3.0.0 3742 2023-01-11T13:42:40Z 2023-01-11T13:42:40Z Senate S 2020-05-14 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Hearings by 2020-07-23T14:00:00Z Referred to 2020-05-14T18:56:14Z RELIEF for Main Street Act 116 6907 HR 2020-05-15 Referred to the House Committee on Small Business. Identical bill CRS Heroes Small Business Lifeline Act 116 4818 S 2020-12-10 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS 2020-07-23 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Hearings held. Committee 2020-05-14 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-05-14 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT 2020-05-14 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2020-05-14 True Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2020-07-21 False Commerce Appropriations Cardiovascular and respiratory health Department of the Treasury Economic development Emergency medical services and trauma care Executive agency funding and structure Federal-Indian relations Government information and archives Government lending and loan guarantees Indian social and development programs Infectious and parasitic diseases Minority and disadvantaged businesses Rural conditions and development Small business State and local finance State and local government operations Women in business Commerce 00 2020-05-14 Introduced in Senate 2020-06-16T16:59:05Z Recharge and Empower Local Innovation and Entrepreneurs Fund for Main Street Act or the RELIEF for Main Street Act

This bill establishes for one year the Small Business Local Relief Program, which shall allocate resources to states, local governments, and Native American tribes for providing assistance to certain small businesses and nonprofits that have lost revenue due to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill provides $50.5 billion for such assistance, of which (1) $35 billion shall be distributed based on the Community Development Block Grant formula (70% allocated to larger cities and counties and 30% to rural communities), (2) $15 billion shall be allocated to provide financing exclusively to businesses in rural areas, and (3) $500 million shall be for Native American Tribes.

These amounts shall be used to start or scale a local small business emergency fund or to support organizations that provide technical assistance to small businesses or nonprofits. Such local funds or organizations may then use the amounts to assist small businesses (including sole proprietorships, independent contractors, and self-employed individuals) and nonprofits that (1) employ no more than 20 full-time employees (50 if the recipient is located in a low-income community), (2) has experienced a loss of revenue because of COVID-19, and (3) satisfies any additional requirements imposed by the administrator of the fund.

A state, local government, or Native American tribe that receives funds under the bill must report specified demographic and disbursement information.

]]> RELIEF for Main Street Act Display Title RELIEF for Main Street Act Short Title(s) as Introduced RELIEF for Main Street Act Introduced in Senate IS Short Title(s) as Introduced Recharge and Empower Local Innovation and Entrepreneurs Fund for Main Street Act Introduced in Senate IS Official Title as Introduced A bill to establish a program in the Department of the Treasury to allocate funds to States, units of general local government, and Indian Tribes to provide assistance to certain small businesses, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-05-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3742is/xml/BILLS-116s3742is.xml 2020-07-23 Committee on Small Business and Entrepreneurship. Hearings held. 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.