A new covered funding award is defined by when the application came in
What the document says“the term `new covered funding award' means an award of covered funding that is made based on an application submitted to the Commission on or after the date on which rules are promulgated under paragraph (2)”
The second definition, and the one that sets when the new duties begin to bite. An award counts as a new covered funding award only if the application behind it reached the Commission on or after the day the rules ordered by paragraph (2) are promulgated. Applications filed before that day fall outside the term.
What the document actually says“the term `new covered funding award' means an award of covered funding that is made based on an application submitted to the Commission on or after the date on which rules are promulgated under paragraph (2)”
A new covered funding award is money given out on a form sent in later. The form has to arrive on or after the day the new rules are set.
The new rules do not reach back in time. Awards from older forms stay as they were. Only forms sent in after the rules are out must meet the new test.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.