cheaptrix/billsum-US_congress_and_house huggingface dataset:
To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

To temporarily ban stock buybacks until the impact of COVID–19 on the American financial system has ended. 1. Temporary ban on stock buybacks (a) In general It shall be unlawful for any issuer, the securities of which are traded on a national securities exchange, to purchase securities of the issuer during the period beginning on the date of enactment of this Act and ending 120 days after the end of the COVID–19 emergency period. (b) Early termination The Securities and Exchange Commission may terminate the prohibition under subsection (a) after the end of the COVID–19 emergency period and before the end of the 120-day period described under subsection (a), if— (1) the Commission determines such termination is in the public interest; and (2) immediately notifies the Congress and the public of such determination and the reason for such determination, including on the website of the Commission. (c) Enforcement; rulemaking (1) In general The Securities and Exchange Commission shall have the authority to enforce this Act and may issue such rules as may be necessary to carry out this Act. (2) Commission voting Any action taken by the Commission pursuant to this section may only be taken upon a unanimous vote of the commissioners. (d) Definitions In this section: (1) COVID–19 emergency period The term COVID–19 emergency period 42 U.S.C. 4121 (2) Other definitions The terms issuer national securities exchange security

Summary: This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.
SBIC Capital Infusion Act of 2020

To amend the Small Business Investment Act of 1958 to provide additional assistance for small businesses affected by the COVID–19 outbreak, and for other purposes. 1. Short title This Act may be cited as the SBIC Capital Infusion Act of 2020 2. Additional leverage for small businesses affected by the COVID–19 outbreak (a) In general Section 303(b)(2) of the Small Business Investment Act of 1958 ( 15 U.S.C. 683(b)(2) (E) Additional leverage base on investment (i) Exclusion of amounts In calculating the outstanding leverage of a company for purposes of subparagraph (A) or (B), the Administrator shall exclude the amount of leverage outstanding to covered small businesses, not to exceed an amount equal to $100,000,000, if the amount excluded is used exclusively for working capital purposes. (ii) Covered small business defined In this subparagraph, the term covered small business . (b) Application Notwithstanding any other provision of law, for purposes of additional leverage requested under subparagraph (E) of section 303(b)(2) of the Small Business Investment Act of 1958, as added by subsection (a), the Administrator shall approve or deny such request within 14 calendar days of receipt by the Administrator of the request. 3. New Markets Venture Capital Program Section 368(a) of the Small Business Investment Act of 1958 ( 15 U.S.C. 689q(a) (1) by striking fiscal years 2001 through 2006 fiscal years 2020 through 2025 (2) in paragraph (1), by striking $150,000,000 $10,000,000,000 (3) in paragraph (2), by striking $30,000,000 $2,000,000,000

Summary: SBIC Capital Infusion Act of 2020 This bill provides economic assistance to small businesses affected by COVID-19 (i.e., coronavirus disease 2019), and it reestablishes the New Markets Venture Capital Program. Specifically, the bill provides additional leverage for small business investment companies (SBICs) by requiring the Small Business Administration (SBA), when calculating the maximum amount of outstanding leverage made available to SBICs, to exclude a certain amount of outstanding leverage to small businesses affected by COVID-19. Any excluded amounts must be used solely for working capital purposes. The bill also reestablishes the New Markets Venture Capital Program, through which the SBA, in partnership with investment companies, encourages developmental venture capital investment in small businesses located in low-income areas.
STEP Reimbursement Act of 2020

To provide relief for State Trade Expansion Program grant recipients relating to COVID–19, and for other purposes. 1. Short title This Act may be cited as the STEP Reimbursement Act of 2020 2. Considerations for State Trade Expansion Program relating to COVID–19 (a) Reimbursement The Administrator of the Small Business Administration shall reimburse any recipient of assistance under section 22(l) of the Small Business Act ( 15 U.S.C. 649(l) (b) Budget plan revisions Section 22(l)(3) of the Small Business Act ( 15 U.S.C. 649(l)(3) (1) in subparagraph (D)(i), by inserting , including a budget plan for use of funds awarded under this subsection (2) by adding at the end the following new subparagraph: (E) Budget plan revisions (i) In general A State receiving a grant under this subsection may revise the budget plan of the State submitted under subparagraph (D) after the disbursal of grant funds if— (I) the revision complies with allowable uses of grant funds under this subsection; and (II) such State submits notification of the revision to the Associate Administrator. (ii) Exception If a revision under clause (i) reallocates 10 percent or more of the amounts described in the budget plan of the State submitted under subparagraph (D), the State may not implement the revised budget plan without the approval of the Associate Administrator, unless the Associate Administrator fails to approve or deny the revised plan within 10 days after receipt of such revised plan. . (c) Funding The Administrator of the Small Business Administration may use amounts appropriated to carry out the State Trade Expansion Program established under section 22(l) of the Small Business Act ( 15 U.S.C. 649(l)

Summary: STEP Reimbursement Act of 2020 This bill requires the Small Business Administration to reimburse any recipient of a grant under the State Trade Expansion Program for financial losses relating to a foreign trade mission or a trade show exhibition that was cancelled due to COVID-19 (i.e., the coronavirus disease 2019). In addition, the bill authorizes a state that receives a grant under the program to revise their budget plan under certain circumstances.
To establish a standard interest rate under programs for economic injury disaster loans, and for other purposes.

To establish a standard interest rate under programs for economic injury disaster loans, and for other purposes. 1. Interest rate for economic injury disaster loans Notwithstanding any other provision of law, the interest rate chargeable under any loan made after the date of the enactment of this Act under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) (1) the interest rate otherwise chargeable under such program; or (2) the interest rate payable on the most-recently issued marketable obligations of the United States having a maturity of 10 years, as determined for purposes of this section by the Secretary of the Treasury.

Summary: This bill sets the interest rate on a disaster loan issued by the Small Business Administration at the lesser of the interest rate that is (1) otherwise chargeable under the economic injury disaster loan program, or (2) payable on the most-recently issued U.S. ten-year Treasury note.
To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes. 1. Funding of the Initiative to Build Growth Equity Funds for Minority Businesses (a) Grant The Minority Business Development Agency shall provide a grant of $3,000,000,000 to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses (the Initiative (b) Administrative expenses Of the amounts provided under subsection (a), the grant recipient may use not more than 2.25 percent of such amount for administrative expenses, of which— (1) not more than 1.5 percent may be used for fees to be paid to investment managers for fund investment activities, including deal sourcing, due diligence, investment monitoring, and investment reporting; and (2) not more than 0.75 percent may be used for fund administration activities by the grant recipient, including fund manager evaluation, selection, monitoring, and overall fund program management. (c) Treatment of interest Notwithstanding any other provision of law, with the approval of the Minority Business Development Agency, grant funds made available under subsection (a) may be deposited in interest-bearing accounts pending disbursement, and any interest which accrues may be retained without returning such interest to the Treasury of the United States and interest earned may be obligated and expended for the purposes for which the grant was made available without further appropriation. (d) Reporting and audit requirements (1) Reporting by recipient The grant recipient under this section shall issue a report to the Minority Business Development Agency every 6 months detailing the use of grant funds received under this section and any other information that the Minority Business Development Agency may require. (2) Annual report to Congress The Minority Business Development Agency shall issue an annual report to the Congress containing the information received under paragraph (1) and an analysis of the implementation of the Initiative. (3) GAO audit The Comptroller General of the United States shall, every 2 years, carry out an audit of the Initiative and issue a report to the Congress and the Minority Business Development Agency containing the results of such audit. (e) Funding There is authorized to be appropriated to the Minority Business Development Agency $3,000,000,000 to make the grant described under subsection (a).

Summary: This bill requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses. Interest earned on grant funds deposited into an interest-bearing account may be obligated and expended to carry out the grant's purposes. The Government Accountability Office shall carry out a biennial audit of the initiative and issue a report to Congress and the Minority Business Development Agency.
Financial Literacy Education Commission Emergency Response Act

To require the Financial Literacy and Education Commission to convene a special meeting with respect to the COVID–19 emergency, to update the Commission’s website with tools to help individuals recover from any financial hardship as a result of the COVID–19 emergency, and for other purposes. 1. Short title This Act may be cited as the Financial Literacy Education Commission Emergency Response Act 2. Purpose The purpose of this Act is to provide financial literacy education, including information on access to banking services and other financial products, for individuals seeking information and resources as they recover from any financial distress caused by the coronavirus disease (COVID–19) outbreak and future major disasters. 3. Financial Literacy and Education Commission response to the COVID–19 emergency (a) Special meeting Not later than the end of the 60-day period beginning on the date of enactment of this Act, the Financial Literacy and Education Commission (the Commission (b) Update of the Commission’s website (1) In general Not later than the end of the 60-day period beginning on the date of enactment of this Act, the Commission shall update the website of the Commission with a full list of tools to help individuals recover from any financial hardship as a result of the COVID–19 emergency. (2) Specific requirements In performing the update required under paragraph (1), the Commission shall— (A) place special emphasis on providing an additional set of tools geared towards women, racial and ethnic minorities, veterans, disabled, and LGBTQ+ communities; and (B) provide information in English and Spanish. (3) Information from members Not later than the end of the 60-day period beginning on the date of enactment of this Act, each Federal department or agency that is a member of the Commission shall provide an update on the website of the Commission disclosing any tools that the department or agency is offering to individuals or to employees of the department or agency related to the COVID–19 emergency. (c) Implementation report to Congress The Secretary of the Treasury and the Director of the Bureau of Consumer Financial Protection shall, jointly and not later than the end of the 30-day period following the date on which the meeting required under subsection (a) is held and all updates required under subsection (b) have been completed, report to Congress on the implementation of this Act. (d) COVID–19 emergency defined In this section, the term COVID-19 emergency 42 U.S.C. 4121

Summary: Financial Literacy Education Commission Emergency Response Act This bill requires the Financial Literacy and Education Commission in the Department of the Treasury to convene a special meeting related to the financial impacts of the COVID-19 (i.e., coronavirus disease 2019) emergency. The commission must provide on its website resources to help individuals recover from financial hardships related to the COVID-19 emergency.
Universal Coronavirus Vaccine Act

To authorize the Secretary of Health and Human Services to administer vaccinations for COVID-19, once available, at no cost to the inoculated, in response to the COVID-19 outbreak, and for other purposes. 1. Short title This Act may be cited as the Universal Coronavirus Vaccine Act 2. Vaccination for COVID-19 (a) In general The Secretary of Health and Human Services, acting directly or by entering into contracts or awarding grants, may administer any vaccine licensed under section 351 of the Public Health Service Act ( 42 U.S.C. 262 (b) Authorization of appropriations There are authorized to be appropriated to carry out this section such sums as may be necessary.

Summary: Universal Coronavirus Vaccine Act This bill authorizes the Department of Health and Human Services (HHS) to administer approved vaccines for COVID-19 (i.e., coronavirus disease 2019) when they become available. HHS must take steps to ensure that individuals do not incur out-of-pocket costs for such vaccines.
Tribal Medical Supplies Stockpile Access Act of 2020

To ensure that facilities of the Indian Health Service, facilities operated by an Indian tribe, tribal organization, or inter-tribal consortium, and facilities operated by an urban Indian organization receive items from the strategic national stockpile and qualified pandemic or epidemic products directly from the Department of Health and Human Services. 1. Short title This Act may be cited as the Tribal Medical Supplies Stockpile Access Act of 2020 2. Provision of items to Indian programs and facilities (a) Strategic national stockpile Section 319F–2(a)(3)(G) of the Public Health Service Act (42 U.S.C. 247d–6b(a)(3)(G)) is amended by inserting , and, in the case that the Secretary deploys the stockpile under this subparagraph, ensure that appropriate drugs, vaccines and other biological products, medical devices, and other supplies are deployed by the Secretary directly to health programs or facilities operated by the Indian Health Service, an Indian tribe, a tribal organization (as those terms are defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 25 U.S.C. 5381 (b) Distribution of qualified pandemic or epidemic products to IHS facilities Title III of the Public Health Service Act ( 42 U.S.C. 241 319F–5. Distribution of qualified pandemic or epidemic products to Indian programs and facilities In the case that the Secretary distributes qualified pandemic or epidemic products (as defined in section 319F–3(i)(7)) to States or other entities, the Secretary shall ensure that, as appropriate, such products are distributed directly to health programs or facilities operated by the Indian Health Service, an Indian tribe, a tribal organization (as those terms are defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 25 U.S.C. 5381 .

Summary: Tribal Medical Supplies Stockpile Access Act of 2020 This bill requires the Department of Health and Human Services (HHS) to deploy drugs, vaccines, biological products, medical devices, and other supplies from the Strategic National Stockpile directly to health programs or facilities operated by the Indian Health Service (IHS), tribes, or tribal organizations. Such supplies from the stockpile are used to respond to public health emergencies. Specifically, if HHS distributes pandemic or epidemic products (e.g., drugs or medical devices) to states or other entities, HHS must also deploy such products directly to health programs or facilities operated by IHS or other tribal entities.
Increasing Access for Veterans and Their Survivors Act of 2020

To direct the Secretary of Veterans Affairs to provide for the availability of prompts and services of certain Department of Veterans Affairs toll-free telephone numbers and business lines in Spanish, and for other purposes. 1. Short title This Act may be cited as the Increasing Access for Veterans and Their Survivors Act of 2020 2. Availability of prompts and services of Department of Veterans Affairs toll-free telephone numbers in Spanish (a) In general Not later than 270 days after the date of enactment of this Act, the Secretary of Veterans Affairs shall ensure that the covered toll-free telephone number of the Department of Veterans Affairs includes— (1) a Spanish prompt; and (2) the functionality of directing callers who are connected to each business telephone line of the Department to a Department employee who is able to speak Spanish fluently or to a translation service to provide assistance. (b) Spanish prompt The Spanish prompt required by subsection (a) shall include— (1) the option to hear routing options in Spanish, including descriptions of the business telephone lines of the Department to which callers may be transferred to in order to obtain information or assistance; and (2) the option to speak to an employee who speaks Spanish and who will provide the same quality of assistance as that available to callers in English. (c) Translation service protocol If the Secretary provides assistance through a translation service under subsection (a)(2), the Secretary shall establish a fact sheet and protocol outlining the appropriate protocol to use the translation service. (d) Covered toll-Free number For purposes of this section, the covered toll-free telephone number of the Department is (800) 827-1000 or any telephone number that is used to provide the same or similar functions. (e) Report to Congress Not later than 90 days after the date of the enactment of this Act, the Secretary shall submit to the Committees on Veterans’ Affairs of the Senate and House of Representatives a report on the status of implementing this section. Such report shall include— (1) the status of the implementation of the requirements of this section; (2) the date on which the implementation of the requirements of this section is expected to be completed; and (3) a description of any additional support or resources needed to implement such requirements.

Summary: Increasing Access for Veterans and Their Survivors Act of 2020 This bill requires the Department of Veterans Affairs (VA) to include on its covered toll-free telephone number a Spanish prompt and the functionality of directing callers to a Spanish-speaking VA employee or a translation service. The VA must establish a fact sheet and protocol if it provides assistance through a translation service.
Small Business Assistance Act of 2020

To amend the Internal Revenue Code of 1986 to provide a one-time emergency tax credit to small businesses to cover rent and mortgage payments. 1. Short title This Act may be cited as the Small Business Assistance Act of 2020 2. Tax credit to small businesses to cover rent and mortgage payments (a) Allowance of credit (1) In general In the case of an eligible small business, there shall be allowed as a credit against the tax imposed by chapter 1 (A) relate to any real property which is primarily used in a trade or business of such eligible small business which is a qualified trade or business (as defined in section 199A(d)), and (B) are paid or incurred by such eligible small business during the first 4 months of 2020. (2) Limitation The amount of the credit allowable to a taxpayer under paragraph (1) for any taxable year shall not exceed $50,000. (b) Eligible small business For purposes of this section— (1) In general The term eligible small business (2) Application of aggregation rule for employers All persons treated as a single employer under subsection (b), (c), (m), or (o) of section 414 (c) Qualified rent or mortgage expenditures For purposes of this section, the term qualified rent or mortgage expenditures (d) Expedited amended return process In the case of any eligible small business which has timely filed an amendment to the tax return for such business for the taxable year described in subsection (a) for the sole purpose of claiming the credit allowed under this section, the Secretary of the Treasury (or the Secretary's delegate) shall establish a separate and expedited process for reviewing and processing such amended returns. (e) Regulations The Secretary of the Treasury (or the Secretary's delegate) shall prescribe such regulations or guidance as may be necessary to carry out the provisions of this section, including regulations and guidance to prevent and identify fraud through the use of relevant information submitted by third parties which relates to the rent or mortgage expenditures claimed by a taxpayer for purposes of the credit allowed under this section. (f) Effective date This section shall take effect on the date of enactment of this Act.

Summary: Small Business Assistance Act of 2020 This bill allows a one-time tax credit to small businesses to cover rent or mortgage payments paid or incurred by such businesses during the first four months of 2020. The credit allowable to a taxpayer may not exceed $50,000 in any taxable year.