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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3151 Introduced in Senate (IS)]

<DOC>

118th CONGRESS
  1st Session
                                S. 3151

  To direct the Administrator of the Small Business Administration to 
establish the Emergency Micro-enterprise Recovery Grant Pilot Program, 
                        and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            October 26, 2023

  Ms. Hirono introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL

 
  To direct the Administrator of the Small Business Administration to 
establish the Emergency Micro-enterprise Recovery Grant Pilot Program, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Micro-enterprise Assistance and 
Urgent Investment for Supporting Trade, Recovery Operations, and 
Neighborhood Growth Act'' or the ``MAUI STRONG Act''.

SEC. 2. EMERGENCY MICRO-ENTERPRISE RECOVERY GRANT PILOT PROGRAM.

    (a) Definitions.--In this section:
            (1) Administrator.--The term ``Administrator'' means the 
        Administrator of the Small Business Administration.
            (2) Covered period.--The term ``covered period'' means the 
        period beginning on August 1, 2023, and ending on December 31, 
        2024.
            (3) Eligible entity.--The term ``eligible entity'' means an 
        entity operating on or after August 8, 2023, on the island of 
        Maui that--
                    (A) is a private nonprofit organization; or
                    (B) experienced revenue loss between August 8, 
                2023, and December 31, 2023, and is--
                            (i) a small agricultural cooperative (as 
                        defined in section 3(j) of the Small Business 
                        Act (15 U.S.C. 632(j)));
                            (ii) a business with not more than 25 
                        employees;
                            (iii) any individual who operates under a 
                        sole proprietorship or as an independent 
                        contractor; or
                            (iv) a corporation--
                                    (I) all of the stock of which is 
                                owned by an employee stock ownership 
                                plan (as defined in section 4975(e)(7) 
                                of the Internal Revenue Code of 1986); 
                                and
                                    (II) with not more than 100 
                                employees.
            (4) Program.--The term ``program'' means the Emergency 
        Micro-enterprise Recovery Grant Pilot Program established under 
        this section.
    (b) Establishment.--Not later than 60 days after the date of 
enactment of this Act, the Administrator shall establish the 
``Emergency Micro-enterprise Recovery Grant Pilot Program'' to award 
grants to eligible entities during the covered period.
    (c) Verification.--To receive a grant under this section, an 
eligible entity shall submit to the Administrator an application at 
such time and in such manner as the Administrator may reasonably 
require, which shall contain a self-certification to verify that the 
entity submitting the application is an eligible entity.
    (d) Order of Consideration.--The Administrator shall consider an 
application for a grant under this section in the order in which the 
application is received.
    (e) Amount.--The amount of a grant provided to an eligible entity 
under this section may not exceed $20,000.
    (f) Use of Funds.--An eligible entity receiving a grant under this 
section shall use the grant amounts to--
            (1) address any allowable purpose for a loan made under 
        section 7(b)(2) of the Small Business Act (15 U.S.C. 
        636(b)(2));
            (2) maintain payroll;
            (3) purchase materials or equipment;
            (4) make rent or mortgage payments; or
            (5) pay for obligations that cannot be met due to revenue 
        losses.
    (g) Termination.--The authority to award grants under this section 
shall terminate on December 31, 2024.
    (h) Report.--Not later than 2 years after the date of enactment of 
this Act, the Administrator shall submit to the Committee on Small 
Business and Entrepreneurship of the Senate and the Committee on Small 
Business of the House of Representatives a report evaluating the impact 
of the program.
    (i) Tax Exemption.--For purposes of the Internal Revenue Code of 
1986--
            (1) any grant made under this section shall not be included 
        in the gross income of the person that receives that grant; and
            (2) no deduction shall be denied, no tax attribute shall be 
        reduced, and no basis increase shall be denied by reason of the 
        exclusion from gross income provided under paragraph (1) of 
        this subsection.
    (j) Authorization of Appropriations.--There is authorized to be 
appropriated to the Administrator $30,000,000 to carry out this 
section.
                                 <all>
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