15 U.S.C. 9041 (U.S. Code, current edition)

Summary

The current-edition U.S. Code text of 15 U.S.C. 9041, Definitions, for the Coronavirus Economic Stabilization part. Coronavirus means SARS–CoV–2 or another coronavirus with pandemic potential; eligible business means an air carrier or a United States business that has not otherwise received adequate economic relief in loans or loan guarantees under this Act; and State includes the territories, bi-State entities and any Indian Tribe. The next section, § 9042, authorizes the Secretary of the Treasury to make loans, loan guarantees and other investments for eligible businesses, States and municipalities that do not, in the aggregate, exceed $0, with not more than $0 available for passenger air carriers. The page also prints § 9034, which appropriated $2,000,000,000 to the Secretary of Labor for fiscal year 2021 to detect and prevent unemployment compensation fraud.

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“15 U.S.C. 9041 (U.S. Code, current edition).” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/15-u-s-c-9041-u-s-code-current-edition-1bae6d5841/, SHA-256 560ae6f09c8c75a04f937b6ef22a2e046161d16a688c4bda321472d0e5597a93.

Full text

§ 9034 TITLE 15—COMMERCE AND TRADE Page 2518

during which such agreement is in effect, claim- tion 9021 of this title) for such purposes, in-
ants of unemployment compensation refuse to cluding the establishment of procedures or the
return to work or to accept an offer of suitable building of infrastructure to verify or validate
work without good cause. Such method shall in- identity, implement Federal guidance regard-
clude the following: ing fraud detection and prevention, and accel-
(1) A reporting method for employers, such erate claims processing or process claims
as through a phone line, email, or online por- backlogs due to the pandemic.
tal, to notify the State agency when an indi- (c) Restrictions on grants to States and terri-
vidual refuses an offer of employment. tories
(2) A plain-language notice provided to such As a condition of receiving a grant under sub-
claimants about State return to work laws, section (b)(3), the Secretary may require that a
rights to refuse to return to work or to refuse State or territory receiving such a grant shall—
suitable work, including what constitutes (1) use such program integrity tools as the
suitable work, and a claimant’s right to refuse Secretary may specify; and
work that poses a risk to the claimant’s (2) as directed by the Secretary, conduct
health or safety, and information on con- user accessibility testing on any new system
testing the denial of a claim that has been de- developed by the Secretary pursuant to sub-
nied due to a report by an employer that the section (b)(2).
claimant refused to return to work or refused (Pub. L. 116–136, div. A, title II, § 2118, as added
suitable work. Pub. L. 117–2, title IX, § 9032, Mar. 11, 2021, 135
(Pub. L. 116–136, div. A, title II, § 2117, as added Stat. 121.)
Pub. L. 116–260, div. N, title II, § 251(a), Dec. 27,
2020, 134 Stat. 1961.) Editorial Notes
REFERENCES IN TEXT
Editorial Notes
Subtitle A of title IX of the American Rescue Plan
REFERENCES IN TEXT Act of 2021, referred to in subsec. (a), is subtitle A
(§§ 9011–9042) of title IX of Pub. L. 117–2, Mar. 11, 2021,
This subtitle, referred to in text, is subtitle A (§ 2101 135 Stat. 118. For complete classification of subtitle A
et seq.) of title II of div. A of Pub. L. 116–136, Mar. 27, to the Code, see Tables.
2020, 134 Stat. 313, known as the Relief for Workers Af-
fected by Coronavirus Act. For complete classification SUBCHAPTER III—ECONOMIC STABILIZA-
of subtitle A to the Code, see Short Title note set out TION AND ASSISTANCE TO SEVERELY
under section 9001 of this title and Tables. DISTRESSED SECTORS OF THE UNITED
STATES ECONOMY
Statutory Notes and Related Subsidiaries
PART A—CORONAVIRUS ECONOMIC STABILIZATION
EFFECTIVE DATE
§ 9041. Definitions
Pub. L. 116–260, div. N, title II, § 251(b), Dec. 27, 2020,
134 Stat. 1961, provided that: ‘‘The requirements im- In this part:
posed by this section [enacting this section] shall take (1) Air carrier
effect 30 days from the date of enactment of this Act
[Dec. 27, 2020].’’ The term ‘‘air carrier’’ has the meaning such
term has under section 40102 of title 49.
§ 9034. Funding for fraud prevention, equitable (2) Coronavirus
access, and timely payment to eligible work- The term ‘‘coronavirus’’ means SARS–CoV–2
ers or another coronavirus with pandemic poten-
(a) In general tial.
In addition to amounts otherwise available, (3) Covered loss
there is appropriated to the Secretary of Labor The term ‘‘covered loss’’ includes losses in-
for fiscal year 2021, out of any money in the curred directly or indirectly as a result of
Treasury not otherwise appropriated, coronavirus, as determined by the Secretary.
$2,000,000,000, to remain available until ex- (4) Eligible business
pended, to detect and prevent fraud, promote eq- The term ‘‘eligible business’’ means—
uitable access, and ensure the timely payment (A) an air carrier; or
of benefits with respect to unemployment com- (B) a United States business that has not
pensation programs, including programs ex- otherwise received adequate economic relief
tended under subtitle A of title IX of the Amer- in the form of loans or loan guarantees pro-
ican Rescue Plan Act of 2021. vided under this Act.
(b) Use of funds (5) Employee
Amounts made available under subsection (a) Except where the context otherwise re-
may be used— quires, the term ‘‘employee’’—
(1) for Federal administrative costs related (A) has the meaning given the term in sec-
to the purposes described in subsection (a); tion 152 of title 29; and
(2) for systemwide infrastructure investment (B) includes any individual employed by an
and development related to such purposes; and employer subject to the Railway Labor Act
(3) to make grants to States or territories (45 U.S.C. 151 et seq.).
administering unemployment compensation (6) Equity security; exchange
programs described in subsection (a) (includ- The terms ‘‘equity security’’ and ‘‘ex-
ing territories administering the Pandemic change’’ have the meanings given the terms in
Unemployment Assistance program under sec- section 78c(a) of this title.
Page 2519 TITLE 15—COMMERCE AND TRADE § 9042

(7) Municipality § 9042. Emergency relief and taxpayer protec-
The term ‘‘municipality’’ includes— tions
(A) a political subdivision of a State, and (a) In general
(B) an instrumentality of a municipality, a
Notwithstanding any other provision of law,
State, or a political subdivision of a State.
to provide liquidity to eligible businesses,
(8) National securities exchange States, and municipalities related to losses in-
The term ‘‘national securities exchange’’ curred as a result of coronavirus, the Secretary
means an exchange registered as a national se- is authorized to make loans, loan guarantees,
curities exchange under section 78f of this and other investments in support of eligible
title. businesses, States, and municipalities that do
(9) Secretary not, in the aggregate, exceed $0 and provide the
subsidy amounts necessary for such loans, loan
The term ‘‘Secretary’’ means the Secretary
guarantees, and other investments in accord-
of the Treasury, or the designee of the Sec-
ance with the provisions of the Federal Credit
retary of the Treasury.
Reform Act of 1990 (2 U.S.C. 661 et seq.).
(10) State
(b) Loans, loan guarantees, and other invest-
The term ‘‘State’’ means— ments
(A) any of the several States;
(B) the District of Columbia; Loans, loan guarantees, and other investments
(C) any of the territories and possessions made pursuant to subsection (a) shall be made
of the United States; available as follows:
(D) any bi-State or multi-State entity; and (1) Not more than $0 shall be available to
(E) any Indian Tribe. make loans and loan guarantees for passenger
air carriers, eligible businesses that are cer-
(11) Aerospace-related businesses critical to
tified under part 145 of title 14, Code of Federal
maintaining national security
Regulations, and approved to perform inspec-
The term ‘‘businesses critical to maintain- tion, repair, replace, or overhaul services, and
ing national security’’ means those businesses ticket agents (as defined in section 40102 of
that manufacture or produce aerospace-re- title 49).
lated products, civil or defense, including (2) Not more than 0 1 shall be available to
those that design, integrate, assemble, supply, make loans and loan guarantees for cargo air
maintain, and repair such products, and other carriers.
businesses involved in aerospace-related man- (3) Not more than 0 1 shall be available to
ufacturing or production as further defined by make loans and loan guarantees for businesses
the Secretary, in consultation with the Sec- critical to maintaining national security.
retary of Defense and the Secretary of Trans- (4) Not more than the sum of $0 and any
portation. For purposes of the preceding sen- amounts available under paragraphs (1), (2),
tence, aerospace-related products include, but and (3) that are not used as provided under
are not limited to, components, parts, or sys- those paragraphs shall be available to make
tems of aircraft, aircraft engines, or appli- loans and loan guarantees to, and other in-
ances for inclusion in an aircraft, aircraft en- vestments in, programs or facilities estab-
gine, or appliance. lished by the Board of Governors of the Fed-
(Pub. L. 116–136, div. A, title IV, § 4002, Mar. 27, eral Reserve System for the purpose of pro-
2020, 134 Stat. 469; Pub. L. 116–260, div. N, title viding liquidity to the financial system that
IV, § 412(c), Dec. 27, 2020, 134 Stat. 2061.) supports lending to eligible businesses, States,
or municipalities by—
Editorial Notes (A) purchasing obligations or other inter-
REFERENCES IN TEXT
ests directly from issuers of such obligations
or other interests;
This part, referred to in text, was in the original (B) purchasing obligations or other inter-
‘‘this subtitle’’, meaning subtitle A (§§ 4001–4029) of title ests in secondary markets or otherwise; or
IV of div. A of Pub. L. 116–136, known as the
Coronavirus Economic Stabilization Act of 2020, which
(C) making loans, including loans or other
is classified principally to this part. For complete clas- advances secured by collateral.
sification of subtitle A to the Code, see section 4001 of (c) Terms and conditions
Pub. L. 116–136, set out as a Short Title note under sec-
(1) In general
tion 9001 of this title, and Tables.
This Act, referred to in par. (4)(B), probably means (A) Forms; terms and conditions
subtitle A (§§ 4001–4029) of title IV of div. A of Pub. L. A loan, loan guarantee, or other invest-
116–136, known as the Coronavirus Economic Stabiliza-
ment by the Secretary shall be made under
tion Act of 2020, which is classified principally to this
part. For complete classification of this Act to the this section in such form and on such terms
Code, see section 4001 of Pub. L. 116–136, set out as a and conditions and contain such covenants,
Short Title note under section 9001 of this title, and Ta- representations, warranties, and require-
bles. ments (including requirements for audits) as
The Railway Labor Act, referred to in par. (5)(B), is the Secretary determines appropriate. Any
act May 20, 1926, ch. 347, 44 Stat. 577, which is classified loans made by the Secretary under this sec-
principally to chapter 8 (§ 151 et seq.) of Title 45, Rail- tion shall be at a rate determined by the
roads. For complete classification of this Act to the
Secretary based on the risk and the current
Code, see section 151 of Title 45 and Tables.
average yield on outstanding marketable ob-
AMENDMENTS
2020—Par. (11). Pub. L. 116–260 added par. (11). 1 So in original. Probably should be preceded by a dollar sign.

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