Fairness for Craft Beverage Producers Act

Bill: 117-hr-1035
Sponsor: full_name: Rep. Wexton, Jennifer [D-VA-10]
Introduced: 2021-02-11
Policy area: Commerce
Subjects: Cardiovascular and respiratory health

Economic performance and conditions

Food industry and services

Government lending and loan guarantees

Infectious and parasitic diseases

Wages and earnings
Latest action: action_date: 2021-02-11
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2021-02-11
action_desc: Introduced in House
text: <p><b>Fairness for Craft Beverage Producers Act</b></p> <p>This bill provides additional economic relief to certain beverage manufacturers in response to COVID-19 (i.e., coronavirus disease 2019).</p> <p>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. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1035 IN THE HOUSE OF REPRESENTATIVES February 11, 2021 Ms. Wexton (for herself, Mr. Crow , Ms. Salazar , Mr. Rouzer , and Mr. Newhouse ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to include certain beverage manufacturing entities for paycheck protection program second draw loans, and for other purposes.

1. Short title This Act may be cited as the Fairness for Craft Beverage Producers Act . 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.