,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #fbeb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ac1         
#bjba,mr4 ,nadl] 7= himself1 ,ms4       
,norton1 & ,mrs4 ,c>olyn ,b4 ,maloney ( 
,new ,york7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,small     
,bus9ess  ,a ,,bill  ,to p]mit c]ta9    
bus9esses to select an alt]native cov]$ 
p]iod = loan =giv5ess "u ! ,pay*eck     
,protection ,program & provide c]ta9    
bus9esses additional loan =giv5ess1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,l[-,rev5ue ,recipi5t  
,pay*eck ,protection ,program ,relief   
,act ( #bjba4  #b4 ,l[-rev5ue recipi5t  
loan =giv5ess  7a7 ,9 g5]al ,section    
#g;,a ( ! ,small ,bus9ess ,act 7#ae     
,u4,s4,c4 #fcfm7 is am5d$-- 7#a7 9      
subsection 7i7-- 7,a7 9 p>agraph 7#a71  
by ins]t+ or 7m77#b7 aft] subsection    
7b72 &  7,b7 9 p>agraph 7#c77;,b71 by   
ins]t+ or 7m77#b7 aft] subsection 7b72 &
  7#b7 by add+ at ! end ! foll[+3  7m7  
,l[-,rev5ue recipi5ts loan =giv5ess     

7#a7 ,9 g5]al ,) respect to a cov]$ loan
 receiv$ by a l[-rev5ue recipi5t n lat] 
?an ,decemb] #a1 #bjbj1 & = :i* su*     
l[-rev5ue recipi5t has receiv$ no loan  
=giv5ess "u ?is section1 at ! election (
 su* l[-rev5ue recipi5t1 ! t]m cov]$    
p]iod %all1 = ! purposes ( ?is section1 
mean ! p]iod-- 7,a7 beg9n+ on ! e>li]   
(-- 7i7 ! date select$ by ! l[-rev5ue   
recipi5t2 or  7ii7 ,septemb] #a1 #bjba2 
&  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] ! />t date ( !  
cov]$ p]iod specifi$ 9 subp>agraph 7,a72
 &  7ii7 end+ on ! date t is #bd weeks  
aft] ! />t date ( ! cov]$ p]iod specifi$
 9 su* subp>agraph4  7#b7 ,additional   
loan =giv5ess  7,a7 ,9 g5]al ,a         
l[-rev5ue recipi5t t receiv$ loan       
=giv5ess "u ?is section = a cov]$ loan  
receiv$ n lat] ?an ,decemb] #a1 #bjbj1  
%all be eligible = additional =giv5ess (
 indebt$ness on su* cov]$ loan 9        
accordance ) ?is p>agraph4  7,b7        

,additional =giv5ess calculation ,!     
am\nt ( =giv5ess ( indebt$ness on a     
cov]$ loan = :i* a l[-rev5ue recipi5t is
 eligible "u ?is p>agraph is ! am\nt    
equal to ! diff]5ce betwe5-- 7i7 ! am\nt
 ( =giv5ess ( indebt$ness on su* cov]$  
loan t su* l[-rev5ue recipi5t w\ld be   
eligible = "u ?is section1 z 9 effect on
 ! date on :i* su* l[-rev5ue recipi5t   
applies = loan =giv5ess "u ?is p>agraph1
 if-- 7,i7 su* l[-rev5ue recipi5t _h n  
receiv$ any loan =giv5ess = su* cov]$   
loan "u ?is section2  7,,ii7 = !        
purposes ( ?is section1 ! t]m cov]$     
p]iod meant ! p]iod describ$ 9 p>agraph 
7#a72 &  7,,iii7 = ! purposes (         
p>agraphs 7#e7 & 7#g7 ( subsection 7d71 
su* cov]$ loan 0 made on or aft] ! date 
( ! enactm5t ( ! ,economic ,aid to      
,h>d-,hit ,small ,bus9esses1 ,nonpr(its1
 & ,v5ues ,act 7,public ,law #aaf-bfj2  
#acd ,/at4 #aiic72 &  7ii7 ! am\nt (    
loan =giv5ess = su* cov]$ loan t su*    
l[-rev5ue recipi5t receiv$ "u ?is       
section4  7,c7 ,excess paym5t refund ,if

 ! ,adm9i/rator1 pursuant to loan       
=giv5ess "u ?is p>agraph & 9 accordance 
) subsection 7c77#c71 makes a remittance
 to a l5d] 9 an am\nt exce$+ ! total    
out/&+ balance ( ! applicable cov]$     
loan1 includ+ any accru$ int]e/1 ! l5d] 
%all pay to ! l[-rev5ue recipi5t an     
am\nt equal to su* excess4  7,d7        
,additional =giv5ess limit ,no l[-rev5ue
 recipi5t may receive loan =giv5ess "u  
?is p>agraph m ?an once4  7#c7          
,l[-rev5ue recipi5t def9$ ,9 ?is        
subsection1 ! t]m l[-rev5ue recipi5t    
means an eligible recipi5t t receiv$ a  
cov]$ loan n lat] ?an ,decemb] #a1      
#bjbj1 &-- 7,a7 0 n 9 op]ation dur+ !   
p]iod beg9n+ on ,april #a1 #bjbj1 & end+
 on ,decemb] #ca1 #bjbj2 or  7,b7 dur+  
su* p]iod1 _h gross receipts ( n m ?an  
#bj p]c5t ( ! gross receipts ( su*      
eligible recipi5t dur+ ! correspond+    
p]iod 9 #bjai4  4  7b7 ,regulations ,n  
lat] ?an two weeks aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! 
,small ,bus9ess ,adm9i/ration %all issue

 regulations c>ry+ out subsection 7m7 ( 
section #g;,a ( ! ,small ,bus9ess ,act  
7#ae ,u4,s4,c4 #fcfm71 z add$ by        
subsection 7a7 ( ?is ,act4