Legis Daily

RELIEF for Main Street Act

USA116th CongressHR-6907| House 
| Updated: 5/15/2020
Daniel T. Kildee

Daniel T. Kildee

Democratic Representative

Michigan

Cosponsors (6)
Dwight Evans (Democratic)Ilhan Omar (Democratic)Fred Upton (Republican)Eleanor Holmes Norton (Democratic)Brian K. Fitzpatrick (Republican)Grace F. Napolitano (Democratic)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 15, 2020
Introduced in House
May 15, 2020
Referred to the House Committee on Small Business.
Jul 23, 2020

Latest Companion Bill Action

S 116-3742
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-517.
  • May 15, 2020
    Introduced in House


  • May 15, 2020
    Referred to the House Committee on Small Business.


  • July 23, 2020

    Latest Companion Bill Action

    S 116-3742
    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-517.

Commerce

Related Bills

  • S 116-4818: Heroes Small Business Lifeline Act
  • S 116-3742: RELIEF for Main Street Act
AppropriationsCardiovascular and respiratory healthDepartment of the TreasuryEconomic developmentEmergency medical services and trauma careExecutive agency funding and structureFederal-Indian relationsGovernment information and archivesGovernment lending and loan guaranteesIndian social and development programsInfectious and parasitic diseasesMinority and disadvantaged businessesRural conditions and developmentSmall businessState and local financeState and local government operationsWomen in business

RELIEF for Main Street Act

USA116th CongressHR-6907| House 
| Updated: 5/15/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 15, 2020
Introduced in House
May 15, 2020
Referred to the House Committee on Small Business.
Jul 23, 2020

Latest Companion Bill Action

S 116-3742
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-517.
  • May 15, 2020
    Introduced in House


  • May 15, 2020
    Referred to the House Committee on Small Business.


  • July 23, 2020

    Latest Companion Bill Action

    S 116-3742
    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-517.
Daniel T. Kildee

Daniel T. Kildee

Democratic Representative

Michigan

Cosponsors (6)
Dwight Evans (Democratic)Ilhan Omar (Democratic)Fred Upton (Republican)Eleanor Holmes Norton (Democratic)Brian K. Fitzpatrick (Republican)Grace F. Napolitano (Democratic)

Small Business Committee

Commerce

Related Bills

  • S 116-4818: Heroes Small Business Lifeline Act
  • S 116-3742: RELIEF for Main Street Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AppropriationsCardiovascular and respiratory healthDepartment of the TreasuryEconomic developmentEmergency medical services and trauma careExecutive agency funding and structureFederal-Indian relationsGovernment information and archivesGovernment lending and loan guaranteesIndian social and development programsInfectious and parasitic diseasesMinority and disadvantaged businessesRural conditions and developmentSmall businessState and local financeState and local government operationsWomen in business