,,ii ,cal5d> ,no4 #chg #aag? ,,congress 
#b;d ,session  ,h4 ,r4 #chjg  ,,9 ,,!   
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,april 
#g1 #bjbb,receiv$  ,may #bd1 #bjbb ,read
 ! fir/ "t  ,may #be1 #bjbb,read !      
second "t & plac$ on ! cal5d>  ,,an     
,,act  ,to am5d ! ,am]ican ,rescue ,plan
 ,act ( #bjba to increase appropriations
 to ! ,re/aurant ,revitalization ,fund1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,relief =          
,re/aurants & o!r ,h>d ,hit ,small      
,bus9esses ,act ( #bjbb4  #b4 ,re/aurant
 ,revitalization ,grants  7a7           
,appropriation ,section #ejjc7;b77#b7 ( 
! ,am]ican ,rescue ,plan ,act ( #bjba   
7#ae ,u4,s4,c4 #ijji;c7b77#b77 is       
am5d$-- 7#a7 9 subp>agraph 7,a7-- 7,a7  
by /rik+ #bh1fjj1jjj1jjj & ins]t+       
#gj1fjj1jjj1jjj2 &  7,b7 by ins]t+ 1 (  
:i* n m ?an #dbj1jjj1jjj %all be =      
adm9i/rative exp5ses to c>ry out ?is    
section1 & ( :i* #g1ejj1jjj %all be = ! 
,inspector ,g5]al ( ! ,small ,bus9ess   
,adm9i/ration1 #g1ejj1jjj = ! ,dep>tm5t 

( ,ju/ice = inve/igative & prosecutorial
 activities relat$ to fraud & abuse1 &  
#g1ejj1jjj = ,p&emic ,response          
,acc\ntability ,committee1 = audits (   
grants "u ?is section to inve/igate     
fraud & to id5tify improp] paym5ts &    
ineligible recipi5ts1 & = o!r necess>y  
exp5ses be=e ! p]iod at ! end2 &  7#b7 9
 subp>agraph 7,b77i77,,ii71 by /rik+    
#bc1fjj1jjj1jjj & ins]t+ any rema9+     
am\nts n us$ = a purpose au?oriz$ "u    
subp>agraph 7,a7 or clause 7i7 ( ?is    
subp>agraph4  7b7 ,insuffici5t fund+    
,section #ejjc ( ! ,am]ican ,rescue     
,plan ,act ( #bjba 7#ae ,u4,s4,c4       
#ijji;c7 is am5d$ by add+ at ! end !    
foll[+3  7d7 ,insuffici5t fund+  7#a7 ,9
 g5]al ,if ! ,adm9i/rator det]m9es t !  
am\nts made available to c>ry out ?is   
section are insuffici5t to make grants 9
 ! am\nt provid$ 9 subsection 7c77#d7 to
 ea* eligible entity t has submitt$ an  
application 9 accordance ) ! program    
guidel9es 9 effect on ! day be=e ! date 
( enactm5t ( ?is subsection1 b has n    

receiv$ an aw>d z ( su* date1 !         
,adm9i/rator %all make grants ) !       
available am\nts to ea* su* eligible    
applicant-- 7,a7 su* t ! am\nt ( ! grant
 t ea* su* eligible entity w\ld h       
o!rwise receiv$ "u ?is section is r$uc$ 
by an equal p]c5tage2  7,b7 by e/abli%+ 
a maximum am\nt = a grant made "u ?is   
subsection to ensure t small] eligible  
entities /ill receive grants 9 ! am\nts 
provid$ "u subsection 7c77#d72 or  7,c7 
by provid+ full aw>ds 9 ! am\nts provid$
 "u subsection 7c77#d7 bel[ a c]ta9     
?re%old 7z ! ,adm9i/rator may e/abli%7 &
 r$uc+ grants above t ?re%old by an     
equal p]c5tage4  7#b7 ,res]v+ funds     
,no?+ 9 p>agraph 7#a7 %all prev5t !     
,adm9i/rator f-- 7,a7 res]v+ fund+ =    
applicants t may be det]m9$ to be       
eligible = a grant "u ?is section ^u    
reconsid]ation2 or  7,b7 mak+ p>tial    
aw>ds to eligible entities on a         
prelim9>y basis until ! am\nt ( fund+   
requir$ to fund grants to all eligible  
applicants is e/abli%$1 ^u ! completion 

( ! reconsid]ation process4  4  7c7     
,reports2 reconsid]ation2 v]ification ( 
bus9ess type ,section #ejjc ( ! ,am]ican
 ,rescue ,plan ,act ( #bjba 7#ae        
,u4,s4,c4 #ijji;c71 z am5d$ by          
subsection 7b71 is fur!r am5d$ by add+  
at ! end ! foll[+3  7e7 ,reports ,!     
,adm9i/rator %all-- 7#a7 on a biweekly  
basis until ! am\nts made available to  
c>ry out ?is section are fully exp5d$1  
publi% data t %[s1 = ! p]iod beg9n+ on !
 date on :i* ! ,adm9i/rator began mak+  
grants "u ?is section & end+ on ! date  
on :i* ! in=mation is publi%$-- 7,a7 )  
respect to applications = grants "u ?is 
section1 ! numb] ( ^? applications-- 7i7
 t ! ,adm9i/rator has receiv$2  7ii7 t !
 ,adm9i/rator has review$ or is 9 !     
process ( review+2 &  7iii7 ) respect to
 :i* ! ,adm9i/rator has made a decision2
 &  7,b7 ! numb] & doll> am\nt ( grants 
"u ?is section-- 7i7 t h be5 aw>d$2 &   
7ii7 t h be5 disburs$2  7#b7 on a weekly
 basis until ! am\nts made available to 
c>ry out ?is section are fully exp5d$1  

publi%1 ) respect to ! p]iod beg9n+ on !
 date ( enactm5t ( ?is subsection & end+
 on ! date on :i* ! in=mation is        
publi%$-- 7,a7 ) respect to ea* eligible
 entity to :i* a grant is made "u ?is   
section-- 7i7 ! "n ( ! eligible entity1 
includ+ ! "n or names "u :i* ! eligible 
entity does bus9ess if t "n is diff]5t f
 ! "n ( ! eligible entity2 &  7ii7 !    
address (-- 7,i7 ! eligible entity2 &   
7,,ii7 ! physical location or locations 
= ! eligible entity li/$ on !           
application1 if diff]5t f ! address ( ! 
eligible entity2  7,b7 ! am\nt ( ea*    
grant describ$ 9 subp>agraph 7,a72 &    
7,c7 ! bus9ess category li/$ 9          
subsection 7a77#d77;,a7 to :i* !        
eligible entity belongs4  7f7           
,reconsid]ation  7#a7 ,explanation =    
d5ial ,) respect to an applicant t      
applies = a grant "u ?is section & is   
d5i$ by ! ,adm9i/rator1 ! ,adm9i/rator  
%all make available to ! applicant a    
brief explanation id5tify+ ! reason :y !
 ,adm9i/rator d5i$ ! application ( !    

applicant1 :i* %all include1 :]e        
applicable1 a citation to ! /atutory1   
regulatory1 or guidance provision ) :i* 
! applicant fail$ to comply & t 0 !     
basis = ! d5ial4  7#b7 ,process ,!      
,adm9i/rator %all e/abli% a             
reconsid]ation process ?r\gh :i* !      
applicant may-- 7,a7 submit to !        
,adm9i/rator additional in=mation !     
applicant det]m9es to be relevant to    
:e!r ! applicant is eligible = ! grant2 
&  7,b7 receive a review ( ! application
 & su* additional in=mation submitt$ "u 
subp>agraph 7,a74  7g7 ,v]ification (   
bus9ess type ,if ! ,adm9i/rator v]ifies 
t an applicant = a loan "u section      
#g7;a77#cf7 ( ! ,small ,bus9ess ,act is 
n an eligible bus9ess type = a grant "u 
?is section us+ cr$ible in=mation o!r   
?an in=mation obta9$ f ! application ( !
 applicant = su* loan dur+ #bjbj1 !     
,adm9i/rator may reject ! application   
solely on ^? gr\nds4  4  7d7 ,requirem5t
 ( cont9u+ op]ation ,= any application =
 a grant "u section #ejjc ( ! ,am]ican  

,rescue ,plan ,act ( #bjba 7#ae         
,u4,s4,c4 #ijji;c7 t is p5d+ on ! date (
 enactm5t ( ?is ,act or = :i* !         
applicant has receiv$ an aw>d notice b !
 ,adm9i/rator has n disburs$ am\nts "u !
 grant1 ! ,adm9i/rator may n disburse   
am\nts "u ! grant unless ! applicant    
submits a /atem5t to ! ,adm9i/rator     
indicat+ ! applicant is /ill op]at+1 or 
int5ds to reop5 )9 #f mon?s aft] ! date 
( ! /atem5t is submitt$1 ! place (      
bus9ess = :i* su* applicant is seek+ su*
 grant4  7e7 ,ov]sight & audits ,section
 #ejjc ( ! ,am]ican ,rescue ,plan ,act (
 #bjba 7#ae ,u4,s4,c4 #ijji;c71 z am5d$ 
by subsection 7c71 is fur!r am5d$ by    
add+ at ! end ! foll[+3  7h7 ,ov]sight &
 audits  7#a7 ,9 g5]al ,! ,adm9i/rator  
%all in/itute an ov]sight & audit plan )
 respect to eligible entities receiv+   
grants "u ?is section1 :i* %all         
include-- 7,a7 docum5tation requirem5ts 
t are consi/5t ) ! eligibility & o!r    
requirem5ts "u ?is section1 includ+ by  
requir+ an eligible entity t receives a 

grant "u ?is section to reta9 records t 
demon/rate compliance ) ^? requirem5ts2 
&  7,b7 reviews ( ! use ( grants made "u
 ?is section by eligible entities4  7#b7
 ,submission ( plan ,n lat] ?an #cj days
 aft] ! date ( enactm5t ( ?is           
subsection1 ! ,adm9i/rator %all submit  
to ! ,committee on ,small ,bus9ess &    
,entrepr5eur%ip ( ! ,s5ate & !          
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives ! plan requir$ "u     
p>agraph 7#a71 :i* %all describe-- 7,a7 
! policies & proc$ures ( ! ,adm9i/rator 
= conduct+ ov]sight & audits ( grants   
made "u ?is section2 &  7,b7 ! metrics t
 ! ,adm9i/rator w use to det]m9e :i*    
grants made "u ?is section w be audit$  
"u t plan4  7#c7 ,reports ,n lat] ?an   
#fj days aft] ! date ( enactm5t ( ?is   
subsection1 & once e #cj days !reaft]   
until ! date t is #ahj days aft] ! date 
on :i* all am\nts made available to c>ry
 out ?is section h be5 fully exp5d$1 &  
^u reque/ !reaft]1 ! ,adm9i/rator %all  
submit to ! ,committee on ,small        

,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & 
! ,committee on ,small ,bus9ess ( !     
,h\se ( ,repres5tatives a report on !   
ov]sight & audit activities ( !         
,adm9i/rator "u ?is subsection1 :i* %all
 include-- 7,a7 ! total numb] ( grants  
approv$ & disburs$ "u ?is section2  7,b7
 ! total am\nt ( ea* grant receiv$ by   
ea* eligible entity2  7,c7 ! numb] (    
active inve/igations & audits ( grants  
made "u ?is section2  7,d7 ! numb] (    
complet$ reviews & audits ( grants made 
"u ?is section1 includ+ a description   
(-- 7i7 any f9d+s ( fraud or o!r mat]ial
 noncompliance ) ! requirem5ts ( ?is    
section2 &  7ii7 ! total am\nt rec\p$ f 
ineligible recipi5ts2 &  7,e7 a         
description ( any sub/antial *anges made
 to ! plan requir$ "u p>agraph 7#a74    
7#d7 ,retroactive application ,?is      
subsection %all apply to grants &       
decisions made "u ?is section be=e1 on1 
or aft] ! date ( enactm5t ( ?is         
subsection4  4  #c4 ,h>d ,hit ,indu/ries
 ,aw>d ,program  7a7 ,def9itions ,9 ?is 

section3 7#a7 ,adm9i/rator ,! t]m       
,adm9i/rator means ! ,adm9i/rator ( !   
,small ,bus9ess ,adm9i/ration4  7#b7    
,affiliat$ bus9ess ,! t]m affiliat$     
bus9ess means a bus9ess 9 :i* an        
eligible entity-- 7,a7 has an equity or 
"r to receive n less ?an #ej p]c5t ( !  
pr(it di/ributions ( su* bus9ess2 or    
7,b7 has1 on or be=e ,m>* #ac1 #bjbj1   
contractual au?ority to control !       
bus9ess4  7#c7 ,aw>d ,! t]m aw>d means a
 f9ancial assi/ance paym5t t an eligible
 applicant receives directly f ! ,small 
,bus9ess ,adm9i/ration4  7#d7 ,cov]$    
p]iod ,! t]m cov]$ p]iod means ! p]iod  
beg9n+ on ,febru>y #ae1 #bjbj1 & end+ on
 ! lat] (-- 7,a7 ,m>* #ca1 #bjbc2 or    
7,b7 a date to be det]m9$ by !          
,adm9i/rator t is n lat] ?an #b ye>s    
aft] ! date ( enactm5t ( ?is section4   
7#e7 ,eligible entity ,! t]m eligible   
entity-- 7,a7 means a small bus9ess     
conc]n t-- 7i7 employs n m ?an #bjj     
employees2 &  7ii7 suff]$ a             
p&emic-relat$ rev5ue loss ( #dj p]c5t or

 great]2 &  7,b7 does n include a small 
bus9ess conc]n t-- 7i7 is a ,/ate or    
local gov]nm5t-op]at$ bus9ess2  7ii7 has
 receiv$ a grant "u-- 7,i7 section #cbd 
( ! ,economic ,aid to ,h>d ,hit ,small  
,bus9esses1 ,nonpr(its1 & ,v5ues ,act   
7#ae ,u4,s4,c4 #ijji;a72 or  7,,ii7     
section #ejjc ( ! ,am]ican ,rescue ,plan
 ,act ( #bjba 7,public ,law #aag-b72    
7iii7 is a publicly-trad$ company2  7iv7
 is an entity t is own$ or op]at$ by a  
private equity fund2 or  7v7 has a wage 
violation at ! "t ( application4  7#f7  
,eligible self-employ$ individual ,! t]m
 eligible self-employ$ individual has ! 
mean+ giv5 9 section #gjjb7;b7 ( !      
,families ,fir/ ,coronavirus ,response  
,act 7#bf ,u4,s4,c4 #adja note74  7#g7  
,ex*ange2 issu]2 security ,! t]ms       
ex*ange1 issu]1 & security h ! mean+s   
giv5 ^? t]ms1 respectively1 9 section   
#c7;a7 ( ! ,securities ,ex*ange ,act (  
#aicd 7#ae ,u4,s4,c4 #gh;c7a774  7#h7   
,p&emic-relat$ rev5ue loss  7,a7 ,9     
g5]al ,! t]m p&emic-relat$ rev5ue loss  

means1 subject to subp>agraph 7,b7 & )  
respect to an eligible entity-- 7i7     
except z provid$ 9 clauses 7ii7 & 7iii71
 ! av]age annual gross receipts dur+    
#bjbj & #bjba1 z e/abli%$ us+ su*       
v]ification docum5tation z !            
,adm9i/rator may require1 ( ! eligible  
entity subtract$ f ! gross receipts ( ! 
eligible entity 9 #bjai1 if su* sum is  
great] ?an z]o2  7ii7 if ! eligible     
entity 0 n 9 op]ation = ! entirety (    
#bjai-- 7,i7 ! diff]5ce betwe5-- 7aa7 ! 
product obta9$ by multiply+ ! av]age    
mon?ly gross receipts ( ! eligible      
entity 9 #bjai by #ab2 &  7bb7 ! product
 obta9$ by multiply+ ! av]age mon?ly    
gross receipts ( ! eligible entity 9    
#bjbj & #bjba by #ab2 or  7,,ii7 an     
am\nt bas$ on a =mula det]m9$ by !      
,adm9i/rator2 or  7iii7 if ! eligible   
entity began op]ations dur+ ! p]iod     
beg9n+ on ,janu>y #a1 #bjbj1 & end+ on !
 day be=e ! date ( enactm5t ( ?is       
section1 an am\nt bas$ on a =mula       
det]m9$ by ! ,adm9i/rator4  7,b7        

,r$uction ,= purposes ( ?is p>agraph1 ! 
p&emic-relat$ rev5ue losses = an        
eligible entity calculat$ "u subp>agraph
 7,a7 %all be r$uc$ by ! sum (-- 7i7 any
 am\nt receiv$ f a cov]$ loan made "u   
p>agraph 7#cf7 or 7#cg7 ( section #g7;a7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcf7;a77 9 #bjbj or #bjba2  7ii7 any  
am\nt receiv$ z a grant "u section #aaaj
 ( ! ,coronavirus ,aid1 ,relief1 &      
,economic ,security ,act 7#ae ,u4,s4,c4 
#ijji72 &  7iii7 any am\nt receiv$ z a  
grant "u section #cca ( ! ,economic ,aid
 to ,h>d-,hit ,small ,bus9esses1        
,nonpr(its1 & ,v5ues ,act 7#ae ,u4,s4,c4
 #ijji;b74  7,c7 ,p]c5tage det]m9ation  
,= ! purposes ( det]m9+ ! p]c5tage (    
p&emic-relat$ rev5ue loss "u ?is        
subsection1 ! p]c5tage %all be equal    
to-- 7i7 9 ! case ( an eligible entity =
 :i* subp>agraph 7,a77i7 applies1 !     
product obta9$ by multiply+-- 7,i7 !    
quoti5t obta9$ by divid+ ! p&emic-relat$
 rev5ue losses = su* eligible entity by 
! gross receipts ( ! eligible entity 9  

#bjai2 &  7,,ii7 #ajj2  7ii7 9 ! case ( 
an eligible entity = :i* subp>agraph    
7,a77ii77,i7 applies1 ! product obta9$  
by multiply+-- 7,i7 ! quoti5t obta9$ by 
divid+ ! p&emic-relat$ rev5ue losses =  
su* eligible entity by ! product obta9$ 
by multiply+ ! av]age mon?ly gross      
receipts ( ! eligible entity 9 #bjai by 
#ab2 &  7,,ii7 #ajj2 &  7iii7 9 ! case (
 an eligible entity = :i* clauses       
7ii77,,ii7 or 7iii7 applies1 an am\nt   
bas$ on a =mula det]m9$ by !            
,adm9i/rator4  7#i7 ,payroll co/s ,! t]m
 payroll co/s has ! mean+ giv5 ! t]m 9  
section #g7;a77#cf77;,a7 ( ! ,small     
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#cf77;,a771 except t su* t]m   
%all n include-- 7,a7 qualifi$ wages1 z 
def9$ 9 section #bcja7;c7 ( ! ,,c>es    
,act 7#bf ,u4,s4,c4 #caaa note71 tak5   
into acc\nt 9 det]m9+ ! cr$it all[$ "u  
su* section #bcja2 or  7,b7 premiums    
tak5 into acc\nt 9 det]m9+ ! cr$it all[$
 "u section #fdcb ( ! ,int]nal ,rev5ue  
,code ( #aihf4  7#aj7 ,private equity   

fund ,! t]m private equity fund has !   
mean+ giv5 ! t]m 9 section #bbe4agc7;a7 
( title #ab1 ,code ( ,f$]al             
,regulations1 or any successor          
regulation4  7#aa7 ,publicly-trad$      
company ,! t]m publicly-trad$ company   
means an entity t is majority own$ or   
controll$ by an entity t is an issu]1 ! 
securities ( :i* are li/$ on a national 
securities ex*ange "u section #f ( !    
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;f74  7#ab7 ,small bus9ess 
conc]n ,! t]m small bus9ess conc]n has !
 mean+ giv5 "u section #c ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7 &    
includes-- 7,a7 individuals :o op]ate "u
 a sole proprietor%ip1 z an indep5d5t   
contractor1 or z an eligible            
self-employ$ individual2 &  7,b7 small  
bus9ess conc]ns describ$ 9 subp>agraphs 
7,b71 7,c71 & 7,d7 ( section #ca7;b77#b7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #feg;a7b77#b774  7#ac7 ,small ,bus9ess 
,act def9itions ,! t]ms cov]$ mortgage  
obligation1 cov]$ op]ations exp5diture1 

cov]$ r5t obligation1 cov]$ suppli] co/1
 cov]$ utility paym5t1 & cov]$ work]    
protection exp5diture h ! mean+s giv51  
respectively1 9 section #g;,a ( ! ,small
 ,bus9ess ,act 7#ae ,u4,s4,c4 #fcfm74   
7b7 ,aw>ds to eligible entities  7#a7 ,9
 g5]al ,f am\nts made available "u ?is  
,act1 ! ,adm9i/rator %all e/abli% a     
program to be kn[n z ! ,h>d ,hit        
,indu/ries ,aw>d ,program1 "u :i* !     
,adm9i/rator %all make aw>ds to eligible
 entities t submit an application "u    
p>agraph 7#b74  7#b7 ,application  7,a7 
,c]tification ,an eligible entity %all  
submit to ! ,adm9i/rator an application 
= an aw>d "u ?is subsection4 ,9 su*     
application1 ! eligible entity %all make
 a good fai? c]tification t-- 7i7 !     
unc]ta9ty ( curr5t economic conditions  
makes necess>y ! aw>d reque/ to support 
! ongo+ op]ations ( ! eligible entity2 &
  7ii7 ! eligible entity has no p5d+    
application = & has n receiv$ a grant   
"u-- 7,i7 section #cbd ( ! ,economic    
,aid to ,h>d-,hit ,small ,bus9esses1    

,nonpr(its1 & ,v5ues ,act 7#ae ,u4,s4,c4
 #ijji;a72 or  7,,ii7 section #ejjc ( ! 
,am]ican ,rescue ,plan ,act ( #bjba 7#ae
 ,u4,s4,c4 #ijji;c74  7,b7 ,v]ification 
,! ,adm9i/rator %all use tax records or 
o!r reliable s\rces1 su* z c]tifi$      
acc\nt+ /atem5ts1 ) respect to an       
applicant = an aw>d "u ?is section to   
det]m9e-- 7i7 ! eligibility ( !         
applicant = t aw>d2 &  7ii7 ! am\nt ( t 
aw>d to ! applicant4  7,c7 ,acceptance (
 applications ,n lat] ?an #abj days aft]
 ! date ( ! enactm5t ( ?is ,act1 !      
,adm9i/rator %all beg9 accept+          
applications = an aw>d "u ?is           
subsection4  7,d7 ,priority  7i7 ,9     
g5]al ,! ,adm9i/rator %all prioritize   
eligible entities t h exp]i5c$          
significant p&emic-relat$ rev5ue loss to
 receive an aw>d "u ?is section z       
foll[s3 7,i7 ,fir/ priority to eligible 
entities t exp]i5c$ a p&emic-relat$     
rev5ue loss ( at lea/ #hj p]c5t4  7,,ii7
 ,second priority to eligible entities t
 exp]i5c$ a p&emic-relat$ rev5ue loss ( 

at lea/ #fj p]c5t4  7ii7 ,small]        
entities ,)9 ea* category ( eligible    
entities describ$ 9 subclauses 7,i7     
?r\gh 7,,iii7 ( clause 7i71 !           
,adm9i/rator may prioritize aw>ds to    
eligible entities ) #ej employees or    
few]4  7iii7 ,additional priority ,)9   
ea* category ( eligible entities        
describ$ 9 subclauses 7,i7 ?r\gh 7,,iii7
 ( clause 7i71 ! ,adm9i/rator may       
prioritize aw>ds to eligible entities t 
did n receive a cov]$ loan made "u      
p>agraph 7#cf7 or 7#cg7 ( section #g7;a7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcf7;a77 9 #bjbj or #bjba4  7#c7 ,aw>d
 am\nt  7,a7 ,aggregate maximum am\nt ,!
 aggregate maximum am\nt ( aw>ds made to
 an eligible entity & any affiliat$     
bus9esses ( ! eligible entity "u ?is    
subsection may n exce$ #a1jjj1jjj4  7,b7
 ,det]m9ation ( aw>d am\nt  7i7 ,9 g5]al
 ,except z provid$ 9 ?is p>agraph1 !    
am\nt ( an aw>d made to an eligible     
entity "u ?is subsection %all be equal  
to ! p&emic-relat$ rev5ue loss ( !      

eligible entity4  7ii7 ,return to       
,treasury ,any am\nt ( an aw>d made "u  
?is subsection to an eligible entity    
describ$ 9 clause 7ii7 or 7iii7 (       
subsection 7a77#h77;,a7 t is great] ?an 
! av]age annual gross receipts ( !      
eligible entity 9 #bjbj & #bjba %all be 
return$ to ! ,treasury4  7,c7           
,insuffici5t fund+ ,aft] select+ aw>d   
recipi5ts 9 accordance ) p>agraph       
7#b77;,d7 & be=e disburs+ any aw>ds "u  
?is section1 if ! ,adm9i/rator det]m9es 
t ! am\nts made available "u ?is ,act = 
mak+ aw>ds "u ?is section are           
insuffici5t to make aw>ds to ea*        
eligible entity t submits an application
 "u p>agraph 7#b7 9 ! am\nt describ$ "u 
subp>agraphs 7,a7 & 7,b71 ! ,adm9i/rator
 may make aw>ds ) ! available am\nts su*
 t ! am\nt ( ! aw>d t ea* eligible      
entity w\ld h o!rwise receiv$ "u ^?     
subp>agraphs & 9 accordance ) p>agraph  
7#b77;,d7 is r$uc$ by a p]c5tage1 except
 t ! ,adm9i/rator may e/abli% an        
aggregate maximum am\nt = aw>ds made "u 

?is subp>agraph & 9 accordance )        
p>agraph 7#b77;,d7 to ensure t small]   
eligible entities receive aw>ds 9 !     
am\nts provid$ "u ^? subp>agraphs4  7#d7
 ,use ( funds ,dur+ ! cov]$ p]iod1 an   
eligible entity t receives an aw>d "u   
?is subsection may use ! aw>d = ! foll[+
 exp5ses incurr$ z a direct result (1 or
 dur+1 ! ,,covid-#ai p&emic3 7,a7       
,payroll co/s4  7,b7 ,paym5ts to        
indep5d5t contractors1 z report$ on ,=m 
#ajii-,,misc1 except t ea* su* paym5t   
may n exce$ #ajj1jjj4  7,c7 ,s*$ul$     
paym5ts ( int]e/ or pr9cipal on any     
cov]$ mortgage obligation 7:i* may n    
include any prepaym5t ( pr9cipal on a   
cov]$ mortgage obligation74  7,d7       
,paym5ts on any cov]$ r5t obligation &  
common area ma9t5ance *>ges "u a lease  
agreem5t4  7,e7 ,cov]$ utility paym5ts4 
7,f7 ,ma9t5ance exp5ses4  7,g7 ,cov]$   
work] protection exp5ditures4  7,h7     
,supplies1 includ+ protective equipm5t &
 clean+ mat]ials4  7,i7 ,exp5ses t 7 )9 
! scope ( ! normal bus9ess practice ( ! 

eligible entity be=e ! cov]$ p]iod4     
7,j7 ,cov]$ suppli] co/s4  7,k7 ,cov]$  
op]ational exp5ses4  7,l7 ,paid sick    
leave4  7,m7 ,capital exp5ditures 7or   
exp5ses requir$ "u any ,f$]al1 ,/ate1 or
 local law7 relat+ to implem5t+ social  
di/anc+ measures4  7,n7 ,any o!r        
ess5tial exp5ses ( ! eligible entity1 z 
det]m9$ by ! ,adm9i/rator4  7#e7        
,return+ funds ,if an eligible entity t 
receives an aw>d "u ?is section fails to
 use all ( ! aw>d on or be=e ! la/ day (
 ! cov]$ p]iod or p]man5tly ceases      
op]ations on or be=e ! la/ day ( ! cov]$
 p]iod1 ! eligible entity %all return to
 ! ,adm9i/rator any funds t ! eligible  
entity did n use = ! all[able exp5ses "u
 p>agraph 7#d74  7c7 ,data transp>5cy & 
cu/om] s]vice ,! ,adm9i/rator %all--    
7#a7 9 c>ry+ out ?is section1 ma9ta9    
regul> communication ) applicants &     
repres5tatives ( su* applicants1 includ+
 by-- 7,a7 ho/+ regul>ly s*$ul$         
in=mation sessions ) ^? p]sons2 &  7,b7 
provid+ opportunities to ^? p]sons to   

submit & receive answ]s to que/ions     
reg>d+ aw>ds made "u ?is section2  7#b7 
on a weekly basis until ! am\nts made   
available "u ?is section are fully      
exp5d$1 publi% data t %[s1 = ! p]iod    
beg9n+ on ! date ( enactm5t ( ?is ,act &
 end+ on ! date on :i* ! in=mation is   
publi%$-- 7,a7 ) respect to applications
 = aw>ds "u ?is section1 ! numb] ( ^?   
applications-- 7i7 t ! ,adm9i/rator has 
receiv$2  7ii7 t ! ,adm9i/rator has     
review$ or is 9 ! process ( review+2 &  
7iii7 ) respect to :i* ! ,adm9i/rator   
has made a decision2 &  7,b7 ! numb] &  
doll> am\nt ( paym5ts aw>d$ & disburs$  
"u ?is section2  7#c7 on a weekly basis 
until ! am\nts made available to c>ry   
out ?is section are fully exp5d$1       
publi%1 = ! p]iod beg9n+ on ! date (    
enactm5t ( ?is ,act & end+ on ! date on 
:i* ! in=mation is publi%$-- 7,a7 ! "n &
 location ( ea* eligible entity to :i*  
an aw>d has be5 made "u ?is section2 &  
7,b7 ! am\nt ( su* aw>d2  7#d7 ) respect
 to an applicant t applies = an aw>d "u 

?is section & is d5i$ by !              
,adm9i/rator-- 7,a7 make available to ! 
applicant a brief explanation reg>d+ !  
d5ial :i* %all include1 :]e applicable1 
a citation to ! /atute1 regulation1 or  
guidance ) :i* ! applicant fail$ to     
comply & t 0 ! basis = ! d5ial2 &  7,b7 
e/abli% a reconsid]ation process ?r\gh  
:i* ! applicant may-- 7i7 submit to !   
,adm9i/rator additional in=mation !     
applicant det]m9es to be relevant to    
:e!r ! applicant is eligible = ! grant2 
&  7ii7 receive a review ( ! application
 & su* additional in=mation submitt$ "u 
clause 7i74  7d7 ,tax treatm5t ( aw>ds  
7#a7 ,9 g5]al ,= ! purposes ( ! ,int]nal
 ,rev5ue ,code ( #aihf-- 7,a7 no aw>d   
made "u ?is section %all be includ$ 9 ! 
gross income ( ! eligible entity t      
receives an aw>d2  7,b7 no d$uction %all
 be d5i$1 no tax attribute %all be      
r$uc$1 & no basis increase %all be d5i$1
 by reason ( ! exclusion f gross income 
provid$ by subp>agraph 7,a72 &  7,c7 9 !
 case ( a p>tn]%ip or ,s corporation t  

receives an aw>d "u ?is section-- 7i7   
any am\nt exclud$ f income by reason (  
subp>agraph 7,a7 %all be treat$ z tax   
exempt = purposes ( sections #gje &     
#acff ( su* ,code2 &  7ii7 ! ,secret>y (
 ! ,treasury 7or ! ,secret>y's delegate7
 %all prescribe rules = det]m9+ a       
p>tn]'s di/ributive %>e ( any am\nt     
describ$ 9 clause 7i7 = purposes (      
section #gje ( su* ,code4  7#b7         
,applicability ,p>agraph 7#a7 %all apply
 to taxable ye>s end+ aft] ! date (     
enactm5t ( ?is ,act4  7e7 ,sy/em = ,aw>d
 ,managem5t ,! ,adm9i/rator may n       
require any eligible entity t applies = 
an aw>d "u ?is section to use ! ,sy/em =
 ,aw>d ,managem5t 7or any successor     
sy/em7 ) respect to t aw>d4  7f7        
,application process+ ,! ,director ( !  
,(fice ( ,managem5t & ,budget may1 on an
 em]g5cy basis & 9 ord] to exp$ite !    
process+ & approval ( applications =    
aw>ds "u ?is section1 waive !           
requirem5ts ( "p #bjj ( title #b1 ,code 
( ,f$]al ,regulations 7or any successor 

regulations7 ) respect to an aw>d made  
"u ?is section1 if-- 7#a7 ! ,director   
f9ds t su* a waiv] w prev5t eligible    
entities f fail+ or suff]+ undue h>d%ip2
 &  7#b7 ea* eligible entity t receives 
an aw>d "u ?is section is /ill requir$  
to submit to ! ,adm9i/rator ongo+       
reports reg>d+ ! use by ! eligible      
entity ( ! aw>d am\nts4  7g7 ,ov]sight &
 audits  7#a7 ,9 g5]al ,9 coop]ation ) !
 ,director ( ! ,(fice ( ,managem5t &    
,budget1 ! ,adm9i/rator %all e/abli% an 
ov]sight & audit plan ) respect to      
eligible entities receiv+ aw>ds "u ?is  
section1 :i* %all include-- 7,a7        
docum5tation requirem5ts t are consi/5t 
) ! eligibility & o!r requirem5ts "u ?is
 section1 includ+ a requirem5t t an     
eligible entity t receives an aw>d "u   
?is section reta9s records t demon/rate 
compliance ) ! requirem5ts ( ?is        
section2 &  7,b7 reviews ( ! use1 by    
eligible entities1 ( aw>ds made "u ?is  
section to ensure compliance ) !        
requirem5ts ( ?is section1 :i* %all     

include-- 7i7 a review & audit by !     
,adm9i/rator ( aw>ds made "u ?is        
section2 &  7ii7 9 ! case ( fraud or o!r
 mat]ial noncompliance ) respect to an  
aw>d made "u ?is section-- 7,i7 a       
requirem5t t ! applicable eligible      
entity repay to ! ,adm9i/rator ! am\nt (
 ! missp5t funds2 or  7,,ii7 legal      
action by ! ,adm9i/rator to collect !   
missp5t funds4  7#b7 ,submission ( plan 
,n lat] ?an #cj days aft] ! date ( !    
enactm5t ( ?is ,act1 ! ,adm9i/rator %all
 submit to ! ,committee on ,small       
,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & 
! ,committee on ,small ,bus9ess ( !     
,h\se ( ,repres5tatives ! plan requir$  
"u p>agraph 7#a71 :i* %all describe--   
7,a7 ! policies & proc$ures ( !         
,adm9i/rator = conduct+ ov]sight &      
audits ( aw>ds made "u ?is section2 &   
7,b7 ! metrics t ! ,adm9i/rator w use to
 det]m9e :i* aw>ds made "u ?is section w
 be audit$ "u t plan4  7#c7 ,reports ,n 
lat] ?an #fj days aft] ! date ( !       
enactm5t ( ?is ,act1 once e #cj days    

!reaft] until ! date t is #ahj days aft]
 ! date on :i* all am\nts made available
 to c>ry out ?is section h be5 fully    
exp5d$1 & ^u reque/ !reaft]1 !          
,adm9i/rator %all submit to ! ,committee
 on ,small ,bus9ess & ,entrepr5eur%ip ( 
! ,s5ate & ! ,committee on ,small       
,bus9ess ( ! ,h\se ( ,repres5tatives a  
report on ! ov]sight & audit activities 
( ! ,adm9i/rator "u ?is subsection1 :i* 
%all include-- 7,a7 ! total numb] (     
aw>ds approv$ & disburs$ "u ?is section2
  7,b7 ! total am\nt ( ea* aw>d receiv$ 
by ea* eligible entity2  7,c7 ! numb] ( 
active inve/igations & audits ( aw>ds   
made "u ?is section2  7,d7 ! numb] (    
complet$ reviews & audits ( aw>ds made  
"u ?is section1 includ+ a description ( 
any f9d+s ( fraud or o!r mat]ial        
noncompliance ) ! requirem5ts ( ?is     
section2 &  7,e7 a description ( any    
sub/antial *anges made to ! plan requir$
 "u p>agraph 7#a74  7h7 ,rules ,n lat]  
?an #ij days aft] ! date ( ! enactm5t ( 
?is ,act1 ! ,adm9i/rator %all issue     

rules to c>ry out ?is section1 )\t reg>d
 to ! notice requirem5ts "u section     
#eec7;b7 ( title #e1 ,unit$ ,/ates      
,code4  7i7 ,au?orization (             
appropriations ,9 addition to am\nts    
o!rwise available1 !re is appropriat$ = 
fiscal ye> #bjbb1 out ( any money 9 !   
,treasury n o!rwise appropriat$1        
#ac1jjj1jjj1jjj1 = ! ,h>d ,hit          
,indu/ries ,aw>d ,program e/abli%$ "u   
?is section1 to rema9 available until   
exp5d$1 ( :i* n m ?an #chj1jjj1jjj %all 
be = adm9i/rative exp5ses to c>ry out   
?is section1 ( :i*-- 7#a7 #b1ejj1jjj    
%all be = ! ,inspector ,g5]al ( ! ,small
 ,bus9ess ,adm9i/ration to prev5t wa/e1 
fraud1 & abuse ) respect to fund+ made  
available = ! ,h>d ,hit ,indu/ries ,aw>d
 ,program2  7#b7 #b1ejj1jjj %all be = ! 
,dep>tm5t ( ,ju/ice = inve/igative &    
prosecutorial activities relat$ to fraud
 & abuse1 ) respect to fund+ made       
available = ! ,h>d ,hit ,indu/ries ,aw>d
 ,program2 &  7#c7 #b1ejj1jjj %all be = 
%all be = ! ,p&emic ,response           

,acc\ntability ,committee ) respect to  
fund+ made available = ! ,h>d ,hit      
,indu/ries ,aw>d ,program4  #d4 ,fund+ =
 ! ,re/aurant ,revitalization ,fund & ! 
,h>d ,hit ,indu/ries ,aw>d ,program  7a7
 ,9 g5]al ,any unobligat$ cov]$ funds   
are h]eby transf]r$ to ! ,adm9i/rator ( 
! ,small ,bus9ess ,adm9i/ration =       
purposes ( c>ry+ out section #ejjc ( !  
,am]ican ,rescue ,plan ,act ( #bjba 7#ae
 ,u4,s4,c4 #ijji;c7 & ! ,h>d ,hit       
,indu/ries ,aw>d ,program e/abli%$ "u   
section #c ( ?is ,act4  7b7 ,cov]$ funds
 def9$ ,9 ?is section1 ! t]m cov]$      
funds-- 7#a7 means any & all funds      
recov]$1 seiz$1 reclaim$1 or o!rwise    
return$ to ! ,f$]al ,gov]nm5t receiv$   
pursuant to-- 7,a7 p>agraph 7#cf7 or    
7#cg7 ( section #g7;a7 ( ! ,small       
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a772 
7,b7 section #g7;b77#b7 ( ! ,small      
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b771 
) respect to a loan made "u su* section 
9 response to ,,covid-#ai dur+ ! cov]$  
p]iod 7z def9$ 9 section #aaaj7;a7 ( !  

,,c>es ,act 7#ae ,u4,s4,c4 #ijji7;a7772 
7,c7 section #aaaj7;e7 ( ! ,,c>es ,act  
7#ae ,u4,s4,c4 #ijji7;e772  7,d7 section
 #cca ( ! ,economic ,aid to ,h>d-,hit   
,small ,bus9esses1 ,nonpr(its1 & ,v5ues 
,act 7#ae ,u4,s4,c4 #ijji;b72  7,e7     
section #cbd ( ! ,economic ,aid to      
,h>d-,hit ,small ,bus9esses1 ,nonpr(its1
 & ,v5ues ,act 7#ae ,u4,s4,c4 #ijji;a72 
7,f7 section #ejjc ( ! ,am]ican ,rescue 
,plan ,act ( #bjba 7#ae ,u4,s4,c4       
#ijji;c72  7,g7 section #c ( ?is ,act2  
7#b7 includes any funds t z ( ,decemb]  
#ca1 #bjbb1 are unexp5d$ "u section     
#ejjc ( ! ,am]ican ,rescue ,plan ,act ( 
#bjba 7#ae ,u4,s4,c4 #ijji;c72 &  7#c7  
does n include funds paid by p]son to ! 
,f$]al ,gov]nm5t = ! purposes ( tax     
obligations1 s]vic+ ( loans1 or /&>d    
paym5t ( fees4  #e4 ,grants = %utt]$    
v5ue op]ators ,section #cbd7;d7 ( !     
,economic ,aid to ,h>d-,hit ,small      
,bus9esses1 ,nonpr(its1 & ,v5ues ,act   
7#ae ,u4,s4,c4 #ijji;a7d77 is am5d$ by  
/rik+ p>agraph 7#a7 & ins]t+ ! foll[+3  

7#a7 ,tim+  7,a7 ,exp5ses incurr$       
,am\nts receiv$ "u a grant "u ?is       
section may be us$ = co/s incurr$ dur+ !
 p]iod beg9n+ on ,m>* #a1 #bjbj1 & end+ 
on ,m>* #aa1 #bjbc 7or a lat] date1 z   
det]m9$ by ! ,adm9i/rator74  7,b7       
,exp5diture ,an eligible p]son or entity
 %all return to ! ,adm9i/rator any      
am\nts receiv$ "u a grant "u ?is section
 t are n exp5d$ on or be=e ,april #ae1  
#bjbc 7or a lat] date1 z det]m9$ by !   
,adm9i/rator71 ) respect to co/s incurr$
 dur+ ! p]iod describ$ 9 subp>agraph    
7,a74  4  ,pass$ ! ,h\se (              
,repres5tatives ,april #g1 #bjbb4;,*]yl 
,l4 ,johnson1,cl]k4  ,may #be1          
#bjbb,read ! second "t & plac$ on !     
cal5d>