,,ii #aag? ,,congress #a/ ,session ,s4 #bbcc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #bd1 #bjba,mr4 ,blum5?al 7= himself1 ,mrs4 ,blackburn1 ,mr4 ,w>n]1 & ,mr4 ,ka9e7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to e/abli% a grant program = %utt]$ m9or league baseball clubs1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,m9or ,league ,baseball ,relief ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration4 7#b7 ,cov]$ grants ,! t]m cov]$ grant means a grant made "u ?is ,act to an eligible entity4 7#c7 ,cov]$ law ,! t]m cov]$ law means-- 7,a7 ! ,coronavirus ,prep>$ness & ,response ,supplem5tal ,appropriations ,act1 #bjbj 7,public ,law #aaf-abc72 7,b7 ! ,families ,fir/ ,coronavirus ,response ,act 7,public ,law #aaf-abg72 7,c7 ! ,,c>es ,act 7,public ,law #aaf-acf72 7,d7 ! ,pay*eck ,protection ,program & ,heal? ,c>e ,enhancem5t ,act 7,public ,law #aaf-aci2 #acd ,/at4 #fbj72 7,e7 division ,m or ,n ( ! ,consolidat$ ,appropriations ,act1 #bjba 7,public ,law #aaf-bfj72 or 7,f7 ! ,am]ican ,rescue ,plan ,act ( #bjba 7,public ,law #aag-b74 7#d7 ,cov]$ mortgage obligation2 cov]$ r5t obligation2 cov]$ utility paym5t2 cov]$ work] protection exp5diture ,! t]ms cov]$ mortgage obligation1 cov]$ r5t obligation1 cov]$ utility paym5t1 & cov]$ work] protection exp5diture h ! mean+s giv5 ^? t]ms 9 section #g;,a7a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcfm7a774 7#e7 ,eligible entity ,! t]m eligible entity means any ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club t meets ! foll[+ requirem5ts3 7,a7 ,! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club 0 op]at+ 9 ! ord9>y c\rse ( bus9ess on ,febru>y #bi1 #bjbj4 7,b7 ,! gross rev5ues ( ! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club 9 cal5d> ye> #bjbj 7 n m ?an #be p]c5t ( ! gross rev5ues ( ! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club 9 cal5d> ye> #bjai1 or1 if ! gross rev5ues ( ! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club 7 negatively impact$ by a natural disa/] or wea!r disruption 9 #bjai1 n m ?an #be p]c5t ( ! av]age annual gross rev5ues ( ! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club ov] ! #c-ye> p]iod f #bjaf ?r\gh #bjah1 z det]m9$ by ! ,adm9i/rator us+ ! accrual me?od ( acc\nt+ & exclud+ any am\nts receiv$ any am\nts receiv$ "u ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijja et seq471 an am5dm5t to su* ,act1 ! ,consolidat$ ,appropriations ,act1 #bjba 7,public ,law #aaf-bfj71 or any subsequ5t ,,covid ,relief package4 7,c7 ,at ! "t ! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club submits ! c]tification requir$ "u section #c7;c71 ! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club is op51 or int5ds to reop51 = ! prim>y purpose ( conduct+ baseball games4 7,d7 ,! ,m9or ,league ,baseball ,club or ,indep5d5t ,pr(essional ,baseball ,club is n majority own$1 directly or indirectly1 by ,major ,league ,baseball1 a ,major ,league ,baseball ,club1 or "o or m p]sons :o h a great] ?an #aj p]c5t own]%ip int]e/ 9 a ,major ,league ,baseball ,club4 7#f7 ,indep5d5t pr(essional baseball club ,! t]m ,indep5d5t ,pr(essional ,baseball ,club means a pr(essional baseball team1 includ+ a pr(essional baseball team t is a corporation1 limit$ liability company1 or a p>tn]%ip or op]at$ z a sole proprietor%ip1 t-- 7,a7 op]ates = pr(it or z a nonpr(it organization2 7,b7 is locat$ 9 ! ,unit$ ,/ates2 & 7,c7 z ( ,febru>y #bi1 #bjbj1 0 a memb] (-- 7i7 ! ,am]ican ,association ( ,pr(essional ,baseball2 7ii7 ! ,atlantic ,league ( ,pr(essional ,baseball2 7iii7 ! ,canadian ,am]ican ,association ( ,pr(essional ,baseball2 7iv7 ! ,empire ,pr(essional ,baseball ,league2 7v7 ! ,fronti] ,league2 7vi7 ! ,pacific ,association ( ,pr(essional ,baseball ,clubs2 7vii7 ! ,pecos ,league ( ,pr(essional ,baseball ,clubs2 7viii7 ! ,unit$ ,%ore ,pr(essional ,baseball ,league2 or 7ix7 ! ,we/]n ,league4 7#g7 ,m9or league baseball club ,! t]m ,m9or ,league ,baseball ,club means a pr(essional baseball team1 includ+ a pr(essional baseball team t is a corporation1 limit$ liability company1 or a p>tn]%ip or op]at$ z a sole proprietor%ip1 t-- 7,a7 op]ates = pr(it or z a nonpr(it organization2 7,b7 is locat$ 9 ! ,unit$ ,/ates2 & 7,c7 7i7 z ( ,febru>y #bi1 #bjbj1 0 a memb] ( a league t 0 a memb] ( ! ,national ,association ( ,pr(essional ,baseball ,leagues1 ,inc42 or 7ii7 has be5 (f]$ & is op]at+ or has agre$ to op]ate "u-- 7,i7 a ,play] ,developm5t ,lic5se grant$ by ,,mlb ,pr(essional ,developm5t ,leagues1 ,,llc2 or 7,,ii7 a lic5se grant$ by ,appala*ian ,league1 ,inc4 7#h7 ,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#cf774 #c4 ,grants = c]ta9 m9or league baseball clubs 7a7 ,9 g5]al ,! ,adm9i/rator %all1 subject to ! availability ( appropriations1 make cov]$ grants to eligible entities 9 accordance ) ?is section4 7b7 ,au?ority ,! ,associate ,adm9i/rator = ! ,(fice ( ,disa/] ,assi/ance ( ! ,small ,bus9ess ,adm9i/ration %all coord9ate & =mulate policies relat+ to ! adm9i/ration ( cov]$ grants4 7c7 ,c]tification ( ne$ ,an eligible entity apply+ = a cov]$ grant %all submit a good fai? c]tification t ! unc]ta9ty ( curr5t economic conditions makes necess>y ! grant to support ! ongo+ op]ations ( ! eligible entity4 7d7 ,multiple bus9ess entities ,! ,adm9i/rator %all treat ea* eligible entity z an indep5d5t1 non-affiliat$ entity = ! purposes ( ?is section4 7e7 ,grant t]ms 7#a7 ,numb] ( grants 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 an eligible entity may receive only #a cov]$ grant4 7,b7 ,supplem5tal grant ,! ,adm9i/rator may make a second cov]$ grant to an eligible entity if1 z ( ,june #cj1 #bjba1 ! gross rev5ues ( su* eligible entity = cal5d> ye> #bjba z ( su* date are n m ?an #cj p]c5t ( ! gross rev5ues ( su* eligible entity = ! correspond+ p]iod ( #bjai1 or1 if ! gross rev5ues ( ! eligible entity 7 negatively impact$ by a natural disa/] or wea!r disruption 9 #bjai1 n m ?an #cj p]c5t ( ! av]age gross rev5ues ( ! eligible entity dur+ ! fir/ #f mon?s ( #bjaf1 #bjag1 & #bjah1 due to ! ,,covid-#ai p&emic4 7#b7 ,am\nt 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 a cov]$ grant %all be 9 an am\nt equal to ! less] (-- 7i7 ! am\nt equal to #de p]c5t ( ! gross rev5ues ( ! eligible entity = #bjai1 or1 if ! gross rev5ues ( ! eligible entity 7 negatively impact$ by a natural disa/] or wea!r disruption 9 #bjai1 equal to #de p]c5t ( ! av]age annual gross rev5ues ( ! eligible entity ov] ! #c-ye> p]iod f #bjaf ?r\gh #bjah1 :i* %all include ! gross rev5ues ( all subsidi>ies & o!r relat$ entities t are consolidat$ ) ! gross rev5ues ( ! eligible entity 9 a f9ancial /atem5t prep>$ 9 accordance ) g5]ally accept$ acc\nt+ pr9ciples = su* eligible entity = su* ye>2 or 7ii7 #aj1jjj1jjj4 7,b7 ,supplem5t grant am\nt ,a cov]$ grant made pursuant to p>agraph 7#a77;,b7 %all be 9 an am\nt equal to #ej p]c5t ( ! fir/ cov]$ grant receiv$ by ! eligible entity4 7#c7 ,grant aggregate maximum ,! total am\nt ( cov]$ grants receiv$ by an eligible entity may n exce$ #aj1jjj1jjj4 7#d7 ,use ( funds 7,a7 ,tim+ 7i7 ,exp5ses incurr$ 7,i7 ,9 g5]al ,except z provid$ 9 subclause 7,,ii71 am\nts receiv$ "u a cov]$ grant may only be us$ = exp5ses incurr$ dur+ ! p]iod beg9n+ on ,m>* #a1 #bjbj & end+ on ,decemb] #ca1 #bjba4 7,,ii7 ,ext5sion = supplem5tal grants ,if an eligible entity receives a grant "u p>agraph 7#a77;,b71 am\nts receiv$ "u a cov]$ grant may be us$ = co/s incurr$ dur+ ! p]iod beg9n+ on ,m>* #a1 #bjbj & end+ ,septemb] #cj1 #bjbb4 7ii7 ,exp5diture 7,i7 ,9 g5]al ,except z provid$ 9 subclause 7,,ii71 an eligible entity %all return to ! ,adm9i/rator any am\nts receiv$ "u a cov]$ grant t are n exp5d$ on or be=e ! date t is #a ye> aft] ! date ( disbursem5t ( ! cov]$ grant4 7,,ii7 ,ext5sion = supplem5tal grants ,if an eligible entity receives a grant "u p>agraph 7#a77;,b71 ! eligible entity %all return to ! ,adm9i/rator any am\nts receiv$ "u any cov]$ grant t are n exp5d$ on or be=e ! date t is #ah mon?s aft] ! date ( disbursem5t ( ! fir/ cov]$ grant receiv$ by ! eligible entity4 7,b7 ,all[able exp5ses ,an eligible entity may use am\nts receiv$ "u a cov]$ grant =-- 7i7 payroll co/s2 7ii7 paym5ts on any cov]$ r5t obligation or o!r obligation to a public entity f :om ! prim>y v5ue ( ! eligible entity is leas$ or lic5s$2 7iii7 any cov]$ utility paym5t2 7iv7 paym5ts ( int]e/ or pr9cipal due on any cov]$ mortgage obligation2 7v7 paym5ts ( int]e/ or pr9cipal due on any indebt$ness or debt in/rum5t incurr$ 9 ! ord9>y c\rse ( bus9ess t is a liability ( ! eligible entity & 0 9 place or incurr$ prior to ,febru>y #ae1 #bjbj2 7vi7 cov]$ work] protection exp5ditures2 7vii7 paym5ts made to indep5d5t contractors1 z report$ on ,=m-#ajii ,,misc1 n to exce$ a total ( #ajj1jjj 9 annual comp5sation = any individual employee ( an indep5d5t contractor2 & 7viii7 o!r ord9>y & necess>y bus9ess exp5ses1 includ+-- 7,i7 ma9t5ance exp5ses2 7,,ii7 adm9i/rative co/s1 includ+ fees & lic5s+ co/s2 7,,iii7 ,/ate & local taxes & fees2 7,,iv7 op]at+ leases 9 effect z ( ,febru>y #ae1 #bjbj2 7,v7 paym5ts requir$ = insurance on any insurance policy2 7,,vi7 settl+ exi/+ debts ) v5dors2 & 7,,vii7 adv]tis+1 production1 transportation1 & capital exp5ditures relat+ to ! prim>y v5ue ( ! eligible entity or ev5ts held at su* v5ue1 except t a grant "u ?is section may n be us$ prim>ily = su* exp5ditures4 7,c7 ,prohibit$ exp5ses ,an eligible entity may n use am\nts receiv$ "u a grant "u ?is section-- 7i7 to pur*ase real e/ate2 7ii7 = paym5ts ( int]e/ or pr9cipal = loans orig9at$ aft] ,febru>y #ae1 #bjbj2 7iii7 to inve/ or re-l5d funds2 7iv7 = contributions or exp5ditures to1 or on behalf (1 any political p>ty1 p>ty committee or c&idate = elective (fice2 or 7v7 = any o!r use z may be reasonably prohibit$ by ! ,adm9i/rator4 7f7 ,increas$ ov]sight ,! ,adm9i/rator %all increase ov]sight ( eligible entities receiv+ cov]$ grants1 :i* may include ! foll[+3 7#a7 ,docum5tation ,additional docum5tation requirem5ts t are consi/5t ) ! eligibility & o!r requirem5ts "u ?is section1 includ+ requir+ an eligible entity t receives a grant "u ?is section to reta9 records t docum5t compliance ) ! requirem5ts = grants "u ?is section-- 7,a7 ) respect to employm5t records1 = ! #d-ye> p]iod foll[+ receipt ( ! grant2 & 7,b7 ) respect to o!r records1 = ! #c-ye> p]iod foll[+ receipt ( ! grant4 7#b7 ,reviews ( use ,reviews ( ! use ( ! grant proce$s by an eligible entity to ensure ! compliance ) requirem5ts e/abli%$ "u ?is section & by ! ,adm9i/rator1 includ+ t ! ,adm9i/rator may-- 7,a7 review & audit grants "u ?is section2 & 7,b7 9 ! case ( fraud ( o!r mat]ial noncompliance ) respect to a grant "u ?is section-- 7i7 require repaym5t ( missp5t funds2 or 7ii7 pursue legal action to collect funds4 7g7 ,ov]sight & audit plan 7#a7 ,9 g5]al ,n lat] ?an #de 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 an audit plan t details-- 7,a7 ! policies & proc$ures ( ! ,adm9i/rator = conduct+ ov]sight & audits ( cov]$ grants2 & 7,b7 ! metrics t ! ,adm9i/rator %all use to det]m9e :i* cov]$ grants w be audit$ pursuant to subsection 7f74 7#b7 ,report ,n lat] ?an #fj days aft] ! date ( enactm5t ( ?is ,act1 & ea* mon? !reaft] until ! date t is #a ye> aft] ! date on :i* all am\nts appropriat$ to make cov]$ grants h be5 exp5d$1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report on ! ov]sight & audit activities ( ! ,adm9i/rator "u ?is subsection1 :i* %all include-- 7,a7 ! total numb] ( cov]$ grants approv$ & disburs$2 7,b7 ! total am\nt ( cov]$ grants receiv$ by ea* eligible entity2 7,c7 ! numb] ( active inve/igations & audits ( cov]$ grants2 7,d7 ! numb] ( complet$ reviews & audits ( cov]$ grants1 includ+ a description ( any f9d+s ( fraud or o!r mat]ial non-compliance2 & 7,e7 any sub/antial *anges made to ! ov]sight & audit plan submitt$ "u p>agraph 7#a74 7h7 ,tax treatm5t ( cov]$ loans 7#a7 ,9 g5]al ,= ! purposes ( ! ,int]nal ,rev5ue ,code ( #aihf-- 7,a7 no cov]$ grant %all be includ$ 9 ! gross income ( ! eligible entity t receives su* cov]$ grant2 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 su* a cov]$ grant-- 7i7 any am\nt exclud$ f income by reason ( subp>agraph 7,a7 %all be treat$ z tax exempt income = purposes ( sections #gje & #acff ( ! ,int]nal ,rev5ue ,code ( #aihf2 & 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 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#b7 ,applicability ,p>agraph 7#a7 %all apply to taxable ye>s end+ aft] ! date ( enactm5t ( ?is ,act4 7i7 ,fund+ ,not)/&+ any provision ( cov]$ law1 f any funds appropriat$ "u su* a law t h n be5 obligat$ z ( ! date ( enactm5t ( ?is ,act & are no long] be+ us$ to c>ry out ! activities "u su* a law1 ! rema9+ funds or #eej1jjj1jjj1 :i*ev] is great]1 b 9 any case n m ?an #eej1jjj1jjj1 %all be allocat$ to ! ,adm9i/rator to c>ry out ?is section1 ( :i* n m ?an #ej1jjj1jjj %all be allocat$ to ,indep5d5t ,pr(essional ,baseball ,clubs4