,,ii  #aah? ,,congress  #a/ ,session    
,s4 #caea  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #bf1 #bjbc,ms4 
,hirono introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to direct !        
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration to e/abli% ! ,em]g5cy     
,micro-ent]prise ,recov]y ,grant ,pilot 
,program1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z !         
,micro-ent]prise ,assi/ance & ,urg5t    
,inve/m5t = ,support+ ,trade1 ,recov]y  
,op]ations1 & ,neighborhood ,gr[? ,act  
or ! ,,maui ,,/rong ,act4  #b4 ,em]g5cy 
,micro-ent]prise ,recov]y ,grant ,pilot 
,program  7a7 ,def9itions ,9 ?is        
section3 7#a7 ,adm9i/rator ,! t]m       
,adm9i/rator means ! ,adm9i/rator ( !   
,small ,bus9ess ,adm9i/ration4  7#b7    
,cov]$ p]iod ,! t]m cov]$ p]iod means ! 
p]iod beg9n+ on ,augu/ #a1 #bjbc1 & end+
 on ,decemb] #ca1 #bjbd4  7#c7 ,eligible
 entity ,! t]m eligible entity means an 
entity op]at+ on or aft] ,augu/ #h1     

#bjbc1 on ! isl& ( ,maui t-- 7,a7 is a  
private nonpr(it organization2 or  7,b7 
exp]i5c$ rev5ue loss betwe5 ,augu/ #h1  
#bjbc1 & ,decemb] #ca1 #bjbc1 & is-- 7i7
 a small agricultural coop]ative 7z     
def9$ 9 section #c7;j7 ( ! ,small       
,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7;j7772
  7ii7 a bus9ess ) n m ?an #be          
employees2  7iii7 any individual :o     
op]ates "u a sole proprietor%ip or z an 
indep5d5t contractor2 or  7iv7 a        
corporation-- 7,i7 all ( ! /ock ( :i* is
 own$ by an employee /ock own]%ip plan  
7z def9$ 9 section #dige7;e77#g7 ( !    
,int]nal ,rev5ue ,code ( #aihf72 &      
7,,ii7 ) n m ?an #ajj employees4  7#d7  
,program ,! t]m program means ! ,em]g5cy
 ,micro-ent]prise ,recov]y ,grant ,pilot
 ,program e/abli%$ "u ?is section4  7b7 
,e/abli%m5t ,n lat] ?an #fj days aft] ! 
date ( enactm5t ( ?is ,act1 !           
,adm9i/rator %all e/abli% ! ,em]g5cy    
,micro-ent]prise ,recov]y ,grant ,pilot 
,program to aw>d grants to eligible     
entities dur+ ! cov]$ p]iod4  7c7       

,v]ification ,to receive a grant "u ?is 
section1 an eligible entity %all submit 
to ! ,adm9i/rator an application at su* 
"t & 9 su* mann] z ! ,adm9i/rator may   
reasonably require1 :i* %all conta9 a   
self-c]tification to v]ify t ! entity   
submitt+ ! application is an eligible   
entity4  7d7 ,ord] ( consid]ation ,!    
,adm9i/rator %all consid] an application
 = a grant "u ?is section 9 ! ord] 9 :i*
 ! application is receiv$4  7e7 ,am\nt  
,! am\nt ( a grant provid$ to an        
eligible entity "u ?is section may n    
exce$ #bj1jjj4  7f7 ,use ( funds ,an    
eligible entity receiv+ a grant "u ?is  
section %all use ! grant am\nts to--    
7#a7 address any all[able purpose = a   
loan made "u section #g7;b77#b7 ( !     
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;b77#b772  7#b7 ma9ta9 payroll2    
7#c7 pur*ase mat]ials or equipm5t2  7#d7
 make r5t or mortgage paym5ts2 or  7#e7 
pay = obligations t _c be met due to    
rev5ue losses4  7g7 ,t]m9ation ,!       
au?ority to aw>d grants "u ?is section  

%all t]m9ate on ,decemb] #ca1 #bjbd4    
7h7 ,report ,n lat] ?an #b ye>s aft] !  
date ( enactm5t ( ?is ,act1 !           
,adm9i/rator %all submit to ! ,committee
 on ,small ,bus9ess & ,entrepr5eur%ip ( 
! ,s5ate & ! ,committee on ,small       
,bus9ess ( ! ,h\se ( ,repres5tatives a  
report evaluat+ ! impact ( ! program4   
7i7 ,tax exemption ,= purposes ( !      
,int]nal ,rev5ue ,code ( #aihf-- 7#a7   
any grant made "u ?is section %all n be 
includ$ 9 ! gross income ( ! p]son t    
receives t grant2 &  7#b7 no d$uction   
%all be d5i$1 no tax attribute %all be  
r$uc$1 & no basis increase %all be d5i$ 
by reason ( ! exclusion f gross income  
provid$ "u p>agraph 7#a7 ( ?is          
subsection4  7j7 ,au?orization (        
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,adm9i/rator           
#cj1jjj1jjj to c>ry out ?is section4