The "CERT" bill as it stands:
"As a condition of receipt of assistance, Treasury must require that a provider of transportation services agree to use the funds, on a priority basis, to maintain through December 31, 2020, pay, paid administrative leave, and benefits to all employees after making any adjustments required for retirement or voluntary employee separation; and recall or rehire any employee laid off, furloughed, or terminated because of reduced service as a result of COVID-19, to the extent warranted by increased service levels."
Congress will not reconvene until after Labor Day then will have to hash out the bill.
It will be interesting how they categorize private carriers using buses paid for by NJT. By the looks of the bill, the funding is to be used to restore or maintain current service levels more or less and so cannot be used to boost the company's bottom line or other debts incurred not related to pandemic related service cuts (i.e. Saddle River cannot use it to pay $57000 in back rent to Port Authority). The companies will have to shoulder the fixed costs of not having service until the bill passes and funding is received. And what happens in the future after Dec 2020 will be up to the carrier based on their individual situations.