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COVID–19 Small Business Recovery Grants Act

Introduced: March 19, 2020 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
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
 Plain-English summary Congressional Research Service

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.

What's happening now March 20, 2020

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

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3