{ "id": "R46284", "type": "CRS Report", "typeId": "R", "number": "R46284", "active": true, "source": "CRSReports.Congress.gov, EveryCRSReport.com", "versions": [ { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.783014", "id": "R46284_61_2023-03-01", "formats": [ { "filename": "files/2023-03-01_R46284_8e36299a62a841337f7104049e63afb42473cd1c.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/61", "sha1": "8e36299a62a841337f7104049e63afb42473cd1c" }, { "format": "HTML", "filename": "files/2023-03-01_R46284_8e36299a62a841337f7104049e63afb42473cd1c.html" } ], "date": "2023-03-01", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.781872", "id": "R46284_59_2022-05-31", "formats": [ { "filename": "files/2022-05-31_R46284_8141e7304097bcc0548866b68759f3ed8b37332d.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/59", "sha1": "8141e7304097bcc0548866b68759f3ed8b37332d" }, { "format": "HTML", "filename": "files/2022-05-31_R46284_8141e7304097bcc0548866b68759f3ed8b37332d.html" } ], "date": "2022-05-31", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.780373", "id": "R46284_57_2021-10-01", "formats": [ { "filename": "files/2021-10-01_R46284_033be18c0ab4c03f31b8f456f649c89f9628b9b2.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/57", "sha1": "033be18c0ab4c03f31b8f456f649c89f9628b9b2" }, { "format": "HTML", "filename": "files/2021-10-01_R46284_033be18c0ab4c03f31b8f456f649c89f9628b9b2.html" } ], "date": "2021-10-01", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.779734", "id": "R46284_56_2021-05-05", "formats": [ { "filename": "files/2021-05-05_R46284_ed628172f005a71fb0a168c70992319748b36491.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/56", "sha1": "ed628172f005a71fb0a168c70992319748b36491" }, { "format": "HTML", "filename": "files/2021-05-05_R46284_ed628172f005a71fb0a168c70992319748b36491.html" } ], "date": "2021-05-05", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.778555", "id": "R46284_54_2021-04-23", "formats": [ { "filename": "files/2021-04-23_R46284_c192e4b91acd2f3ba77f3bf30ee868ff694c045f.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/54", "sha1": "c192e4b91acd2f3ba77f3bf30ee868ff694c045f" }, { "format": "HTML", "filename": "files/2021-04-23_R46284_c192e4b91acd2f3ba77f3bf30ee868ff694c045f.html" } ], "date": "2021-04-23", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.777145", "id": "R46284_52_2021-03-31", "formats": [ { "filename": "files/2021-03-31_R46284_d9052204f109b078a5c7aec6adea972200e4c223.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/52", "sha1": "d9052204f109b078a5c7aec6adea972200e4c223" }, { "format": "HTML", "filename": "files/2021-03-31_R46284_d9052204f109b078a5c7aec6adea972200e4c223.html" } ], "date": "2021-03-31", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.775830", "id": "R46284_49_2021-03-15", "formats": [ { "filename": "files/2021-03-15_R46284_df1427ec417ee51e5200b9a9c87c83a613127bcd.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/49", "sha1": "df1427ec417ee51e5200b9a9c87c83a613127bcd" }, { "format": "HTML", "filename": "files/2021-03-15_R46284_df1427ec417ee51e5200b9a9c87c83a613127bcd.html" } ], "date": "2021-03-15", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.774365", "id": "R46284_46_2021-02-23", "formats": [ { "filename": "files/2021-02-23_R46284_319e7051f77dc5ea11b41d858b5674a5f24b7334.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/46", "sha1": "319e7051f77dc5ea11b41d858b5674a5f24b7334" }, { "format": "HTML", "filename": "files/2021-02-23_R46284_319e7051f77dc5ea11b41d858b5674a5f24b7334.html" } ], "date": "2021-02-23", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.772991", "id": "R46284_44_2021-02-17", "formats": [ { "filename": "files/2021-02-17_R46284_514153e9e9a80f260ce40752f33dd6734f4da199.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/44", "sha1": "514153e9e9a80f260ce40752f33dd6734f4da199" }, { "format": "HTML", "filename": "files/2021-02-17_R46284_514153e9e9a80f260ce40752f33dd6734f4da199.html" } ], "date": "2021-02-17", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.772444", "id": "R46284_43_2021-01-15", "formats": [ { "filename": "files/2021-01-15_R46284_fd18e097d8b6c9f3045f81668f64e0efcb8c4133.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/43", "sha1": "fd18e097d8b6c9f3045f81668f64e0efcb8c4133" }, { "format": "HTML", "filename": "files/2021-01-15_R46284_fd18e097d8b6c9f3045f81668f64e0efcb8c4133.html" } ], "date": "2021-01-15", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.771887", "id": "R46284_42_2021-01-08", "formats": [ { "filename": "files/2021-01-08_R46284_1bb69c61c4daf2be9be3b85fe753a47c5a65db5c.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/42", "sha1": "1bb69c61c4daf2be9be3b85fe753a47c5a65db5c" }, { "format": "HTML", "filename": "files/2021-01-08_R46284_1bb69c61c4daf2be9be3b85fe753a47c5a65db5c.html" } ], "date": "2021-01-08", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.770496", "id": "R46284_40_2020-12-29", "formats": [ { "filename": "files/2020-12-29_R46284_47749f173323b6769f1b64616ee619296d7bd873.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/40", "sha1": "47749f173323b6769f1b64616ee619296d7bd873" }, { "format": "HTML", "filename": "files/2020-12-29_R46284_47749f173323b6769f1b64616ee619296d7bd873.html" } ], "date": "2020-12-29", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.769904", "id": "R46284_39_2020-12-23", "formats": [ { "filename": "files/2020-12-23_R46284_ab62c064c8af330faf1abe399e2ba6b03b2f086d.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/39", "sha1": "ab62c064c8af330faf1abe399e2ba6b03b2f086d" }, { "format": "HTML", "filename": "files/2020-12-23_R46284_ab62c064c8af330faf1abe399e2ba6b03b2f086d.html" } ], "date": "2020-12-23", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.769306", "id": "R46284_38_2020-12-02", "formats": [ { "filename": "files/2020-12-02_R46284_f958a14e896b163d6f388d31a0b428af3992117e.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/38", "sha1": "f958a14e896b163d6f388d31a0b428af3992117e" }, { "format": "HTML", "filename": "files/2020-12-02_R46284_f958a14e896b163d6f388d31a0b428af3992117e.html" } ], "date": "2020-12-02", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.767544", "id": "R46284_36_2020-10-06", "formats": [ { "filename": "files/2020-10-06_R46284_e9553b49fa0d39e4acd79d8618919741f740287b.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/36", "sha1": "e9553b49fa0d39e4acd79d8618919741f740287b" }, { "format": "HTML", "filename": "files/2020-10-06_R46284_e9553b49fa0d39e4acd79d8618919741f740287b.html" } ], "date": "2020-10-06", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.766382", "id": "R46284_34_2020-09-04", "formats": [ { "filename": "files/2020-09-04_R46284_e0d08eaf9aa56070c9474a646a5ecd3b37b36991.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/34", "sha1": "e0d08eaf9aa56070c9474a646a5ecd3b37b36991" }, { "format": "HTML", "filename": "files/2020-09-04_R46284_e0d08eaf9aa56070c9474a646a5ecd3b37b36991.html" } ], "date": "2020-09-04", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.765862", "id": "R46284_33_2020-08-14", "formats": [ { "filename": "files/2020-08-14_R46284_dcaaa0679890bec77269323b567498d6c6b10073.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/33", "sha1": "dcaaa0679890bec77269323b567498d6c6b10073" }, { "format": "HTML", "filename": "files/2020-08-14_R46284_dcaaa0679890bec77269323b567498d6c6b10073.html" } ], "date": "2020-08-14", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.764601", "id": "R46284_31_2020-08-10", "formats": [ { "filename": "files/2020-08-10_R46284_e879eff30e5e34d37786e4ddbc86e26bc9636ad8.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/31", "sha1": "e879eff30e5e34d37786e4ddbc86e26bc9636ad8" }, { "format": "HTML", "filename": "files/2020-08-10_R46284_e879eff30e5e34d37786e4ddbc86e26bc9636ad8.html" } ], "date": "2020-08-10", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.763524", "id": "R46284_29_2020-07-31", "formats": [ { "filename": "files/2020-07-31_R46284_3e3399df8f47ea7bdebfd77de0140fdaa7207f74.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/29", "sha1": "3e3399df8f47ea7bdebfd77de0140fdaa7207f74" }, { "format": "HTML", "filename": "files/2020-07-31_R46284_3e3399df8f47ea7bdebfd77de0140fdaa7207f74.html" } ], "date": "2020-07-31", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.762981", "id": "R46284_28_2020-07-20", "formats": [ { "filename": "files/2020-07-20_R46284_100b13129ed883783069587ffa7dcba725c74e60.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/28", "sha1": "100b13129ed883783069587ffa7dcba725c74e60" }, { "format": "HTML", "filename": "files/2020-07-20_R46284_100b13129ed883783069587ffa7dcba725c74e60.html" } ], "date": "2020-07-20", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.761627", "id": "R46284_26_2020-07-06", "formats": [ { "filename": "files/2020-07-06_R46284_f955dfdfa5d98dba8730066cbf1776363b46828a.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/26", "sha1": "f955dfdfa5d98dba8730066cbf1776363b46828a" }, { "format": "HTML", "filename": "files/2020-07-06_R46284_f955dfdfa5d98dba8730066cbf1776363b46828a.html" } ], "date": "2020-07-06", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.760977", "id": "R46284_25_2020-07-02", "formats": [ { "filename": "files/2020-07-02_R46284_9c5ba7a32b1b104369dc9abc412531607b921e66.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/25", "sha1": "9c5ba7a32b1b104369dc9abc412531607b921e66" }, { "format": "HTML", "filename": "files/2020-07-02_R46284_9c5ba7a32b1b104369dc9abc412531607b921e66.html" } ], "date": "2020-07-02", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.759764", "id": "R46284_23_2020-06-22", "formats": [ { "filename": "files/2020-06-22_R46284_e45be08d14eb5bcc377d2476de4c60798c8c73f9.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/23", "sha1": "e45be08d14eb5bcc377d2476de4c60798c8c73f9" }, { "format": "HTML", "filename": "files/2020-06-22_R46284_e45be08d14eb5bcc377d2476de4c60798c8c73f9.html" } ], "date": "2020-06-22", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.759230", "id": "R46284_22_2020-06-16", "formats": [ { "filename": "files/2020-06-16_R46284_d362dffac0c37b9b1b9ddf3fe4dab8804df02ab9.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/22", "sha1": "d362dffac0c37b9b1b9ddf3fe4dab8804df02ab9" }, { "format": "HTML", "filename": "files/2020-06-16_R46284_d362dffac0c37b9b1b9ddf3fe4dab8804df02ab9.html" } ], "date": "2020-06-16", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.758609", "id": "R46284_21_2020-06-09", "formats": [ { "filename": "files/2020-06-09_R46284_57685e1466819ad70deef92ac2cb4e91ec29925f.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/21", "sha1": "57685e1466819ad70deef92ac2cb4e91ec29925f" }, { "format": "HTML", "filename": "files/2020-06-09_R46284_57685e1466819ad70deef92ac2cb4e91ec29925f.html" } ], "date": "2020-06-09", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.756663", "id": "R46284_18_2020-05-28", "formats": [ { "filename": "files/2020-05-28_R46284_dfb1fa12ac4b932c85f12314efb26645f64204a5.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/18", "sha1": "dfb1fa12ac4b932c85f12314efb26645f64204a5" }, { "format": "HTML", "filename": "files/2020-05-28_R46284_dfb1fa12ac4b932c85f12314efb26645f64204a5.html" } ], "date": "2020-05-28", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.756091", "id": "R46284_17_2020-05-27", "formats": [ { "filename": "files/2020-05-27_R46284_2f0cae83bdb1780f0aac0224a81753e417f5ed39.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/17", "sha1": "2f0cae83bdb1780f0aac0224a81753e417f5ed39" }, { "format": "HTML", "filename": "files/2020-05-27_R46284_2f0cae83bdb1780f0aac0224a81753e417f5ed39.html" } ], "date": "2020-05-27", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "retrieved": "2023-04-07T04:03:38.755383", "id": "R46284_16_2020-05-22", "formats": [ { "filename": "files/2020-05-22_R46284_0beb9692a7a94dbea48f8b4abfbf5d1b5098ceb4.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/R/R46284/16", "sha1": "0beb9692a7a94dbea48f8b4abfbf5d1b5098ceb4" }, { "format": "HTML", "filename": "files/2020-05-22_R46284_0beb9692a7a94dbea48f8b4abfbf5d1b5098ceb4.html" } ], "date": "2020-05-22", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "R", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=R46284", "type": "CRS Report" }, { "source": "EveryCRSReport.com", "id": 625130, "date": "2020-05-19", "retrieved": "2020-05-20T22:17:11.618692", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. The SBA announced that PPP loans will have a two-year term at an interest rate of 1.0%.\nP.L. 116-139, the Paycheck Protection Program and Health Care Enhancement Act (Enhancement Act), among other provisions, appropriates an additional $321.335 billion for the PPP.\nH.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act), among other provisions, would expand PPP eligibility and provide small businesses additional flexibility by extending the PPP loan forgiveness covered period from eight weeks to the earlier of 24 weeks or December 31, 2020.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nThe SBA started accepting PPP loan applications on April 3, 2020. Because the SBA neared its $349 billion authorization limit for section 7(a) lending, which includes the PPP, the SBA stopped accepting new PPP loan applications on April 15. The SBA started accepting PPP loan applications once again on April 27, following the Enhancement Act\u2019s enactment on April 24, 2020. The act increased the SBA\u2019s section 7(a) loan authorization limit from $349 billion to $659 billion, and appropriated an additional $321.335 billion to support that level of lending.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "eb38dc04d09fe11cda048a84647ada099e7aa7b0", "filename": "files/20200519_R46284_eb38dc04d09fe11cda048a84647ada099e7aa7b0.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "a334c006dfe5a9469a7e11f81bfe26eb14b89a38", "filename": "files/20200519_R46284_a334c006dfe5a9469a7e11f81bfe26eb14b89a38.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 623634, "date": "2020-05-04", "retrieved": "2020-05-19T13:55:17.265748", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the $349 billion Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. The SBA announced that PPP loans will have a two-year term at an interest rate of 1.0%.\nP.L. 116-139, the Paycheck Protection Program and Health Care Enhancement Act (Enhancement Act), among other provisions, appropriates an additional $321.335 billion for the PPP.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nThe SBA started accepting PPP loan applications on April 3, 2020. Because the program neared its $349 billion authorization limit, the SBA stopped accepting new PPP loan applications on April 15, 2020. The SBA started accepting applications once again on April 27, 2020, following the Enhancement Act\u2019s enactment on April 24, 2020. The act increased the PPP loan authorization limit from $349 billion to $659 billion, and appropriated an additional $321.335 billion to support that level of lending.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "5810009d84a4f567caa310487f18858d999fcf0d", "filename": "files/20200504_R46284_5810009d84a4f567caa310487f18858d999fcf0d.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "a07126c876eb15f85053e9cd0d5e3694874f3001", "filename": "files/20200504_R46284_a07126c876eb15f85053e9cd0d5e3694874f3001.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 623296, "date": "2020-04-27", "retrieved": "2020-04-30T22:14:53.289463", "title": "COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the $349 billion Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. The SBA announced that PPP loans will have a two-year term at an interest rate of 1.0%.\nP.L. 116-139, the Paycheck Protection Program and Health Care Enhancement Act (Enhancement Act), among other provisions, appropriates an additional $321.335 billion for the PPP.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nThe SBA started accepting PPP loan applications on April 3, 2020. Because the program neared its $349 billion authorization limit, the SBA stopped accepting new PPP loan applications on April 15, 2020. The SBA started accepting applications once again on April 27, 2020, following the Enhancement Act\u2019s enactment on April 24, 2020. The act increased the PPP loan authorization limit from $349 billion to $659 billion, and appropriated an additional $321.335 billion to support that level of lending.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "14009ebb69884a037d71b3c43acb92f30c46a29e", "filename": "files/20200427_R46284_14009ebb69884a037d71b3c43acb92f30c46a29e.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "e46939c3656ca48829497bec2a248675b1dba9bc", "filename": "files/20200427_R46284_e46939c3656ca48829497bec2a248675b1dba9bc.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 622827, "date": "2020-04-22", "retrieved": "2020-04-23T22:21:50.778436", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. The SBA announced that PPP loans will have a two-year term at an interest rate of 1.0%.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nThe SBA started accepting PPP loan applications on April 3, 2020. Because the program neared its $349 billion authorization limit, the SBA stopped accepting new PPP loan applications on April 15, 2020. However, Congress is currently negotiating another round of PPP funding. The Senate-passed Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) would increase the PPP authorization limit to $659 billion.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "a7aa54061b38ce2340c2921b35863426c5814ce2", "filename": "files/20200422_R46284_a7aa54061b38ce2340c2921b35863426c5814ce2.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "92a819d06f8c2a056343202f7dcaf70dd5d5eb60", "filename": "files/20200422_R46284_92a819d06f8c2a056343202f7dcaf70dd5d5eb60.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 622564, "date": "2020-04-17", "retrieved": "2020-04-17T22:17:18.835512", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. The SBA announced that PPP loans will have a two-year term at an interest rate of 1.0%.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nThe SBA started accepting PPP loan applications on April 3, 2020. Because the program neared its $349 billion authorization limit, the SBA stopped accepting new PPP loan applications on April 15, 2020. PPP loan applications already received continue to be processed on a first-come first-served basis.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "3c910b0a159cd0ec3ff195d32f70f4415223a6f4", "filename": "files/20200417_R46284_3c910b0a159cd0ec3ff195d32f70f4415223a6f4.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "55fc580bab6ce22b298fc637d6f64ebaf544b90b", "filename": "files/20200417_R46284_55fc580bab6ce22b298fc637d6f64ebaf544b90b.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 621894, "date": "2020-04-06", "retrieved": "2020-04-11T23:06:49.405535", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. The SBA has announced that PPP loans will have a two-year term at an interest rate of 1.0%.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "7f83ac84e50a9cf3d7f69fb0f813e47d62f94cb0", "filename": "files/20200406_R46284_7f83ac84e50a9cf3d7f69fb0f813e47d62f94cb0.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "ae34a2d1d6db40258de8232daa47457b3c376e40", "filename": "files/20200406_R46284_ae34a2d1d6db40258de8232daa47457b3c376e40.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 621652, "date": "2020-04-02", "retrieved": "2020-04-02T22:18:23.002246", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus Disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020. SBA guidance indicates that PPP loans will have a two-year terms at an interest rate of 0.5%.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "f134ffe6c3b2363f7213dab0b3675307e0a1d590", "filename": "files/20200402_R46284_f134ffe6c3b2363f7213dab0b3675307e0a1d590.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "e985e2b1a9dec4c66cc6694096c7667166e97285", "filename": "files/20200402_R46284_e985e2b1a9dec4c66cc6694096c7667166e97285.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 621234, "date": "2020-03-30", "retrieved": "2020-03-30T22:16:25.067161", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the Coronavirus disease 2019 (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses legislation to assist small businesses adversely affected by the COVID-19 pandemic, including\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nP.L. 116-136, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which, among other provisions, created the Paycheck Protection Program (PPP) to provide \u201ccovered loans\u201d with a 100% SBA loan guarantee, a maximum term of 10 years, and an interest rate not to exceed 4% to assist small businesses, small 501(c)(3) nonprofit organizations, and small 501(c)(19) veterans organizations that have been adversely affected by COVID-19. The act also provides for loan deferment and forgiveness under specified conditions. A covered loan is defined as a loan made to an eligible recipient from February 15, 2020, through June 30, 2020.\nSome of the CARES Act\u2019s provisions (e.g., fee waivers, increased loan limits, and increased guarantee percentages) were used in legislation passed during the 111th Congress to address the severe economic slowdown during and immediately following the Great Recession (2007-2009). The main difference between that legislation and the CARES Act is that the CARES Act includes loan deferrals, loan forgiveness, and greatly expanded eligibility, including, for the first time, specified types of nonprofit organizations.\nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address COVID-19\u2019s adverse economic impact on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of the CARES Act could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "36009cd1d8fc5fa48b9f9c61a62624b0ef306315", "filename": "files/20200330_R46284_36009cd1d8fc5fa48b9f9c61a62624b0ef306315.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "fedacb225a326f41a36493ea22a2546a20fae2f3", "filename": "files/20200330_R46284_fedacb225a326f41a36493ea22a2546a20fae2f3.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 621131, "date": "2020-03-27", "retrieved": "2020-03-28T22:01:15.026208", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the coronavirus (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses recent legislation to assist small businesses adversely affected by the COVID-19 pandemic. This legislation includes\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nS. 3519, the Small Business Debt Relief Act, as introduced, which would authorize to be appropriated $16.8 billion to pay the principal, interest, and any associated fees that are owed on a 7(a) loan, 504/CDC loan, or Microloan for six-months.\nS. 3518, the COVID-19 RELIEF for Small Businesses Act of 2020, as introduced, which would make numerous changes to the SBA\u2019s programs.\nS. 3548, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as passed by the Senate (see H.R. 748), would make numerous changes to the SBA\u2019s programs.\nMany of the proposals being considered to address the needs of small businesses adversely affected by the COVID-19 pandemic were used to address the severe economic slowdown during and immediately following the Great Recession. The main difference today is that given the unique nature of the COVID-19 pandemic\u2019s impact on households, especially physical distancing and the resulting decrease in consumer spending, there is an added emphasis today on SBA loan deferrals and loan forgiveness. \nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of legislation to address the adverse economic impact of COVID-19 on small businesses, provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Requiring the SBA to report regularly on its implementation of this legislation could promote transparency and assist Congress in performing its oversight responsibilities. In addition, requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "6dcd56abcabef198c6af67fb3cf1ab2fbe0cf84f", "filename": "files/20200327_R46284_6dcd56abcabef198c6af67fb3cf1ab2fbe0cf84f.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "be2580b81389987fcee21a796b8a5324824db41c", "filename": "files/20200327_R46284_be2580b81389987fcee21a796b8a5324824db41c.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] }, { "source": "EveryCRSReport.com", "id": 620955, "date": "2020-03-25", "retrieved": "2020-03-25T22:18:51.066395", "title": "COVID-19 Stimulus Assistance to Small Businesses: Issues and Policy Options", "summary": "The U.S. Small Business Administration (SBA) administers several types of programs to support small businesses, including direct disaster loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; loan guaranty and venture capital programs to enhance small business access to capital; small business management and technical assistance training programs to assist business formation and expansion; and contracting programs to increase small business opportunities in federal contracting.\nCongressional interest in these programs has always been high, primarily because small businesses are viewed as a means to stimulate economic activity and create jobs, but it has become especially acute in the wake of the coronavirus (COVID-19) pandemic\u2019s widespread adverse economic impact on the national economy, including productivity losses, supply chain disruptions, major labor dislocation, and significant financial pressure on both businesses and households. \nThis report provides a brief description of the SBA\u2019s programs, examines congressional action to assist small businesses during and immediately following the Great Recession (2007-2009), and discusses recent legislation to assist small businesses adversely affected by the COVID-19 pandemic. This legislation includes\nP.L. 116-123, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provided the SBA an additional $20 million for SBA disaster assistance administrative expenses and deemed the coronavirus to be a disaster under the SBA\u2019s Economic Injury Disaster Loan (EIDL) program. This change made economic injury from the coronavirus an eligible EIDL expense.\nS. 3519, the Small Business Debt Relief Act, as introduced, which would authorize to be appropriated $16.8 billion to pay the principal, interest, and any associated fees that are owed on a 7(a) loan, 504/CDC loan, or Microloan for six-months.\nS. 3518, the COVID-19 RELIEF for Small Businesses Act of 2020, as introduced, which would make numerous changes to the SBA\u2019s programs.\nS. 3548, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as introduced and amended, which would make numerous changes to the SBA\u2019s programs.\nMany of the proposals being considered to address the needs of small businesses adversely affected by the COVID-19 pandemic were used to address the severe economic slowdown during and immediately following the Great Recession. The main difference today is that given the unique nature of the COVID-19 pandemic\u2019s impact on households, especially physical distancing and the resulting decrease in consumer spending, there is an added emphasis today on SBA loan deferrals and loan forgiveness. \nOne lesson learned from the actions taken during the 111th Congress to assist small businesses during and immediately following the Great Recession is the potential benefits that can be derived from providing additional funding for the SBA\u2019s Office of Inspector General (OIG) and the Government Accountability Office (GAO). GAO and the SBA\u2019s OIG can provide Congress information that could prove useful as Congress engages in congressional oversight of the SBA\u2019s administration of the stimulus package. It could also provide an early warning if unforeseen administrative problems should arise, and, through investigations and audits, serve as a deterrent to fraud. Also, requiring the SBA to report regularly on its implementation of the stimulus package could promote transparency and assist Congress in performing its oversight responsibilities. Requiring both output and outcome performance measures and requiring the SBA to report this information to Congress and the public by posting that information on the SBA\u2019s website could enhance congressional oversight and public confidence in the SBA\u2019s efforts to assist small businesses.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R46284", "sha1": "430308c706f753de9a5c6b28291f6f266e7125a7", "filename": "files/20200325_R46284_430308c706f753de9a5c6b28291f6f266e7125a7.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R46284", "sha1": "b525dc7c3779e99eca000a267654eaef5e2238bf", "filename": "files/20200325_R46284_b525dc7c3779e99eca000a267654eaef5e2238bf.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4832, "name": "Small Business" } ] } ], "topics": [ "American Law", "National Defense" ] }