BillCam

Business Investment And Capital

Number	Legislature	Summary	Subjects
HJR-90	Federal	Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Community Reinvestment Act Regulations". This joint resolution nullifies a rule published on June 5, 2020, by the Office of the Comptroller of the Currency within the Department of the Treasury. The rule generally revises the office's implementation of the Community Reinvestment Act (CRA), which requires banks to serve the credit needs of low- and moderate-income communities. Under the CRA, a bank receives credit, which influences the bank's performance rating, for conducting specified activities related to this requirement in designated assessment areas. Among other things, the rule revises qualifying CRA activities, sets forth new procedures for determining if an activity qualifies under the CRA, and expands designated assessment areas. Democrat: 100% (83) 100% Democrat support	Finance And Financial Sector Administrative Law And Regulatory Procedures Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Business Investment And Capital Congressional Oversight Credit And Credit Markets Department Of The Treasury
HB-7023	Federal	To require the Secretary of the Treasury to implement a program that provides financial assistance to sports facilities, museums, and community theaters, and for other purposes. This bill requires the Department of the Treasury to implement a program to provide financing of at least $1 billion for loans related to losses incurred as a result of COVID-19 (i.e., coronavirus disease 2019) to certain community-owned or private businesses that have contractual obligations for making lease, rent, or bond payments for publicly owned sports facilities, museums, and community theaters. Terms for such loans shall include (1) a 15-year term, (2) no requirement to provide collateral or a guaranty, and (3) a maximum loan amount of $25 million. An applicant for such a loan must make a good faith certification that, among other things, (1) the loan request is necessary to support the recipient's ongoing operations; and (2) the recipient will use the loan for purposes directly connected to contracted services, including performances and sporting events. Democrat: 59% (31) Republican: 40% (21) 59% Democrat support 40% Republican support	Commerce Business Investment And Capital Cardiovascular And Respiratory Health Economic Performance And Conditions Emergency Medical Services And Trauma Care Government Lending And Loan Guarantees Infectious And Parasitic Diseases Museums, Exhibitions, Cultural Centers Performing Arts Small Business
S.3787	Federal	Saving Our Street Act This bill establishes and provides funding for the Microbusiness Assistance Fund through which the Department of the Treasury must provide grants to specified small entities. Specifically, the bill provides $125 billion for grants to entities such as community small businesses and nonprofits that have suffered a drop in revenue of over 20% during the COVID-19 (i.e., coronavirus disease 2019) pandemic. Such a grant shall not exceed $250,000 and may only be used for certain purposes, including (1) rehiring or hiring furloughed employees; (2) payment of compensation, rent or mortgage, utilities, or insurance; and (3) providing health care and benefits to employees. Treasury is prohibited from denying a grant on the basis of any criminal history or involvement with the criminal legal system. Further, Treasury must give priority to people of color, veterans, women-owned community businesses, and socially and economically disadvantaged individuals, and 75% of appropriated amounts shall be provided to businesses or nonprofits owned or controlled by one or more socially and economically disadvantaged individuals. Democrat: 100% (8) 100% Democrat support	Commerce Appropriations Business Investment And Capital Cardiovascular And Respiratory Health Congressional Oversight Emergency Medical Services And Trauma Care Employee Benefits And Pensions Employee Hiring Employee Leave Employment Taxes
HB-6918	Federal	Paycheck Recovery Act of 2020 This bill directs the Department of the Treasury to establish a paycheck recovery program to provide grants for certain small businesses and employers that have lost revenue because of COVID-19 (i.e., coronavirus disease 2019) to pay wages and fixed expenses such as rent, utilities, and safety equipment. Treasury shall award such grants to employers that have experienced revenue losses above a 10% gross receipts threshold or to small businesses that employ 20 or fewer individuals and have annual gross receipts of less than $3 million. Recipients shall receive an initial, 90-day grant that covers the percentage of revenue loss multiplied by wages provided to an employee (up to a salary cap of $90,000), plus an additional 25% of total wages to cover business operating costs. Subsequent grants shall be disbursed on a monthly basis until the nationwide unemployment rate remains below 7% for three consecutive months, at which point Treasury shall terminate the program. An employer receiving a grant must meet certain conditions related to share repurchases, payments to shareholders or bondholders, and executive compensation and bonuses, as well as conditions relating to labor protections such as keeping employees on payroll and benefits. The bill also establishes a Congressional Paycheck Recovery Program Implementation Oversight Board to ensure employers that receive grants use the funds appropriately and comply with all conditions. Democrat: 99% (103) Republican: 0% (1) 99% Democrat support 0% Republican support	Commerce Accounting And Auditing Bankruptcy Business Investment And Capital Cardiovascular And Respiratory Health Congressional Operations And Organization Congressional Oversight Corporate Finance And Management Emergency Medical Services And Trauma Care Employee Hiring
HB-6953	Federal	Pandemic Responder Service Award Act Democrat: 100% (4) 100% Democrat support	Health Bank Accounts, Deposits, Capital Business Investment And Capital Cardiovascular And Respiratory Health Cemeteries And Funerals Disability And Paralysis Drug, Alcohol, Tobacco Use Emergency Medical Services And Trauma Care Employee Benefits And Pensions Employment And Training Programs
HB-6934	Federal	To amend the CARES Act to require the uniform treatment of nationally recognized statistical rating organizations under certain programs carried out in response to the COVID-19 emergency, and for other purposes. Democrat: 52% (11) Republican: 47% (10) 52% Democrat support 47% Republican support	Finance And Financial Sector Administrative Law And Regulatory Procedures Business Investment And Capital Cardiovascular And Respiratory Health Competition And Antitrust Congressional Oversight Credit And Credit Markets Department Of The Treasury Emergency Medical Services And Trauma Care Federal Reserve System
HB-6949	Federal	Saving Our Street Act This bill establishes and provides funding for the Microbusiness Assistance Fund through which the Department of the Treasury must provide grants to specified small entities. Specifically, the bill provides $125 billion for grants to entities such as community small businesses and nonprofits that have suffered a drop in revenue of over 20% during the COVID-19 (i.e., coronavirus disease 2019) pandemic. Such a grant shall not exceed $250,000 and may only be used for certain purposes, including (1) rehiring or hiring furloughed employees; (2) payment of compensation, rent or mortgage, utilities, or insurance; and (3) providing health care and benefits to employees. Treasury is prohibited from denying a grant on the basis of any criminal history or involvement with the criminal legal system. Further, Treasury must give priority to people of color, veterans, women-owned community businesses, and socially and economically disadvantaged individuals, and 75% of appropriated amounts shall be provided to businesses or nonprofits owned or controlled by one or more socially and economically disadvantaged individuals. Democrat: 100% (34) 100% Democrat support	Commerce Appropriations Business Investment And Capital Cardiovascular And Respiratory Health Congressional Oversight Emergency Medical Services And Trauma Care Employee Benefits And Pensions Employee Hiring Employee Leave Employment Taxes
HB-6783	Federal	American Space Commerce Act of 2020 This bill allows a special allowance for bonus depreciation for qualified domestic space launch property and extends the termination of such allowance until the end of 2032. The bill defines qualified domestic space launch property as property placed in service before January 1, 2023, that is (1) a space transportation vehicle or payload that is launched from the United States, or (2) other property or equipment placed in service to facilitate a space launch from the United States. Republican: 50% (1) Democrat: 50% (1) 50% Republican support 50% Democrat support	Taxation Aviation And Airports Business Investment And Capital Income Tax Deductions Space Flight And Exploration Spacecraft And Satellites
HB-6751	Federal	Caring for Startup Employees Act of 2020 This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass certain small businesses that have accepted funding from an investment company. The investment company may not be a majority stakeholder of the small business, and the small business may not distribute any proceeds of a program loan to the investment company, including through dividends, redemptions, security repurchases, or other transfers or transactions. Democrat: 93% (14) Republican: 6% (1) 93% Democrat support 6% Republican support	Commerce Business Investment And Capital Cardiovascular And Respiratory Health Emergency Medical Services And Trauma Care Financial Services And Investments Government Lending And Loan Guarantees Infectious And Parasitic Diseases Small Business Wages And Earnings
HB-6679	Federal	To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes. This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees. Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales. Republican: 100% (1) 100% Republican support	Commerce Business Investment And Capital Cardiovascular And Respiratory Health Emergency Medical Services And Trauma Care Government Lending And Loan Guarantees Health Technology, Devices, Supplies Infectious And Parasitic Diseases Manufacturing Small Business
HB-6529	Federal	COVID-19-Impacted Small Business Opportunity Zone Act This bill designates certain small businesses affected by COVID-19 (i.e., coronavirus disease 2019) as qualified opportunity zone businesses. This designation makes certain tax benefits, including favorable capital gains treatment, available to affected businesses that have experienced supply chain disruptions, staffing challenges, decrease in sales or customers, or partial or full suspension of business. Republican: 33% (1) Democrat: 66% (2) 33% Republican support 66% Democrat support	Taxation Business Investment And Capital Capital Gains Tax Cardiovascular And Respiratory Health Economic Development Economic Performance And Conditions Emergency Medical Services And Trauma Care Income Tax Deferral Income Tax Rates Infectious And Parasitic Diseases
HB-6506	Federal	To amend the Small Business Act to modify the paycheck protection program, and for other purposes. This bill modifies and establishes additional funding for the Paycheck Protection Program of the Small Business Administration that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill (1) extends the duration of the program; (2) authorizes loan recipients under the program to request additional, forgivable amounts; and (3) extends the deferral period for such loans to at least one year. Democrat: 88% (40) Republican: 11% (5) 88% Democrat support 11% Republican support	Commerce Appropriations Business Investment And Capital Cardiovascular And Respiratory Health Emergency Medical Services And Trauma Care Executive Agency Funding And Structure Government Lending And Loan Guarantees Infectious And Parasitic Diseases Small Business Administration Small Business
HB-6342	Federal	SBIC Capital Infusion Act of 2020 This bill provides economic assistance to small businesses affected by COVID-19 (i.e., coronavirus disease 2019), and it reestablishes the New Markets Venture Capital Program. Specifically, the bill provides additional leverage for small business investment companies (SBICs) by requiring the Small Business Administration (SBA), when calculating the maximum amount of outstanding leverage made available to SBICs, to exclude a certain amount of outstanding leverage to small businesses affected by COVID-19. Any excluded amounts must be used solely for working capital purposes. The bill also reestablishes the New Markets Venture Capital Program, through which the SBA, in partnership with investment companies, encourages developmental venture capital investment in small businesses located in low-income areas. Democrat: 100% (1) 100% Democrat support	Commerce Business Investment And Capital Cardiovascular And Respiratory Health Emergency Medical Services And Trauma Care Infectious And Parasitic Diseases Small Business
S.3551	Federal	Small Business Access to Capital Act of 2020 Democrat: 100% (6) 100% Democrat support	Commerce Appropriations Business Investment And Capital Credit And Credit Markets Credit And Credit Markets Government Lending And Loan Guarantees Government Lending And Loan Guarantees Manufacturing Manufacturing Small Business
S.3554	Federal	COVID-19 RELIEF for Small Businesses Act of 2020 COVID-19 Recovery by Enhancing Loan, Investment, and Education Funds for Small Businesses Act of 2020 This bill establishes measures to provide assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019). Specifically, the Small Business Administration (SBA) must (1) provide economic injury grants for certain small businesses that have suffered substantial economic injury resulting from COVID-19; (2) establish a program to make direct loans to small businesses, up to 50% of which may be forgiven; and (3) pay the principal, interest, and associated fees on certain SBA loans, including microloans, for a six-month period. The bill also temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans; revises the Microloan Program to increase available funds, extend repayment terms, and waive certain requirements for technical assistance grants; provides additional funding for small business economic development programs; revises and makes permanent the SBA's Intermediary Lending Program, the Community Advantage Loan Program, the Small Business Innovation Research Program, and the Small Business Technology Transfer Program; establishes the Innovation Centers Program whereby the SBA shall enter into cooperative agreements with certain entities to spur innovation and economic growth in underserved and rural communities; and establishes the Office of Emerging Markets to oversee the planning, coordination, and implementation of SBA efforts to enhance the economic well-being of small businesses in emerging markets. The federal government must grant certain flexibilities (e.g., additional performance time) to small business federal contractors and expedite the contract award process. Democrat: 100% (10) 100% Democrat support	Commerce Accounting And Auditing Administrative Law And Regulatory Procedures Advanced Technology And Technological Innovations Agricultural Marketing And Promotion Appropriations Bank Accounts, Deposits, Capital Business Education Business Investment And Capital Buy American Requirements
HB-6304	Federal	Small Business Repayment Relief Act of 2020 This bill requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period. The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements. Democrat: 100% (8) 100% Democrat support	Commerce Commerce Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Business Investment And Capital Cardiovascular And Respiratory Health Credit And Credit Markets Emergency Medical Services And Trauma Care Government Lending And Loan Guarantees Infectious And Parasitic Diseases
HB-6312	Federal	COVID-19 Relief for Small Businesses Act of 2020 This bill establishes measures to support small businesses impacted by COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must temporarily make or guarantee loans for specified uses to small businesses in a state or territory with a case of COVID-19, up to 50% of which may be forgiven; pay the principal, interest, and associated fees owed on certain small business loans for a six-month period; provide grants to small businesses suffering substantial economic injury because of COVID-19; provide grants to small business development centers, women's business centers, and chapters of the Service Corps of Retired Executives for specified purposes; reimburse grant recipients under the State Trade Expansion Program for an amount of losses related to COVID-19; provide SBA resources and services in the 10 most commonly spoken languages, other than English, in the United States, including Mandarin, Cantonese, Japanese, and Korean. In addition, the SBA may make economic injury disaster loans to small businesses in response to COVID-19 and waive certain requirements on such loans. The bill also temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans; revises the Microloan Program; provides additional leverage for small businesses affected by COVID-19; reestablishes the New Markets Venture Capital Program; and requires a federal agency to provide additional performance time to small business contractors and to pay such contractors regardless of delay due to COVID-19. Democrat: 100% (3) 100% Democrat support	Commerce Administrative Law And Regulatory Procedures Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Business Investment And Capital Cardiovascular And Respiratory Health Commuting Competitiveness, Trade Promotion, Trade Deficits Computers And Information Technology Congressional Oversight
S.3519	Federal	A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes. This bill requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period. The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements. Democrat: 87% (14) Independent: 6% (1) Republican: 6% (1) 87% Democrat support 6% Independent support 6% Republican support	Commerce Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Business Investment And Capital Cardiovascular And Respiratory Health Credit And Credit Markets Emergency Medical Services And Trauma Care Government Lending And Loan Guarantees Infectious And Parasitic Diseases Interest, Dividends, Interest Rates
HB-6268	Federal	SBA Business Stabilization Direct Loan Program Act of 2020 This bill requires the Small Business Administration (SBA) to temporarily make loans directly to small businesses located in a U.S. state or territory with a confirmed or presumed positive case of COVID-19 (i.e., coronavirus disease 2019). A recipient of such a loan may use the funds to, among other things (1) make periodic payments of principal and interest on outstanding SBA loans; (2) provide benefits to employees such as disability insurance, sick leave, and paid family leave; (3) pay wages to employees; or (4) provide employees and patrons with the necessary items specified by a public health authority to mitigate the spread of the coronavirus. The SBA shall accept any available collateral to secure such a loan and shall not decline to make a loan to an otherwise eligible borrower due solely to inadequate collateral. Democrat: 100% (9) 100% Democrat support	Commerce Administrative Law And Regulatory Procedures Business Investment And Capital Cardiovascular And Respiratory Health Commuting Computers And Information Technology Emergency Medical Services And Trauma Care Employee Benefits And Pensions Employee Leave Employment Taxes
HB-6059	Federal	To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones to the District of Columbia. This bill designates an empowerment zone in the District of Columbia. (Empowerment zones are federally designated geographic areas where certain federal tax incentives and grants are allowed to increase investment and employment.) Democrat: 100% (1) 100% Democrat support	Taxation Business Investment And Capital District Of Columbia Economic Development Employee Hiring Income Tax Credits Income Tax Deductions Income Tax Exclusion Securities Wages And Earnings

Title: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Community Reinvestment Act Regulations".