r/title-15-COMMERCE-AND-TRADE wiki — defined terms
The statute’s own glossary: every term Title 15 defines, in section order.
“security” applies in that section
The terms “exchange”, “issuer”, and “security” have the meanings given those terms in section 78c(a) of this title . (3) Live venue operator or promoter, theatrical producer, or live performing arts organization operator
“State” applies in that section
The term “State” means— (A) a State; (B) the District of Columbia; (C) the Commonwealth of Puerto Rico; and (D) any other territory or possession of the United States. (10) Talent representative
“talent representative” applies in that section
The term “talent representative”— (A) means an agent or manager that— (i) as not less than 70 percent of the operations of the agent or manager, is engaged in representing or managing artists and entertainers; (ii) books or represents musicians, comedians, actors, or similar performing artists primarily at live events in venues or at festivals; and (iii) represents performers described in clause (ii) that are paid in an amount that is based on the number of tickets sold, or a similar basis; and (B) includes an agent or manager described in subparagraph (A) that— (i) operates for profit; (ii) is a nonprofit organization; (iii) is government-owned; or (iv) is a corporation, limited liability …
“agricultural enterprise” applies in that section
The term “agricultural enterprise” has the meaning given the term in section 647(b) of this title . (2) Covered entity
“covered entity” applies in that section
The term “covered entity”— (A) means an eligible entity that— (i) applies for a loan under section 636(b)(2) of this title during the covered period, including before December 27, 2020 ; (ii) is located in a low-income community; (iii) has suffered an economic loss of greater than 30 percent; and (iv) employs not more than 300 employees; and (B) except with respect to an entity included under section 123.300(c) of title 13, Code of Federal Regulations, or any successor regulation, does not include an agricultural enterprise. (3) Covered period
“covered period” applies in that section
The term “covered period” has the meaning given the term in section 9009(a)(1) of this title , as amended by section 332 of this Act. (4) Economic loss
“economic loss” applies in that section
The term “economic loss” means, with respect to a covered entity— (A) the amount by which the gross receipts of the covered entity declined during an 8-week period between March 2, 2020 , and December 31, 2021 , relative to a comparable 8-week period immediately preceding March 2, 2020 , or during 2019; or (B) if the covered entity is a seasonal business concern, such other amount determined appropriate by the Administrator. (5) Eligible entity
“eligible entity” applies in that section
The term “eligible entity” means an entity that, during the covered period, is eligible for a loan made under section 636(b)(2) of this title , as described in section 9009(b) of this title . (6) Low-income community
“low-income community” applies in that section
The term “low-income community” has the meaning given the term in section 45D(e) of title 26 . (b) Entitlement to full amount (1) In general Subject to paragraph (2), a covered entity, after submitting a request to the Administrator that the Administrator verifies under subsection (c), shall receive a total of $10,000 under section 9009(e) of this title , without regard to whether— (A) the applicable loan for which the covered entity applies or applied under section 636(b)(2) of this title is or was approved; (B) the covered entity accepts or accepted the offer of the Administrator with respect to an approved loan described in subparagraph (A); or (C) the covered entity has previously …
“Administrator” applies in that section
The term “Administrator” means the Administrator of the Small Business Administration. (2) Affiliated business
“affiliated business” applies in that section
The term “affiliated business” means a business in which an eligible entity has an equity or right to profit distributions of not less than 50 percent, or in which an eligible entity has the contractual authority to control the direction of the business, provided that such affiliation shall be determined as of any arrangements or agreements in existence as of March 13, 2020 . (3) Covered period
“covered period” applies in that section
The term “covered period” means the period— (A) beginning on February 15, 2020 ; and (B) ending on December 31, 2021 , or a date to be determined by the Administrator that is not later than 2 years after March 11, 2021 . (4) Eligible entity
“eligible entity” applies in that section
The term “eligible entity”— (A) means a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, brewpub, tasting room, taproom, licensed facility or premise of a beverage alcohol producer where the public may taste, sample, or purchase products, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink; (B) includes an entity described in subparagraph (A) that is located in an airport terminal or that is a Tribally-owned concern; and (C) does not include— (i) an entity described in subparagraph (A) that— (I) is a State or local government-operated business; (II) as of March 13, 2020 , …
“exchange” applies in that section
The terms “exchange”, “issuer”, and “security” have the meanings given those terms in section 78c(a) of this title . (6) Fund
“Fund” applies in that section
The term “Fund” means the Restaurant Revitalization Fund established under subsection (b). (7) Pandemic-related revenue loss
“issuer” applies in that section
The terms “exchange”, “issuer”, and “security” have the meanings given those terms in section 78c(a) of this title . (6) Fund
“pandemic-related revenue loss” applies in that section
The term “pandemic-related revenue loss” means, with respect to an eligible entity— (A) except as provided in subparagraphs (B), (C), and (D), the gross receipts, as established using such verification documentation as the Administrator may require, of the eligible entity during 2020 subtracted from the gross receipts of the eligible entity in 2019, if such sum is greater than zero; (B) if the eligible entity was not in operation for the entirety of 2019— (i) the difference between— (I) the product obtained by multiplying the average monthly gross receipts of the eligible entity in 2019 by 12; and (II) the product obtained by multiplying the average monthly gross receipts of the eligible …
“payroll costs” applies in that section
The term “payroll costs” has the meaning given the term in section 636(a)(36)(A) of this title , except that such term shall not include— (A) qualified wages (as defined in subsection (c)(3) of section 2301 of the CARES Act) taken into account in determining the credit allowed under such section 2301; or (B) premiums taken into account in determining the credit allowed under section 6432 of title 26 . (9) Publicly-traded company
“publicly-traded company” applies in that section
The term “publicly-traded company” means an entity that is majority owned or controlled by an entity that is an issuer, the securities of which are listed on a national securities exchange under section 78f of this title . (10) Tribally-owned concern
“security” applies in that section
The terms “exchange”, “issuer”, and “security” have the meanings given those terms in section 78c(a) of this title . (6) Fund
“Tribally-owned concern” applies in that section
The term “Tribally-owned concern” has the meaning given the term in section 124.3 of title 13, Code of Federal Regulations, or any successor regulation. (b) Restaurant Revitalization Fund (1) In general There is established in the Treasury of the United States a fund to be known as the Restaurant Revitalization Fund. (2) Appropriations (A) In general In addition to amounts otherwise available, there is appropriated to the Restaurant Revitalization Fund for fiscal year 2021, out of any money in the Treasury not otherwise appropriated, $28,600,000,000, to remain available until expended.
“covered loan” applies in that section
the term “covered loan” means a loan that is— (1) guaranteed by the Administration under— (A) section 636(a) of this title — (i) including a loan made under the Community Advantage Pilot Program of the Administration; and (ii) excluding a loan made under paragraph (36) of such section 636(a) of this title , as added by section 1102; or (B) title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.); or (2) made by an intermediary to a small business concern using loans or grants received under section 636(m) of this title .
“Administration” applies in that section
The term “Administration” means the Small Business Administration. (2) Administrator
“Administrator” applies in that section
The term “Administrator” means the Administrator of the Small Business Administration. (3) Community navigator services
“community navigator” applies in that section
The term “community navigator” means a community organization, community financial institution as defined in section 636(a)(36)(A) of this title , or other private nonprofit organization engaged in the delivery of community navigator services. (5) Eligible business
“community navigator services” applies in that section
The term “community navigator services” means the outreach, education, and technical assistance provided by community navigators that target eligible businesses to increase awareness of, and participation in, programs of the Small Business Administration. (4) Community navigator
“eligible business” applies in that section
The term “eligible business” means any small business concern, with priority for small business concerns owned and controlled by women (as defined in section 632(n) of this title ), small business concerns owned and controlled by veterans (as defined in section 632(q) of this title ), and socially and economically disadvantaged small business concerns (as defined in section 637(a)(4)(A) of this title ). (6) Private nonprofit organization
“private nonprofit organization” applies in that section
The term “private nonprofit organization” means an entity that is described in section 501(c) of title 26 and exempt from tax under section 501(a) of such title. (7) Resource partner
“resource partner” applies in that section
The term “resource partner” means— (A) a small business development center (as defined in section 632 of this title ); (B) a women’s business center (as described in section 656 of this title ); and (C) a chapter of the Service Corps of Retired Executives (as defined in section 637(b)(1)(B) of this title ). (8) Small business concern
“small business concern” applies in that section
The term “small business concern” has the meaning given under section 632 of this title . (9) State
“State” applies in that section
The term “State” means a State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, American Samoa, the Commonwealth of the Northern Mariana Islands, and Guam, or an agency, instrumentality, or fiscal agent thereof. (10) Unit of general local government
“unit of general local government” applies in that section
The term “unit of general local government” means a county, city, town, village, or other general purpose political subdivision of a State. (b) Community Navigator pilot program (1) In general The Administrator of the Small Business Administration shall establish a Community Navigator pilot program to make grants to, or enter into contracts or cooperative agreements with, private nonprofit organizations, resource partners, States, Tribes, and units of local government to ensure the delivery of free community navigator services to current or prospective owners of eligible businesses in order to improve access to assistance programs and resources made available because of the COVID–19 …
“covered individual” applies in that section
The term “covered individual”— (A) means an individual who— (i) is not eligible for regular compensation or extended benefits under State or Federal law or pandemic emergency unemployment compensation under section 9025 of this title , including an individual who has exhausted all rights to regular unemployment or extended benefits under State or Federal law or pandemic emergency unemployment compensation under section 9025 of this title ; (ii) provides self-certification that the individual— (I) is otherwise able to work and available for work within the meaning of applicable State law, except the individual is unemployed, partially unemployed, or unable or unavailable to work because— …
“COVID–19” applies in that section
The term “COVID–19” means the 2019 Novel Coronavirus or 2019-nCoV. (2) COVID–19 public health emergency
“COVID–19 public health emergency” applies in that section
The term “COVID–19 public health emergency” means the public health emergency declared by the Secretary of Health and Human Services on January 27, 2020 , with respect to the 2019 Novel Coronavirus. (3) Covered individual
“Secretary” applies in that section
The term “Secretary” means the Secretary of Labor. (5) State
“State” applies in that section
The term “State” includes the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau.
“maximum benefit entitlement” applies in that section
the term “maximum benefit entitlement” means the amount of regular unemployment compensation payable to an individual with respect to the individual’s benefit year. (d) Payments to States (1) In general (A) Full reimbursement There shall be paid to each State which has entered into an agreement under this section an amount equal to 100 percent of— (i) the total amount of Federal Pandemic Unemployment Compensation and Mixed Earner Unemployment Compensation paid to individuals by the State pursuant to such agreement; and (ii) any additional administrative expenses incurred by the State by reason of such agreement (as determined by the Secretary).
“actively seeking work” applies in that section
the term “actively seeking work” means, with respect to any individual, that such individual— (i) is registered for employment services in such a manner and to such extent as prescribed by the State agency; (ii) has engaged in an active search for employment that is appropriate in light of the employment available in the labor market, the individual’s skills and capabilities, and includes a number of employer contacts that is consistent with the standards communicated to the individual by the State; (iii) has maintained a record of such work search, including employers contacted, method of contact, and date contacted; and (iv) when requested, has provided such work search record to the …
“maximum benefit entitlement” applies in that section
the term “maximum benefit entitlement” means the amount of regular unemployment compensation payable to an individual with respect to the individual’s benefit year. (7) Actively seeking work (A) In general Subject to subparagraph (C), 2 for purposes of paragraph (2)(D),
“Secretary” applies in that section
The term “Secretary” means the Secretary of Labor. (2) State; State agency; State law
“State” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“State agency” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“State law” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“Secretary” applies in that section
The term “Secretary” means the Secretary of Labor. (2) State; State agency; State law
“State” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“State agency” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“State law” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“Secretary” applies in that section
The term “Secretary” means the Secretary of Labor. (2) Short-time compensation program
“short-time compensation program” applies in that section
The term “short-time compensation program” has the meaning given such term in section 3306(v) of title 26 . (3) State; State agency; State law
“State” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“State agency” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“State law” applies in that section
The terms “State”, “State agency”, and “State law” have the meanings given those terms in section 205 of the Federal-State Extended Unemployment Compensation Act of 1970 ( 26 U.S.C. 3304 note).
“registration period” applies in that section
the term “registration period” has the meaning given such term under section 1 of the Railroad Unemployment Insurance Act ( 45 U.S.C. 351 ).
“air carrier” applies throughout its part
The term “air carrier” has the meaning such term has under section 40102 of title 49 . (2) Coronavirus
“businesses critical to maintaining national security” applies throughout its part
The term “businesses critical to maintaining national security” means those businesses that manufacture or produce aerospace-related products, civil or defense, including those that design, integrate, assemble, supply, maintain, and repair such products, and other businesses involved in aerospace-related manufacturing or production as further defined by the Secretary, in consultation with the Secretary of Defense and the Secretary of Transportation. For purposes of the preceding sentence, aerospace-related products include, but are not limited to, components, parts, or systems of aircraft, aircraft engines, or appliances for inclusion in an aircraft, aircraft engine, or appliance.
“coronavirus” applies throughout its part
The term “coronavirus” means SARS–CoV–2 or another coronavirus with pandemic potential. (3) Covered loss
“covered loss” applies throughout its part
The term “covered loss” includes losses incurred directly or indirectly as a result of coronavirus, as determined by the Secretary. (4) Eligible business
“eligible business” applies throughout its part
The term “eligible business” means— (A) an air carrier; or (B) a United States business that has not otherwise received adequate economic relief in the form of loans or loan guarantees provided under this Act. (5) Employee Except where the context otherwise requires,
“employee” applies throughout its part
the term “employee”— (A) has the meaning given the term in section 152 of title 29 ; and (B) includes any individual employed by an employer subject to the Railway Labor Act ( 45 U.S.C. 151 et seq.). (6) Equity security; exchange
“equity security” applies throughout its part
The terms “equity security” and “exchange” have the meanings given the terms in section 78c(a) of this title . (7) Municipality
“exchange” applies throughout its part
The terms “equity security” and “exchange” have the meanings given the terms in section 78c(a) of this title . (7) Municipality
“municipality” applies throughout its part
The term “municipality” includes— (A) a political subdivision of a State, and (B) an instrumentality of a municipality, a State, or a political subdivision of a State. (8) National securities exchange
“national securities exchange” applies throughout its part
The term “national securities exchange” means an exchange registered as a national securities exchange under section 78f of this title . (9) Secretary
“Secretary” applies throughout its part
The term “Secretary” means the Secretary of the Treasury, or the designee of the Secretary of the Treasury. (10) State
“State” applies throughout its part
The term “State” means— (A) any of the several States; (B) the District of Columbia; (C) any of the territories and possessions of the United States; (D) any bi-State or multi-State entity; and (E) any Indian Tribe. (11) Aerospace-related businesses critical to maintaining national security
“direct loan” applies in that section
the term “direct loan” means a loan under a bilateral loan agreement that is — (I) entered into directly with an eligible business as borrower; and (II) not part of a syndicated loan, a loan originated by a financial institution in the ordinary course of business, or a securities or capital markets transaction.
“total compensation” applies in that section
the term “total compensation” includes salary, bonuses, awards of stock, and other financial benefits provided by an eligible business to an officer or employee of the eligible business.
“excise tax holiday period” applies in that section
the term “excise tax holiday period” means the period beginning after March 27, 2020 , and ending before January 1, 2021 .
“covered period” applies in that section
the term “covered period” means the period beginning on March 27, 2020 , and ending on the sooner of— (1) the termination date of the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ( 50 U.S.C. 1601 et seq.); or (2) December 31, 2020 .
“appropriate Federal banking agency” applies in that section
the term “appropriate Federal banking agency” has the meaning given the term in section 2 of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( 12 U.S.C. 5365 note); and;
“Community Bank Leverage Ratio” applies in that section
the terms “Community Bank Leverage Ratio” and “qualifying community bank” have the meanings given the terms in section 201(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( 12 U.S.C. 5371 note). (b) Interim rule (1) In general Notwithstanding any other provision of law or regulation, the appropriate Federal banking agencies shall issue an interim final rule that provides that, for the purposes of section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( 12 U.S.C.
“qualifying community bank” applies in that section
the terms “Community Bank Leverage Ratio” and “qualifying community bank” have the meanings given the terms in section 201(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( 12 U.S.C. 5371 note). (b) Interim rule (1) In general Notwithstanding any other provision of law or regulation, the appropriate Federal banking agencies shall issue an interim final rule that provides that, for the purposes of section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( 12 U.S.C.
“applicable period” applies in that section
The term “applicable period” means the period beginning on March 1, 2020 and ending on the earlier of January 1, 2022 , or the date that is 60 days after the date on which the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) terminates. (2) Appropriate federal banking agency
“appropriate Federal banking agency” applies in that section
The term “appropriate Federal banking agency”— (A) has the meaning given the term in section 1813 of title 12 ; and (B) includes the National Credit Union Administration. (b) Suspension (1) In general During the applicable period, a financial institution, including an insurance company, may elect to— (A) suspend the requirements under United States generally accepted accounting principles for loan modifications related to the coronavirus disease 2019 (COVID–19) pandemic that would otherwise be categorized as a troubled debt restructuring; and (B) suspend any determination of a loan modified as a result of the effects of the coronavirus disease 2019 (COVID–19) pandemic as being a troubled …
“appropriate Federal banking agency” applies in that section
The term “appropriate Federal banking agency”— (A) has the meaning given the term in section 1813 of title 12 ; and (B) includes the National Credit Union Administration. (2) Insured depository institution
“insured depository institution” applies in that section
The term “insured depository institution”— (A) has the meaning given the term in section 1813 of title 12 ; and (B) includes a credit union. (b) Temporary relief from CECL standards Notwithstanding any other provision of law, no insured depository institution, bank holding company, or any affiliate thereof shall be required to comply with the Financial Accounting Standards Board Accounting Standards Update No.
“controlling interest” applies in that section
The term “controlling interest” means owning, controlling, or holding not less than 20 percent, by vote or value, of the outstanding amount of any class of equity interest in an entity. (2) Covered entity
“covered entity” applies in that section
The term “covered entity” means an entity in which a covered individual directly or indirectly holds a controlling interest. For the purpose of determining whether an entity is a covered entity, the securities owned, controlled, or held by 2 or more individuals who are related as described in paragraph (3)(B) shall be aggregated. (3) Covered individual
“covered individual” applies in that section
The term “covered individual” means— (A) the President, the Vice President, the head of an Executive department, or a Member of Congress; and (B) the spouse, child, son-in-law, or daughter-in-law, as determined under applicable common law, of an individual described in subparagraph (A). (4) Executive department
“equity interest” applies in that section
The term “equity interest” means— (A) a share in an entity, without regard to whether the share is— (i) transferable; or (ii) classified as stock or anything similar; (B) a capital or profit interest in a limited liability company or partnership; or (C) a warrant or right, other than a right to convert, to purchase, sell, or subscribe to a share or interest described in subparagraph (A) or (B), respectively. (b) Prohibition Notwithstanding any other provision of this part, no covered entity may be eligible for any transaction described in section 9042 of this title .
“Executive department” applies in that section
The term “Executive department” has the meaning given the term in section 101 of title 5 . (5) Member of Congress
“member of Congress” applies in that section
The term “member of Congress” means a member of the Senate or House of Representatives, a Delegate to the House of Representatives, and the Resident Commissioner from Puerto Rico. (6) Equity interest
“COVID–19 emergency” applies in that section
The term “COVID–19 emergency” means the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ( 50 U.S.C. 1601 et seq.). (2) Federally backed mortgage loan
“Federally backed mortgage loan” applies in that section
The term “Federally backed mortgage loan” includes any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1- to 4- families that is— (A) insured by the Federal Housing Administration under title II of the National Housing Act ( 12 U.S.C. 1707 et seq.); (B) insured under section 255 of the National Housing Act ( 12 U.S.C.
“covered period” applies in that section
The term “covered period” means the period beginning on March 27, 2020 , and ending on the sooner of— (A) the termination date of the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ( 50 U.S.C. 1601 et seq.); or (B) December 31, 2020 .
“COVID–19 emergency” applies in that section
The term “COVID–19 emergency” means the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ( 50 U.S.C. 1601 et seq.). (5) Covered period
“Federally backed multifamily mortgage loan” applies in that section
The term “Federally backed multifamily mortgage loan” includes any loan (other than temporary financing such as a construction loan) that— (A) is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of 5 or more families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and (B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the Secretary of Housing and Urban …
“multifamily borrower” applies in that section
the term “multifamily borrower” means a borrower of a residential mortgage loan that is secured by a lien against a property comprising 5 or more dwelling units. (4) COVID–19 emergency
“covered dwelling” applies in that section
The term “covered dwelling” means a dwelling that— (A) is occupied by a tenant— (i) pursuant to a residential lease; or (ii) without a lease or with a lease terminable under State law; and (B) is on or in a covered property. (2) Covered property
“covered property” applies in that section
The term “covered property” means any property that— (A) participates in— (i) a covered housing program (as defined in section 12491(a) of title 34 ); or (ii) the rural housing voucher program under section 1490r of title 42 ; or (B) has a— (i) Federally backed mortgage loan; or (ii) Federally backed multifamily mortgage loan. (3) Dwelling
“dwelling” applies in that section
The term “dwelling”— (A) has the meaning given the term in section 3602 of title 42 ; and (B) includes houses and dwellings described in section 3603(b) of title 42 . (4) Federally backed mortgage loan
“Federally backed mortgage loan” applies in that section
The term “Federally backed mortgage loan” includes any loan (other than temporary financing such as a construction loan) that— (A) is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1 to 4 families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and (B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the …
“Federally backed multifamily mortgage loan” applies in that section
The term “Federally backed multifamily mortgage loan” includes any loan (other than temporary financing such as a construction loan) that— (A) is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of 5 or more families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and (B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the Secretary of Housing and Urban …
“area median income” applies in that section
The term “area median income” means, with respect to a household, the median income for the area in which the household is located, as determined by the Secretary of Housing and Urban Development. (2) Eligible grantee
“eligible grantee” applies in that section
The term “eligible grantee” means any of the following: (A) A State (as defined in section 801(g)(4) of title 42 . (B) A unit of local government (as defined in paragraph (5)). (C) An Indian tribe or its tribally designated housing entity (as such terms are defined in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 ( 25 U.S.C. 4103 )) that was eligible to receive a grant under title I of such Act ( 25 U.S.C.
“eligible household” applies in that section
The term “eligible household” means a household of 1 or more individuals who are obligated to pay rent on a residential dwelling and with respect to which the eligible grantee involved determines— (i) that 1 or more individuals within the household has 4 (I) qualified for unemployment benefits or (II) experienced a reduction in household income, incurred significant costs, or experienced other financial hardship due, directly or indirectly, to the novel coronavirus disease (COVID–19) outbreak, which the applicant shall attest in writing; (ii) that 1 or more individuals within the household can demonstrate a risk of experiencing homelessness or housing instability, which may include— (I) a …
“Inspector General” applies in that section
The term “Inspector General” means the Inspector General of the Department of the Treasury. (5) Secretary
“Secretary” applies in that section
The term “Secretary” means the Secretary of the Treasury. (6) Unit of local government
“unit of local government” applies in that section
The term “unit of local government” has the meaning given such term in paragraph (2) of section 801(g) of title 42 , except that, in applying such term for purposes of this section, such paragraph shall be applied by substituting “200,000” for “500,000”. (l) Termination of program The authority of an eligible grantee to make new obligations to provide payments under subsection (c) shall terminate on the date established in subsection (e) for that eligible grantee. Amounts not expended in accordance with this section shall revert to the Department of the Treasury.
“State” applies in that section
the term “State” means each of the 50 States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands.
“eligible grantee” applies in that section
The term “eligible grantee” means any of the following: (A) The 50 States of the United States and the District of Columbia. (B) A unit of local government (as defined in paragraph (5)). (C) The Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa. (2) Eligible household
“eligible household” applies in that section
The term “eligible household” means a household of 1 or more individuals who are obligated to pay rent on a residential dwelling and with respect to which the eligible grantee involved determines that— (A) 1 or more individuals within the household has— (i) qualified for unemployment benefits; or (ii) experienced a reduction in household income, incurred significant costs, or experienced other financial hardship during or due, directly or indirectly, to the coronavirus pandemic; (B) 1 or more individuals within the household can demonstrate a risk of experiencing homelessness or housing instability; and (C) the household is a low-income family (as such term is defined in section 1437a(b) of …
“Inspector General” applies in that section
The term “Inspector General” means the Inspector General of the Department of the Treasury. (4) Secretary
“Secretary” applies in that section
The term “Secretary” means the Secretary of the Treasury. (5) Unit of local government
“unit of local government” applies in that section
The term “unit of local government” has the meaning given such term in section 9058a of this title . (g) Availability Funds provided to an eligible grantee under a payment made under this section shall remain available through September 30, 2025 .
“conforming loan limit” applies in that section
The term “conforming loan limit” means the applicable limitation governing the maximum original principal obligation of a mortgage secured by a single-family residence, a mortgage secured by a 2-family residence, a mortgage secured by a 3-family residence, or a mortgage secured by a 4-family residence, as determined and adjusted annually under section 1717(b)(2) of title 12 and section 1454(a)(2) of title 12 . (2) Dwelling
“dwelling” applies in that section
The term “dwelling” means any building, structure, or portion thereof which is occupied as, or designed or intended for occupancy as, a residence by one or more individuals. (3) Eligible entity
“eligible entity” applies in that section
The term “eligible entity” means— (A) a State; or (B) any entity eligible for payment under subsection (f). (4) Mortgage
“Fund” applies in that section
The term “Fund” means the Homeowner Assistance Fund established under subsection (c). (6) Secretary
“mortgage” applies in that section
The term “mortgage” means any credit transaction— (A) that is secured by a mortgage, deed of trust, or other consensual security interest on a principal residence of a borrower that is (i) a 1- to 4-unit dwelling, or (ii) residential real property that includes a 1- to 4-unit dwelling; and (B) the unpaid principal balance of which was, at the time of origination, not more than the conforming loan limit. (5) Fund
“Secretary” applies in that section
The term “Secretary” means the Secretary of the Treasury. (7) State
“State” applies in that section
The term “State” means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands.
“airline catering employee” applies in that section
the term “airline catering employee” means an employee who performs airline catering services;
“airline catering services” applies in that section
the term “airline catering services” means preparation, assembly, or both, of food, beverages, provisions and related supplies for delivery, and the delivery of such items, directly to aircraft or to a location on or near airport property for subsequent delivery to aircraft;
“contractor” applies in that section
the term “contractor” means— (A) a person that performs, under contract with a passenger air carrier conducting operations under part 121 of title 14, Code of Federal Regulations— (i) catering functions; or (ii) functions on the property of an airport that are directly related to the air transportation of persons, property, or mail, including but not limited to the loading and unloading of property on aircraft; assistance to passengers under part 382 of title 14, Code of Federal Regulations; security; airport ticketing and check-in functions; ground-handling of aircraft; or aircraft cleaning and sanitization functions and waste removal; or (B) a subcontractor that performs such functions; …
“employee” applies in that section
the term “employee” means an individual, other than a corporate officer, who is employed by an air carrier or a contractor;
“recall” applies in that section
the term “recall” means the dispatch of a notice by a contractor, via mail, courier, or electronic mail, to an involuntarily furloughed employee notifying the employee that— (A) the employee must, within a specified period of time that is not less than 14 days, elect either— (i) to return to employment or bypass return to employment in accordance with an applicable collective bargaining agreement or, in the absence of a collective bargaining agreement, company policy; or (ii) to permanently separate from employment with the contractor; and (B) failure to respond within such time period specified will be deemed to be an election under subparagraph (A)(ii); and;
“Secretary” applies in that section
the term “Secretary” means the Secretary of the Treasury.
“total compensation” applies in that section
the term “total compensation” includes salary, bonuses, awards of stock, and other financial benefits provided by an air carrier or contractor to an officer or employee of the air carrier or contractor.
“catering functions” applies throughout its part
the term “catering functions” means preparation, assembly, or both, of food, beverages, provisions and related supplies for delivery, and the delivery of such items, directly to aircraft or to a location on or near airport property for subsequent delivery to aircraft;
“contractor” applies throughout its part
the term “contractor” means— (A) a person that performs, under contract with a passenger air carrier conducting operations under part 121 of title 14, Code of Federal Regulations— (i) catering functions; or (ii) functions on the property of an airport that are directly related to the air transportation of persons, property, or mail, including, but not limited to, the loading and unloading of property on aircraft, assistance to passengers under part 382 of title 14, Code of Federal Regulations, security, airport ticketing and check-in functions, ground-handling of aircraft, or aircraft cleaning and sanitization functions and waste removal; or (B) a subcontractor that performs such functions; …
“employee” applies throughout its part
the term “employee” means an individual, other than a corporate officer, who is employed by an air carrier or a contractor;
“recall” applies throughout its part
the term “recall” means the dispatch of a notice by a passenger air carrier or a contractor, via mail, courier, or electronic mail, to an involuntarily furloughed employee notifying the employee that— (A) the employee must, within a specified period of time, elect either— (i) to return to employment or bypass return to employment, in accordance with an applicable collective bargaining agreement or, in the absence of a collective bargaining agreement, company policy; or (ii) to permanently separate from employment with the passenger air carrier or contractor; and (B) failure to respond within such time period specified shall be considered an election under subparagraph (A)(ii);
“returning employee” applies throughout its part
the term “returning employee” means an involuntarily furloughed employee who has elected to return to employment pursuant to a recall notice; and;
“Secretary” applies throughout its part
the term “Secretary” means the Secretary of the Treasury.
“total compensation” applies in that section
the term “total compensation” includes salary, bonuses, awards of stock, and other financial benefits provided by a passenger air carrier or contractor to an officer or employee of the passenger air carrier or contractor.
“COVID–19” applies in that section
The term “COVID–19” means the Coronavirus Disease 2019. (3) Payroll costs (A) In general
“payroll costs” applies in that section
The term “payroll costs” means— (i) any payment to an employee of compensation in the form of— (I) salary, wage, commission, or similar compensation; (II) payment of a cash tip or an equivalent; (III) payment for vacation, parental, family, medical, or sick leave; (IV) payment required for the provision of group health care or other group insurance benefits, including insurance premiums; (V) payment of a retirement benefit; (VI) payment of a State or local tax assessed on employees with respect to compensation; or (VII) paid administrative leave; and (ii) any payment of compensation to, or income of, a sole proprietor or independent contractor— (I) that is— (aa) a wage; (bb) a commission; …
“provider of transportation services” applies in that section
The term “provider of transportation services” means an entity that— (A) is established or organized— (i) in the United States; or (ii) pursuant to Federal law; (B) has significant operations, and a majority of employees based, in the United States; (C) was in operation on March 1, 2020 ; and (D) is the operator of— (i) a vessel of the United States (as defined in section 116 of title 46 ) that is— (I) a passenger vessel (as defined in section 2101 of that title) carrying fewer than 2,400 passengers; (II) a small passenger vessel (as defined in section 2101 of that title); or (III) a vessel providing pilotage services and regulated by a State in accordance with chapter 85 of that title; …
“Secretary” applies in that section
The term “Secretary” means the Secretary of the Treasury. (b) Funding Out of any funds in the Treasury not otherwise appropriated, there are appropriated to provide grants to eligible providers of transportation services under this section, $2,000,000,000 for fiscal year 2021, to remain available until expended.
“eligible large airport concession” applies in that section
The term “eligible large airport concession” means a concession (as defined in section 23.3 of title 49, Code of Federal Regulations), that is in-terminal and has maximum gross receipts, averaged over the previous three fiscal years, of more than $56,420,000. (2) Eligible small airport concession
“eligible small airport concession” applies in that section
The term “eligible small airport concession” means a concession (as defined in section 23.3 of title 49, Code of Federal Regulations), that is in-terminal and— (A) a small business with maximum gross receipts, averaged over the previous 3 fiscal years, of less than $56,420,000; or (B) is a joint venture (as defined in section 23.3 of title 49, Code of Federal Regulations).
“aviation manufacturing company” applies throughout its part
The term “aviation manufacturing company” means a corporation, firm, or other business entity— (A) that— (i) actively manufactures an aircraft, aircraft engine, propeller, or a component, part, or systems of an aircraft or aircraft engine under a Federal Aviation Administration production approval; (ii) holds a certificate issued under part 145 of title 14, Code of Federal Regulations, for maintenance, repair, and overhaul of aircraft, aircraft engines, components, or propellers; or (iii) operates a process certified to SAE AS9100 related to the design, development, or provision of an aviation product or service, including a part, component, or assembly; (B) which— (i) is established, …
“eligible employee group” applies throughout its part
The term “eligible employee group” means the portion of an employer’s United States workforce that— (A) does not exceed 25 percent of the employer’s total United States workforce as of April 1, 2020 ; and (B) contains only employees with a total compensation level of $200,000 or less per year; and (C) is engaged in aviation manufacturing activities and services, or maintenance, repair, and overhaul activities and services. (2) Aviation manufacturing company
“employee” applies throughout its part
The term “employee” has the meaning given that term in section 203 of title 29 . (4) Employer
“employer” applies throughout its part
The term “employer” means an aviation manufacturing company that is an employer (as defined in section 203 of title 29 ). (5) Private contribution
“private contribution” applies throughout its part
The term “private contribution” means the contribution funded by the employer under this part to maintain 50 percent of the eligible employee group’s total compensation level, and combined with the public contribution, is sufficient to maintain the total compensation level for the eligible employee group as of April 1, 2020 . (6) Public contribution
“public contribution” applies throughout its part
The term “public contribution” means the contribution funded by the Federal Government under this part to provide 50 percent of the eligible employees group’s total compensation level, and combined with the private contribution, is sufficient to maintain the total compensation level for those in the eligible employee group as of April 1, 2020 . (7) Secretary
“Secretary” applies throughout its part
The term “Secretary” means the Secretary of Transportation. (8) Total compensation level
“total compensation level” applies throughout its part
The term “total compensation level” means the level of total base compensation and benefits being provided to an eligible employee group employee, excluding overtime and premium pay, and excluding any Federal, State, or local payroll taxes paid, as of April 1, 2020 .
“catering functions” applies in that section
the term “catering functions” means preparation, assembly, or both, of food, beverages, provisions and related supplies for delivery, and the delivery of such items, directly to aircraft or to a location on or near airport property for subsequent delivery to aircraft;
“contractor” applies in that section
the term “contractor” means— (A) a person that performs, under contract with a passenger air carrier conducting operations under part 121 of title 14, Code of Federal Regulations— (i) catering functions; or (ii) functions on the property of an airport that are directly related to the air transportation of persons, property, or mail, including the loading and unloading of property on aircraft, assistance to passengers under part 382 of title 14, Code of Federal Regulations, security, airport ticketing and check-in functions, ground-handling of aircraft, or aircraft cleaning and sanitization functions and waste removal; or (B) a subcontractor that performs such functions;
“eligible air carrier” applies in that section
the term “eligible air carrier” means an air carrier that— (A) received financial assistance pursuant 1 section 9092(a)(1) of this title ; (B) provides air transportation as of March 31, 2021 ; (C) has not conducted involuntary furloughs or reduced pay rates or benefits between March 31, 2021 , and the date on which the air carrier makes a certification to the Secretary pursuant to subparagraph (D); and (D) certifies to the Secretary that such air carrier will— (i) refrain from conducting involuntary furloughs or reducing pay rates or benefits until September 30, 2021 , or the date on which assistance provided under this section is exhausted, whichever is later; (ii) refrain from purchasing …
“eligible contractor” applies in that section
the term “eligible contractor” means a contractor that— (A) received financial assistance pursuant to section 9092(a)(2) of this title ; (B) performs one or more of the functions described under paragraph (2) as of March 31, 2021 ; (C) has not conducted involuntary furloughs or reduced pay rates or benefits between March 31, 2021 , and the date on which the contractor makes a certification to the Secretary pursuant to subparagraph (D); and (D) certifies to the Secretary that such contractor will— (i) refrain from conducting involuntary furloughs or reducing pay rates or benefits until September 30, 2021 , or the date on which assistance provided under this section is exhausted, whichever is …
“employee” applies in that section
the term “employee” means an individual, other than a corporate officer, who is employed by an air carrier or a contractor;
“Secretary” applies in that section
the term “Secretary” means the Secretary of the Treasury. (b) Payroll support grants (1) In general The Secretary shall make available to eligible air carriers and eligible contractors, financial assistance exclusively for the continuation of payment of employee wages, salaries, and benefits to— (A) eligible air carriers, in an aggregate amount of $14,000,000,000; and (B) eligible contractors, in an aggregate amount of $1,000,000,000. (2) Apportionments (A) In general The Secretary shall apportion funds to eligible air carriers and eligible contractors in accordance with the requirements of this section not later than April 15, 2021 .
“generative adversarial network” applies throughout its chapter
the term “generative adversarial network” means, with respect to artificial intelligence, the machine learning process of attempting to cause a generator artificial neural network (referred to in this section as the “generator” 1 and a discriminator artificial neural network (referred to in this section as a “discriminator”) to compete against each other to become more accurate in their function and outputs, through which the generator and discriminator create a feedback loop, causing the generator to produce increasingly higher-quality artificial outputs and the discriminator to increasingly improve in detecting such artificial outputs.
“Advisory Committee” applies throughout its chapter
The term “Advisory Committee” means the National Artificial Intelligence Advisory Committee established under section 9414(a) of this title . (2) Agency head
“agency head” applies throughout its chapter
The term “agency head” means the head of any Executive agency (as defined in section 105 of title 5 ). (3) Artificial intelligence