,code ( ,f$]al            
,regulations1 or any successor          
regulation2 or 7,,bb7 if ! entity does n
 qualify z a small bus9ess conc]n1 meets
 ! alt]native size /&>d e/abli%$ "u     
section #c7;a77#e72  7bb7 employs n m   
?an #cjj employees2 &  7cc7 7,,aa7      
except z provid$ 9 subitems 7,,bb71     
7,,cc71 & 7,,dd71 _h gross receipts dur+
 ! fir/1 second1 or ?ird qu>t] 9 #bjbj t
 demon/rate n less ?an a #ce p]c5t      
r$uction f ! gross receipts ( ! entity  
dur+ ! same qu>t] 9 #bjai2 7,,bb7 if !  
entity 0 n 9 bus9ess dur+ ! fir/ or     
second qu>t] ( #bjai1 b 0 9 bus9ess dur+
 ! ?ird & f\r? qu>t] ( #bjai1 _h gross  
receipts dur+ ! fir/1 second1 or ?ird   
qu>t] ( #bjbj t demon/rate n less ?an a 

#ce p]c5t r$uction f ! gross receipts ( 
! entity dur+ ! ?ird or f\r? qu>t] (    
#bjai2 7,,cc7 if ! entity 0 n 9 bus9ess 
dur+ ! fir/1 second1 or ?ird qu>t] (    
#bjai1 b 0 9 bus9ess dur+ ! f\r? qu>t] (
 #bjai1 _h gross receipts dur+ ! fir/1  
second1 or ?ird qu>t] ( #bjbj t         
demon/rate n less ?an a #ce p]c5t       
r$uction f ! gross receipts ( ! entity  
dur+ ! f\r? qu>t] ( #bjai2 or 7,,dd7 if 
! entity 0 n 9 bus9ess dur+ #bjai1 b 0 9
 op]ation on ,febru>y #ae1 #bjbj1 _h    
gross receipts dur+ ! second or ?ird    
qu>t] ( #bjbj t demon/rate n less ?an a 
#ce p]c5t r$uction f ! gross receipts ( 
! entity dur+ ! fir/ qu>t] ( #bjbj2     
7,,ii7 includes an organization describ$
 9 subp>agraph 7,d77vii7 ( p>agraph     
7#cf7 t is eligible to receive a loan "u
 t p>agraph & t meets ! requirem5ts     
describ$ 9 items 7aa7 & 7cc7 ( subclause
 7,i72 &  7,,iii7 does n include-- 7aa7 
an issu]1 ! securities ( :i* are li/$ on
 an ex*ange regi/]$ a national          
securities ex*ange "u section #f ( !    

,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;f72  7bb7 any entity t--  
7,,aa7 is a type ( bus9ess conc]n       
describ$ 9 subsection 7b71 7c71 7d71    
7e71 7f71 7h71 7l7 7m71 7p71 7q71 7r71  
or 7s7 ( section #abj4aaj ( title #ac1  
,code ( ,f$]al ,regulations1 or any     
successor regulation2 7,,bb7 is a type (
 bus9ess conc]n describ$ 9 section      
#abj4aaj7;g7 ( title #ac1 ,code ( ,f$]al
 ,regulations1 or any successor         
regulation1 except z o!rwise provid$ 9 !
 int]im f9al rule ( ! ,adm9i/ration     
entitl$ ,bus9ess ,loan ,program         
,tempor>y ,*anges2 ,pay*eck ,protection 
,program--,additional ,eligibility      
,crit]ia & ,requirem5ts = ,c]ta9 ,pl$ges
 ( ,loans 7#he ,f$4 ,reg4 #bagdg 7,april
 #bj1 #bjbj772 7,,cc7 is a type (       
bus9ess conc]n describ$ 9 section       
#abj4aaj7;i7 ( title #ac1 ,code ( ,f$]al
 ,regulations1 or any successor         
regulation1 except if ! bus9ess conc]n  
is an organization describ$ 9 p>agraph  
7#cf77;,d77vii72 7,,dd7 is a type (     

bus9ess conc]n describ$ 9 section       
#abj4aaj7;j7 ( title #ac1 ,code ( ,f$]al
 ,regulations1 or any successor         
regulation1 except z o!rwise provid$ 9 !
 int]im f9al rules ( ! ,adm9i/ration    
entitl$ ,bus9ess ,loan ,program         
,tempor>y ,*anges2 ,pay*eck ,protection 
,program--,eligibility ( ,c]ta9         
,electric ,coop]atives 7#he ,f$4 ,reg4  
#bihdg 7,may #ai1 #bjbj77 & ,bus9ess    
,loan ,program ,tempor>y ,*anges2       
,pay*eck ,protection                    
,program--,eligibility ( ,c]ta9         
,telephone ,coop]atives 7#he ,f$4 ,reg4 
#ceeej 7,june #aa1 #bjbj77 or any o!r   
guidance or rule issu$ or t may be issu$
 by ! ,adm9i/rator2 7,,ee7 is a type (  
bus9ess conc]n describ$ 9 section       
#abj4aaj7n7 ( title #ac1 ,code ( ,f$]al 
,regulations1 or any successor          
regulation1 except z o!rwise provid$ 9 !
 int]im f9al rule ( ! ,adm9i/ration     
entitl$ ,bus9ess ,loan ,program         
,tempor>y ,*anges2 ,pay*eck ,protection 
,program--,additional ,eligibility      

,revisions to ,fir/ ,int]im ,f9al ,rule 
7#he ,f$4 ,reg4 #chcja 7,june #bf1      
#bjbj77 or any o!r guidance or rule     
issu$ or t may be issu$ by !            
,adm9i/rator2 7,,ff7 is a type ( bus9ess
 conc]n describ$ 9 section #abj4aaj7o7 (
 title #ac1 ,code ( ,f$]al ,regulations1
 or any successor regulation1 except z  
o!rwise provid$ 9 any guidance or rule  
issu$ or t may be issu$ by !            
,adm9i/rator2 or 7,,gg7 is an entity t  
w\ld be describ$ 9 ! subsections li/$ 9 
subitems 7,,aa7 ?r\gh 7,,ff7 if ! entity
 7 a bus9ess conc]n2 or 7,,hh7 is       
assign$1 or 0 approv$ = a loan "u       
p>agraph 7#cf7 )1 a ,nor? ,am]ican      
,indu/ry ,classification ,sy/em code    
beg9n+ ) #eb2  7cc7 any bus9ess conc]n  
or entity prim>ily engag$ 9 political or
 lobby+ activities1 :i* %all include any
 entity t is organiz$ = rese>* or =     
engag+ 9 advocacy 9 areas su* z public  
policy or political /rategy or o!rwise  
describes itself z a ?9k tank 9 any     
public docum5ts2  7dd7 any bus9ess      

conc]n or entity-- 7,,aa7 = :i* an      
entity creat$ 9 or organiz$ "u ! laws ( 
! ,p's ,republic ( ,*9a or ! ,special   
,adm9i/rative ,region ( ,hong ,kong1 or 
t has significant op]ations 9 ! ,p's    
,republic ( ,*9a or ! ,special          
,adm9i/rative ,region ( ,hong ,kong1    
owns or holds1 directly or indirectly1 n
 less ?an #bj p]c5t ( ! economic int]e/ 
( ! bus9ess conc]n or entity1 includ+ z 
equity %>es or a capital or pr(it int]e/
 9 a limit$ liability company or        
p>tn]%ip2 or 7,,bb7 t reta9s1 z a memb] 
( ! bo>d ( directors ( ! bus9ess conc]n1
 a p]son :o is a resid5t ( ! ,p's       
,republic ( ,*9a2 or  7ee7 any p]son    
requir$ to submit a regi/ration /atem5t 
"u section #b ( ! ,=eign ,ag5ts         
,regi/ration ,act ( #aich 7#bb ,u4,s4,c4
 #fab72  7vi7 ! t]ms ex*ange1 issu]1 &  
security h ! mean+s giv5 ^? t]ms 9      
section #c7;a7 ( ! ,securities ,ex*ange 
,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a772 &
  7vii7 ! t]m ,tribal bus9ess conc]n    
means a ,tribal bus9ess conc]n describ$ 

9 section #ca7;b77#b77;,c74  7,b7 ,loans
 ,except z o!rwise provid$ 9 ?is        
p>agraph1 ! ,adm9i/rator may gu>antee   
cov]$ loans to eligible entities "u !   
same t]ms1 conditions1 & processes z a  
loan made "u p>agraph 7#cf74  7,c7      
,maximum loan am\nt  7i7 ,9 g5]al       
,except z o!rwise provid$ 9 ?is         
subp>agraph1 ! maximum am\nt ( a cov]$  
loan made to an eligible entity is !    
less] (-- 7,i7 ! product obta9$ by      
multiply+-- 7aa7 at ! election ( !      
eligible entity1 ! av]age total mon?ly  
paym5t = payroll co/s incurr$ or paid by
 ! eligible entity dur+-- 7,,aa7 !      
#a-ye> p]iod be=e ! date on :i* ! loan  
is made2 or 7,,bb7 cal5d> ye> #bjai2 by 
7bb7 #b4e2 or  7,,ii7 #b1jjj1jjj4  7ii7 
,seasonal employ]s ,! maximum am\nt ( a 
cov]$ loan made to an eligible entity t 
is a seasonal employ] is ! less] (--    
7,i7 ! product obta9$ by multiply+--    
7aa7 at ! election ( ! eligible entity1 
! av]age total mon?ly paym5ts = payroll 
co/s incurr$ or paid by ! eligible      

entity-- 7,,aa7 = a #ab-week p]iod      
beg9n+ ,febru>y #ae1 #bjai or ,m>* #a1  
#bjai & end+ ,june #cj1 #bjai2 or 7,,bb7
 = a consecutive #ab-week p]iod betwe5  
,may #a1 #bjai & ,septemb] #ae1 #bjai2  
by  7bb7 #b4e2 or  7,,ii7 #b1jjj1jjj4   
7iii7 ,new entities ,! maximum am\nt ( a
 cov]$ loan made to an eligible entity t
 did n exi/ dur+ ! #a-ye> p]iod prec$+  
,febru>y #ae1 #bjbj is ! less] (-- 7,i7 
! product obta9$ by multiply+-- 7aa7 !  
quoti5t obta9$ by divid+-- 7,,aa7 ! sum 
( ! total mon?ly paym5ts by ! eligible  
entity = payroll co/s paid or incurr$ by
 ! eligible entity z ( ! date on :i* !  
eligible entity applies = ! cov]$ loan2 
by 7,,bb7 ! numb] ( mon?s 9 :i* ^?      
payroll co/s 7 paid or incurr$2 by  7bb7
 #b4e2 or  7,,ii7 #b1jjj1jjj4  7iv7     
,limit = multiple locations ,) respect  
to an eligible entity ) m ?an #a        
physical location1 ! total am\nt ( all  
cov]$ loans %all be n m ?an #b1jjj1jjj4 
7v7 ,loan numb] limitation ,an eligible 
entity may only receive #a cov]$ loan4  

7vi7 #ij day rule = maximum loan am\nt  
,! maximum aggregate loan am\nt ( loans 
gu>ante$ "u ?is subsection t are approv$
 = an eligible entity 7includ+ any      
affiliates7 )9 #ij days ( approval (    
ano!r loan "u ?is subsection = !        
eligible entity 7includ+ any affiliates7
 %all n exce$ #aj1jjj1jjj4  7,d7        
,exception f c]ta9 c]tification         
requirem5ts ,an eligible entity apply+ =
 a cov]$ loan %all n be requir$ to make 
! c]tification describ$ 9 subclause     
7,,iii7 or 7,,iv7 ( p>agraph            
7#cf77;,g77i74  7,e7 ,fee waiv] ,)      
respect to a cov]$ loan-- 7i7 9 lieu ( !
 fee o!rwise applicable "u p>agraph     
7#bc77;,a71 ! ,adm9i/rator %all collect 
no fee2 &  7ii7 9 lieu ( ! fee o!rwise  
applicable "u p>agraph 7#ah77;,a71 !    
,adm9i/rator %all collect no fee4  7,f7 
,eligible *ur*es & religi\s             
organizations  7i7 ,s5se ( congress ,x  
is ! s5se ( ,congress t ! int]im f9al   
rule ( ! ,adm9i/ration entitl$ ,bus9ess 
,loan ,program ,tempor>y ,*anges2       

,pay*eck ,protection ,program 7#he ,f$4 
,reg4 #bjhag 7,april #ae1 #bjbj77       
prop]ly cl>ifi$ ! eligibility ( *ur*es &
 religi\s organizations = loans made "u 
p>agraph 7#cf74  7ii7 ,applicability (  
prohibition ,! prohibition on           
eligibility e/abli%$ by section         
#abj4aaj7k7 ( title #ac1 ,code ( ,f$]al 
,regulations1 or any successor          
regulation1 %all n apply to a cov]$     
loan4  7,g7 ,gross receipts = nonpr(it &
 vet]ans organizations ,= purposes (    
calculat+ gross receipts "u subp>agraph 
7,a77v77,i77cc7 = an eligible entity t  
is a nonpr(it organization1 a vet]ans   
organization1 or an organization        
describ$ 9 subp>agraph 7,a77v77,,ii71   
gross receipts-- 7i7 %all include       
proce$s f program s]vices1 fundrais+    
ev5ts1 f$]at$ campaigns1 gifts1         
donor-advis$ funds1 & funds f simil>    
s\rces2 &  7ii7 %all n include-- 7,i7   
,f$]al grants 7exclud+ any loan =giv5ess
 on loans receiv$ "u p>agraph 7#cf7 or  
?is p>agraph72  7,,ii7 rev5ues f a      

support+ organization2  7,,iii7 grants f
 private f\ndations t are disburs$ ov] !
 c\rse ( m ?an #a cal5d> ye>2  7,,iv7   
any contribution ( prop]ty o!r ?an      
money1 /ocks1 bonds1 & o!r securities1  
provid$ t ! non-ca% contribution is n   
sold by ! organization 9 a transaction  
unrelat$ to ! tax-exempt purpose ( !    
organization2 or  7,v7 any loan proce$s 
f a loan made "u p>agraph 7#cf74  7,h7  
,loan =giv5ess  7i7 ,9 g5]al ,except z  
o!rwise provid$ 9 ?is subp>agraph1 an   
eligible entity %all be eligible =      
=giv5ess ( indebt$ness on a cov]$ loan 9
 ! same mann] z an eligible recipi5t )  
respect to a loan made "u p>agraph      
7#cf71 z describ$ 9 section #aajf ( !   
,,c>es ,act 7#ae ,u4,s4,c4 #ijje74  7ii7
 ,=giv5ess am\nt ,an eligible entity    
%all be eligible = =giv5ess (           
indebt$ness on a cov]$ loan 9 an am\nt  
equal to ! sum ( ! foll[+ co/s incurr$  
or exp5ditures made dur+ ! cov]$ p]iod3 
7,i7 ,payroll co/s4  7,,ii7 ,any paym5t 
( int]e/ on any cov]$ mortgage          

obligation 7:i* %all n include any      
prepaym5t ( or paym5t ( pr9cipal on a   
cov]$ mortgage obligation74  7,,iii7    
,any cov]$ op]ations exp5diture4  7,,iv7
 ,any cov]$ prop]ty damage co/4  7,v7   
,any paym5t on any cov]$ r5t obligation4
  7,,vi7 ,any cov]$ utility paym5t4     
7,,vii7 ,any cov]$ suppli] co/4         
7,,viii7 ,any cov]$ work] protection    
exp5diture4  7iii7 ,limitation on       
=giv5ess = all eligible entities ,!     
=giv5ess am\nt "u ?is subp>agraph %all  
be equal to ! less] (-- 7,i7 ! am\nt    
describ$ 9 clause 7ii72 &  7,,ii7 !     
am\nt equal to ! quoti5t obta9$ by      
divid+-- 7aa7 ! am\nt ( ! cov]$ loan us$
 = payroll co/s dur+ ! cov]$ p]iod2 &   
7bb7 #j4fj4  7,i7 ,l5d] eligibility     
,except z o!rwise provid$ 9 ?is         
p>agraph1 a l5d] approv$ to make loans  
"u p>agraph 7#cf7 may make cov]$ loans  
"u ! same t]ms & conditions z 9 p>agraph
 7#cf74  7,j7 ,reimbursem5t = loan      
process+ & s]vic+ ,! ,adm9i/rator %all  
reimburse a l5d] au?oriz$ to make a     

cov]$ loan 9 an am\nt t is-- 7i7 #c     
p]c5t ( ! pr9cipal am\nt ( ! f9anc+ ( ! 
cov]$ loan up to #cej1jjj2 &  7ii7 #a   
p]c5t ( ! pr9cipal am\nt ( ! f9anc+ ( ! 
cov]$ loan above #cej1jjj1 if           
applicable4  7,k7 ,set aside = small    
entities ,n less ?an #be1jjj1jjj1jjj ( !
 total am\nt ( cov]$ loans gu>ante$ by !
 ,adm9i/rator %all be made to eligible  
entities ) n m ?an #aj employees z (    
,febru>y #ae1 #bjbj4  7,l7 ,set aside = 
community f9ancial in/itutions1 small   
insur$ depository in/itutions1 cr$it    
unions1 & f>m cr$it sy/em in/itutions ,n
 less ?an #aj1jjj1jjj1jjj ( ! total     
am\nt ( cov]$ loans gu>ante$ by !       
,adm9i/rator %all be made by-- 7i7      
community f9ancial in/itutions2  7ii7   
insur$ depository in/itutions )         
consolidat$ assets ( less ?an           
#aj1jjj1jjj1jjj2  7iii7 cr$it unions )  
consolidat$ assets ( less ?an           
#aj1jjj1jjj1jjj2 &  7iv7 in/itutions ( !
 ,f>m ,cr$it ,sy/em *>t]$ "u ! ,f>m     
,cr$it ,act ( #aiga 7#ab ,u4,s4,c4 #bjja

 et seq47 ) consolidat$ assets ( less   
?an #aj1jjj1jjj1jjj 7n includ+ ! ,f$]al 
,agricultural ,mortgage ,corporation74  
7,m7 ,publication ( guidance ,n lat] ?an
 #aj days aft] ! date ( enactm5t ( ?is  
p>agraph1 ! ,adm9i/rator %all issue     
guidance address+ b>ri]s to access+     
capital = m9ority1 und]s]v$1 vet]an1 &  
wom5-own$ bus9ess conc]ns = ! purpose ( 
ensur+ equitable access to cov]$ loans4 
7,n7 ,/&>d op]at+ proc$ure ,!           
,adm9i/rator %all1 to ! maximum ext5t   
practicable1 all[ a l5d] approv$ to make
 cov]$ loans to use exi/+ program       
guidance & /&>d op]at+ proc$ures = loans
 made "u ?is subsection4  7,o7          
,prohibition on use ( proce$s = lobby+  
activities ,none ( ! proce$s ( a cov]$  
loan may be us$ =-- 7i7 lobby+          
activities1 z def9$ 9 section #c ( !    
,lobby+ ,disclosure ,act ( #aiie 7#b    
,u4,s4,c4 #afjb72  7ii7 lobby+          
exp5ditures relat$ to a ,/ate or local  
election2 or  7iii7 exp5ditures design$ 
to influ5ce ! enactm5t ( legislation1   

appropriations1 regulation1 adm9i/rative
 action1 or ,executive ord] propos$ or  
p5d+ be=e ,congress or any ,/ate        
gov]nm5t1 ,/ate legislature1 or local   
legislature or legislative body4  4  7i7
 ,cont9u$ access to ! pay*eck protection
 program  7#a7 ,9 g5]al ,section        
#g7;a77#cf77;,e77ii7 ( ! ,small ,bus9ess
 ,act 7#ae ,u4,s4,c4                    
#fcf7;a77#cf77;,e77ii77 is am5d$ by     
/rik+ #aj1jjj1jjj & ins]t+ #b1jjj1jjj4  
7#b7 ,applicability ( maximum loan am\nt
 calculation  7,a7 ,def9itions ,9 ?is   
p>agraph1 ! t]ms cov]$ loan & eligible  
recipi5t h ! mean+s giv5 ^? t]ms 9      
section #g7;a77#cf7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcf7;a77#cf774     
7,b7 ,applicability ,! am5dm5t made by  
p>agraph 7#a7 %all apply only ) respect 
to a cov]$ loan appli$ = by an eligible 
recipi5t on or aft] ! date ( enactm5t ( 
?is ,act4  7j7 ,increas$ ability =      
pay*eck protection program borr[]s to   
reque/ an increase 9 loan am\nt due to  
updat$ regulations  7#a7 ,def9itions ,9 

?is subsection1 ! t]ms cov]$ loan &     
eligible recipi5t h ! mean+s giv5 ^?    
t]ms 9 section #g7;a77#cf7 ( ! ,small   
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf774  7#b7 ,increas$ am\nt   
,not)/&+ ! int]im f9al rule issu$ by !  
,adm9i/ration entitl$ ,bus9ess ,loan    
,program ,tempor>y ,*anges2 ,pay*eck    
,protection ,program--,loan ,increases  
7#he ,f$4 ,reg4 #bihdb 7,may #ai1       
#bjbj771 an eligible recipi5t ( a cov]$ 
loan t is eligible = an increas$ cov]$  
loan am\nt z a result ( any int]im f9al 
rule t all[s = cov]$ loan increases may 
submit a reque/ = an increase 9 ! cov]$ 
loan am\nt ev5 if-- 7,a7 ! initial cov]$
 loan am\nt has be5 fully disburs$2 or  
7,b7 ! l5d] ( ! initial cov]$ loan has  
submitt$ to ! ,adm9i/ration a ,=m #aejb 
report relat$ to ! cov]$ loan4  7k7     
,calculation ( maximum loan am\nt =     
f>m]s & ran*]s "u ! pay*eck protection  
program  7#a7 ,9 g5]al ,section         
#g7;a77#cf7 ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fcf7;a77#cf771 z am5d$  

by subsection 7i7 ( ?is section1 is     
am5d$-- 7,a7 9 subp>agraph 7,e71 9 !    
matt] prec$+ clause 7i71 by /rik+ ,dur+ 
& ins]t+ ,except z provid$ 9 subp>agraph
 7,t71 dur+2 &  7,b7 by add+ at ! end ! 
foll[+3  7,t7 ,calculation ( maximum    
loan am\nt = f>m]s & ran*]s  7i7        
,def9ition ,9 ?is subp>agraph1 ! t]m    
cov]$ recipi5t means an eligible        
recipi5t t-- 7,i7 op]ates z a sole      
proprietor%ip or z an indep5d5t         
contractor1 or is an eligible           
self-employ$ individual2  7,,ii7 reports
 f>m income or exp5ses on a ,s*$ule ,f  
7or any equival5t successor s*$ule72 &  
7,,iii7 0 9 bus9ess dur+ ! p]iod beg9n+ 
on ,febru>y #ae1 #bjai & end+ on ,june  
#cj1 #bjai4  7ii7 ,no employees ,)      
respect to cov]$ recipi5t )\t employees1
 ! maximum cov]$ loan am\nt %all be !   
less] (-- 7,i7 ! sum (-- 7aa7 ! product 
obta9$ by multiply+-- 7,,aa7 ! gross    
income ( ! cov]$ recipi5t 9 #bjai1 z    
report$ on a ,s*$ule ,f 7or any         
equival5t successor s*$ule71 t is n m   

?an #ajj1jjj1 divid$ by #ab2 & 7,,bb7   
#b4e2 &  7bb7 ! out/&+ am\nt ( a loan "u
 subsection 7b77#b7 t 0 made dur+ !     
p]iod beg9n+ on ,janu>y #ca1 #bjbj &    
end+ on ,april #c1 #bjbj t ! borr[]     
int5ds to ref9ance "u ! cov]$ loan1 n   
includ+ any am\nt ( any advance "u !    
loan t is n requir$ to be repaid2 or    
7,,ii7 #b1jjj1jjj4  7iii7 ,) employees  
,) respect to a cov]$ recipi5t )        
employees1 ! maximum cov]$ loan am\nt   
%all be calculat$ us+ ! =mula describ$ 9
 subp>agraph 7,e71 except t ! gross     
income ( ! cov]$ recipi5t describ$ 9    
clause 7ii77,i77aa77,,aa7 ( ?is         
subp>agraph1 z divid$ by #ab1 %all be   
add$ to ! sum calculat$ "u subp>agraph  
7,e77i77,i74  7iv7 ,recalculation ,a    
l5d] t made a cov]$ loan to a cov]$     
recipi5t be=e ! date ( enactm5t ( ?is   
subp>agraph may1 at ! reque/ ( ! cov]$  
recipi5t-- 7,i7 recalculate ! maximum   
loan am\nt applicable to t cov]$ loan   
bas$ on ! =mula describ$ 9 clause 7ii7  
or 7iii71 z applicable1 if do+ s w\ld   

result 9 a l>g] cov]$ loan am\nt2 &     
7,,ii7 provide ! cov]$ recipi5t )       
additional cov]$ loan am\nts bas$ on t  
recalculation4  4  7l7 ,f>m ,cr$it      
,sy/em in/itutions  7#a7 ,def9ition (   
,f>m ,cr$it ,sy/em in/itution ,9 ?is    
subsection1 ! t]m ,f>m ,cr$it ,sy/em    
in/itution-- 7,a7 means an in/itution ( 
! ,f>m ,cr$it ,sy/em *>t]$ "u ! ,f>m    
,cr$it ,act ( #aiga 7#ab ,u4,s4,c4 #bjja
 et seq472 &  7,b7 does n include !     
,f$]al ,agricultural ,mortgage          
,corporation4  7#b7 ,facilitation (     
p>ticipation 9 ,,ppp & second draw loans
  7,a7 ,applicable rules ,solely )      
respect to loans "u p>agraphs 7#cf7 &   
7#cg7 ( section #g7;a7 ( ! ,small       
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a771 
,f>m ,cr$it ,adm9i/ration regulations & 
guidance issu$ z ( ,july #ad1 #bjbj1 &  
compliance ) su* regulations & guidance1
 %all be deem$ functionally equival5t to
 requirem5ts ref]5c$ 9 section          
#c7;a77iii77,,ii7 ( ! int]im f9al rule (
 ! ,adm9i/ration entitl$ ,bus9ess ,loan 

,program ,tempor>y ,*anges2 ,pay*eck    
,protection ,program 7#he ,f$4 ,reg4    
#bjhaa 7,april #ae1 #bjbj77 or any      
simil> requirem5t ref]5c$ 9 t int]im    
f9al rule 9 implem5t+ su* p>agraph      
7#cg74  7,b7 ,applicability ( c]ta9 loan
 requirem5ts ,= purposes ( mak+ loans "u
 p>agraph 7#cf7 or 7#cg7 ( section      
#g7;a7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcf7;a77 or =giv+ ^? loans 9 
accordance ) section #aajf ( ! ,,c>es   
,act 7#ae ,u4,s4,c4 #ijje7 & subp>agraph
 7,h7 ( su* p>agraph 7#cg71 sections    
#d4ac1 #d4ad1 & #d4ad;,a ( ! ,f>m ,cr$it
 ,act ( #aiga 7#ab ,u4,s4,c4 #baii1     
#bbjb1 #bbjb;a7 7includ+ regulations    
issu$ "u ^? sections7 %all n apply4     
7,c7 ,risk weight  7i7 ,9 g5]al ,)      
respect to ! application ( ,f>m ,cr$it  
,adm9i/ration capital requirem5ts1 a    
loan describ$ 9 clause 7ii7-- 7,i7 %all 
receive a risk weight ( z]o p]c5t2 &    
7,,ii7 %all n be includ$ 9 ! calculation
 ( any applicable lev]age ratio or o!r  
applicable capital ratio or calculation4

  7ii7 ,loans describ$ ,a loan ref]r$ to
 9 clause 7i7 is-- 7,i7 a loan made by a
 ,f>m ,cr$it ,bank describ$ 9 section   
#a4b7;a7 ( ! ,f>m ,cr$it ,act ( #aiga   
7#ab ,u4,s4,c4 #bjjb7;a77 to a ,f$]al   
,l& ,bank ,association1 a ,production   
,cr$it ,association1 or an agricultural 
cr$it association describ$ 9 t section  
to make loans "u p>agraph 7#cf7 or 7#cg7
 ( section #g7;a7 ( ! ,small ,bus9ess   
,act 7#ae ,u4,s4,c4 #fcf7;a77 or =give  
^? loans 9 accordance ) section #aajf ( 
! ,,c>es ,act 7#ae ,u4,s4,c4 #ijje7 &   
subp>agraph 7,h7 ( su* p>agraph 7#cg72  
or  7,,ii7 a loan made by a ,f$]al ,l&  
,bank ,association1 a ,production ,cr$it
 ,association1 an agricultural cr$it    
association1 or ! bank = coop]atives    
describ$ 9 section #a4b7;a7 ( ! ,f>m    
,cr$it ,act ( #aiga 7#ab ,u4,s4,c4      
#bjjb7;a77 "u p>agraph 7#cf7 or 7#cg7 ( 
section #g7;a7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7;a774  7,d7         
,res]vation ( loan gu>antees ,section   
#g7;a77#cf77,s7 ( ! ,small ,bus9ess ,act

 7#ae ,u4,s4,c4 #fcf7;a77#cf77,s77 is   
am5d$-- 7i7 9 clause 7i7-- 7,i7 9       
subclause 7,i71 by /rik+ & at ! end2    
7,,ii7 9 subclause 7,,ii71 by /rik+ !   
p]iod at ! end & ins]t+ 2 &2 &  7,,iii7 
by add+ at ! end ! foll[+3  7,,iii7     
in/itutions ( ! ,f>m ,cr$it ,sy/em *>t]$
 "u ! ,f>m ,cr$it ,act ( #aiga 7#ab     
,u4,s4,c4 #bjja et seq47 ) consolidat$  
assets ( n less ?an #aj1jjj1jjj1jjj &   
less ?an #ej1jjj1jjj1jjj4  2 &  7ii7 9  
clause 7ii7-- 7,i7 9 subclause 7,,ii71  
by /rik+ & at ! end2  7,,ii7 9 subclause
 7,,iii71 by /rik+ ! p]iod at ! end &   
ins]t+ 2 &2 &  7,,iii7 by add+ at ! end 
! foll[+3  7,,iv7 in/itutions ( ! ,f>m  
,cr$it ,sy/em *>t]$ "u ! ,f>m ,cr$it    
,act ( #aiga 7#ab ,u4,s4,c4 #bjja et    
seq47 ) consolidat$ assets ( less ?an   
#aj1jjj1jjj1jjj4  4  7m7 ,def9ition (   
seasonal employ]  7#a7 ,,ppp loans      
,section #g7;a77#cf77;,a7 ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77;,a77 is am5d$-- 7,a7 9   
clause 7xi71 by /rik+ & at ! end2  7,b7 

9 clause 7xii71 by /rik+ ! p]iod at !   
end & ins]t+ 2 &2 &  7,c7 by add+ at !  
end ! foll[+3  7xiii7 ! t]m seasonal    
employ] means an eligible recipi5t t--  
7,i7 does n op]ate = m ?an #g mon?s 9   
any cal5d> ye>2 or  7,,ii7 dur+ ! prec$+
 cal5d> ye>1 _h gross receipts = any #f 
mon?s ( t ye> t 7 n m ?an #cc4cc p]c5t (
 ! gross receipts ( ! employ] = ! o!r #f
 mon?s ( t ye>4  4  7#b7 ,loan =giv5ess 
,p>agraph 7#ab7 ( section #aajf7;a7 ( ! 
,,c>es ,act 7#ae ,u4,s4,c4 #ijje7;a771 z
 s r$esignat$ by subsection 7c77#b7 (   
?is section1 is am5d$ to read z foll[s3 
7#ab7 ! t]ms payroll co/s & seasonal    
employ] h ! mean+s giv5 ^? t]ms 9       
section #g7;a77#cf7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcf7;a77#cf774  4  
7n7 ,eligibility ( #eja7;c77#f7         
organizations = loans "u ! pay*eck      
protection program ,section             
#g7;a77#cf77;,d7 ( ! ,small ,bus9ess    
,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77;,d77 
is am5d$-- 7#a7 9 clause 7v71 by ins]t+ 
or :e!r an organization describ$ 9      

clause 7vii7 employs n m ?an #aej       
employees1 aft] clause 7i77,i712  7#b7 9
 clause 7vi71 by ins]t+ 1 an            
organization describ$ 9 clause 7vii71   
aft] nonpr(it organization2 &  7#c7 by  
add+ at ! end ! foll[+3  7vii7          
,eligibility = c]ta9 #eja7;c77#f7       
organizations  7,i7 ,9 g5]al ,except z  
provid$ 9 subclause 7,,ii71 any         
organization t is describ$ 9 section    
#eja7;c77#f7 ( ! ,int]nal ,rev5ue ,code 
& t is exempt f taxation "u section     
#eja7;a7 ( su* ,code 7exclud+           
pr(essional sports leagues &            
organizations ) ! purpose ( promot+ or  
p>ticipat+ 9 a political campaign or o!r
 activity7 %all be eligible to receive a
 cov]$ loan if-- 7aa7 ! organization    
does n receive m ?an #aj p]c5t ( its    
receipts f lobby+ activities2  7bb7 !   
lobby+ activities ( ! organization d n  
comprise m ?an #aj p]c5t ( ! total      
activities ( ! organization2 &  7cc7 !  
organization employs n m ?an #aej       
employees4  7,,ii7 ,de/9ation m>ket+    

organizations ,not)/&+ subclause 7,i71  
dur+ ! cov]$ p]iod1 any de/9ation m>ket+
 organization %all be eligible to       
receive a cov]$ loan if-- 7aa7 !        
de/9ation m>ket+ organization does n    
receive m ?an #aj p]c5t ( its receipts f
 lobby+ activities2  7bb7 ! lobby+      
activities ( ! de/9ation m>ket+         
organization d n comprise m ?an #aj     
p]c5t ( ! total activities ( !          
organization2  7cc7 ! de/9ation m>ket+  
organization employs n m ?an #aej       
employees2 &  7dd7 ! de/9ation m>ket+   
organization-- 7,,aa7 is describ$ 9     
section #eja7;c7 ( ! ,int]nal ,rev5ue   
,code & is exempt f taxation "u section 
#eja7;a7 ( su* ,code2 or 7,,bb7 is a    
quasi-gov]nm5tal entity or is a         
political subdivision ( a ,/ate or local
 gov]nm5t1 includ+ any in/rum5tality (  
^? entities4  4  7o7 ,prohibition on use
 ( loan proce$s = lobby+ activities     
,section #g7;a77#cf77;,f7 ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77;,f77 is am5d$ by add+ at 

! end ! foll[+3  7vi7 ,prohibition ,none
 ( ! proce$s ( a cov]$ loan may be us$  
=-- 7,i7 lobby+ activities1 z def9$ 9   
section #c ( ! ,lobby+ ,disclosure ,act 
( #aiie 7#b ,u4,s4,c4 #afjb72  7,,ii7   
lobby+ exp5ditures relat$ to a ,/ate or 
local election2 or  7,,iii7 exp5ditures 
design$ to influ5ce ! enactm5t (        
legislation1 appropriations1 regulation1
 adm9i/rative action1 or ,executive ord]
 propos$ or p5d+ be=e ,congress or any  
,/ate gov]nm5t1 ,/ate legislature1 or   
local legislature or legislative body4  
4  7p7 ,effective date2 applicability ,!
 am5dm5ts made to p>agraph 7#cf7 (      
section #g7;a7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7;a77 & title ,i ( ! 
,,c>es ,act 7,public ,law #aaf-acf7 "u  
?is section %all be effective z if      
includ$ 9 ! ,,c>es ,act & %all apply to 
any loan made pursuant to section       
#g7;a77#cf7 ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fcf7;a77#cf774  7q7     
,bankruptcy provisions  7#a7 ,9 g5]al   
,section #cfd ( title #aa1 ,unit$ ,/ates

 ,code1 is am5d$ by add+ at ! end !     
foll[+3  7g7 7#a7 ,! c\rt1 aft] notice &
 a he>+1 may au?orize a debtor 9        
possession or a tru/ee t is au?oriz$ to 
op]ate ! bus9ess ( ! debtor "u section  
#aahc1 #aahd1 #abjc1 #abjd1 or #acjd (  
?is title to obta9 a loan "u p>agraph   
7#cf7 or 7#cg7 ( section #g7;a7 ( !     
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a771 & su* loan %all be treat$ z a
 debt to ! ext5t ! loan is n =giv5 9    
accordance ) section #aajf ( ! ,,c>es   
,act 7#ae ,u4,s4,c4 #ijje7 or           
subp>agraph 7,h7 ( su* p>agraph 7#cg71 z
 applicable1 ) priority equal to a claim
 ( ! k9d specifi$ 9 subsection 7c77#a7 (
 ?is section4  7#b7 ,! tru/ee may incur 
debt describ$ 9 p>agraph 7#a7 not)/&+   
any provision 9 a contract1 prior ord]  
au?oriz+ ! tru/ee to incur debt "u ?is  
section1 prior ord] au?oriz+ ! tru/ee to
 use ca% collat]al "u section #cfc1 or  
applicable law t prohibits ! debtor f   
incurr+ additional debt4  7#c7 ,! c\rt  
%all hold a he>+ )9 #g days aft] ! fil+ 

& s]vice ( ! motion to obta9 a loan     
describ$ 9 p>agraph 7#a74 ,not)/&+ !    
,f$]al ,rules ( ,bankruptcy ,proc$ure1  
at su* he>+1 ! c\rt may grant relief on 
a f9al basis4  4  7#b7 ,all[ance (      
adm9i/rative exp5ses ,section #ejc7;b7 (
 title #aa1 ,unit$ ,/ates ,code1 is     
am5d$-- 7,a7 9 p>agraph 7#h77;,b71 by   
/rik+ & at ! end2  7,b7 9 p>agraph 7#i71
 by /rik+ ! p]iod at ! end & ins]t+ 2 &2
 &  7,c7 by add+ at ! end ! foll[+3     
7#aj7 any debt incurr$ "u section       
#cfd7;g77#a7 ( ?is title4  4  7#c7      
,confirmation ( plan = reorganization   
,section #aaia ( title #aa1 ,unit$      
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  7f7 ,special provision relat$
 to ,,covid-#ai p&emic ,not)/&+ section 
#aabi7;a77#i77;,a7 ( ?is title &        
subsection 7e7 ( ?is section1 a plan t  
provides = paym5t ( a claim ( a k9d     
specifi$ 9 section #ejc7;b77#aj7 ( ?is  
title may be confirm$ "u subsection 7b7 
( ?is section if ! plan proposes to make
 paym5ts on acc\nt ( su* claim :5 due "u

 ! t]ms ( ! loan giv+ rise to su* claim4
  4  7#d7 ,confirmation ( plan = family 
f>m]s & fi%]m5 ,section #abbe ( title   
#aa1 ,unit$ ,/ates ,code1 is am5d$ by   
add+ at ! end ! foll[+3  7d7 ,not)/&+   
section #abbb7;a77#b7 ( ?is title &     
subsection 7b77#a7 ( ?is section1 a plan
 t provides = paym5t ( a claim ( a k9d  
specifi$ 9 section #ejc7;b77#aj7 ( ?is  
title may be confirm$ if ! plan proposes
 to make paym5ts on acc\nt ( su* claim  
:5 due "u ! t]ms ( ! loan giv+ rise to  
su* claim4  4  7#e7 ,confirmation ( plan
 = individuals ,section #acbe ( title   
#aa1 ,unit$ ,/ates ,code1 is am5d$ by   
add+ at ! end ! foll[+3  7d7 ,not)/&+   
section #acbb7;a77#b7 ( ?is title &     
subsection 7b77#a7 ( ?is section1 a plan
 t provides = paym5t ( a claim ( a k9d  
specifi$ 9 section #ejc7;b77#aj7 ( ?is  
title may be confirm$ if ! plan proposes
 to make paym5ts on acc\nt ( su* claim  
:5 due "u ! t]ms ( ! loan giv+ rise to  
su* claim4  4  7#f7 ,effective date2    
,sunset  7,a7 ,effective date ,!        

am5dm5ts made by p>agraphs 7#a7 ?r\gh   
7#e7 %all-- 7i7 take effect on ! date on
 :i* ! ,adm9i/rator submits to !        
,director ( ! ,executive ,(fice = ,unit$
 ,/ates ,tru/ees a writt5 det]m9ation t1
 subject to satisfy+ any o!r eligibility
 requirem5ts1 any debtor 9 possession or
 tru/ee t is au?oriz$ to op]ate !       
bus9ess ( ! debtor "u section #aahc1    
#aahd1 #abjc1 #abjd1 or #acjd ( title   
#aa1 ,unit$ ,/ates ,code1 w\ld be       
eligible = a loan "u p>agraphs 7#cf7 &  
7#cg7 ( section #g7;a7 ( ! ,small       
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a772 
&  7ii7 apply to any case p5d+ on or    
comm5c$ on or aft] ! date describ$ 9    
clause 7i74  7,b7 ,sunset  7i7 ,9 g5]al 
,if ! am5dm5ts made by ?is subsection   
take effect "u subp>agraph 7,a71        
effective on ! date t is #b ye>s aft] ! 
date ( enactm5t ( ?is ,act-- 7,i7       
section #cfd ( title #aa1 ,unit$ ,/ates 
,code1 is am5d$ by /rik+ subsection 7g72
  7,,ii7 section #ejc7;b7 ( title #aa1  
,unit$ ,/ates ,code1 is am5d$-- 7aa7 9  

p>agraph 7#h77;,b71 by add+ & at ! end2 
7bb7 9 p>agraph 7#i71 by /rik+ 2 & at ! 
end & ins]t+ a p]iod2 &  7cc7 by /rik+  
p>agraph 7#aj72  7,,iii7 section #aaia (
 title #aa1 ,unit$ ,/ates ,code1 is     
am5d$ by /rik+ subsection 7f72  7,,iv7  
section #abbe ( title #aa1 ,unit$ ,/ates
 ,code1 is am5d$ by /rik+ subsection    
7d72 &  7,v7 section #acbe ( title #aa1 
,unit$ ,/ates ,code1 is am5d$ by /rik+  
subsection 7d74  7ii7 ,applicability    
,not)/&+ ! am5dm5ts made by clause 7i7 (
 ?is subp>agraph1 if ! am5dm5ts made by 
p>agraphs 7#a71 7#b71 7#c71 7#d71 & 7#e7
 take effect "u subp>agraph 7,a7 ( ?is  
p>agraph1 su* am5dm5ts %all apply to any
 case "u title #aa1 ,unit$ ,/ates ,code1
 comm5c$ be=e ! date t is #b ye>s aft] !
 date ( enactm5t ( ?is ,act4  7r7       
,ov]sight  7#a7 ,compliance ) ov]sight  
requirem5ts  7,a7 ,9 g5]al ,except z    
provid$ 9 subp>agraph 7,b71 on & aft] ! 
date ( enactm5t ( ?is ,act1 !           
,adm9i/rator %all comply ) any data or  
in=mation reque/s or inquiries made by !

 ,comptroll] ,g5]al ( ! ,unit$ ,/ates n 
lat] ?an #cj days 7or su* lat] date z ! 
,comptroll] ,g5]al may specify7 aft]    
receiv+ ! reque/ or inquiry4  7,b7      
,exception ,if ! ,adm9i/rator is unable 
to comply ) a reque/ or inquiry describ$
 9 subp>agraph 7,a7 )9 ! #cj-;day p]iod 
or1 if applicable1 lat] p]iod describ$ 9
 t clause1 ! ,adm9i/rator %all1 dur+ t  
#cj-;day 7or lat]7 p]iod1 submit to !   
,committee on ,small ,bus9ess &         
,entrepr5eur%ip ( ! ,s5ate & !          
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives a notification t      
includes a detail$ ju/ification = !     
inability ( ! ,adm9i/rator to comply ) !
 reque/ or inquiry4  7#b7 ,te/imony ,n  
lat] ?an ! date t is #cj days aft] !    
date ( enactm5t ( ?is ,act1 & e qu>t]   
!reaft] until ! date t is #b ye>s aft] !
 date ( enactm5t ( ?is ,act1 !          
,adm9i/rator & ! ,secret>y ( ! ,treasury
 %all te/ify be=e ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate &
 ! ,committee on ,small ,bus9ess ( !    

,h\se ( ,repres5tatives reg>d+          
implem5tation ( ?is section & ! am5dm5ts
 made by ?is section4  7s7 ,conflicts ( 
int]e/  7#a7 ,def9itions ,9 ?is         
subsection3 7,a7 ,controll+ int]e/ ,!   
t]m controll+ int]e/ means own+1        
controll+1 or hold+ n less ?an #bj      
p]c5t1 by vote or value1 ( ! out/&+     
am\nt ( any class ( equity int]e/ 9 an  
entity4  7,b7 ,cov]$ entity  7i7        
,def9ition ,! t]m cov]$ entity means an 
entity 9 :i* a cov]$ individual directly
 or indirectly holds a controll+ int]e/4
  7ii7 ,treatm5t ( securities ,= !      
purpose ( det]m9+ :e!r an entity is a   
cov]$ entity1 ! securities own$1        
controll$1 or held by #b or m           
individuals :o are relat$ z describ$ 9  
subp>agraph 7,c77ii7 %all be aggregat$4 
7,c7 ,cov]$ individual ,! t]m cov]$     
individual means-- 7i7 ! ,presid5t1 !   
,vice ,presid5t1 ! head ( an ,executive 
dep>tm5t1 or a ,memb] ( ,congress2 &    
7ii7 ! sp\se1 *ild1 son-9-law1 or       
daught]-9-law1 z det]m9$ "u applicable  

common law1 ( an individual describ$ 9  
clause 7i74  7,d7 ,executive dep>tm5t ,!
 t]m ,executive dep>tm5t has ! mean+    
giv5 ! t]m 9 section #aja ( title #e1   
,unit$ ,/ates ,code4  7,e7 ,memb] (     
congress ,! t]m ,memb] ( ,congress means
 a ,memb] ( ! ,s5ate or ,h\se (         
,repres5tatives1 a ,delegate to ! ,h\se 
( ,repres5tatives1 & ! ,resid5t         
,commission] f ,pu]to ,rico4  7,f7      
,equity int]e/ ,! t]m equity int]e/     
means-- 7i7 a %>e 9 an entity1 )\t reg>d
 to :e!r ! %>e is-- 7,i7 transf]able2 or
  7,,ii7 classifi$ z /ock or any?+      
simil>2  7ii7 a capital or pr(it int]e/ 
9 a limit$ liability company or         
p>tn]%ip2 or  7iii7 a w>rant or "r1 o!r 
?an a "r to conv]t1 to pur*ase1 sell1 or
 subscribe to a %>e or int]e/ describ$ 9
 clause 7i7 or 7ii71 respectively4  7#b7
 ,requirem5t ,! pr9cipal executive (fic]
 & ! pr9cipal f9ancial (fic]1 or        
individuals p]=m+ simil> functions1 ( an
 entity seek+ to ent] a transaction made
 "u p>agraph 7#cf7 or 7#cg7 ( section   

#g7;a7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcf7;a771 z add$ & am5d$ by  
?is section1 %all1 be=e t transaction is
 approv$1 disclose to ! ,adm9i/rator    
:e!r ! entity is a cov]$ entity4  7#c7  
,applicability ,! requirem5t "u p>agraph
 7#b7-- 7,a7 %all apply ) respect to any
 transaction made "u p>agraph 7#cf7 or  
7#cg7 ( section #g7;a7 ( ! ,small       
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a771 
z add$ & am5d$ by ?is section1 on or    
aft] ! date ( enactm5t ( ?is ,act2 &    
7,b7 %all n apply ) respect to-- 7i7 any
 transaction describ$ 9 subp>agraph 7,a7
 t 0 made be=e ! date ( enactm5t ( ?is  
,act2 or  7ii7 =giv5ess "u section #aajf
 ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijje7  
or any o!r provision ( law ( any loan   
associat$ ) any transaction describ$ 9  
subp>agraph 7,a7 t 0 made be=e ! date ( 
enactm5t ( ?is ,act4  7t7 ,commitm5t    
au?ority & appropriations  7#a7         
,commitm5t au?ority ,section #aajb7;b7 (
 ! ,,c>es ,act 7,public ,law #aaf-acf7  
is am5d$-- 7,a7 9 p>agraph 7#a7-- 7i7 9 

! p>agraph head+1 by ins]t+ & second    
draw aft] ,,ppp2  7ii7 by /rik+ ,augu/  
#h1 #bjbj & ins]t+ ,decemb] #ca1 #bjbj2 
7iii7 by /rik+ p>agraph 7#cf7 & ins]t+  
p>agraphs 7#cf7 & 7#cg72 &  7iv7 by     
/rik+ #fei1jjj1jjj1jjj & ins]t+         
#ggi1fdj1jjj1jjj2 &  7,b7 by am5d+      
p>agraph 7#b7 to read z foll[s3  7#b7   
,o!r #g7;a7 loans ,dur+ fiscal ye>      
#bjbj1 ! am\nt au?oriz$ = commitm5ts =  
section #g7;a7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7;a77 "u ! head+     
,small ,bus9ess ,adm9i/ration--,bus9ess 
,loans ,program ,acc\nt 9 ! ,f9ancial   
,s]vices & ,g5]al ,gov]nm5t             
,appropriations ,act1 #bjbj 7division ,c
 ( ,public ,law #aaf-aic7 %all apply )  
respect to any commitm5ts "u su* section
 #g7;a7 o!r ?an "u p>agraphs 7#cf7 &    
7#cg7 ( su* section #g7;a74  4  7#b7    
,direct appropriations  7,a7 ,new direct
 appropriations = ,,ppp loans1 second   
draw loans1 & ! ,,mbda ,!re is          
appropriat$1 out ( am\nts 9 ! ,treasury 
n o!rwise appropriat$1 = ! fiscal ye>   

end+ ,septemb] #cj1 #bjbj1 to rema9     
available until ,septemb] #cj1 #bjba1 = 
additional am\nts-- 7i7 #beg1fdj1jjj1jjj
 "u ! head+ #8#8,small ,bus9ess         
,adm9i/ration--,bus9ess ,loans ,program 
,acc\nt1 ,,c>es ,act'' = ! co/ (        
gu>ante$ loans z au?oriz$ "u p>agraph   
7#cf7 & 7#cg7 ( section #g7;a7 ( !      
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a771 z am5d$ & add$ by ?is ,act2  
7ii7 #aj1jjj1jjj "u ! head+             
#8#8,dep>tm5t ( ,comm]ce--,m9ority      
,bus9ess ,developm5t ,ag5cy'' = m9ority 
bus9ess c5t]s ( ! ,m9ority ,bus9ess     
,developm5t ,ag5cy to provide te*nical  
assi/ance to small bus9ess conc]ns2 &   
7iii7 #ej1jjj1jjj "u ! head+ ,small     
,bus9ess ,adm9i/ration--,sal>ies &      
,exp5ses = ! co/ ( c>ry+ out reviews &  
audits ( loans "u subsection 7l7 (      
section #aajf ( ! ,,c>es ,act 7#ae      
,u4,s4,c4 #ijje71 z am5d$ by ?is ,act4  
7,b7 ,availability ( am\nts appropriat$ 
= ! ,(fice ( ,inspector ,g5]al ,section 
#aajg7;a77#c7 ( ! ,,c>es ,act 7#ae      

,u4,s4,c4 #ijjf7;a77#c77 is am5d$ by    
/rik+ ,septemb] #bj1 #bjbd & ins]t+     
exp5d$4  7#c7 ,rescission ,( !          
unobligat$ balances 9 ! appropriations  
acc\nt "u ! head+ ,small ,bus9ess       
,adm9i/ration--,bus9ess ,loans ,program 
,acc\nt1 ,,c>es ,act z ( ! day be=e !   
date ( enactm5t ( ?is ,act1 effective on
 ! date ( enactm5t ( ?is ,act           
#acg1jjj1jjj1jjj %all be resc9d$ &      
deposit$ into ! g5]al fund ( !          
,treasury4  7#d7 ,em]g5cy designation   
7,a7 ,9 g5]al ,! am\nts provid$ "u ?is  
subsection 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   
subsection 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  ,octob] #a1 
#bjbj,read ! second "t & plac$ on !     
cal5d>