Fairness for Craft Beverage Producers Act
Bill: H.R.1035 | Sponsor: Rep. Wexton, Jennifer (D-VA)
Policy area: Commerce

Summary:
Fairness for Craft Beverage Producers Act
This bill provides additional economic relief to certain beverage manufacturers in response to COVID-19 (i.e., coronavirus disease 2019).
Specifically, the bill gives certain beverage manufacturers (e.g., breweries and wineries that derived at least 35% of their gross annual income during either 2019 or 2020 from in-person sales) access to second draw loans under the Paycheck Protection Program. Further, it makes these beverage manufacturers eligible to receive additional months of subsidized principal and interest payments on certain Small Business Administration loans.

To amend the Small Business Act to include certain beverage 
  manufacturing entities for paycheck protection program second draw 
                     loans, 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 ``Fairness for Craft Beverage 
Producers Act''.

SEC. 2. INCLUSION OF CERTAIN BEVERAGE MANUFACTURING ENTITIES FOR 
              PAYCHECK PROTECTION PROGRAM SECOND DRAW LOANS.

    (a) In General.--Section 7(a)(37)(C)(iv) of the Small Business Act 
(as added by section 311 of the Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues Act (Public Law 116-260)) is 
amended--
            (1) in the heading, by striking ``NAICS 72'' and inserting 
        ``Certain naics''; and
            (2) by inserting ``, or assigned such a code beginning with 
        3121 that also derived at least 35 percent of gross annual 
        revenue during either calendar year 2019 or 2020 from in-person 
        sales of products,'' after ``72''.
    (b) Subsidy for Certain Loan Payments.--Section 1112(c)(1) of the 
CARES Act (as added by section 325 of the Economic Aid to Hard-Hit 
Small Businesses, Nonprofits, and Venues Act (Public Law 116-260)) is 
amended--
            (1) in subparagraph (A)(ii)(I)(bb), by inserting ``, or 
        assigned such a code beginning with 3121 that also derived at 
        least 35 percent of gross annual revenue during either calendar 
        year 2019 or 2020 from in-person sales of products'' after 
        ``812''; and
            (2) in subparagraph (B)(ii)(I)(bb), by inserting ``, or 
        assigned such a code beginning with 3121 that also derived at 
        least 35 percent of gross annual revenue during either calendar 
        year 2019 or 2020 from in-person sales of products'' after 
        ``812''.
    (c) Effective Date; Applicability.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this Act shall be effective as if included 
        in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, 
        and Venues Act (Public Law 116-260) and shall apply to any loan 
        made pursuant to section 7(a)(37) of the Small Business Act or 
        any covered loan made under section 1112 of the CARES Act (15 
        U.S.C. 9011) before, on, or after the date of enactment of this 
        Act, including forgiveness of such a loan.
            (2) Exclusion of loans already forgiven.--The amendments 
        made by subsection (a) shall not apply to a loan made pursuant 
        to section 7(a)(37) of the Small Business Act or any covered 
        loan made under section 1112 of the CARES Act (15 U.S.C. 9011) 
        for which the borrower received forgiveness before the date of 
        enactment of this Act.
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