summary
Introduced
03/18/2020
03/18/2020
In Committee
03/18/2020
03/18/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to provide grants to small business concerns, private nonprofit organizations, and small agricultural cooperatives affected by COVID-19, and for other purposes. This bill requires the Small Business Administration to provide economic injury grants to certain small businesses, private nonprofit organizations, and small agricultural cooperatives that have suffered a substantial economic injury as a result of COVID-19 (i.e., coronavirus disease 2019).
AI Summary
This bill, the COVID-19 Recovery Grants for Small Businesses Act, requires the Small Business Administration (SBA) to provide economic injury grants to certain small businesses, private non-profit organizations, and small agricultural cooperatives that have suffered a substantial economic loss due to COVID-19. The grants can be used for purposes such as providing paid sick leave, maintaining payroll, making rent/mortgage payments, and repaying obligations that cannot be met due to revenue losses. The bill establishes eligibility criteria, grant amounts, and procedures to prevent waste, fraud, and abuse. It also requires the SBA Inspector General to conduct an audit of the grants and authorizes the necessary appropriations, with the authority to provide grants terminating on September 30, 2021.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 03/18/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/3518/all-info |
| BillText | https://www.congress.gov/116/bills/s3518/BILLS-116s3518is.pdf |
| Bill | https://www.congress.gov/116/bills/s3518/BILLS-116s3518is.pdf.pdf |
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