RELIEF for Main Street Act
Latest action · May 15, 2020 Referred to the House Committee on Small Business.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 15, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Recharge and Empower Local Innovation and Entrepreneurs Fund for Main Street Act or the RELIEF for Main Street Act
This bill 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 shall be allocated to provide financing exclusively to businesses in rural areas, and (3) $500 million shall be for Native American Tribes.
These amounts shall be used to start or scale a local small business emergency fund or to support organizations that provide technical assistance to small businesses or nonprofits. Such local funds or organizations may then use the amounts to assist small businesses (including sole proprietorships, independent contractors, and self-employed individuals) and nonprofits that (1) employ no more than 20 full-time employees (50 if the recipient is located in a low-income community), (2) has experienced a loss of revenue because of COVID-19, and (3) satisfies any additional requirements imposed by the administrator of the fund.
A state, local government, or Native American tribe that receives funds under the bill must report specified demographic and disbursement information.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from May 15, 2020 to Aug 11, 2020, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Brian K. Fitzpatrick | Original | May 15, 2020 |
| D-PA | Dwight Evans | Original | May 15, 2020 |
| R-MI | Fred Upton | Original | May 15, 2020 |
| D-DC | Eleanor Holmes Norton | Jul 6, 2020 | |
| D-MN | Ilhan Omar | Jul 16, 2020 | |
| D-CA | Grace F. Napolitano | Aug 11, 2020 |
Actions 2
Everything that happened, newest first.
- May 15, 2020Introduced in House
- May 15, 2020Referred to the House Committee on Small Business.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3742 | RELIEF for Main Street Act | Identical bill | Jul 23, 2020 |
| S 4818 | Heroes Small Business Lifeline Act | Related bill | Dec 10, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Appropriations
- Cardiovascular and respiratory health
- Commerce
- Department of the Treasury
- Economic development
- Emergency medical services and trauma care
- Executive agency funding and structure
- Federal-Indian relations
- Government information and archives
- Government lending and loan guarantees
- Indian social and development programs
- Infectious and parasitic diseases
- Minority and disadvantaged businesses
- Rural conditions and development
- Small business
- State and local finance
- State and local government operations
- Women in business
Text 1
Each version as it was printed, newest first.
- May 15, 2020Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.