Department Of The Treasury
US Congress 116th Congress
Pandemic Risk Insurance Act of 2020 [HB-6983]
[Insurance ]
[Public Health ]
[Healthcare ]
[Disaster Relief ]
[Small Business ]
[Economic Development ]
[Budget and Spending ]
Establishes the Pandemic Risk Reinsurance Program within the Department of the Treasury. The program generally provides compensation to insurers if they incur losses as a result of coverage related to pandemics and outbreaks of disease. Insurers may elect to participate in the program if they meet certain criteria. Specifically, insurers participating in the program must offer, in all business interruption insurance policies, coverage for public health emergencies related to an outbreak of infectious disease or a pandemic declared on or after January
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Sponsored by: Rep. Ted Lieu
Introduced In House on 05/22/2020
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Paycheck Security Act [S.3793]
[Taxes ]
[Small Business ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Economic Development ]
Modifies and increases the employee retention tax credit, allows a refundable payroll tax credit for the operating costs of employers, and provides a rebate in 2020 for certain small businesses and other business entities. The bill also authorizes additional appropriations to carry out the provisions of this bill and to provide for oversight by the Inspector General for Tax Administration of the Department of the Treasury. The Government Accountability Office must report on the effectiveness of the operative provisions of this bill.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/21/2020
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Monthly Economic Crisis Support Act [S.3784]
[Budget and Spending ]
[Consumer Protection ]
[Healthcare ]
[Public Health ]
[Taxes ]
[Funding ]
[Grants ]
[Inflation ]
[Law Enforcement ]
[Poverty ]
[Public Safety ]
[Disaster Relief ]
Provides for a monthly rebate to individuals and their dependents for the period beginning March 2020, and ending on the third month after the date on which the Department of Health and Human Services determines that the COVID-19 (i.e., coronavirus disease 2019) public health emergency has ended. The rebate is $2,000 per individual ($4,000 for individuals filing a joint tax return) plus $2,000 for each dependent of such individual, not exceeding three dependents. The rebate is reduced for individuals whose adjusted gross income exceeds specified
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Sponsored by: Sen. Edward Markey
Read Twice And Referred To The Committee On Finance. on 05/20/2020
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SIGHT Act Seeking Inspector General's Honest Testimony Act [S.3766]
[Budget and Spending ]
[Funding ]
[Grants ]
[Law Enforcement ]
[Public Safety ]
Prohibits the President from blocking inspectors general from reporting to Congress regarding the implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and requires a report to Congress under specified circumstances involving denial of access to records under such act. Specifically, if the Department of the Treasury Office of Inspector General, the Pandemic Response Accountability Committee, or the Office of the Special Inspector General for Pandemic Recovery determines that Treasury or the White House has not provided
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Sponsored by: Sen. Jon Tester
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 05/19/2020
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Uniform Treatment of NRSROs Act [HB-6934]
[Finance ]
[Small Business ]
[Economic Development ]
[Funding ]
[Grants ]
[Consumer Protection ]
Provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with the Securities and Exchange Commission. This allows entities, securities, and other instruments with a credit rating from such an organization to use the rating to qualify for these aid programs. Furthermore, the Government Accountability Office must report on credit rating quality across organizations, their effect on access to capital markets, and the implementation
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Sponsored by: Rep. David Scott
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/22/2020
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Making Opportunities a Reality for Entrepreneurs Paycheck Protection Program More PPP Act [HB-6893]
[Small Business ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Public Health ]
[Healthcare ]
[Finance ]
[Budget and Spending ]
Provides additional funding for and modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill increases funding for paycheck protection loans by $560 billion, and it provides additional funding of $571 billion for paycheck protection loans through FY2021. Further, the bill sets aside $200 billion for paycheck protection loans to businesses and nonprofit organizations with 25 or fewer employees, sole proprietors, independent contractors, and self-employed
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Sponsored by: Rep. Al Green
Introduced In House on 05/15/2020
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To allow expensing of amounts paid to move business property from China to the United States, and for other purposes. [HB-6903]
[Taxes ]
[Trade ]
[Small Business ]
[Manufacturing ]
[Economic Development ]
Directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.
Sponsored by: Rep. Mark Green
Introduced In House on 05/15/2020
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To modify requirements relating to the participation of community development financial institutions in the paycheck protection program of the Small Business Administration, and for other purposes. [HB-6888]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
[Labor, Jobs, Employment ]
[Community Development ]
[Finance ]
[Budget and Spending ]
[Healthcare ]
[Public Health ]
Authorizes community development financial institutions to make loans under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). The bill also allows the Small Business Administration and the Department of the Treasury to revoke a lender's authority to make paycheck protection loans upon a joint determination that (1) the lender has had recent material operational shortcomings that warrant such a revocation, and (2) the revocation is consistent with the purpose of the program.
Sponsored by: Rep. Alma Adams
Introduced In House on 05/15/2020
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To modify requirements relating to the participation of community development financial institutions in the paycheck protection program of the Small Business Administration, and for other purposes. [HB-6888]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
[Labor, Jobs, Employment ]
[Community Development ]
[Finance ]
[Budget and Spending ]
[Healthcare ]
[Public Health ]
Authorizes community development financial institutions to make loans under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). The bill also allows the Small Business Administration and the Department of the Treasury to revoke a lender's authority to make paycheck protection loans upon a joint determination that (1) the lender has had recent material operational shortcomings that warrant such a revocation, and (2) the revocation is consistent with the purpose of the program.
Sponsored by: Rep. Alma Adams
Introduced In House on 05/15/2020
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New Jersey, New York, and Highly Impacted States COVID–19 Relief Fund Act [HB-6914]
[Budget and Spending ]
[Disaster Relief ]
[Funding ]
[Grants ]
[Public Health ]
Making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes.
Sponsored by: Rep. Peter King
Introduced In House on 05/15/2020
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RELIEF for Main Street Act Recharge and Empower Local Innovation and Entrepreneurs Fund for Main Street Act [HB-6907]
[Small Business ]
[Funding ]
[Grants ]
[Native American Affairs ]
[Community Development ]
[Economic Development ]
[Disaster Relief ]
[Public Health ]
[Nonprofit ]
[Budget and Spending ]
Establishes for one year the Small Business Local Relief Program, which shall allocate resources to states, local governments, and Native American tribes for providing assistance to certain small businesses and nonprofits that have lost revenue due to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides $50.5 billion for such assistance, of which (1) $35 billion shall be distributed based on the Community Development Block Grant formula (70% allocated to larger cities and counties and 30% to rural communities), (2) $15 billion
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Sponsored by: Rep. Eleanor Norton
Introduced In House on 05/15/2020
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To protect local media, and for other purposes. [HB-6913]
[Media and Advertising ]
[Small Business ]
[Taxes ]
[Labor, Jobs, Employment ]
[Education ]
[Funding ]
[Grants ]
[Public Health ]
[Technology and Innovation ]
[Economic Development ]
Requires a federal executive agency to expend 50% of funds obligated by such agency for the advertising and underwriting activities of local media for the period beginning on the enactment of this bill, and ending on December 31, 2020. It also requires such agencies to expend 25% of such funds for the period beginning on or after January 1, 2021. At least 45% of agency advertising and underwriting activities funding must be expended equally between newspapers, television stations, and radio stations that are local media. The bill (1) expands the
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Sponsored by: Rep. Gerald Connolly
Introduced In House on 05/15/2020
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Paycheck Protection Program Transparency Act of 2020 [HB-6874]
[Small Business ]
[Funding ]
[Grants ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Public Health ]
[Healthcare ]
[Technology and Innovation ]
[Data Privacy ]
[Cybersecurity ]
[Economic Development ]
Requires the Small Business Administration (SBA) to disclose and report certain information related to the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must establish a website that includes specified information including (1) the name, location, and number of employees of each paycheck protection loan recipient; and (2) the number of loans disbursed and total fees collected by each paycheck protection lender. Additionally, the SBA must report
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Sponsored by: Rep. Gerald Connolly
Introduced In House on 05/14/2020
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RELIEF for Main Street Act Recharge and Empower Local Innovation and Entrepreneurs Fund for Main Street Act [S.3742]
[Small Business ]
[Funding ]
[Grants ]
[Community Development ]
[Native American Affairs ]
[Economic Development ]
[Disaster Relief ]
[Public Health ]
[Nonprofit ]
Establishes for one year the Small Business Local Relief Program, which shall allocate resources to states, local governments, and Native American tribes for providing assistance to certain small businesses and nonprofits that have lost revenue due to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides $50.5 billion for such assistance, of which (1) $35 billion shall be distributed based on the Community Development Block Grant formula (70% allocated to larger cities and counties and 30% to rural communities), (2) $15 billion
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Sponsored by: Sen. Cory Booker
Committee On Small Business And Entrepreneurship. Hearings Held. on 07/23/2020
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To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from waiving provisions related to COVID-19 emergency relief and taxpayer protections related to such relief. [HB-6852]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Economic Development ]
Prohibits the Department of the Treasury and the Federal Reserve Board from waiving requirements related to COVID-19 (i.e., coronavirus disease 2019) economic aid. Businesses receiving this aid must comply with compensation limits, bans on stock buybacks, and prohibitions on payment of stock dividends, among other requirements.
Sponsored by: Rep. Carolyn Maloney
Introduced In House on 05/13/2020
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To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes. [HB-6817]
[Finance ]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
[Public Health ]
Provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
Sponsored by: Rep. Gregory Meeks
Introduced In House on 05/12/2020
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Health Care Protection Act [HB-6810]
[Healthcare ]
[Public Health ]
[Funding ]
[Grants ]
[Insurance ]
[Labor, Jobs, Employment ]
To establish a Health Care Protection Program Fund to provide grants to employers to ensure continuity of coverage under a group health plan through the COVID-19 pandemic, to provide for premium assistance for COBRA benefits, and for other purposes.
Sponsored by: Rep. Ann Kuster
Introduced In House on 05/12/2020
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The Heroes Act [HB-6800]
[Healthcare ]
[Housing ]
[Immigration ]
[Student Loans ]
[Medicare and Medicaid ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Food ]
[Veterans ]
[Public Health ]
[Mental Health ]
[Children and Youth ]
[Economic Development ]
[Elections ]
[Funding ]
[Grants ]
[Human Services ]
[Pensions ]
[Pharmaceuticals ]
[Poverty ]
[Retirement ]
[Labor, Jobs, Employment ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Insurance ]
[Cybersecurity ]
[Data Privacy ]
[Disaster Relief ]
[Unemployment ]
Responds to the COVID-19 (i.e., coronavirus disease 2019) outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. Among other things, the bill provides FY2020 emergency supplemental appropriations to federal agencies; provides payments and other assistance to state, local, tribal, and territorial governments; provides additional direct payments of up to $1,200 per individual; expands paid sick days, family and medical leave, unemployment compensation, nutrition and food assistance programs,
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Sponsored by: Rep. Raul Grijalva
Committee On Small Business And Entrepreneurship. Hearings Held. on 07/23/2020
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A bill to appropriate additional amounts to provide loans under the paycheck protection program to community development financial institutions and minority depository institutions, and for other purposes. [S.3702]
[Budget and Spending ]
[Small Business ]
[Funding ]
[Grants ]
[Community Development ]
[Economic Development ]
[Finance ]
[Labor, Jobs, Employment ]
Modifies and provides additional funding for the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides an additional $10 billion to guarantee paycheck protection loans, $7.5 billion of which shall be for small loans made by community development financial institutions or minority depository institutions. The bill also establishes a grant program to provide assistance to community development financial institutions and minority depository institutions
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Sponsored by: Sen. Edward Markey
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 05/12/2020
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Keeping the Lights On Act of 2020 [HB-6799]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Health ]
Allows an eligible employer a payroll tax credit equal to 50% of a limited amount of qualified fixed expenses paid by such employer in a calendar quarter. Qualified fixed expenses include a mortgage, rent, or a utility payment. An employer is eligible for such payroll credit if the employer was carrying on a trade or business in 2020 which had not more than 1,500 full-time employees or not more than $41.5 million in gross receipts in 2019. The employer's business must have been suspended in a calendar quarter due to COVID-19 (i.e., coronavirus disease
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Sponsored by: Rep. Jared Huffman
Introduced In House on 05/12/2020