,,ii #aahth ,,congress #ast ,session ,s4 #caea ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,october #bf1 #bjbc,ms4 ,hirono introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to direct the ,administrator of the ,small ,business ,administration to establish the ,emergency ,micro-enterprise ,recovery ,grant ,pilot ,program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,micro-enterprise ,assistance and ,urgent ,investment for ,supporting ,trade1 ,recovery ,operations1 and ,neighborhood ,growth ,act or the ,,maui ,,strong ,act4 #b4 ,emergency ,micro-enterprise ,recovery ,grant ,pilot ,program 7a7 ,definitions ,in this section3 7#a7 ,administrator ,the term ,administrator means the ,administrator of the ,small ,business ,administration4 7#b7 ,covered period ,the term covered period means the period beginning on ,august #a1 #bjbc1 and ending on ,december #ca1 #bjbd4 7#c7 ,eligible entity ,the term eligible entity means an entity operating on or after ,august #h1 #bjbc1 on the island of ,maui that-- 7,a7 is a private nonprofit organization2 or 7,b7 experienced revenue loss between ,august #h1 #bjbc1 and ,december #ca1 #bjbc1 and is-- 7i7 a small agricultural cooperative 7as defined in section #c7;j7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7;j7772 7ii7 a business with not more than #be employees2 7iii7 any individual who operates under a sole proprietorship or as an independent contractor2 or 7iv7 a corporation-- 7,i7 all of the stock of which is owned by an employee stock ownership plan 7as defined in section #dige7;e77#g7 of the ,internal ,revenue ,code of #aihf72 and 7,,ii7 with not more than #ajj employees4 7#d7 ,program ,the term program means the ,emergency ,micro-enterprise ,recovery ,grant ,pilot ,program established under this section4 7b7 ,establishment ,not later than #fj days after the date of enactment of this ,act1 the ,administrator shall establish the ,emergency ,micro-enterprise ,recovery ,grant ,pilot ,program to award grants to eligible entities during the covered period4 7c7 ,verification ,to receive a grant under this section1 an eligible entity shall submit to the ,administrator an application at such time and in such manner as the ,administrator may reasonably require1 which shall contain a self-certification to verify that the entity submitting the application is an eligible entity4 7d7 ,order of consideration ,the ,administrator shall consider an application for a grant under this section in the order in which the application is received4 7e7 ,amount ,the amount of a grant provided to an eligible entity under this section may not exceed #bj1jjj4 7f7 ,use of funds ,an eligible entity receiving a grant under this section shall use the grant amounts to-- 7#a7 address any allowable purpose for a loan made under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b772 7#b7 maintain payroll2 7#c7 purchase materials or equipment2 7#d7 make rent or mortgage payments2 or 7#e7 pay for obligations that cannot be met due to revenue losses4 7g7 ,termination ,the authority to award grants under this section shall terminate on ,december #ca1 #bjbd4 7h7 ,report ,not later than #b years after the date of enactment of this ,act1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a report evaluating the impact of the program4 7i7 ,tax exemption ,for purposes of the ,internal ,revenue ,code of #aihf-- 7#a7 any grant made under this section shall not be included in the gross income of the person that receives that grant2 and 7#b7 no deduction shall be denied1 no tax attribute shall be reduced1 and no basis increase shall be denied by reason of the exclusion from gross income provided under paragraph 7#a7 of this subsection4 7j7 ,authorization of appropriations ,there is authorized to be appropriated to the ,administrator #cj1jjj1jjj to carry out this section4