COVID–19 Small Business Recovery Grants Act

Fact Sheet API

Bill Number

HR 6292

Introduced

Mar 19, 2020

Latest Action

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Sponsor

Cosponsors

Topics

Accounting and auditing Cardiovascular and respiratory health Commerce Congressional oversight Disaster relief and insurance Economic performance and conditions Emergency medical services and trauma care Executive agency funding and structure Government studies and investigations Infectious and parasitic diseases Life, casualty, property insurance Small business Small Business Administration

Full Text

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Votes

Summary

COVID-19 Small Business Recovery Grants Act

This bill establishes within the Small Business Administration (SBA) the Office of Coronavirus COVID-19 Small Business Recovery Grants to compensate small businesses, located in a qualified disaster area, for substantial economic injury they suffered resulting from COVID-19 (i.e., coronavirus disease 2019) beginning December 1, 2019, and ending December 31, 2021. This compensation (1) excludes interest on the amount of the payment before the settlement or payment of a claim or any punitive or noncompensatory damages; and (2) is limited to $100,000, except in cases where the SBA determines that a greater amount up to $250,000 is appropriate.

Actions

Mar 20, 2020

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Mar 19, 2020

Referred to the Committee on Small Business, and in addition to the Committee on Transportation and Infrastructure, 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.
Mar 19, 2020

Introduced in House

Amendments

Related Bills