US Congress House Bill 6949 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 35-0)
Status: Introduced on May 19 2020 - 25% progression, died in committee
Action: 2020-05-19 - Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

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.

Saving Our Street Act

Rep. Ayanna Pressley [D-MA]	Rep. Karen Bass [D-CA]	Rep. Gregory Meeks [D-NY]	Rep. Alexandria Ocasio-Cortez [D-NY]
Rep. Raul Grijalva [D-AZ]	Rep. Joseph Neguse [D-CO]	Rep. Ilhan Omar [D-MN]	Rep. Rashida Tlaib [D-MI]
Rep. Stephen Lynch [D-MA]	Rep. James McGovern [D-MA]	Rep. Joaquin Castro [D-TX]	Rep. Jerry McNerney [D-CA]
Rep. Steve Cohen [D-TN]	Rep. Donald McEachin [D-VA]	Rep. Ted Lieu [D-CA]	Rep. Ro Khanna [D-CA]
Rep. Joyce Beatty [D-OH]	Rep. Al Lawson [D-FL]	Rep. Marcia Fudge [D-OH]	Rep. Danny Davis [D-IL]
Rep. Jahana Hayes [D-CT]	Rep. Jesus Garcia [D-IL]	Rep. Barbara Lee [D-CA]	Rep. Eleanor Norton [D-DC]
Rep. Alcee Hastings [D-FL]	Rep. Alma Adams [D-NC]	Rep. Mary Gay Scanlon [D-PA]	Rep. Tim Ryan [D-OH]
Rep. Yvette Clarke [D-NY]	Rep. Lacy Clay [D-MO]	Rep. Adriano Espaillat [D-NY]	Rep. Eddie Johnson [D-TX]
Rep. Joseph Kennedy [D-MA]	Rep. Carolyn Maloney [D-NY]	Rep. Dwight Evans [D-PA]

Date	Chamber	Action
2020-05-19	House	Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2020-05-19	House	Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2020-05-19	House	Introduced in House

SB3787 (Same As) 2020-05-20 - Read twice and referred to the Committee on Finance.
SB4047 (Same As) 2020-06-23 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6949/all-info
Text	https://www.congress.gov/116/bills/hr6949/BILLS-116hr6949ih.pdf