RISER Act

To extend the availability of Coronavirus Relief Fund payment funds for States or governments that use such funds to respond to the COVID–19 public health emergency in accordance with a qualifying economic development plan. 1. Short title This Act may be cited as the Remove Impediments for a Successful Economic Recovery Act RISER Act 2. Extended availability for Coronavirus Relief Fund payments used in accordance with a qualifying economic development plan Section 601(d) of the Social Security Act ( 42 U.S.C. 801(d) (d) Use of funds; availability (1) In general A State, Tribal government, and unit of local government shall use the funds provided under a payment made under this section to cover only those costs of the State, Tribal government, or unit of local government that— (A) are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19); (B) were not accounted for in the budget most recently approved as of the date of enactment of this section for the State or government; and (C) subject to paragraph (2), were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020. (2) Extended availability for funds used in accordance with a qualifying economic development plan (A) In general Notwithstanding subparagraph (C) of paragraph (1), funds provided under a payment made under this section shall remain available to a State, Tribal government, or unit of local government until December 31, 2022, for obligation by the State or government— (i) for costs of the State or government that— (I) are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19); and (II) were not accounted for in the budget most recently approved as of the date of enactment of this section for the State or government; and (ii) in accordance with a qualifying economic development plan. (B) Availability Any funds obligated under subparagraph (A) as of the date specified in such subparagraph shall remain available until expended. (C) Certification requirement In order to use funds provided under a payment under this section in accordance with this paragraph, a State, Tribal government, or unit of local government shall provide the Secretary with a certification signed by the Chief Executive of the State or government that the proposed uses of the funds under the qualifying economic development plan are consistent with the requirements of subparagraph (A)(i). (D) Qualifying economic development plan For purposes of subparagraph (A), the term qualifying economic development plan .

Summary: Remove Impediments for a Successful Economic Recovery Act or the RISER Act This bill extends the deadline for the use of sums from the Coronavirus Relief Fund for states or local governments that use such funds to respond to the COVID-19 (i.e., coronavirus disease 2019) public health emergency in accordance with a qualifying economic development plan until December 31, 2022 (currently, funds may be used for costs incurred through December 30, 2020). The plan must be approved by the state or the governing board of a university before December 30, 2020. Such funds may be used, in accordance with such plan, for costs of the state or local government that are necessary expenditures incurred due to the public health emergency and were not accounted for in the budget most recently approved as of this bill's enactment.