Legis Daily

Saving Our Street Act

USA116th CongressS-4047| Senate 
| Updated: 6/23/2020
Kamala D. Harris

Kamala D. Harris

Democratic Senator

California

Cosponsors (7)
Tammy Duckworth (Democratic)Edward J. Markey (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Amy Klobuchar (Democratic)Ron Wyden (Democratic)

Banking, Housing, and Urban Affairs 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

Latest Companion Bill Action

HR 116-6949
Introduced in House
Jun 23, 2020
Introduced in Senate
Jun 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 19, 2020

    Latest Companion Bill Action

    HR 116-6949
    Introduced in House


  • June 23, 2020
    Introduced in Senate


  • June 23, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Commerce

Related Bills

  • S 116-3787: Saving Our Street Act
  • HR 116-6949: 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 CongressS-4047| Senate 
| Updated: 6/23/2020
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

Latest Companion Bill Action

HR 116-6949
Introduced in House
Jun 23, 2020
Introduced in Senate
Jun 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 19, 2020

    Latest Companion Bill Action

    HR 116-6949
    Introduced in House


  • June 23, 2020
    Introduced in Senate


  • June 23, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Kamala D. Harris

Kamala D. Harris

Democratic Senator

California

Cosponsors (7)
Tammy Duckworth (Democratic)Edward J. Markey (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Amy Klobuchar (Democratic)Ron Wyden (Democratic)

Banking, Housing, and Urban Affairs Committee

Commerce

Related Bills

  • S 116-3787: Saving Our Street Act
  • HR 116-6949: 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