H.R. 6409 · 116th Congress
ABLE Act of 2020
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
OmarSponsor6 cosponsors · 6 D
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Assistance for Businesses and Local Economies Act or the ABLE Act of 2020
What it does: CRS summary · Introduced in House · Mar 27, 2020
Assistance for Businesses and Local Economies Act or the ABLE Act of 2020
This bill establishes the Emergency Social Insurance Program to coordinate and deliver direct payments to small businesses and workers affected by COVID-19 (i.e., coronavirus disease 2019).
Specifically, the Social Security Administration and the Department of Labor shall assist participating states, through existing state agency mechanisms, to offer expanded unemployment insurance for workers who are unemployed or idle because of COVID-19. Through an agreement with Labor, participating states must provide temporary emergency COVID-19 unemployment or short-time compensation payments to such workers, plus specified additional amounts for certain categories of workers. Such compensation payments shall not be regarded as income. If an individual receives compensation payments through a knowing false statement or misrepresentation, such individual shall be ineligible for further assistance and subject to prosecution.
The Small Business Administration must provide grants to certain small businesses that have suffered substantial economic injury as a result of COVID-19, giving priority consideration to (1) small businesses with fewer than 100 employees per location; (2) small businesses owned by minorities, women, or veterans; (3) small businesses where the owner's pay is equal to or less than 25 times the average employee's pay; and (4) small businesses that have not fired or laid off employees, reduced salaries, or changed any labor contracts. The amount of such grants shall not exceed necessary maintenance costs (e.g., payroll support and increased costs of obtaining unavailable materials), and any overpayment of grants shall be automatically considered as zero-interest loans. Such grant amounts shall be excluded from gross income, for income tax purposes.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: ABLE Act of 2020
Also known as: Assistance for Businesses and Local Economies Act
Latest action (Mar 27, 2020): Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Commerce · Origin: House · Introduced: Mar 27, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.