1. One-year waiver of budget neutrality adjustments under Medicare physician fee schedule (a) Waiver of budget neutrality adjustments Section 1848(c)(2) of the Social Security Act ( 42 U.S.C. 1395w–4(c)(2) ) is amended— (1) in subparagraph (B)— (A) in clause (ii)(II), by striking clauses (iv) and (v) and inserting clauses (iv), (v), and (vii) ; and (B) by adding at the end the following: (vii) Non-application of budget neutrality adjustments for 2021 The budget neutrality adjustments under clause (ii)(II) and subparagraph (F) shall not be applied for 2021. ; and (2) in subparagraph (F), in the matter preceding clause (i), by inserting , subject to subparagraph (B)(vii) after The Secretary . (b) Public Health and Social Services Emergency Fund (1) In general From the unobligated balances of amounts made available under the heading Department of Health and Human Services––Office of the Secretary––Public Health and Social Services Emergency Fund by the provisions listed in subsection (b) (in the order of such provisions as specified by the Secretary of Health and Human Services), $10,000,000,000, to be derived from such amounts that are not allocated to eligible health care providers or for provider relief, is hereby rescinded. (2) Provisions The provisions listed in this subsection are the following: (A) Title III of division B of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ). (B) Title I of division B of the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ).