S 1492
Remote Recreational Small Business Interruption Program Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill creates a program through the Small Business Administration (SBA) to provide forgivable loans to remote recreational businesses located near the U.S.-Canada border. These businesses experienced a significant revenue loss – over 50% – between March and July 2020 due to the border closure, which impacted their ability to attract American customers. The loans, up to 75% of the business's 2019 revenue, would be fully forgiven after one year, minus any funds received from other government programs.
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