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15 U.S.C. § 9098 — Taxpayer protection
Federal law — U.S. Code and appendices · legal_authorities
**(a) CARES Act assistance recipients** With respect to a recipient of financial assistance under section 4113 of the CARES Act ([15 U.S.C. 9073](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section9073&num=0&edition=prelim)) that receives financial assistance under this part, the Secretary may receive warrants, options, preferred stock, debt securities, notes, or other financial instruments issued by such recipient that are, to the maximum extent practicable, in the same form and amount, and under the same terms and conditions, as agreed to by the Secretary and such recipient to provide appropriate compensation to the Federal Government for the provision of the financial assistance under this part.
**(b) Other applicants** With respect to a recipient of financial assistance under this part that did not receive financial assistance under section 4113 of the CARES Act ([15 U.S.C. 9073](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section9073&num=0&edition=prelim)), the Secretary may receive warrants, options, preferred stock, debt securities, notes, or other financial instruments issued by such recipient in a form and amount that are, to the maximum extent practicable, under the same terms and conditions as agreed to by the Secretary and similarly situated recipients of financial assistance under such section to provide appropriate compensation to the Federal Government for the provision of the financial assistance under this part.
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Stable record: federal_law:legal_authorities:record_usc_07ffa8b0ea893aa30020da0d
Source file: Laws/federal/codes/united-states-code/title-15/section-9098-taxpayer-protection--0a0db683d3.md
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Source location: Title 15, Chapter 116, § 9098; chapter-116-coronavirus-economic-stabilization-cares-act.md
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**(a) CARES Act assistance recipients** With respect to a recipient of financial assistance under section 4113 of the CARES Act ([15 U.S.C. 9073](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section9073&num=0&edition=prelim)) that receives financial assistance under this part, the Secretary may receive warrants, options, preferred stock, debt securities, notes, or other financial instruments issued by such recipient that are, to the maximum extent practicable, in the same form and amount, and under the same terms and conditions, as agreed to by the Secretary and such recipient to provide appropriate compensation to the Federal Government for the provision of the financial assistance under this part.
**(b) Other applicants** With respect to a recipient of financial assistance under this part that did not receive financial assistance under section 4113 of the CARES Act ([15 U.S.C. 9073](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section9073&num=0&edition=prelim)), the Secretary may receive warrants, options, preferred stock, debt securities, notes, or other financial instruments issued by such recipient in a form and amount that are, to the maximum extent practicable, under the same terms and conditions as agreed to by the Secretary and similarly situated recipients of financial assistance under such section to provide appropriate compensation to the Federal Government for the provision of the financial assistance under this part.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Awardable amounts** The Secretary shall provide financial assistance under this part—
(1) to an air carrier in an amount equal to the salaries and benefits reported by the air carrier to the Department of Transportation pursuant to part 241 of title 14, Code of Federal Regulations, for the period from April 1, 2019, through September 30, 2019; and
(2) to an air carrier that does not transmit reports under such part 241, in an amount that such air carrier certifies, using sworn financial statements or other appropriate data, as the amount of wages, salaries, benefits, and other compensation that such air carrier paid the employees of such air carrier during the period from April 1, 2019, through September 30, 2019; and
(3) to a contractor, in an amount that the contractor certifies, using sworn financial statements or other appropriate data, as the amount of wages, salaries, benefits, and other compensation that such contractor paid the employees of such contractor during the period from April 1, 2019, through September 30, 2019.
**(b) Deadlines and procedures**
(1) **In general**
(A) *Forms; terms and conditions* — Financial assistance provided to an air carrier or contractor under this part shall be in such form, on such terms and conditions (including requirements for audits and the clawback of any financial assistance provided upon failure by a passenger air carrier, cargo air carrier, or contractor to honor the assurances specified in [section 9074 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section9074&num=0&edition=prelim)), as the Secretary determines appropriate.
(B) *Procedures* — The Secretary shall publish streamlined and expedited procedures not later than 5 days after March 27, 2020, for air carriers
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 9073
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Federal law — U.S. Code and appendices · legal_authorities
In this title— 11 See References in Text note below.
(1) the terms “Administration” and “Administrator” mean the Small Business Administration and the Administrator thereof, respectively; and
(2) the term “small business concern” has the meaning given the term in [section 632 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section632&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 9001
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** The definitions 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 with respect to terms used in this section, except that—
(1) 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;
(2) 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;
(3) the term “employee” means an individual, other than a corporate officer, who is employed by an air carrier or a contractor;
(4) the term “eligible air carrier” means an air carrier that—
(A) received financial assistance pursuant 11 So in original. Probably should be followed by “to”. [section 9092(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section9092/a/1&num=0&edition=prelim);
(B) provides air transportation as of March 31, 2021;
(C) has not conducted involuntary furloughs or reduced pay rates or benefits betwee
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 9141
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Federal law — U.S. Code and appendices · legal_authorities
Page 2547
TITLE 15—COMMERCE AND TRADE
§ 9073
1 So in original. There is no subsec. (a) in section 9080 of this
title.
loughed 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 re-
turn to employment in accordance with an
applicable collective bargaining agreement
or, in the absence of a collective bar-
gaining agreement, company policy; or
(ii) to permanently separate from em-
ployment with the contractor; and
(B) failure to respond within such time pe-
riod specified will be deemed to be an elec-
tion under subparagraph (A)(ii); and
(6) the term ‘‘Secretary’’ means the Sec-
retary of the Treasury.
(Pub. L. 116–136, div. A, title IV, § 4111, Mar. 27,
2020, 134 Stat. 497; Pub. L. 116–260, div. N, title
IV, § 412(b), Dec. 27, 2020, 134 Stat. 2061.)
Editorial Notes
AMENDMENTS
2020—Pars. (5), (6). Pub. L. 116–260 added par. (5) and
redesignated former par. (5) as (6).
§ 9072. Pandemic relief for aviation workers
(a) Financial assistance for employee wages, sal-
aries, and benefits
Notwithstanding any other provision of law,
to preserve aviation jobs and compensate air
carrier industry workers, the Secretary shall
provide financial assistance that shall exclu-
sively be used for the continuation of payment
of employee wages, salaries, and benefits to—
(1) passenger air carriers, in an aggregate
amount up to $25,000,000,000;
(2) cargo air carriers, in the aggregate
amount up to $4,000,000,000; and
(3) contractors, in an aggregate amount up
to $3,000,000,000.
(b) Administrative expenses
Notwithstanding any other provision of law,
the Secretary, may use $67,000,000 of the funds
made available under section 9080(a) 1 of thi
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 9073
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Federal law — U.S. Code and appendices · legal_authorities
Page 2554
TITLE 15—COMMERCE AND TRADE
§ 9098
the air transportation needs of small and remote
communities, the need to maintain well-func-
tioning health care supply chains, including
medical devices and supplies, and pharma-
ceutical supply chains.
(c) Sunset
The authority provided under this section
shall terminate on March 1, 2022, and any re-
quirements issued by the Secretary of Transpor-
tation under this section shall cease to apply
after that date.
(d) Sense of Congress
It is the sense of Congress that, when imple-
menting this section, the Secretary of Transpor-
tation should take into consideration the fol-
lowing:
(1) A number of airports and communities
have lost air service as a result of consolidated
operations by covered air carriers, as per-
mitted by the Department of Transportation,
including smaller airports that are located
near larger airports.
(2) Airports covering common points, as de-
termined by the Department of Transpor-
tation, do not align with the grouping com-
monly used by many air carriers, other Fed-
eral agencies, and distribution channels used
by consumers to purchase air travel.
(3) The demographic, geographic, economic,
and other characteristics of an area and af-
fected communities when determining wheth-
er consolidated operations at a single airport
effectively serve the needs of the point.
(4) Maintaining a robust air transportation
system, including maintaining air service to
airports throughout the United States, plays
an important role in the effective distribution
of a coronavirus vaccine.
(5) The objections from community respond-
ents on whether a specific airport should or
should not be included in a consolidated point,
including those objections noting the impor-
tance of the required considerat
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 9098
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