Coronavirus Aid, Relief, and Economic Security Act S 3548

cares act s.3548

Section 5111(2) of the Emergency Paid Sick Leave Act (division E of the Families First Coronavirus Response Act) is amended by striking section 5102(a)(5) and inserting paragraphs (4) and (5) of section 5102(a)(5). Award the individual the full value of the educational award under such subtitle for which the individual would otherwise have been eligible. The Secretary shall suspend all payments due for loans made under part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) for 3 months. A HCPCS code assigned under this clause shall allow for the reliable monitoring of utilization and outcomes of the novel medical product as described in clause (vi).

cares act s.3548

Should Congress pass this $1 trillion economic relief bill during the coronavirus outbreak?

The amendments made by subsection (b) shall take effect as if included in the provisions of Public Law 115–97 to which they relate. The amendments made by subsection (c) shall take effect as if included in the provisions of Public Law 115–97 to which they relate. Section 170(b)(1)(A) of such Code, as amended by subsection (c)(2), is amended by striking and (C)(i) and inserting , (C)(i), and (D). Section 860E(a)(3)(B) of such Code is amended by striking all that follows for purposes of and inserting subsection (a)(2)(B)(ii)(I) and the second sentence of subsection (b)(2) of section 172.. For taxable years beginning after December 31, 2020, be reduced by 20 percent of the excess (if any) described in subsection (a)(2)(B)(ii) for such taxable year.

Terms and settings

cares act s.3548

The Secretary of Education shall not waive under this section any statutory or regulatory requirements relating to applicable civil rights laws. Not later than June 30, 2020, an institution of higher that uses the authority described in paragraph (2) shall report such use to the Secretary. The Secretary shall exclude from a student’s Federal Pell Grant duration limit under section 401(c)(5) of the Higher Education Act of 1965 (2 U.S.C. 1070a(c)(5)) any semester bookkeeping for cleaning business (or the equivalent) that the student does not complete due to a qualifying emergency if the Secretary is able to administer such policy in a manner that limits complexity and the burden on the student. A national emergency declared by the President under section 201 of the National Emergencies Act (50 U.S.C. 1601 et seq.). Stakeholders representing patients and with expertise in the utilization of patient experience data in medical product development.

  • Each bill’s study guide is a little different — we automatically choose which questions to include based on the information we have available about the bill.
  • The preceding sentence shall not apply to amounts paid for transportation on or before the date of the enactment of this Act.
  • In the case of a refund or credit made or allowed under subsection (g) with respect to a joint return, half of such refund or credit shall be treated as having been made or allowed to each individual filing such return.
  • The amendments made by subsection (b) shall take effect as if included in the provisions of Public Law 115–97 to which they relate.
  • By inserting , nurse practitioner, clinical nurse specialist, certified nurse-midwife, or physician assistant after of the physician.
  • The term payroll tax deferral period means the period beginning on the date of the enactment of this Act and ending before January 1, 2021.
  • In this section, the terms device and drug have the meanings given such terms in section 201 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).

Quick escape, quality time

cares act s.3548

An insured depository institution (as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813)) or other specialized Online Accounting lender may only participate in the program established under this section if participation does not affect the safety and soundness of the institution or lender. Not later than 30 days after the date of enactment of this Act, the Administrator shall issue guidance and regulations implementing this section. Canceled indebtedness under this section shall be excluded from gross income for purposes of the Internal Revenue Code of 1986. The efforts of the Administrator and the association or associations to develop a training program for resource partner counselors, including the number of counselors trained. The term women’s business center means a women’s business center described in section 29 of the Small Business Act (15 U.S.C. 656).

Increased Federal Waiver Authority

cares act s.3548

Notwithstanding any other provision of law, the payment for applicable employment taxes for the payroll tax deferral period shall not be due before cares act s.3548 the applicable date. Any qualified contribution shall be allowed as a deduction only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer’s contribution base (as defined in subparagraph (H) of section 170(b)(1) of such Code) over the amount of all other charitable contributions allowed under section 170(b)(1) of such Code. For purposes of this subsection, the aggregate amount of distributions received by an individual which may be treated as coronavirus-related distributions for any taxable year shall not exceed $100,000. The Secretary shall, subject to the provisions of this title, refund or credit any overpayment attributable to this section as rapidly as possible.

  • October 1, 2025, the Comptroller General shall submit to Congress a report containing the preliminary results of the study conducted under paragraph (1), together with recommendations for such legislation and administrative action as the Comptroller General determines appropriate.
  • For purposes of this subsection, the term possession of the United States includes the Commonwealth of Puerto Rico and the Commonwealth of the Northern Mariana Islands.
  • In the case of any charitable contribution of food during 2020 to which section 170(e)(3)(C) of the Internal Revenue Code of 1986 applies, subclauses (I) and (II) of clause (ii) thereof shall each be applied by substituting 25 percent for 15 percent.
  • The preceding sentence shall not apply unless the respective possession has a plan, which has been approved by the Secretary of the Treasury, under which such possession will promptly distribute such payments to its residents.
  • The term women’s business center means a women’s business center described in section 29 of the Small Business Act (15 U.S.C. 656).
  • Such excess shall be determined without regard to any deductions, gross income, or gains attributable to any trade or business of performing services as an employee.

$200 per day and $2,000 in the aggregate for each employee, when the employee is taking leave for a reason described in paragraph (4), (5), or (6) of section 5102(a). The term coronavirus means coronavirus as defined in section 506 of the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (Public Law 116–123). Not later than 12 months after issuing draft guidance under subparagraph (A), the Secretary shall finalize the updated guidance. That has been designated as a breakthrough therapy under section 506(a) of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 356(a)), a breakthrough device under section 515B of such Act (21 U.S.C. 360e–3), or a regenerative advanced therapy under section 506(g) of such Act (21 U.S.C. 356(g)). No information submitted under subclause (II) shall be construed as authorizing the Secretary to disclose any information that is a trade secret or confidential information subject to section 552(b)(4) of title 5, United States Code.

Support for Student Loan Borrowers

In the case of a partnership or S corporation, the election under subparagraph (A)(ii) shall be made separately by each partner or shareholder. If the aggregate amount of qualified contributions made in the contribution year (within the meaning of section 170(d)(2) of such Code) exceeds the limitation of clause (i), such excess shall be appropriately taken into account under section 170(d)(2) subject to the limitations thereof. If the aggregate amount of qualified contributions made in the contribution year (within the meaning of section 170(d)(1) of such Code) exceeds the limitation of clause (i), such excess shall be added to the excess described in section 170(b)(1)(G)(ii). Clause (ii) of such section shall be applied by substituting the present value of the nonforfeitable accrued benefit of the employee under the plan for one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan. For purposes of the Internal Revenue Code of 1986, a coronavirus-related distribution shall be treated as meeting the requirements of sections 401(k)(2)(B)(i), 403(b)(7)(A)(i), 403(b)(11), and 457(d)(1)(A) of such Code.