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United States · Bill · HR

H.R. 3188 (117th)

ANGLE Act

referredUnited States· United States Congress· EN

Introduced

13 May 2021

Last action

13 May 2021 · Introduced

Status

Referred to the House Committee on Small Business.

Sponsors

Rep. Fischbach, Michelle [R-MN-7], Rep. Emmer, Tom [R-MN-6], Rep. Stauber, Pete [R-MN-8]

Subjects

Discovery layer

Source updated

3 January 2025

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Summary

Assistance Needed for Great Losses Experienced in Isolated Northern Lakes Economic Territory Act or the ANGLE Act This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain remote recreational businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019). Eligible remote recreational businesses must (1) have experienced a loss in revenue that is greater than 50% between March 1, 2020, and December 31, 2020, as compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border restricted the ability of American customers to access the location of such businesses. The maximum loan amount shall be equal to 75% of the business's FY2019 revenue, and the SBA shall forgive 100% of the value of such loan, less the amount the borrower received from (1) any other loan forgiveness program, or (2) any emergency advance under the economic impact disaster loan program.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 May 2021

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 13 May 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 May 2021

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 May 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 May 2021

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 May 2021

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Sponsors

Related records

Sources

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