All Information (Except Text) for S.4047 - Saving Our Street Act116th Congress (2019-2020)
|Sponsor:||Sen. Harris, Kamala D. [D-CA] (Introduced 06/23/2020)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 06/23/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|06/23/2020||Introduced in Senate|
06/23/2020 Introduced in Senate
All Actions (1)
|06/23/2020||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
06/23/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|Sen. Gillibrand, Kirsten E. [D-NY]*||06/23/2020|
|Sen. Wyden, Ron [D-OR]*||06/23/2020|
|Sen. Markey, Edward J. [D-MA]*||06/23/2020|
|Sen. Klobuchar, Amy [D-MN]*||06/23/2020|
|Sen. Warren, Elizabeth [D-MA]*||06/23/2020|
|Sen. Duckworth, Tammy [D-IL]*||06/23/2020|
|Sen. Reed, Jack [D-RI]*||06/23/2020|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Banking, Housing, and Urban Affairs||06/23/2020||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Business investment and capital
- Cardiovascular and respiratory health
- Congressional oversight
- Emergency medical services and trauma care
- Employee benefits and pensions
- Employee hiring
- Employee leave
- Employment taxes
- Health care costs and insurance
- Health care coverage and access
- Infectious and parasitic diseases
- Minority and disadvantaged businesses
- Small business
- Veterans' education, employment, rehabilitation
- Wages and earnings
- Women in business
Latest Summary (1)
Introduced in Senate (06/23/2020)
Saving Our Street Act
This bill establishes and provides funding for the Microbusiness Assistance Fund through which the Department of the Treasury must provide grants to specified small entities.
Specifically, the bill provides $125 billion for grants to entities such as community small businesses and nonprofits that have suffered a drop in revenue of over 20% during the COVID-19 (i.e., coronavirus disease 2019) pandemic. Such a grant shall not exceed $250,000 and may only be used for certain purposes, including (1) rehiring or hiring furloughed employees; (2) payment of compensation, rent or mortgage, utilities, or insurance; and (3) providing health care and benefits to employees.
Treasury is prohibited from denying a grant on the basis of any criminal history or involvement with the criminal legal system. Further, Treasury must give priority to people of color, veterans, women-owned community businesses, and socially and economically disadvantaged individuals, and 75% of appropriated amounts shall be provided to businesses or nonprofits owned or controlled by one or more socially and economically disadvantaged individuals.