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MI HR0278
Resolution
Status
6/18/2020
Primary Sponsor
Matt Koleszar
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AI Summary
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Urges Congress to create the COVID-19 Business and Employee Continuity and Recovery Fund to provide grants to small businesses for essential operating expenses.
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Highlights that the Paycheck Protection Program (PPP) under the CARES Act has been insufficient and failed to adequately reach rural, minority-owned, and women-owned businesses.
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Notes that small businesses were forced to close by government order during the pandemic while still required to pay mortgages, rent, and utilities, with over half at risk of permanent closure.
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Proposes prioritizing grant distribution to rural communities and businesses owned by women or minorities.
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Requests Congress take action to support small business recovery and sustainability during the COVID-19 pandemic.
Legislative Description
A resolution to memorialize the Congress of the United States to take action to support small businesses and create the COVID-19 Business and Employee Continuity and Recovery Fund.
Last Action
Referred To Committee On Commerce And Tourism
6/18/2020