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United States · Bill · HR

H.R. 3760 (117th)

Point Roberts Small Business Fairness Act

referredUnited States· United States Congress· EN

Introduced

8 June 2021

Last action

8 June 2021 · Introduced

Status

Referred to the House Committee on Small Business.

Sponsors

Rep. DelBene, Suzan K. [D-WA-1], Rep. Strickland, Marilyn [D-WA-10], Rep. Larsen, Rick [D-WA-2], Rep. Kilmer, Derek [D-WA-6]

Subjects

Discovery layer

Source updated

3 January 2025

Official sourceDownload fileView documentsShare

Summary

Point Roberts Small Business Fairness Act This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain small businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019). Eligible small businesses must (1) have experienced a loss in revenue that is greater than 50% during the second, third, or fourth quarter of 2020 compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border directly resulted in a reduction in gross receipts or 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. 8 June 2021

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 8 June 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 June 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 · 8 June 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 8 June 2021

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  • Introduced in House

    summary · EN · 8 June 2021

    Open at official source

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Sponsors

Related records

Sources

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