,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #cii  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ba1 #bjba,mr4
 ,grijalva introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,small      
,bus9ess1 & 9 addition to ! ,committee  
on ,ways & ,means1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to direct !        
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration to e/abli% a =givable     
economic injury disa/] loan program =   
small bus9ess conc]ns locat$ ne> !      
,unit$ ,/ates bord]1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,bord] ,bus9ess ,,covid-#ai ,rescue   
,act4  #b4 ,bord] bus9ess economic      
injury disa/] loan  7a7 ,bord] bus9ess  
economic injury disa/] loan program     
7#a7 ,9 g5]al ,! ,adm9i/rator ( ! ,small
 ,bus9ess ,adm9i/ration %all c>ry out a 
program to make loans to bord] bus9esses
 directly impact$ by ! ,,covid-#ai      

p&emic4  7#b7 ,application ,a bord]     
bus9ess desir+ a loan "u ?is subsection 
%all submit to ! ,adm9i/rator an        
application at su* "t1 9 su* place1 &   
conta9+ su* in=mation z ! ,adm9i/rator  
det]m9es necess>y4  7#c7 ,t]ms  7,a7    
,am\nt2 ,int]e/ rate ,a loan made "u ?is
 subsection %all be 9 an am\nt less ?an 
or equal to #ejj1jjj & h an int]e/ rate 
equal to z]o p]c5t4  7,b7 ,waiv] ( c]ta9
 requirem5ts ,) respect to a loan made  
"u ?is subsection1 ! ,adm9i/rator %all  
waive-- 7i7 any rules relat$ to a       
p]sonal gu>antee = loans ( less ?an     
#bjj1jjj2  7ii7 any requirem5t t an     
applicant exhau/ o!r loan options be=e  
apply+ = a loan "u ?is subsection2 &    
7iii7 any requirem5t t an applicant ne$s
 to be 9 bus9ess = ! #a-ye> p]iod be=e  
,m>* #ac1 #bjbj1 except t no waiv] may  
be made = a bord] bus9ess t 0 n 9       
op]ation on or be=e ,janu>y #ca1 #bjbj4 
7#d7 ,use ( funds ,a bord] bus9ess t    
receives a loan "u ?is subsection %all  
use loan proce$s to-- 7,a7 provide paid 

sick leave to employees unable to "w z a
 direct effect ( ! ,,covid-#ai p&emic2  
7,b7 ma9ta9 payroll to reta9 employees  
dur+ bus9ess disruptions or sub/antial  
sl[d[ns caus$ by ! ,,covid-#ai p&emic2  
7,c7 meet increas$ co/s to obta9        
mat]ials f o!r s\rces due to int]rupt$  
supply *a9s caus$ by ! ,,covid-#ai      
p&emic2  7,d7 make r5t or mortgage      
paym5ts2  7,e7 pur*ase p]sonal          
protective equipm5t2  7,f7 repay        
obligations t _c be met due to rev5ue   
losses2 &  7,g7 pay = logi/ical exp5ses 
associat$ ) bord] closures due to !     
,,covid-#ai p&emic4  7b7 ,approval &    
ability ,to repay ,) respect to a loan  
made "u subsection 7a71 ! ,adm9i/rator  
may-- 7#a7 approve an applicant bas$    
solely on ! cr$it score ( ! applicant & 
%all n require an applicant to submit a 
tax return or a tax return transcript = 
su* approval2 or  7#b7 use an alt]native
 appropriate me?od to det]m9e an        
applicant's ability to repay4  7c7      
,=giv5ess & repaym5t  7#a7 ,=giv5ess ,! 

,adm9i/rator %all select f among        
applicants = a loan "u subsection 7a7 a 
numb] ( recipi5ts ( su* loan = :i* !    
,adm9i/rator %all =give up to #ajj p]c5t
 ( su* loan1 less ! am\nt ! borr[]      
receiv$ f-- 7,a7 any o!r loan =giv5ess  
program1 includ+ any program e/abli%$ "u
 ! ,,c>es ,act 7,public ,law #aaf-acf72 
&  7,b7 an advance receiv$ "u section   
#aaaj ( ! ,,c>es ,act 7#ae ,u4,s4,c4    
#ijji74  7#b7 ,repaym5t ,) respect to a 
loan recipi5t n select$ = =giv5ess ( su*
 loan "u p>agraph 7#a71 ! ,adm9i/rator  
%all e/abli% ! repaym5t t]ms ) respect  
to ea* su* loan1 except t su* repaym5t  
may n beg9 be=e ! date t is #a ye> aft] 
! date on :i* su* loan is made4  7d7    
,loan advance  7#a7 ,9 g5]al ,a bord]   
bus9ess t applies = a loan "u subsection
 7a7 may reque/ t ! ,adm9i/rator provide
 an advance 9 ! am\nt reque/$ by su*    
applicant to su* applicant n lat] ?an   
?ree days aft] receipt ( su* reque/4    
,su* am\nt %all n be less ?an #aj1jjj4  
7#b7 ,v]ification ,be=e disburs+ am\nts 

"u ?is subsection1 ! ,adm9i/rator %all  
v]ify t ! applicant is a bord] bus9ess  
by accept+ a self-c]tification f !      
applicant "u p5alty ( p]jury pursuant to
 section #agdf ( title #bh1 ,unit$      
,/ates ,code4  7#c7 ,use ( funds ,an    
advance provid$ "u ?is subsection may be
 us$ to = any purpose describ$ "u       
subsection 7a77#d74  7#d7 ,repaym5t ,an 
applicant %all n be requir$ to repay any
 am\nts ( an advance provid$ "u ?is     
subsection1 ev5 if su* applicant is     
subsequ5tly d5i$ a loan "u subsection   
7a74  7e7 ,o!r b5efits ,receipt ( an    
advance "u subsection 7d7 or loan "u    
subsection 7a7 %all n be con/ru$ z to   
prohibit receipt ( any o!r ,f$]al grant1
 loan1 or aid4  7f7 ,taxability ,=      
purposes ( ! ,int]nal ,rev5ue ,code (   
#aihf-- 7#a7 any am\nt :i* w\ld be      
includible 9 gross income ( ! bord]     
bus9ess by reason ( =giv5ess describ$ 9 
subsection 7d7 %all be exclud$ f gross  
income2 &  7#b7 any am\nt receiv$ "u ?is
 section %all be exclud$ f gross income4

  7g7 ,direct appropriation ,!re is     
appropriat$1 out ( any am\nts 9 !       
,treasury n o!rwise appropriat$1        
#a1jjj1jjj1jjj1 to rema9 available until
 ,decemb] #ca1 #bjba1 to c>ry out !     
requirem5ts ( ?is ,act4  7h7 ,def9itions
 ,9 ?is section3 7#a7 ,adm9i/rator ,!   
t]m ,adm9i/rator means ! ,adm9i/rator ( 
! ,small ,bus9ess ,adm9i/ration4  7#b7  
,bord] bus9ess ,! t]m bord] bus9ess     
means an entity eligible = a loan "u    
section #g7;b77#b7 ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 t--   
7,a7 has its pr9cipal (fice locat$ 9 !  
contigu\s ,unit$ ,/ates2  7,b7 has      
e/imat$ or actual annual av]age gross   
receipts less ?an or equal to #ejj1jjj2 
&  7,c7 is locat$ )9 #be miles ( !      
,unit$ ,/ates bord]4