US Congress House Bill 7522 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 9 2020 - 25% progression, died in committee
Action: 2020-07-09 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Establishes the Small Business Economic Assistance Program to provide financial assistance to certain small businesses. Among other eligibility requirements, a small business must have (1) more than 1 but fewer than 50 employees, (2) not received a payment under the Paycheck Protection Program, and (3) been established prior to January 1, 2020. Such assistance shall consist of a financial assistance payment equal to $5,000 per employee, at least 80% of which the recipient shall use for employee compensation. The remaining amounts shall be used for business costs such as rent, mortgage payments, or utility payments.

To establish the Small Business Economic Assistance Program.

Rep. Ruben Gallego [D-AZ]

Date	Chamber	Action
2020-07-09	House	Referred to the House Committee on Small Business.
2020-07-09	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/7522/all-info
Text	https://www.congress.gov/116/bills/hr7522/BILLS-116hr7522ih.pdf