Bill > S02683

This bill creates a new Federal Contract Workers Assistance Program in New York State to help small businesses financially impacted by federal government shutdowns. Under the program, eligible small businesses with current federal government contracts can apply for loans to cover payroll expenses. To qualify, businesses must demonstrate they have been negatively affected financially by a federal government shutdown. Applicants must submit a detailed application, provide documentation proving eligibility, and agree to allow information sharing between state departments like taxation and labor. The loans must be repaid within 12 calendar months and can only be used for payroll purposes. The loan amount will be determined by the commissioner but cannot exceed the funds appropriated for the program. The bill requires the commissioner to establish rules and regulations for implementing the program, and businesses must certify compliance with environmental, worker protection, and tax laws. The program aims to provide financial relief and support to small businesses during federal government shutdowns, helping them maintain their workforce during periods of economic disruption.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S2683