3.0.0 7845 2023-01-11T13:45:47Z 2023-01-11T13:45:47Z House HR 2020-07-29 116 [Congressional Record Volume 166, Number 134 (Wednesday, July 29, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PETERSON:H.R. 7845.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H3981]]]> hssm00 Small Business Committee House Standing Referred to 2020-07-29T13:06:00Z Remote Recreational Small Business Interruption Program Act 116 4560 S 2020-09-10 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS 2020-07-29 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-07-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-29 Introduced in House IntroReferral 1000 9 Library of Congress P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 N Commerce Canada Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Outdoor recreation Small business Commerce 00 2020-07-29 Introduced in House 2020-09-23T19:16:38Z Remote Recreational Small Business Interruption Program

This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain remote recreational businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019).

Eligible remote recreational businesses must (1) have experienced a loss in revenue that is greater than 50% between March 1, 2020, and July 1, 2020, as compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border restricted the ability of American customers to access the location of such business.

The maximum loan amount shall be equal to 75% of the business's FY2019 revenue, and the SBA shall forgive 100% of the value of such loan, less the amount the borrower received from (1) any other loan forgiveness program, and (2) any emergency advance under the economic impact disaster loan program.

]]> Remote Recreational Small Business Interruption Program Display Title Remote Recreational Small Business Interruption Program Short Title(s) as Introduced Remote Recreational Small Business Interruption Program Introduced in House IH Official Title as Introduced To direct the Administrator of the Small Business Administration to establish a forgivable loan program for remote recreational businesses, and for other purposes. Introduced in House IH Introduced in House 2020-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7845ih/xml/BILLS-116hr7845ih.xml 2020-07-29 Referred to the House Committee on Small Business. 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.