H.R. 561 — Introduced in House

I 117th CONGRESS 1st Session H. R. 561 IN THE HOUSE OF REPRESENTATIVES January 28, 2021Mr. Lieu (for himself, Mr. Fitzpatrick, Mr. Suozzi, Mr. Case, Miss Rice of New York, and Ms. Craig) introduced the following bill; which was referred to the Committee on Small Business A BILL To direct the Administrator of the Small Business Administration to issue rules or guidance on the ability of borrowers to use economic injury disaster loan proceeds for covered worker protection expenditures, and for other purposes. 1. Short title This Act may be cited as the Reopen Small Businesses Safely Act. 2. Use of economic injury disaster loan proceeds for covered worker protection expenditures (a) In general Not later than 10 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall issue such rules or guidance necessary to ensure that a borrower of a loan made under section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) may use the proceeds of such loan for covered worker protection expenditures (as defined in section 7A(a) of the Small Business Act). (b) Applicability This Act shall apply to a loan made under section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2))— (1) on or after the date of the enactment of this Act; or (2) before the date of the enactment of this Act that is in repayment on such date of the enactment.