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Full 2 trillion dollar bill 8news.org hard hitting news

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BILLS-116s3548is

 

This is the full 2 trillion dollar bill that was passed from our united states to stimulate the economy

 

A BILL
To provide emergency assistance and health care response
for individuals, families, and businesses affected by the
2020 coronavirus pandemic.
1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Coronavirus Aid, Re5 lief, and Economic Security Act’’ or the ‘‘CARES Act’’.
6 SEC. 2. TABLE OF CONTENTS.
7 The table of contents for this Act is as follows:
Sec. 1. Short title.
Sec. 2. Table of contents.
DIVISION A—SMALL BUSINESS INTERRUPTION LOANS
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Sec. 1101. Definitions.
Sec. 1102. 7(a) loan program.
Sec. 1103. Entrepreneurial development.
Sec. 1104. Waiver of matching funds requirement under the women’s business
center program.
Sec. 1105. Loan forgiveness.
Sec. 1106. Direct appropriations.
Sec. 1107. Minority business development agency.
Sec. 1108. Waiver of prepayment penalty.
Sec. 1109. United States Treasury Program Management Authority.
DIVISION B—RELIEF FOR INDIVIDUALS, FAMILIES, AND
BUSINESSES
TITLE I—REBATES AND OTHER INDIVIDUAL PROVISIONS
Sec. 2101. 2020 recovery rebates for individuals.
Sec. 2102. Delay of certain deadlines.
Sec. 2103. Special rules for use of retirement funds.
Sec. 2104. Allowance of partial above the line deduction for charitable contributions.
Sec. 2105. Modification of limitations on charitable contributions during 2020.
TITLE II—BUSINESS PROVISIONS
Sec. 2201. Delay of estimated tax payments for corporations.
Sec. 2202. Delay of payment of employer payroll taxes.
Sec. 2203. Modifications for net operating losses.
Sec. 2204. Modification of limitation on losses for taxpayers other than corporations.
Sec. 2205. Modification of credit for prior year minimum tax liability of corporations.
Sec. 2206. Modification of limitation on business interest.
Sec. 2207. Technical amendments regarding qualified improvement property.
Sec. 2208. Installments not to prevent credit or refund of overpayments or increase estimated taxes.
Sec. 2209. Restoration of limitation on downward attribution of stock ownership in applying constructive ownership rules.
DIVISION C—ASSISTANCE TO SEVERELY DISTRESSED SECTORS
OF THE UNITED STATES ECONOMY
TITLE I—ECONOMIC STABILIZATION
Sec. 3101. Short title.
Sec. 3102. Emergency relief through loans and loan guarantees.
Sec. 3103. Limitation on certain employee compensation.
Sec. 3104. Continuation of certain air service.
Sec. 3105. Reports.
Sec. 3106. Coordination with Secretary of Transportation.
Sec. 3107. Definitions.
Sec. 3108. Rule of construction.
TITLE II—AVIATION EXCISE TAXES
Sec. 3201. Suspension of certain aviation excise taxes.
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DIVISION D—HEALTH CARE RESPONSE
TITLE I—HEALTH PROVISIONS
Subtitle A—Addressing Supply Shortages
PART I—MOVING THE STRATEGIC NATIONAL STOCKPILE TO ASPR
Sec. 4101. Moving the strategic national stockpile to ASPR.
PART II—MEDICAL PRODUCT SUPPLIES
Sec. 4111. National Academies report on America’s medical product supply
chain security.
Sec. 4112. Requiring the strategic national stockpile to include certain types of
medical supplies.
Sec. 4113. Treatment of respiratory protective devices as covered countermeasures.
PART III—MITIGATING EMERGENCY DRUG SHORTAGES
Sec. 4121. Prioritize reviews of drug applications; incentives.
Sec. 4122. Additional manufacturer reporting requirements in response to drug
shortages.
Sec. 4123. GAO report on intra-agency coordination.
Sec. 4124. Report.
Sec. 4125. Safe harbor provision.
PART IV—PREVENTING ESSENTIAL MEDICAL DEVICE SHORTAGES
Sec. 4131. Discontinuance or interruption in the production of medical devices.
Sec. 4132. GAO report on intra-agency coordination.
PART V—EMERGENCY USE OF LABORATORY DEVELOPED TESTS
Sec. 4141. Emergency use of laboratory developed tests.
Subtitle B—Access to Health Care for COVID-19 Patients
PART I—COVERAGE OF TESTING AND PREVENTIVE SERVICES
Sec. 4201. Coverage of diagnostic testing for COVID-19.
Sec. 4202. Pricing of diagnostic testing.
Sec. 4203. Rapid coverage of preventive services and vaccines for coronavirus.
PART II—SUPPORT FOR HEALTH CARE PROVIDERS
Sec. 4211. Supplemental awards for health centers.
Sec. 4212. Allowing permanent direct hire of NDMS health care professionals.
Sec. 4213. Telehealth network and telehealth resource centers grant programs.
Sec. 4214. Rural health care services outreach, rural health network development, and small health care provider quality improvement
grant programs.
Sec. 4215. United States Public Health Service Modernization.
Sec. 4216. Limitation on liability for volunteer health care professionals during
covid-19 emergency response.
PART III—MISCELLANEOUS PROVISIONS
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Sec. 4221. Confidentiality and disclosure of records relating to substance use
disorder.
Sec. 4222. Nutrition services.
Sec. 4223. Guidance on protected health information.
Sec. 4224. Reauthorization of healthy start program.
Subtitle C—Innovation
Sec. 4301. Removing the cap on OTA.
Sec. 4302. Extending the priority review program for agents that present national security threats.
Sec. 4303. Priority zoonotic animal drugs.
Subtitle D—Finance Committee
Sec. 4401. Exemption for telehealth services.
Sec. 4402. Inclusion of certain over-the-counter medical products as qualified
medical expenses.
Sec. 4403. Treatment of direct primary care service arrangements.
Sec. 4404. Increasing Medicare telehealth flexibilities during emergency period.
Sec. 4405. Enhancing Medicare telehealth services for Federally qualified
health centers and rural health clinics during emergency period.
Sec. 4406. Temporary waiver of requirement for face-to-face visits between
home dialysis patients and physicians.
Sec. 4407. Improving care planning for Medicare home health services.
Sec. 4408. Adjustment of sequestration.
Sec. 4409. Medicare hospital inpatient prospective payment system add-on payment for covid–19 patients during emergency period.
Sec. 4410. Revising payment rates for durable medical equipment under the
Medicare program through duration of emergency period.
Sec. 4411. Providing home and community-based services in acute care hospitals.
Sec. 4412. Treatment of technology-enabled collaborative learning and capacity
building models as medical assistance.
Sec. 4413. Encouraging the development and use of DISARM antimicrobial
drugs.
Sec. 4414. Novel medical products.
TITLE II—EDUCATION PROVISIONS
Sec. 4501. Short title.
Sec. 4502. Definitions.
Sec. 4503. Campus-based aid waivers.
Sec. 4504. Use of supplemental educational opportunity grants for emergency
aid.
Sec. 4505. Federal work-study during a qualifying emergency.
Sec. 4506. Adjustment of subsidized loan usage limits.
Sec. 4507. Exclusion from Federal Pell Grant duration limit.
Sec. 4508. Institutional refunds and Federal student loan flexibility.
Sec. 4509. Satisfactory progress.
Sec. 4510. Continuing education at affected foreign institutions.
Sec. 4511. National emergency educational waivers.
Sec. 4512. HBCU Capital financing.
Sec. 4513. Temporary relief for federal student loan borrowers.
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Sec. 4514. Provisions related to the Corporation for National and Community
Service.
Sec. 4515. Workforce response activities.
Sec. 4516. Technical amendments.
TITLE III—LABOR PROVISIONS
Sec. 4601. Limitation on paid leave.
Sec. 4602. Emergency Paid Sick Leave Act Limitation.
Sec. 4603. Regulatory Authorities under the Emergency Paid Sick Leave Act.
Sec. 4604. Unemployment insurance.
Sec. 4605. OMB Waiver of Paid Family and Paid Sick Leave.
Sec. 4606. Paid leave for rehired employees.
Sec. 4607. Advance refunding of credits.
DIVISION E—TEMPORARY PERMIT USE TO GUARANTEE MONEY
MARKET MUTUAL FUNDS
Sec. 5001. Non-applicability of restrictions on ESF during national emergency.
DIVISION F—BUDGETARY PROVISIONS
Sec. 6001. Emergency designation.
1 DIVISION A—SMALL BUSINESS
2 INTERRUPTION LOANS
3 SEC. 1101. DEFINITIONS.
4 In this division—
5 (1) the terms ‘‘Administration’’ and ‘‘Adminis6 trator’’ mean the Small Business Administration
7 and the Administrator thereof; and
8 (2) the term ‘‘small business concern’’ has the
9 meaning given the term in section 3 of the Small
10 Business Act (15 U.S.C. 632).
11 SEC. 1102. 7(a) LOAN PROGRAM.
12 (a) DEFINITION OF COVERED PERIOD.—In this sec13 tion, the term ‘‘covered period’’ means the period begin14 ning on March 1, 2020 and ending on December 31, 2020.
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1 (b) INCREASED ELIGIBILITY FOR CERTAIN SMALL
2 BUSINESSES AND ORGANIZATIONS.—
3 (1) IN GENERAL.—During the covered period,
4 any business concern, private nonprofit organization,
5 or public nonprofit organization which employs not
6 more than 500 employees shall be eligible to receive
7 a loan made under section 7(a) of the Small Busi8 ness Act (15 U.S.C. 636(a)), in addition to small
9 business concerns.
10 (2) EXCLUSION OF NONPROFITS RECEIVING
11 MEDICAID EXPENDITURES.—Paragraph (1) shall not
12 apply to a nonprofit entity eligible for payment for
13 items or services furnished under a State plan under
14 title XIX of the Social Security Act (42 U.S.C. 1396
15 et seq.) or under a waiver of such plan.
16 (c) MAXIMUM LOAN AMOUNT.—During the covered
17 period, with respect to any loan guaranteed under section
18 7(a) of the Small Business Act (15 U.S.C. 636(a)) for
19 which an application is approved or pending approval on
20 or after the date of enactment of this Act, the maximum
21 loan amount shall be the lesser of—
22 (1) the product obtained by multiplying—
23 (A) the average total monthly payments by
24 the applicant for payroll, mortgage payments,
25 rent payments, and payments on any other debt
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1 obligations incurred during the 1 year period
2 before the date on which the loan is made, ex3 cept that, in the case of an applicant that is
4 seasonal employer, as determined by the Ad5 ministrator, the average total monthly pay6 ments for payroll shall be for the period begin7 ning March 1, 2019 and ending June 30, 2019;
8 by
9 (B) 4; or
10 (2) $10,000,000.
11 (d) ALLOWABLE USES OF PROGRAM LOANS.—
12 (1) IN GENERAL.—During the covered period, a
13 recipient of a loan made under section 7(a) of the
14 Small Business Act (15 U.S.C. 636(a)) (including a
15 recipient of assistance under the Community Advan16 tage Pilot Program of the Administration) may, in
17 addition to the allowable uses of such a loan, use the
18 proceeds of the loan for—
19 (A) payroll support, including paid sick,
20 medical, or family leave, and costs related to
21 the continuation of group health care benefits
22 during those periods of leave;
23 (B) employee salaries;
24 (C) mortgage payments;
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1 (D) rent (including rent under a lease
2 agreement);
3 (E) utilities; and
4 (F) any other debt obligations that were
5 incurred before the covered period.
6 (2) DELEGATED AUTHORITY.—
7 (A) IN GENERAL.—For purposes of mak8 ing loans for the purposes described in para9 graph (1), a lender under section 7(a) of the
10 Small Business Act (15 U.S.C. 636(a)) shall be
11 considered to have delegated authority to make
12 and approve loans under such section 7(a)
13 based on an evaluation of the eligibility of the
14 borrower.
15 (B) CONSIDERATIONS.—In evaluating the
16 eligibility of a borrower for a loan under section
17 7(a) of the Small Business Act (15 U.S.C.
18 636(a)) with the terms described in this sub19 section and subsection (c), a lender shall only
20 consider whether the borrower—
21 (i) was in operation on March 1,
22 2020; and
23 (ii) had employees for whom the bor24 rower paid salaries and payroll taxes.
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1 (3) LIMITATION.—A borrower that receives as2 sistance under section 7(b)(2) of the Small Business
3 Act (15 U.S.C. 636(b)(2)) related to COVID–19 for
4 purposes of paying payroll and providing payroll
5 support shall not be eligible for a loan described in
6 paragraph (1) for the same purpose.
7 (e) FEE WAIVER FOR 7(A) LOANS.—During the cov8 ered period, with respect to each loan guaranteed under
9 section 7(a) of the Small Business Act (15 U.S.C.
10 636(a))—
11 (1) in lieu of the fee otherwise applicable under
12 section 7(a)(23)(A) of the Small Business Act (15
13 U.S.C. 636(a)(23)(A)), the Administrator shall col14 lect no fee or reduce fees to the maximum extent
15 possible; and
16 (2) for which the application is approved on or
17 after the date of enactment of this Act, the Adminis18 trator shall, in lieu of the fee otherwise applicable
19 under section 7(a)(18)(A) of the Small Business Act
20 (15 U.S.C. 636(a)(18)(A)), collect no fee or reduce
21 fees to the maximum extent possible.
22 (f) GUARANTEE AMOUNT FOR 7(A) LOANS.—
23 (1) IN GENERAL.—Section 7(a)(2)(A) of the
24 Small Business Act (15 U.S.C. 636(a)(2)(A)) is
25 amended by striking ‘‘equal to—’’ and all that fol

 

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