in section 7701(p)(2) of the Internal Revenue Code of 1986, or any member of the expanded affiliated group (as defined in section 7874(c)(1) of such Code) of such inverted domestic corporation, may participate in any program or facility established by the Board of Governors of the Federal Reserve System under the authority of section 13(3) of the Federal Reserve Act ( 12 U.S.C. 343 ) and with funding authorized under section 4003 of the CARES Act ( Public Law 116–136 ), including the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility. (B) Exception Subparagraph (A) shall not apply if the inverted domestic corporation makes an election under section 7701(p)(1) of the Internal Revenue Code of 1986. (C) Applicability This paragraph shall apply to participation in any program or facility described in subparagraph (A) established before, on, or after the date of enactment of this Act. (b) Election To treat inverted domestic corporations as domestic corporations (1) Inverted domestic corporations Section 7701 of the Internal Revenue Code of 1986 is amended by redesignating subsection (p) as subsection (q) and by inserting after subsection (o) the following new subsection: (p) Inverted domestic corporations (1) Election to be treated as a domestic corporation (A) In general Notwithstanding pa­ra­graphs (4) and (5) of subsection (a), an inverted domestic corporation may elect to be treated as a domestic corporation for taxable years beginning with the last taxable year which begins before January 1, 2018. (B) Election An election under this subsection— (i) shall be made not later than 30 days after the date of the enactment of this subsection, and (ii) once made, shall be irrevocable. (C) Time for filing returns and payment of taxes Notwithstanding sections 6072 and 6151, any return for any taxable year ending before the date described in subparagraph (B)(i), and any payment of taxes or penalties, shall not be considered due before January 1, 2021. (2) Inverted domestic