3.0.0 4560 2023-01-11T13:44:47Z 2023-01-11T13:44:47Z Senate S 2020-09-10 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2020-09-10T19:43:21Z Remote Recreational Small Business Interruption Program 116 7845 HR 2020-07-29 Referred to the House Committee on Small Business. Related bill CRS 2020-09-10 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2020-09-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN N K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2020-09-10 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2020-09-10 True 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 2020-09-10 Introduced in Senate 2020-09-23T13:37:53Z Remote Recreational Small Business Interruption Program Act

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 businesses.

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, or (2) any emergency advance under the economic impact disaster loan program.

]]> Remote Recreational Small Business Interruption Program Act Display Title Remote Recreational Small Business Interruption Program Act Short Title(s) as Introduced Remote Recreational Small Business Interruption Program Act Introduced in Senate IS Official Title as Introduced A bill 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 Senate IS Introduced in Senate 2020-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4560is/xml/BILLS-116s4560is.xml 2020-09-10 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.