summary
Introduced
03/19/2020
03/19/2020
In Committee
03/20/2020
03/20/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To establish the Office of Coronavirus COVID-19 Small Business Recovery Grants in the Small Business Administration to compensate certain small business concerns for substantial economic injury, and for other purposes. This bill establishes within the Small Business Administration (SBA) the Office of Coronavirus COVID-19 Small Business Recovery Grants to compensate small businesses, located in a qualified disaster area, for substantial economic injury they suffered resulting from COVID-19 (i.e., coronavirus disease 2019) beginning December 1, 2019, and ending December 31, 2021. This compensation (1) excludes interest on the amount of the payment before the settlement or payment of a claim or any punitive or noncompensatory damages; and (2) is limited to $100,000, except in cases where the SBA determines that a greater amount up to $250,000 is appropriate.
AI Summary
This bill establishes the Office of Coronavirus COVID-19 Small Business Recovery Grants within the Small Business Administration (SBA) to compensate small businesses located in qualified disaster areas for substantial economic injury resulting from COVID-19 between December 1, 2019, and December 31, 2021. The compensation is limited to $100,000 per small business, except in cases where the SBA determines a greater amount up to $250,000 is appropriate, and excludes interest, punitive, or noncompensatory damages. The bill sets forth the process for submitting, handling, and paying claims, as well as provisions for recovering improperly paid funds, appealing decisions, and reporting and auditing the program. The bill authorizes $975 million for payment of claims and $25 million for the Office to administer the claims process, with the authority terminating 30 months after enactment.
Committee Categories
Business and Industry
Sponsors (5)
Sheila Jackson-Lee (D)*,
Debra Haaland (D),
Eleanor Holmes Norton (D),
Tom Suozzi (D),
Bennie Thompson (D),
Last Action
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. (on 03/20/2020)
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/house-bill/6292/all-info |
| BillText | https://www.congress.gov/116/bills/hr6292/BILLS-116hr6292ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6292/BILLS-116hr6292ih.pdf.pdf |
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