Responsible Relief for Americans Act

Bill: 116-hr-6396
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Introduced: 2020-03-26 in the House
Policy area: Economics and Public Finance
Subjects: Accounting and auditing
Administrative law and regulatory procedures
Agricultural prices, subsidies, credit
Appropriations
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business expenses
Cardiovascular and respiratory health
Congressional oversight
Consumer credit
Corporate finance and management
Credit and credit markets
Disaster relief and insurance
Drug safety, medical device, and laboratory regulation
Economic performance and conditions
Emergency medical services and trauma care
Employee benefits and pensions
Employee leave
Executive agency funding and structure
Government corporations and government-sponsored enterprises
Government lending and loan guarantees
Government studies and investigations
Health care costs and insurance
Health care coverage and access
Health technology, devices, supplies
Housing and community development funding
Housing finance and home ownership
Income tax deductions
Infectious and parasitic diseases
Inflation and prices
Interest, dividends, interest rates
Landlord and tenant
Manufacturing
Prescription drugs
Public contracts and procurement
Religion
Small Business Administration
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Transfer and inheritance taxes
Unemployment
Wages and earnings
Women in business

Summary:
action_date: 2020-03-26
text: 

Responsible Relief for Americans Act

 
This bill revises and establishes economic assistance measures in response to COVID-19 (i.e., coronavirus disease 2019).
 
Specifically, the bill provides funding for and authorizes the Small Business Administration (SBA) to guarantee paycheck protection loans made to small businesses. Recipients of such loans are eligible for forgiveness of amounts expended for specified costs such as payroll. Small businesses may request an advance of up $10,000 on an SBA disaster loan for which they have applied in response to COVID-19.
 
Further the bill
 
 
requires the SBA to temporarily pay the principal, interest, and any associated fees that are owed on certain SBA loans;
 
repeals provisions that require an employer to provide paid sick leave for employees who are unable to work due to COVID-19;
 
 repeals provisions authorizing the use of certain funds to provide educational assistance and training for U.S. workers;
 
provides additional time for federal contractors to carry out their responsibilities and guarantees payment continuation for federal contractors who are delayed or interrupted because of COVID-19;
 
increases and expands the tax deduction for certain trade or business income;
 
authorizes borrowers with federally backed mortgages who are experiencing financial hardship due to COVID-19 to request forbearance;
 
revises provisions relating to health savings accounts (HSAs), including to allow increased participation in HSAs and to increase the limit on contributions to HSAs;
 
expands reporting requirements for pharmaceutical manufacturers; and 
 
extends the deadline for filing 2019 individual income tax returns from April 15, 2019, to November 15, 2019. 
 


Legislative actions:
action_date: 2020-09-30
text: Referred to the Subcommittee on Health.
action_date: 2020-09-30
text: Referred to the Subcommittee on Economic Opportunity.
action_date: 2020-08-13
text: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, House Administration, Energy and Commerce, Small Business, the Judiciary, Financial Services, Veterans' Affairs, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-03-26
text: Introduced in House
action_date: 2020-03-26
text: Introduced in House