; and (B) the management and daily business operations of which are controlled by 1 or more minority individuals. (g) Authorization of appropriations There are authorized to be appropriated $3,000,000,000 to carry out this section. Such funds are authorized to be appropriated to remain available until expended. VII Promoting and Advancing Communities of Color through Inclusive Lending 701. Short title This title may be cited as the Promoting and Advancing Communities of Color through Inclusive Lending Act . 702. Findings; Sense of Congress (a) Findings The Congress finds the following: (1) The Coronavirus 2019 (COVID–19) pandemic and the resulting recession have led to more than 4.8 million cases and at least 157,000 deaths in the United States as of August 6, 2020; a 7.6 percent increase in the unemployment rate from February to June, or approximately 12 million more persons who have lost their job