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15 U.S.C. § 9071 — Definitions
Federal law — U.S. Code and appendices · legal_authorities
Unless otherwise specified, the terms in [section 40102(a) of title 49](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title49-section40102/a&num=0&edition=prelim) shall apply to this part, except that—
(1) the term “airline catering employee” means an employee who performs airline catering services;
(2) 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;
(3) 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;
(4) the term “employee” means an individual, other than a corporate officer, who is employed by an air carrier or a contractor;
(5) 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 acc
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Source location: Title 15, Chapter 116, § 9071; chapter-116-coronavirus-economic-stabilization-cares-act.md
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Unless otherwise specified, the terms in [section 40102(a) of title 49](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title49-section40102/a&num=0&edition=prelim) shall apply to this part, except that—
(1) the term “airline catering employee” means an employee who performs airline catering services;
(2) 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;
(3) 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;
(4) the term “employee” means an individual, other than a corporate officer, who is employed by an air carrier or a contractor;
(5) 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
(6) the term “Secretary” means the Secretary of the Treasury.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** To be eligible for financial assistance under this part, an air carrier or contractor shall enter into an agreement with the Secretary, or otherwise certify in such form and manner as the Secretary shall prescribe, that the air carrier or contractor shall—
(1) refrain from conducting involuntary furloughs or reducing pay rates and benefits until September 30, 2020;
(2) through September 30, 2021, ensure that neither the air carrier or contractor nor any affiliate of the air carrier or contractor may, in any transaction, purchase an equity security of the air carrier or contractor or the parent company of the air carrier or contractor that is listed on a national securities exchange;
(3) through September 30, 2021, ensure that the air carrier or contractor shall not pay dividends, or make other capital distributions, with respect to the common stock (or equivalent interest) of the air carrier or contractor; and
(4) meet the requirements of sections 9075 and 9076 of this title.
**(b) Department of Transportation Authority to condition assistance on continuation of service**
(1) **In general** — The Secretary of Transportation is authorized to require, to the extent reasonable and practicable, an air carrier provided financial assistance under this part to maintain scheduled air transportation service, as the Secretary of Transportation deems necessary, to ensure services to any point served by that carrier before March 1, 2020.
(2) **Required considerations** — When considering whether to exercise the authority provided by this section, the Secretary of Transportation shall take into consideration the air transportation needs of small and remote communities and the need to maintain well-functioning health care supply chains, including medical dev
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 9074
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Covered period** — The term “covered period”, with respect to a provider of transportation services, means the period—
(A) beginning on December 27, 2020; and
(B) ending on the later of—
(i) March 31, 2021; or
(ii) the date on which all funds provided to the provider of transportation services under subsection (c) are expended.
(2) **COVID–19** — The term “COVID–19” means the Coronavirus Disease 2019.
(3) **Payroll costs**
(A) *In general* — 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;
(cc) income;
(dd) net earnings from self-employment; or
(ee) similar compensation; and
(II) in an amount equal to not more than $100,000 during 1 calendar year, as prorated for the covered period.
(B) *Exclusions* — The term “payroll costs” does not include—
(i) any compensation of an individual employee in excess of an annual salary of $100,000, as prorated for the covered period;
(ii) any tax imposed or withheld under chapter 21, 22, or 24 of title 26 du
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 9111
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Federal law — U.S. Code and appendices · legal_authorities
Page 2546
TITLE 15—COMMERCE AND TRADE
§ 9071
beyond 5 years from the initial origination
date of the loan or loan guarantee.
(c) Federal Reserve programs or facilities
(1) In general
After December 31, 2020, the Board of Gov-
ernors of the Federal Reserve System and the
Federal Reserve banks shall not make any
loan, purchase any obligation, asset, security,
or other interest, or make any extension of
credit through any program or facility estab-
lished under section 343(3) of title 12 in which
the Secretary made a loan, loan guarantee, or
other investment pursuant to section 9042(b)(4)
of this title, other than a loan submitted, on
or before December 14, 2020, to the Main Street
Lending Program’s lender portal for the sale
of a participation interest in such loan, pro-
vided that the Main Street Lending Program
purchases a participation interest in such loan
on or before January 8, 2021 and under the
terms and conditions of the Main Street Lend-
ing Program as in effect on the date the loan
was submitted to the Main Street Lending
Program’s lender portal for the sale of a par-
ticipation interest in such loan.
(2) No modification
After December 31, 2020, the Board of Gov-
ernors of the Federal Reserve System and the
Federal Reserve banks—
(A) shall not modify the terms and condi-
tions of any program or facility established
under section 343(3) of title 12 in which the
Secretary made a loan, loan guarantee, or
other
investment
pursuant
to
section
9042(b)(4) of this title, including by author-
izing transfer of such funds to a new pro-
gram or facility established under section
343(3) of title 12; and
(B) may modify or restructure a loan, obli-
gation, asset, security, other interest, or ex-
tension of credit made or purchased through
any
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 9071
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