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SOS Act

Introduced: July 22, 2020 Introduced by: Cornyn, John Republican · Texas See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 22, 2020

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Jul 22, 2020

Introduced in Senate

Plain-English summary Congressional Research Service

Save our Stages Act or the SOS Act

This bill authorizes the Small Business Administration (SBA) to make grants to eligible live venue operators, producers, promoters, or talent representatives to address the economic effects of the COVID-19 (i.e., coronavirus disease 2019) pandemic on certain live venues.

Specifically, the SBA may make (1) an initial grant of up to $12 million dollars to an eligible operator, promoter, producer, or talent representative; and (2) a supplemental grant that is equal to 50% of the initial grant. An initial grant must be used for costs incurred between March 1, 2020, and December 31, 2020, but a supplemental grant may be used for expenses incurred through June 30, 2021.

Such grants shall be used for specified expenses such as payroll costs, rent, utilities, and personal protective equipment.

What's happening now July 22, 2020

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Committees of jurisdiction 1