,i #aag? ,,congress #a/ ,session ,h4 ,r4 #behc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #ae1 #bjba,mrs4 ,h9son 7= h]self & ,ms4 ,spanb]g]7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,small ,bus9ess ,a ,,bill ,to modify ! calculation ( ! maximum loan am\nt "u ! pay*eck protection program = f>m]s1 ran*]s1 & sole proprietors1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,ppp ,equity ,act ( #bjba4 #b4 ,gross rev5ue calculation = f>m]s1 ran*]s1 & sole proprietors 7a7 ,9 g5]al ,section #g7;a77#cf77,v7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77,v77 is am5d$-- 7#a7 9 ! subp>agraph head+1 by /rik+ f>m]s & ran*]s & ins]t+ f>m]s1 ran*]s1 & sole proprietors2 7#b7 9 clause 7i7-- 7,a7 9 subclause 7,i71 by ins]t+ is a sole proprietor1 aft] indep5d5t contractor12 & 7,b7 9 subclause 7,,ii71 by /rik+ f>m income or exp5ses on a ,s*$ule ,f & ins]t+ income or exp5ses on a ,s*$ule ,c 7or any equival5t successor s*$ule7 or ,s*$ule ,f2 & 7#c7 9 clause 7ii77,i77aa77,,aa71 by ins]t+ ,s*$ule ,c 7or any equival5t successor s*$ule7 or be=e ,s*$ule ,f4 7b7 ,con=m+ am5dm5ts ,section #cac7;b7 ( ! ,economic ,aid to ,h>d-,hit ,small ,bus9esses1 ,nonpr(its1 & ,v5ues ,act 7,public ,law #aaf-bfj7 is am5d$-- 7#a7 by /rik+ ,date2 9 ! subsection head+ & all t foll[s ?r\gh ,except & ins]t+ ,date4--,except2 & 7#b7 by /rik+ p>agraph 7#b74 7c7 ,effective date2 applicability 7#a7 ,9 g5]al ,?is ,act & ! am5dm5ts made by ?is ,act %all be effective z if includ$ 9 ! ,,c>es ,act 7,public ,law #aaf-acf2 #acd ,/at4 #bha7 & %all apply to any loan made pursuant to section #g7;a77#cf7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77 be=e1 on1 or aft] ! date ( enactm5t ( ?is ,act1 includ+ =giv5ess ( su* a loan4 7#b7 ,process = borr[]s previ\sly exclud$ ,n lat] ?an #fj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %all e/abli% a process "u :i* a borr[] t 0 prohibit$ f reque/+ a recalculation ( a cov]$ loan "u section #g7;a77#cf77,v77iv7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77,v77iv77 because ( ! application ( section #cac7;b77#b7 ( ! ,economic ,aid to ,h>d-,hit ,small ,bus9esses1 ,nonpr(its1 & ,v5ues ,act 7,public ,law #aaf-bfj71 z 9 effect on ! day be=e ! date ( ! enactm5t ( ?is ,act1 may submit1 via mail or onl9e1 a reque/ = su* recalculation4