Coronavirus Economic Relief for Transportation Services Act

To require the Secretary of the Treasury to provide assistance to certain providers of transportation services affected by the novel coronavirus. 1. Short title This Act may be cited as the Coronavirus Economic Relief for Transportation Services Act 2. Assistance for providers of transportation services affected by COVID–19 (a) Definitions In this section: (1) Provider of transportation services The term provider of transportation services (A) is established or organized— (i) in the United States; or (ii) pursuant to Federal law; (B) has significant operations, and a majority of employees based, in the United States; (C) was in operation on March 1, 2020; and (D) is the operator of— (i) a vessel of the United States (as defined in section 116 of title 46, United States Code) that is— (I) a passenger vessel (as defined in section 2101 of title 46, United States Code) carrying fewer than 2,400 passengers; or (II) a small passenger vessel (as defined in section 2101 of title 46, United States Code); (ii) a company providing transportation services using a bus characterized by an elevated passenger deck located over a baggage compartment (commonly known as an over-the-road bus (iii) a company providing transportation services using a school bus (as defined in section 571.3 of title 49, Code of Federal Regulations (or successor regulations)); or (iv) any other transportation service company subject to regulation by the Department of Transportation as the Secretary, in consultation with the Secretary of Transportation, determines to be appropriate. (2) Secretary The term Secretary (b) Funding (1) In general Out of any funds in the Treasury not otherwise appropriated, there are appropriated to provide grants and other forms of emergency assistance to eligible providers of transportation services under this section, $10,000,000,000 for fiscal year 2020. (2) Emergency designation (A) In general The amounts provided by this section are designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(g) (B) Designation in senate In the Senate, this section is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018. (c) Provision of assistance (1) In general The Secretary, in consultation with the Secretary of Transportation, shall use the amounts made available under subsection (b) to provide grants and other forms of emergency assistance to eligible providers of transportation services described in paragraph (2) that have experienced a significant revenue loss as direct or indirect result of the novel coronavirus (COVID–19). (2) Description of eligible providers of transportation services An eligible provider of transportation services referred to in paragraph (1) is— (A) a provider of transportation services that, on March 1, 2020— (i) had 500 or fewer employees; and (ii) was not a subsidiary of, or controlled by, another entity with a combined total full-time workforce of more than 500 employees; or (B) a provider of transportation services that— (i) on March 1, 2020, had more than 500 employees; and (ii) has not received assistance under paragraph (1), (2), or (3) of section 4003(b), or subtitle B of title IV, of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 (3) Amount (A) Factors for consideration In determining the amount of assistance to be provided to an eligible provider of transportation services under this subsection, the Secretary shall take into consideration— (i) the estimated revenue and cash flow of the provider of transportation services during the 12-month period beginning on the date of receipt of the assistance; (ii) the amount of debt owed by the provider of transportation services on major equipment, if any; and (iii) other sources of Federal assistance provided to the provider of transportation services, if any. (B) Limitation The Secretary shall ensure that the amount of assistance provided to a provider of transportation services under this subsection, when combined with any other Federal assistance provided in response to COVID–19 under the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 Public Law 116–139 (4) Type of assistance The Secretary shall ensure that not less than 50 percent of the amounts made available under subsection (b) are used to provide grants. (5) Equal access The Secretary shall ensure equal access to the assistance provided under this section to eligible providers of transportation services that are small, minority-owned, and women-owned businesses. (6) Condition of receipt As a condition of receipt of assistance under this subsection, the Secretary shall require that a provider of transportation services shall agree— (A) to use the funds, on a priority basis and to the extent available, to maintain through December 31, 2020, pay, paid administrative leave, and benefits to all employees as of the date of enactment of this Act, after making any adjustments required for— (i) retirement; or (ii) voluntary employee separation; and (B) to recall or rehire any employee laid off, furloughed, or terminated because of reduced service as a result of COVID–19 or the effects of COVID–19, to the extent warranted by increased service levels. (d) Eligible activities A provider of transportation services shall use assistance provided under subsection (c) only for— (1) activities to ensure the preservation of jobs based in the United States; (2) the acquisition of services, equipment, including personal protective equipment, and other measures needed to protect workers and customers from COVID–19; or (3) continued operations and maintenance of existing capital equipment and facilities (including rent, leases, insurance, and debt service) during the period of economic distress caused by the outbreak of COVID–19.

Summary: Coronavirus Economic Relief for Transportation Services Act This bill requires the Department of the Treasury to provide grants and other forms of emergency assistance to certain providers of transportation services that have experienced a significant revenue loss as a direct or indirect result of COVID-19 (i.e., coronavirus disease 2019). Treasury must ensure equal access to the assistance for small, minority-owned, and women-owned businesses. As a condition of receipt of assistance, Treasury must require that a provider of transportation services agree to (1) use the funds, on a priority basis, to maintain through December 31, 2020, pay, paid administrative leave, and benefits to all employees after making any adjustments required for retirement or voluntary employee separation; and (2) recall or rehire any employee laid off, furloughed, or terminated because of reduced service as a result of COVID-19, to the extent warranted by increased service levels.