3.0.0 3752 2023-01-11T13:42:40Z 2023-01-11T13:42:40Z Senate S 2020-05-18 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2020-06-02T14:00:00Z Referred to 2020-05-18T22:46:44Z SMART Act 116 6954 HR 2020-05-19 Referred to the House Committee on Oversight and Reform. Identical bill CRS 2020-06-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2020-05-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-05-18 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2020-05-18 True H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS 2020-05-18 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2020-05-18 True M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2020-05-18 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2020-05-18 True S001191 Sen. Sinema, Kyrsten [D-AZ] Kyrsten Sinema D AZ 2020-05-21 False Government Operations and Politics Appropriations Cardiovascular and respiratory health Disaster relief and insurance Economic performance and conditions Emergency medical services and trauma care Federal-Indian relations Income tax credits Income tax deductions Income tax rates Infectious and parasitic diseases Poverty and welfare assistance State and local finance State and local government operations State and local taxation User charges and fees Government Operations and Politics 00 2020-05-18 Introduced in Senate 2020-06-17T21:27:14Z State Municipal Assistance for Response and Transition Act or the SMART Act

This bill provides $500 billion for a Coronavirus Local Community Stabilization Fund to address the economic effects of the COVID-19 (i.e., coronavirus disease 2019) pandemic on state, local, and tribal budgets. The bill also expands the uses of payments from the Coronavirus Relief Fund.

The bill allows a jurisdiction to use funding from the Coronavirus Local Community Stabilization Fund or Coronavirus Relief Fund for (1) necessary expenditures related to COVID-19 that were not accounted for in the jurisdiction's budget, including the nonfederal share contribution requirement for disaster or emergency assistance; or (2) expenditures the jurisdiction would otherwise be unable to make because of decreased or delayed revenues. Funding from the Coronavirus Local Community Stabilization Fund may be used for expenditures through 2022.

The bill (1) reserves specified funds for payments to tribal governments; (2) apportions funds to states based on population, infected population, and revenue lost; (3) provides for payments to counties and municipalities based on lost revenue.

The bill conditions funding on each state agreeing to fair and equitable budgeting based on need.

The Office of Inspector General of the Department of the Treasury may use amounts appropriated to carry out oversight and recoupment activities under this bill.

]]> SMART Act Display Title SMART Act Short Title(s) as Introduced SMART Act Introduced in Senate IS Short Title(s) as Introduced State Municipal Assistance for Response and Transition Act Introduced in Senate IS Official Title as Introduced A bill to amend title VI of the Social Security Act to establish a Coronavirus Local Community Stabilization Fund. Introduced in Senate IS Introduced in Senate 2020-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3752is/xml/BILLS-116s3752is.xml 2020-06-02 Committee on Banking, Housing, and Urban Affairs. 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.