3.0.0 4047 2023-01-11T13:46:10Z 2023-01-11T13:46:10Z Senate S 2020-06-23 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-06-23T21:17:00Z Saving Our Street Act 116 6949 HR 2020-05-19 Referred to the Committee on Small Business, and in addition to the Committee on the Budget, 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. Identical bill CRS Saving Our Street Act 116 3787 S 2020-05-20 Read twice and referred to the Committee on Finance. Identical bill CRS 2020-06-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-06-23 Introduced in Senate IntroReferral 10000 9 Library of Congress H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. N G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2020-06-23 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2020-06-23 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2020-06-23 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2020-06-23 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2020-06-23 True D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2020-06-23 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2020-06-23 True Commerce Appropriations Business investment and capital Cardiovascular and respiratory health Congressional oversight Emergency medical services and trauma care Employee benefits and pensions Employee hiring Employee leave Employment taxes Health care costs and insurance Health care coverage and access Infectious and parasitic diseases Minority and disadvantaged businesses Self-employed Small business Unemployment Veterans' education, employment, rehabilitation Wages and earnings Women in business Commerce 00 2020-06-23 Introduced in Senate 2020-07-30T18:10:50Z Saving Our Street Act

This bill establishes and provides funding for the Microbusiness Assistance Fund through which the Department of the Treasury must provide grants to specified small entities.

Specifically, the bill provides $125 billion for grants to entities such as community small businesses and nonprofits that have suffered a drop in revenue of over 20% during the COVID-19 (i.e., coronavirus disease 2019) pandemic. Such a grant shall not exceed $250,000 and may only be used for certain purposes, including (1) rehiring or hiring furloughed employees; (2) payment of compensation, rent or mortgage, utilities, or insurance; and (3) providing health care and benefits to employees.

Treasury is prohibited from denying a grant on the basis of any criminal history or involvement with the criminal legal system. Further, Treasury must give priority to people of color, veterans, women-owned community businesses, and socially and economically disadvantaged individuals, and 75% of appropriated amounts shall be provided to businesses or nonprofits owned or controlled by one or more socially and economically disadvantaged individuals.

]]> Saving Our Street Act Display Title Saving Our Street Act Short Title(s) as Introduced Saving Our Street Act Introduced in Senate IS Official Title as Introduced A bill to permit the Secretary of the Treasury to provide direct funding to certain entities. Introduced in Senate IS Introduced in Senate 2020-06-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4047is/xml/BILLS-116s4047is.xml 2020-06-23 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.