,,ib ,union ,cal5d> ,no4 #adg #aah?     
,,congress  #a/ ,session  ,h4 ,r4 #dffg 
,report ,no4 #aah-ahd ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,july #ag1 #bjbc,ms4 
,salaz> 7= h]self & ,mr4 ,mc,garvey7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,small ,bus9ess        
,septemb] #a1 #bjbc;,additional sponsor3
 ,mr4 ,la,lota  ,septemb] #a1           
#bjbc,report$ f ! ,committee on ,small  
,bus9ess2 committ$ to ! ,committee ( !  
,:ole ,h\se on ! ,/ate ( ! ,union &     
ord]$ to be printed,strike out all aft] 
! enact+ clause & ins]t ! "p pr9t$ 9    
italic  ,a ,,bill  ,to require !        
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration to issue guidance & rules 
= l5d]s & ! ,small ,bus9ess             
,adm9i/ration on h&l+ am\nts ( ,pay*eck 
,protection ,loans return$ by borr[]s1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,return+ ,errone\s 
,,covid ,loans ,address+ ,illegal &     
,misappropriat$ ,taxpay] ,funds ,act or 
! ,,reclaim ,taxpay] ,funds ,act4  #b4  

,pay*eck ,protection ,loan return       
guidance  7a7 ,9 g5]al ,n lat] ?an #cj  
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,adm9i/rator ( ! ,small ,bus9ess
 ,adm9i/ration %all issue guidance =    
borr[]s & l5d]s on return+ any unus$    
am\nts ( ,,ppp loans made to ! borr[]4  
7b7 ,guidance requirem5ts ,! guidance   
requir$ by subsection 7a7 %all include--
 7#a7 detail$ guidance = borr[]s on h[  
to return to ! l5d] t made a ,,ppp loan 
to ! borr[] ! unus$ am\nts ( su* ,,ppp  
loan2  7#b7 detail$ guidance = l5d]s    
reg>d+ ! responsibilities ( l5d]s1      
includ+ t a l5d] mu/-- 7,a7 accept !    
return ( any unus$ am\nts ( any ,,ppp   
loan f a borr[] or any o!r s\rce        
7includ+ law en=cem5t7 if ! l5d] made   
su* ,,ppp loan2  7,b7 docum5t ! reason =
 ! return ( su* unus$ am\nts1 !         
id5tification numb] ( ! ,,ppp loan1 ! "n
 ( ! borr[] ( ! ,,ppp loan1 & ! "n ( !  
p]son return+ su* unus$ am\nts if       
diff]5t ?an ! borr[]2  7,c7 remit su*   
unus$ am\nts to ! ,adm9i/ration2  7,d7  

make ! guidance describ$ 9 p>agraph 7#a7
 available to borr[]s describ$ 9 su*    
p>agraph2 &  7,e7 if ! l5d] made a ,,ppp
 loan1 p]iodically c]tify t ! l5d] has  
report$ & return$ to ! ,adm9i/ration all
 unus$ am\nts ( ,,ppp loans return$ to !
 l5d]2  7#c7 detail$ guidance = f9ancial
 in/itutions hold+ funds f a ,,ppp loan 
on ! proc$ure = return+ su* funds to !  
,adm9i/ration if ! f9ancial in/itution  
suspects ! borr[] may be committ+ fraud 
) respect to ! ,,ppp loan or any o!r    
issue = :i* ! f9ancial in/itution %\ld  
return ! funds ! ,adm9i/ration2 &  7#d7 
detail$ guidance = borr[]s & l5d]s (    
,,ppp loans1 f9ancial in/itutions       
describ$ 9 p>agraph 7#c71 & o!r relevant
 individuals & entities on comply+ ) !  
requirem5t to report to ! ,(fice ( !    
,inspector ,g5]al = ! ,small ,bus9ess   
,adm9i/ration any in=mation indicat+ !  
occurr5ce ( fraud ) respect to a ,,ppp  
loan4  #c4 ,returns h&l+ process  7a7 ,9
 g5]al ,n lat] ?an #cj days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,adm9i/rator 

( ! ,small ,bus9ess ,adm9i/ration %all  
issue guidance e/abli%+ a process = !   
,small ,bus9ess ,adm9i/ration to track  
am\nts ( ,,ppp loans return$ to mitigate
 ! risk ( f9ancial loss to ! ,f$]al     
,gov]nm5t4  7b7 ,returns h&l+ process   
requirem5ts ,! process e/abli%$ "u      
subsection 7a7 %all require-- 7#a7 !    
,adm9i/ration to accept returns ( unus$ 
am\nts ( ,,ppp loans2 &  7#b7 !         
,adm9i/rator to deposit 9 ! g5]al fund (
 ! ,treasury ! unus$ am\nts ( ,,ppp     
loans return$ to ! ,adm9i/ration4  #d4  
,def9itions ,9 ?is ,act3 7#a7           
,adm9i/ration ,! t]m ,adm9i/ration means
 ! ,small ,bus9ess ,adm9i/ration4  7#b7 
,adm9i/rator ,! t]m ,adm9i/rator means !
 ,adm9i/ration ( ! ,small ,bus9ess      
,adm9i/ration4  7#c7 ,,ppp loan ,! t]m  
,,ppp loan means a loan made "u p>agraph
 7#cf7 or 7#cg7 ( section #g7;a7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a774  #e4 ,compliance ) ,,cutgo   
,no additional am\nts are au?oriz$ to be
 appropriat$ to c>ry out ?is ,act4 ,su* 

,act %all be c>ri$ out us+ am\nts       
o!rwise appropriat$ to ! ,adm9i/rator ( 
! ,small ,bus9ess ,adm9i/ration4        
,septemb] #a1 #bjbc ,committ$ to !      
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$