HR 6409
ABLE Act of 2020
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Assistance for Businesses and Local Economies Act (ABLE Act of 2020) establishes the Emergency Social Insurance Program to provide direct financial assistance to small businesses and unemployed workers impacted by the COVID-19 crisis. This program involves the Social Security Administration and the Small Business Administration working together to offer expanded unemployment benefits and grant funds to struggling businesses. Specifically, the bill aims to support small businesses with fewer than 100 employees, prioritize minority-owned and veteran-owned businesses, and provide grants to cover essential maintenance costs, excluding them from taxable income.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.