Legis Daily

Saving Our Street Act

USA116th CongressHR-6949| House 
| Updated: 5/19/2020
Ayanna Pressley

Ayanna Pressley

Democratic Representative

Massachusetts

Cosponsors (34)
Dwight Evans (Democratic)Al Lawson (Democratic)Tim Ryan (Democratic)Barbara Lee (Democratic)Joseph P. Kennedy (Democratic)Raúl M. Grijalva (Democratic)Karen Bass (Democratic)Joyce Beatty (Democratic)Carolyn B. Maloney (Democratic)Ilhan Omar (Democratic)Steve Cohen (Democratic)Wm. Lacy Clay (Democratic)Adriano Espaillat (Democratic)Danny K. Davis (Democratic)Ted Lieu (Democratic)Ro Khanna (Democratic)A. Donald McEachin (Democratic)Joaquin Castro (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Jahana Hayes (Democratic)Marcia L. Fudge (Democratic)Alma S. Adams (Democratic)Eleanor Holmes Norton (Democratic)Mary Gay Scanlon (Democratic)Joe Neguse (Democratic)James P. McGovern (Democratic)Alexandria Ocasio-Cortez (Democratic)Jerry McNerney (Democratic)Eddie Bernice Johnson (Democratic)Yvette D. Clarke (Democratic)Jesús G. "Chuy" García (Democratic)Rashida Tlaib (Democratic)Alcee L. Hastings (Democratic)

Small Business Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Saving Our Street Act This bill 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.
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Timeline
May 19, 2020
Introduced in House
May 19, 2020
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.
Jun 23, 2020

Latest Companion Bill Action

S 116-4047
Introduced in Senate
  • May 19, 2020
    Introduced in House


  • May 19, 2020
    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.


  • June 23, 2020

    Latest Companion Bill Action

    S 116-4047
    Introduced in Senate

Commerce

Related Bills

  • S 116-3787: Saving Our Street Act
  • S 116-4047: Saving Our Street Act
AppropriationsBusiness investment and capitalCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careEmployee benefits and pensionsEmployee hiringEmployee leaveEmployment taxesHealth care costs and insuranceHealth care coverage and accessInfectious and parasitic diseasesMinority and disadvantaged businessesSelf-employedSmall businessUnemploymentVeterans' education, employment, rehabilitationWages and earningsWomen in business

Saving Our Street Act

USA116th CongressHR-6949| House 
| Updated: 5/19/2020
Saving Our Street Act This bill 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.
View Full Text

Suggested Questions

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

Timeline
May 19, 2020
Introduced in House
May 19, 2020
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.
Jun 23, 2020

Latest Companion Bill Action

S 116-4047
Introduced in Senate
  • May 19, 2020
    Introduced in House


  • May 19, 2020
    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.


  • June 23, 2020

    Latest Companion Bill Action

    S 116-4047
    Introduced in Senate
Ayanna Pressley

Ayanna Pressley

Democratic Representative

Massachusetts

Cosponsors (34)
Dwight Evans (Democratic)Al Lawson (Democratic)Tim Ryan (Democratic)Barbara Lee (Democratic)Joseph P. Kennedy (Democratic)Raúl M. Grijalva (Democratic)Karen Bass (Democratic)Joyce Beatty (Democratic)Carolyn B. Maloney (Democratic)Ilhan Omar (Democratic)Steve Cohen (Democratic)Wm. Lacy Clay (Democratic)Adriano Espaillat (Democratic)Danny K. Davis (Democratic)Ted Lieu (Democratic)Ro Khanna (Democratic)A. Donald McEachin (Democratic)Joaquin Castro (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Jahana Hayes (Democratic)Marcia L. Fudge (Democratic)Alma S. Adams (Democratic)Eleanor Holmes Norton (Democratic)Mary Gay Scanlon (Democratic)Joe Neguse (Democratic)James P. McGovern (Democratic)Alexandria Ocasio-Cortez (Democratic)Jerry McNerney (Democratic)Eddie Bernice Johnson (Democratic)Yvette D. Clarke (Democratic)Jesús G. "Chuy" García (Democratic)Rashida Tlaib (Democratic)Alcee L. Hastings (Democratic)

Small Business Committee, Budget Committee

Commerce

Related Bills

  • S 116-3787: Saving Our Street Act
  • S 116-4047: Saving Our Street Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AppropriationsBusiness investment and capitalCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careEmployee benefits and pensionsEmployee hiringEmployee leaveEmployment taxesHealth care costs and insuranceHealth care coverage and accessInfectious and parasitic diseasesMinority and disadvantaged businessesSelf-employedSmall businessUnemploymentVeterans' education, employment, rehabilitationWages and earningsWomen in business