Title: Small Business COVID–19 Recovery Grants Act of 2020
Policy area: Commerce

Summary:
Small Business COVID-19 Recovery Grants Act of 2020
This bill requires the Small Business Administration to provide grants to small businesses that have suffered substantial economic injury as a result of COVID-19 (i.e., coronavirus disease 2019).
Such grants may not exceed a specified amount and may be used to address direct effects of COVID-19, including (1) providing paid sick leave to employees, (2) maintaining payroll, and (3) meeting increased supply chain costs.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6343 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6343

 To require the Administrator of the Small Business Administration to 
provide economic injury grants for small business concerns affected by 
             the COVID-19 pandemic, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2020

Mr. Espaillat introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To require the Administrator of the Small Business Administration to 
provide economic injury grants for small business concerns affected by 
             the COVID-19 pandemic, 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 ``Small Business COVID-19 Recovery 
Grants Act of 2020''.

SEC. 2. ECONOMIC INJURY GRANTS FOR SMALL BUSINESS CONCERNS.

    (a) Grants.--The Administrator of the Small Business Administration 
shall provide grants to eligible small business concerns that have 
suffered a substantial economic injury (as defined in section 7(b)(2) 
of the Small Business Act (15 U.S.C. 636(b)(2)), directly or 
indirectly, as a result of the public health emergency declared because 
of COVID-19.
    (b) Definition of Eligible Small Business Concern.--In this 
section, the term ``eligible small business concern'' means a small 
business concern (as defined under section 3 of the Small Business Act 
(15 U.S.C. 632)) or an independent contractor.
    (c) Amount of Grant.--A grant provided under this section shall be 
in an amount that is not more than $100,000.
    (d) Use of Funds.--An eligible small business concern that receives 
a grant under this section may use the grant funds to address the 
direct effects of the COVID-19 pandemic, including--
            (1) providing paid sick leave to employees unable to work;
            (2) maintaining payroll to retain employees during business 
        disruptions or substantial slowdowns;
            (3) meeting increased costs to obtain materials unavailable 
        from the original source of the eligible small business concern 
        due to interrupted supply chains;
            (4) making payments under a lease or mortgage loan related 
        to a place of operation of the small business concern;
            (5) repaying obligations that cannot be met due to revenue 
        losses; and
            (6) other expenses as deemed appropriate by the 
        Administrator.
    (e) Application.--
            (1) In general.--An eligible small business concern 
        desiring a grant under this section shall submit to the 
        Administration an application at such time, in such manner, and 
        containing such information as the Administration may require.
            (2) Standards.--The Administrator shall establish minimum 
        qualifying standards to ensure that applicants adversely 
        impacted by the effects of COVID-19 pandemic receive funds 
        expeditiously under this section.
    (f) Procedures.--The Administrator shall establish procedures to 
verify and document compliance with the requirements under this section 
in order to prevent waste, fraud, and abuse of funds awarded under this 
section.
    (g) Authorization of Appropriations.--There is authorized to be 
appropriated $100,000,000,000 to the Administrator to carry out this 
section.
    (h) Emergency Rulemaking Authority.--
            (1) In general.--Within 15 days after the date of the 
        enactment of this section, the Administrator of the Small 
        Business Administration shall issue rules to carry out this 
        section.
            (2) Notice.--Notice requirements of section 553(b) of title 
        5, United States Code, shall not apply to any issuance of rules 
        under paragraph (1).
    (i) Report.--Not later than March 31, 2022, the Administrator of 
the Small Business Administration shall submit to Congress a report 
that includes--
            (1) the number of grants made under this section, 
        disaggregated by the number of grants made--
                    (A) in an amount less than or equal to $20,000;
                    (B) in an amount greater than $20,000 but less than 
                or equal to $40,000;
                    (C) in an amount greater than $40,000 but less than 
                or equal to $60,000;
                    (D) in an amount greater than $60,000 but less than 
                or equal to $80,000; and
                    (E) in an amount greater than $80,000 but less than 
                or equal to $100,000;
            (2) the average amount of an award;
            (3) an analysis of the program established under this 
        section and recommendations for improvement;
            (4) the average time from receipt of an application to 
        approval of grant under this section; and
            (5) the average time from approval of grant to disbursement 
        of grant funds.
    (j) Termination.--The authority to carry out grants under this 
section shall terminate on September 30, 2021.
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