To establish a payment program for unexpected loss of markets and revenues to timber harvesting and timber hauling businesses due to the COVID-19 pandemic, and for other purposes.

HB 7690 To establish a payment program for unexpected loss of markets and revenues to timber harvesting and timber hauling businesses due to the COVID 19 pandemic, and for other purposes

US Congress 116th Congress

To establish a payment program for unexpected loss of markets and revenues to timber harvesting and timber hauling businesses due to the COVID-19 pandemic, and for other purposes.
HB-7690


About HB-7690

Directs the Department of Agriculture (USDA) to make payments to a timber harvesting business or timber hauling business that, as a result of the COVID-19 (i.e., coronavirus disease 2019) pandemic, experienced a loss of not less than 10% in gross revenue during the period beginning on January 1, 2020, and ending on July 31, 2020, as compared to its gross revenue during the same period in 2019. The amount of a payment made to an eligible entity shall be equal to 10% of the gross revenue of the business during the period beginning on January 1, 2019, and ending on July 31, 2019. USDA shall make such a payment only to a business that certifies that the payment will be used only for operating expenses.

  

Bill Texts

Introduced 08/10/2020

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History

Referred To The Subcommittee On Conservation And Forestry.

09/03/2020

Introduced In House

07/20/2020

Referred To The House Committee On Agriculture.

07/20/2020