US SB3718 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 13 2020 - 25% progression, died in committee
Action: 2020-05-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 13 2020 - 25% progression, died in committee
Action: 2020-05-13 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Local News and Emergency Information Act of 2020
Sponsors
Sen. Maria Cantwell [D-WA] | Sen. John Boozman [R-AR] | Sen. Amy Klobuchar [D-MN] | Sen. Joni Ernst [R-IA] |
Sen. Charles Schumer [D-NY] | Sen. Tammy Baldwin [D-WI] | Sen. Kyrsten Sinema [I-AZ] | Sen. Jerry Moran [R-KS] |
Sen. Patrick Leahy [D-VT] | Sen. Lisa Murkowski [R-AK] | Sen. Roy Blunt [R-MO] | Sen. Kevin Cramer [R-ND] |
Sen. Cindy Hyde-Smith [R-MS] | Sen. Dan Sullivan [R-AK] |
History
Date | Chamber | Action |
---|---|---|
2020-05-13 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
HB6897 (Same As) 2020-05-15 - Referred to the House Committee on Small Business.
Subjects
Broadcasting, cable, digital technologies
Business expenses
Cardiovascular and respiratory health
Commerce
Congressional oversight
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
News media and reporting
Small business
Television and film
Business expenses
Cardiovascular and respiratory health
Commerce
Congressional oversight
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
News media and reporting
Small business
Television and film
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3718/all-info |
Text | https://www.congress.gov/116/bills/s3718/BILLS-116s3718is.pdf |