; and (2) earned less than $40,000 in wages in 2019. (b) Disregard of additional compensation for purposes of Medicaid and CHIP The monthly equivalent of any rehiring bonus paid to a covered former employee under subsection (a) shall be disregarded when determining income for any purpose under the programs established under titles XIX and title XXI of the Social Security Act ( 42 U.S.C. 1396 et seq., 1397aa et seq.). (c) Additional rehiring bonus If the Pandemic Unemployment Compensation program established under the Relief for Workers Affected by Coronavirus Act (title II of division A of Public Law 116–136 ) continues after July 31, 2020, a covered former employee that received a rehiring bonus under subsection (a) shall be eligible for a $1,200 monthly stimulus check for every month that the Pandemic Unemployment Compensation program is extended. 7. Audits and penalties (a) Audits Not later than one year after a grant is awarded under the Program, the Inspector General of the Department of Treasury (in this section referred to as the Inspector General ) shall audit the grant recipient to determine— (1) the amount of loss of revenue the grant recipient experienced as a result of COVID–19; and (2) whether any instance of overpayment occurred with respect to the grant. (b) Loss of revenue (1) In general Except as provided in paragraph (2), a grant recipient under the Program shall be required to repay to the Department of Treasury (on a no-interest basis and by a date determined by the Secretary that is not later than five years after the date on which the Secretary terminates the Program) the total amount of grant funds received under the Program if, as a result of an audit conducted under subsection (a), the Inspector General determines— (A) in the case of a grant recipient that is not a new employer, that the grant recipient did not experience a decline in gross receipts, during a calendar year after receiving the grant, in an amount that was at least 10 percent of the gross receipts of the employer for 2019