3.0.0 6409 2022-02-08T23:17:24Z 2022-02-08T23:17:24Z House HR 2020-03-27 116 [Congressional Record Volume 166, Number 61 (Friday, March 27, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. OMAR:H.R. 6409.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H1865]]]> hssm00 Small Business Committee House Standing Referred to 2020-03-27T13:02:50Z hswm00 Ways and Means Committee House Standing Referred to 2020-03-27T13:02:45Z 2020-03-27 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-03-27 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-03-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-27 Introduced in House IntroReferral 1000 9 Library of Congress O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 N N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2020-03-27 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2020-03-27 True T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2020-03-27 True W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2020-04-14 False O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2020-05-05 False P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2020-05-12 False Commerce Appropriations Cardiovascular and respiratory health Congressional oversight Economic performance and conditions Emergency medical services and trauma care Employee benefits and pensions Employee leave Food industry and services Fraud offenses and financial crimes Government lending and loan guarantees Infectious and parasitic diseases Intergovernmental relations Labor-management relations Minority and disadvantaged businesses Self-employed Small business State and local government operations Unemployment Wages and earnings Women in business Commerce 00 2020-03-27 Introduced in House 2020-04-21T13:23:29Z Assistance for Businesses and Local Economies Act or the ABLE Act of 2020

This bill establishes the Emergency Social Insurance Program to coordinate and deliver direct payments to small businesses and workers affected by COVID-19 (i.e., coronavirus disease 2019).

Specifically, the Social Security Administration and the Department of Labor shall assist participating states, through existing state agency mechanisms, to offer expanded unemployment insurance for workers who are unemployed or idle because of COVID-19. Through an agreement with Labor, participating states must provide temporary emergency COVID-19 unemployment or short-time compensation payments to such workers, plus specified additional amounts for certain categories of workers. Such compensation payments shall not be regarded as income. If an individual receives compensation payments through a knowing false statement or misrepresentation, such individual shall be ineligible for further assistance and subject to prosecution.

The Small Business Administration must provide grants to certain small businesses that have suffered substantial economic injury as a result of COVID-19, giving priority consideration to (1) small businesses with fewer than 100 employees per location; (2) small businesses owned by minorities, women, or veterans; (3) small businesses where the owner's pay is equal to or less than 25 times the average employee's pay; and (4) small businesses that have not fired or laid off employees, reduced salaries, or changed any labor contracts. The amount of such grants shall not exceed necessary maintenance costs (e.g., payroll support and increased costs of obtaining unavailable materials), and any overpayment of grants shall be automatically considered as zero-interest loans. Such grant amounts shall be excluded from gross income, for income tax purposes.

]]> ABLE Act of 2020 Display Title ABLE Act of 2020 Official Title as Introduced To establish the Emergency Social Insurance Program in the Social Security Administration and Small Business Administration in order to address the injury concerns of certain small businesses and idle workers disproportionally affected by the COVID-19 crisis. Introduced in House IH Short Title(s) as Introduced ABLE Act of 2020 Introduced in House IH Short Title(s) as Introduced Assistance for Businesses and Local Economies Act Introduced in House IH Introduced in House 2020-03-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6409ih/xml/BILLS-116hr6409ih.xml 2020-03-27 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.