Business Expenses
US Congress 116th Congress
RESTAURANTS Act of 2020 Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 [S.4012]
[Food ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
[Budget and Spending ]
Temporarily establishes and provides funding for the Restaurant Revitalization Fund, from which the Department of the Treasury shall make grants to eligible food and beverage purveyors to cover specified costs. For the grant program's initial period, Treasury must (1) prioritize awarding grants to marginalized and underrepresented communities, and (2) only award grants to eligible food and beverage purveyors with annual revenues of less than $1.5 million. Further, an entity that received a loan under the Paycheck Protection Program established to
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Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 06/18/2020
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P4 Act Prioritized Paycheck Protection Program Act [HB-7241]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
[Budget and Spending ]
[Public Health ]
Authorizes new lending under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for specified small businesses that have experienced a significant loss in revenue. Specifically, the bill authorizes one supplemental paycheck protection loan for a small business that (1) has no more than 100 employees, (2) operates under a sole proprietorship or as an independent contractor, or (3) is self-employed. To be eligible for a supplemental paycheck protection loan, such small
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Sponsored by: Rep. James R. Langevin
Introduced In House on 06/18/2020
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A bill to amend the Small Business Act to provide that certain chambers of commerce and destination marketing organizations are eligible for loans under the paycheck protection program, and for other purposes. [S.3992]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Tourism ]
[Funding ]
[Grants ]
[Budget and Spending ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass chambers of commerce and certain destination marketing organizations with 300 or fewer employees.
Sponsored by: Sen. Angus S. King
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 06/17/2020
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A bill to provide that payments for waste and recycling collection services are allowable expenses under the paycheck protection program and eligible for loan forgiveness under the CARES Act, and for other purposes. [S.3984]
[Waste Management / Recycling ]
[Small Business ]
[Funding ]
[Grants ]
[Disaster Relief ]
[Economic Development ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include amounts from a paycheck protection loan that a recipient expends for waste and recycling collection services.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 06/17/2020
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Work Safe Act [S.3966]
[Taxes ]
[Healthcare ]
[Labor, Jobs, Employment ]
[Small Business ]
[Public Health ]
[Economic Development ]
[Funding ]
[Grants ]
Allows employers a tax credit for providing testing for COVID-19 (i.e., coronavirus disease 2019). The bill also requires the Centers for Disease Control and Prevention to disclose the COVID-19 weekly positive case rate for each state and the United States for the most recent calendar week.
Sponsored by: Sen. Ted Cruz
Read Twice And Referred To The Committee On Finance. on 06/16/2020
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Small Business PPE Tax Credit Act [HB-7216]
[Small Business ]
[Taxes ]
[Healthcare ]
[Veterans ]
[Nonprofit ]
[Funding ]
[Grants ]
[Public Health ]
[Agriculture ]
Allows certain small businesses a tax credit for the cost of qualified personal protective equipment, up to $25,000 in a taxable year. The entities eligible for such credit include farms, nonprofit organizations, veterans organizations, and Tribal business concerns. The bill defines qualified personal protective equipment to include the cost of equipment for reducing the risk of coronavirus (i.e., the virus that causes COVID-19) transmission. including gloves, facial masks and protective gear, and cleaning supplies.
Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 06/15/2020
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PPP Access for Rural Hospitals Act [HB-7208]
[Healthcare ]
[Small Business ]
[Funding ]
[Public Health ]
[Economic Development ]
Includes within the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), certain rural hospitals or hospitals serving low-income patients that are designated as critical care hospitals.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 06/15/2020
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LIFE NOW Act Limiting Infant Fatality and Empowering Nonprofit Organization Workforces [HB-7211]
[Small Business ]
[Healthcare ]
[Veterans ]
[Funding ]
[Grants ]
[Nonprofit ]
[Public Health ]
Modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill expands the program to encompass any nonprofit organization regardless of size, and it strikes the affiliation requirements applicable to nonprofit organizations and veterans organizations. The bill also makes any entity that provides abortions ineligible to receive a paycheck protection loan. An exception is allowed for abortions performed at hospitals or if the pregnancy is the result
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Sponsored by: Rep. Alexander Mooney
Introduced In House on 06/15/2020
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RESTAURANTS Act of 2020 Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 [HB-7197]
[Food ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
Temporarily establishes and provides funding for the Restaurant Revitalization Fund, from which the Department of the Treasury shall make grants to eligible food and beverage purveyors to cover specified costs. The amount of such a grant shall be reduced by the amount of (1) any emergency grant received for an economic injury disaster loan, or (2) any paycheck protection loan amount forgiven under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). For the grant program's
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Sponsored by: Rep. Sean Patrick Maloney
Sponsor Introductory Remarks On Measure. (cr H2598-2599) on 06/29/2020
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Electric Power Infrastructure Improvement Act [HB-7172]
[Energy ]
[Taxes ]
[Infrastructure ]
[Technology and Innovation ]
Allows a tax credit for investment in a qualifying electric power transmission line property. The bill defines qualifying electric power transmission line property as (1) any overhead, submarine, or underground transmission facility that is capable of transmitting electricity at a voltage of not less than 345 kilovolts, has a transmission capacity of not less than 1,000 megawatts, is an alternating current or direct transmission line, and delivers power produced in either a rural area or offshore; and (2) conductors or cables, or other specified
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Sponsored by: Rep. Steven A. Horsford
Introduced In House on 06/11/2020
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Paycheck Protection for Producers Act [HB-7175]
[Agriculture ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
Modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income. Under current law, such farmers must calculate their paycheck protection loan amount based on net income.
Sponsored by: Rep. Cheri Bustos
Introduced In House on 06/11/2020
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Bring Entrepreneurial Advancements To Consumers Here In North America Act [S.3945]
[Pharmaceuticals ]
[Healthcare ]
[Manufacturing ]
[Economic Development ]
[Taxes ]
[Trade ]
[Small Business ]
Allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.
Sponsored by: Sen. Ted Cruz
Read Twice And Referred To The Committee On Finance. on 06/11/2020
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Paycheck Protection for Producers Act [S.3918]
[Agriculture ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
Modifies the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), by allowing certain farmers to calculate (or recalculate) their paycheck protection loan amount based on 2019 gross income. Under current law, such farmers must calculate their paycheck protection loan amount based on net income.
Sponsored by: Sen. John Thune
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 06/09/2020
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PPP for Critical Access Hospitals Act [S.3907]
[Healthcare ]
[Small Business ]
[Funding ]
[Public Health ]
[Economic Development ]
Expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass critical access hospitals. A critical access hospital is a hospital that, among other things, is located in a rural area, furnishes 24-7 emergency services, and has 25 or fewer inpatient beds.
Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 06/08/2020
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PPP Accountability Act [HB-7093]
[Small Business ]
[Funding ]
[Budget and Spending ]
[Technology and Innovation ]
[Cybersecurity ]
[Data Privacy ]
[Public Safety ]
[Law Enforcement ]
[Economic Development ]
Requires the Small Business Administration (SBA) to publish on its website certain information regarding any loan of $1 million or greater made under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Such information shall include the identity of a paycheck protection loan recipient, the identity of the lender, and the amount of the paycheck protection loan. With respect to each application for loan forgiveness under the program, the SBA must publish (1) the amount of
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Sponsored by: Rep. Sharice Davids
Introduced In House on 06/04/2020
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Paycheck Protection Program Second Chance Act [S.3865]
[Small Business ]
[Crime ]
[Criminal Justice ]
[Funding ]
[Grants ]
[Public Safety ]
[Economic Development ]
Requires specified treatment of certain criminal violations under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides that an entity shall not be ineligible for a paycheck protection loan if certain owners have prior arrests or convictions, unless the owner (1) is incarcerated as of the date of the loan application, or (2) has been convicted of a felony of financial fraud or deception during the five-year period prior to the loan application.
Sponsored by: Sen. Cory A. Booker
Committee On Small Business And Entrepreneurship. Hearings Held. on 06/10/2020
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US Congress 116th Congress
CORE Act Coronavirus Oversight and Recovery Ethics Act of 2020 [S.3855]
[Budget and Spending ]
[Small Business ]
[Funding ]
[Grants ]
[Law Enforcement ]
[Public Safety ]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Ethics ]
[Labor, Jobs, Employment ]
[Economic Development ]
Establishes requirements for oversight, accountability, and transparency in the disbursement and supervision of COVID-19 (i.e., coronavirus disease 2019) relief funds. Among other things, the bill prohibits conflicts of interest in the selection or hiring of contractors or advisors and in the distribution of relief grants and loans; allows inspectors general to be fired only for specified reasons; grants the Congressional Oversight Commission, established in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), subpoena authority for
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 06/01/2020
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PPP TIME Act Paycheck Protection Program Timeframe Modification and Extension Act [S.3859]
[Small Business ]
[Labor, Jobs, Employment ]
[Taxes ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
[Law Enforcement ]
[Disaster Relief ]
Modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill extends the program through August 15, 2020, and it allows a loan recipient to select any eight-week period within the program's duration to use their loan. The bill also prohibits the Small Business Administration from requiring a paycheck protection loan recipient to use at least 50% of loan amounts for payroll costs. Further, the bill defers payment of applicable employment taxes for
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Sponsored by: Sen. Kelly Loeffler
Read Twice And Referred To The Committee On Finance. on 06/01/2020
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US Congress 116th Congress
CORE Act Coronavirus Oversight and Recovery Ethics Act of 2020 [HB-7076]
[Budget and Spending ]
[Small Business ]
[Funding ]
[Grants ]
[Law Enforcement ]
[Public Safety ]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Ethics ]
[Labor, Jobs, Employment ]
[Data Privacy ]
[Economic Development ]
[Public Health ]
[Healthcare ]
[Finance ]
Establishes requirements for oversight, accountability, and transparency in the disbursement and supervision of COVID-19 (i.e., coronavirus disease 2019) relief funds. Among other things, the bill prohibits conflicts of interest in the selection or hiring of contractors or advisors and in the distribution of relief grants and loans; allows inspectors general to be fired only for specified reasons; grants the Congressional Oversight Commission, established in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), subpoena authority for
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 06/01/2020
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✔
Paycheck Protection Program Flexibility Act of 2020 [HB-7010]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Budget and Spending ]
[Public Health ]
[Economic Development ]
[Taxes ]
[Law Enforcement ]
[Disaster Relief ]
Modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan with a remaining balance after forgiveness. The bill also extends the covered period during which a loan recipient may use such funds for certain expenses while remaining eligible for forgiveness. The bill raises the non-payroll portion of a forgivable covered loan
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Sponsored by: Rep. James R. Langevin
Became Public Law No: 116-142. (txt | Pdf) on 06/05/2020