; rulemaking The Securities and Exchange Commission shall have the authority to enforce this Act and may issue such rules as may be necessary to carry out this Act. 6. Severability If any provision of this Act or the application of such provision to any person or circumstance is held to be unconstitutional, the remainder of this Act, and the application of the provisions of this Act, to any person or circumstance shall not be affected thereby. 7. Definitions In this Act: (1) Accelerated filer The Securities and Exchange Commission shall define the term accelerated filer for purposes of this Act. (2) CEO to median worker pay ratio With respect to an accelerated filer, the term CEO to median worker pay ratio means the ratio of— (A) the annual total compensation, including salary, equity, and any other form of compensation of the chief executive officer (or any equivalent position) of the corporation; and (B) the median of the annual total compensation of all employees of the corporation, except the chief executive officer (or any equivalent position) of the corporation. (3) COVID–19 emergency The term COVID–19 emergency means the period beginning on the date of enactment of this Act and ending on the date on which the Securities and Exchange Commission determines that the impact of COVID–19 on the American financial system has ended. (4) Federal aid The term Federal aid means any emergency lending provided under section 13(3) of the Federal Reserve Act or any Federal financial support in the form of a grant, loan, or loan guarantee. (5) S corporation The term S corporation has the meaning given that term under section 1361(a) of the Internal Revenue Code of 1986. (6) Securities terms The terms national securities exchange and security have the meaning given those terms, respectively, under section 3 of the Securities Exchange Act of 1934.