US HB6897 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 17-4)
Status: Introduced on May 15 2020 - 25% progression
Action: 2020-05-15 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Local News and Emergency Information 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 include certain newspaper publishers, radio stations, and television broadcasters. Specifically, such a media purveyor is eligible to receive a paycheck protection loan if (1) the individual physical location that applies for the loan does not exceed Small Business Administration size standards (up to 1,000 employees for newspaper publishers and $41.5 million in gross receipts for radio and television broadcasters); and (2) the proceeds of the loan are used to support the continued provision of local news, information, content, or emergency information. Such a recipient may not remit any portion of a paycheck protection loan to any entity other than the individual physical location that is the loan's intended recipient.

Tracking Information

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Title

Local News and Emergency Information Act of 2020

Sponsors


History

DateChamberAction
2020-05-15HouseReferred to the House Committee on Small Business.
2020-05-15HouseIntroduced in House

Same As/Similar To

SB3718 (Same As) 2020-05-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship.

Subjects


US Congress State Sources


Bill Comments

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