Sec. 2. Definitions
429 words·~2 min read·
/bill/116/hr/7671/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this Act, the following definitions apply: The term applicant means a business filing an application for recovery compensation under this Act. The term business is intended broadly to refer to any type of for-profit business concern, nonprofit organization, veteran’s organization, or Tribal business concern, and shall include individuals who operate under a sole proprietorship or as an independent contractor, and eligible self-employed individuals. The term collateral source means all compensation received by the applicant as a result of the losses for which the applicant is seeking compensation under this Act, including payments by Federal, State, or local governments, related to losses arising from the COVID–19 pandemic.
The term COVID–19 pandemic means the national emergency proclaimed by the President on March 13, 2020. The term eligible applicants means any type of for-profit business concern, nonprofit organization, veteran’s organization, or Tribal business concern, and shall include individuals who operate under a sole proprietorship or as an independent contractor, and eligible self-employed individuals. The term eligible self-employed individual has the meaning given the term in section 7002(b) of the Families First Coronavirus Response Act ( Public Law 116–127 ).
The term financial institution means any institution the business of which is engaging in financial activities as described in section 4(k) of the Bank Holding Company Act ( 12 U.S.C. 1843(k) ). The term low-to-moderate income community means a census tract where the annualized family income of the households or residents in the census tract are below 80 percent of the HUD median income for the county where the census tract is located. The term minority-owned business shall have the same meaning given the term under section 342(g)(4) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5452(g)(4) ).
The term Secretary means the Secretary of the Treasury. The term Special Administrator means the Special Administrator appointed under this Act. The term State means any State of the United States, the Commonwealth of Puerto Rico, the District of Columbia, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, each of the United States Virgin Islands, and any territory or possession of the United States. The term United States means the several States and includes the territorial sea and the continental shelf of the United States, as those terms are defined in the Violent Crime Control and Law Enforcement Act of 1994 ( 18 U.S.C. 2280 , 2281).
The term women-owned business shall have the same meaning given the term under section 342(g)(6) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5452(g)(6) ).
Connectionstraces to 4
Traces to 4 documents
Citation graph
cites case law
Cites 4Cited by 0 across 0 sources