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H.R. 7481 · 116th Congress

RESTART Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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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.

JGD GoldenSponsor
179 cosponsors · 139 D, 40 R
MKR Kelly ABD Brown BFR Fitzpatrick MQD Quigley ASD Schiff RWR Wright JCD Cooper WHR Hurd KMR Marchant END Norton CRD Ruppersberger LSR Smucker JBD Brownley GCD Cisneros BFR Flores KGR Granger DLR LaHood MVD Veasey PWD Welch JWR Walorski CAD Axne SBD Bonamici DBD Beyer TCR Cole HCD Cuellar GCD Connolly MDD Dean RER Estes VED Escobar KHD Horn CHD Houlahan MKD Kaptur AKD Kirkpatrick ALD Lowenthal TLD Lieu CLD Lamb GND Napolitano CPD Pingree MRD Rose JSD Sarbanes BSD Schneider GSD Stanton BTD Thompson DTD Titus DTD Trone PAD Aguilar CAD Allred EBD Blumenauer LBR Bucshon JBD Beatty LBD Blunt Rochester JBR Baird SCD Cohen JCD Correa DCR Crenshaw AED Eshoo MFD Fudge VGD Gonzalez DHD Haaland JHR Hagedorn DKD Kilmer JKR Katko RKD Krishnamoorthi ELD Luria AMD McEachin JND Neguse DPD Price EPD Perlmutter DPD Phillips HRD Rouda VTR Taylor FUR Upton JCD Chu DED Evans JGD Gomez AGR Gonzalez JLD Langevin JYD Yarmuth BBD Boyle DCD Cicilline DDD Davis PDD DeFazio VDD Demings LFD Fletcher SGD Garcia RKD Kind DKD Kildee DLD Loebsack PSR Stauber MTD Thompson JVR Van Drew SBR Brooks NBD Barragán ECD Case SCD Casten BFD Foster SJD Jackson Lee MMR McCaul SPD Peters JPD Panetta CRD Richmond CRR Roy JSD Schakowsky DSD Scott DSD Soto MSD Sherrill ESD Slotkin XTD Torres Small MBR Brooks DBR Bacon JHD Huffman DKR Kustoff MMR Mullin ASD Spanberger WSR Steube MTR Turner DYR Young JCD Costa ACD Carson SCD Carbajal JCD Crow JCD Cunningham LDD Doggett MDD DeSaulnier AED Espaillat AHD Hastings DHD Heck JHD Harder RKD Kelly JLD Larson JMD Morelle BRD Rush TRD Ryan ESD Swalwell MCD Cartwright SDD DelBene JHD Hayes BLD Lee BLD Luján LSD Sánchez AAD Adams ADD Delgado RGD Grijalva SLD Lee BMD McCollum JRD Raskin PTD Tonko CBD Bustos MBR Bost LGR Gooden JMD McGovern ESR Stefanik JWD Wexton JGD Garamendi SHD Horsford HJD Jeffries AKD Kuster AKD Kim MLD Levin CMD Maloney KPD Porter RRD Ruiz TYR Yoho TDD Deutch AFD Finkenauer DMD Matsui TSD Sewell SSR Stivers TSD Suozzi NTD Torres HJD Johnson SLD Lynch TRR Reed AWR Wagner DDD DeGette LUD Underwood KRD Rice MGR Gallagher CPD Peterson

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Reviving the Economy Sustainably Towards A Recovery in Twenty-twenty Act or the RESTART Act

What it does: CRS summary · Introduced in House · Jul 2, 2020

Reviving the Economy Sustainably Towards A Recovery in Twenty-twenty Act or the RESTART Act

This bill establishes a loan program whereby the Small Business Administration (SBA) shall guarantee loan amounts to certain businesses affected by COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill requires the SBA to guarantee 100% of program loan amounts made to certain small businesses that have not more than than 5,000 full-time employees. The terms for such loans shall include (1) a maximum duration of not more than seven years; (2) an amount that is not greater than 45% of 2019 gross receipts, up to $12 million; and (3) no payment on principal for the first two years of the loan.

A lender that is otherwise approved to make paycheck protection loans may make and approve loans established by the bill, and a recipient may use loan funds for specified allowable expenses including payroll costs, rent, utilities, and personal protective equipment.

Such loans may be forgiven up to the amount of total losses incurred by the recipient in the taxable year 2020.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: RESTART Act

Also known as: Reviving the Economy Sustainably Towards A Recovery in Twenty-twenty Act

Latest action (Jul 2, 2020): Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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: Jul 2, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.