to prevent the avoidance of the purposes of this section. . (c) Clerical amendment The table of sections for subpart F of part III of subchapter N of chapter 1 of such Code is amended by inserting after the item relating to section 951A the following new item: Sec. 951B. Amounts included in gross income of foreign controlled United States shareholders. . (d) Effective date The amendments made by this section shall apply to— (1) the last taxable year of foreign corporations beginning before January 1, 2018, and each subsequent taxable year of such foreign corporations, and (2) taxable years of United States persons in which or with which such taxable years of foreign corporations end. C Assistance to severely distressed sectors of the United States economy I Economic Stabilization 3101. Short title This title may be cited as the Coronavirus Economic Stabilization Act of 2020 . 3102. Emergency relief through loans and loan guarantees (a) In general Notwithstanding any other provision of law, to provide liquidity to eligible businesses related to losses incurred as a direct result of coronavirus, the Secretary is authorized to make or guarantee loans to eligible businesses that do not, in the aggregate, exceed $208,000,000,000 and provide the subsidy amounts necessary for such loans and loan guarantees in accordance with the provisions of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq.). (b) Distribution of loans and loan guarantees Loans and loan guarantees made pursuant to subsection (a) shall be made available to eligible business as follows: (1) Not more than $50,000,000,000 shall be available for passenger air carriers. (2) Not more than $8,000,000,000 shall be available for cargo air carriers. (3) Not more than $150,000,000,000 shall be available for other eligible businesses. (c) Loans and loan guarantees (1) In general The Secretary shall review and decide on applications for loans and loan guarantees under this section and may enter into agreements to make or guarantee loans to one or more