HB 23-04: More Money for Hurting Small Businesses Act (Passed)

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Cinyc's amendment is adopted

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I'm inclined to move towards a final vote on this unless anyone has anything else to say.

Motion for a final vote

[cinyc]

Do we have to wait until the President signs the original bill to pass this? I suppose the Senate still needs to take this up, so I'll second the motion.

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Do we have to wait until the President signs the original bill to pass this? I suppose the Senate still needs to take this up, so I'll second the motion.

Luckily the original bill has now been signed so that shouldn't be an issue.

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Final vote

48 hours

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Aye

[cinyc]

Aye

[Leinad]

Aye

[Fmr. Representative Encke]

Aye

[RC]

Aye

[Elcaspar]

Abstain

[Blair]

aye

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Passes

6-0-1-2

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More Money for Hurting Small Businesses Act.

1. $350,000,000,000 shall be available until expended, that such amounts shall be transferred to the Small Business Administration to make economic injury disaster loans to small businesses. The maximum loan amount shall be the lesser of—

(1) the product obtained by multiplying—

(A) the average total monthly payments by the applicant for payroll, mortgage payments, rent payments, and payments on any other debt obligations incurred during the 1 year period before the date on which the loan is made, except that, in the case of an applicant that is seasonal employer, as determined by the Administrator, the average total monthly payments for payroll shall be for the period beginning March 1, 2019 and ending June 30, 2019; by

(B) 4; or

(2) $10,000,000.

An eligible recipient shall be eligible for forgiveness of indebtedness on these loan in an amount equal to the cost of maintaining payroll continuity during the covered period.

2. Section 5 of the Coronavirus Containment and Emergency Response Act shall be amended as follows:

Section 5. Mandatory Medical Paid Leave

(a.) All employed people in Atlasia who have been diagnosed with coronavirus or are caring for family members with coronavirus must receive two-thirds of their wages for up to three months.
(i) For businesses with up to 250 employees, these wage payments shall be paid by the Atlasian federal government.
(ii) For businesses with 251-500 employees, 50% of these wage payments shall be paid by the Atlasian federal government.

House of Representatives
Passed the House of Representatives 6-0-1-2