S. 4258

Referred to Committee

SOS Act

Introduced 7/22/2020•116th Congress•Senate

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Read twice and referred to the Committee on Small Business and Entrepreneurship.

7/22/2020 • Senate

Summary

Save our Stages Act or the SOS Act

This bill authorizes the Small Business Administration (SBA) to make grants to eligible live venue operators, producers, promoters, or talent representatives to address the economic effects of the COVID-19 (i.e., coronavirus disease 2019) pandemic on certain live venues.

Specifically, the SBA may make (1) an initial grant of up to $12 million dollars to an eligible operator, promoter, producer, or talent representative; and (2) a supplemental grant that is equal to 50% of the initial grant. An initial grant must be used for costs incurred between March 1, 2020, and December 31, 2020, but a supplemental grant may be used for expenses incurred through June 30, 2021.

Such grants shall be used for specified expenses such as payroll costs, rent, utilities, and personal protective equipment.

Introduced in Senate • 7/22/2020

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Topics & Subjects

Policy Area: Commerce

Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careEmployee benefits and pensionsHealth care costs and insuranceHealth care coverage and accessHealth technology, devices, suppliesInfectious and parasitic diseasesMusicPerforming artsSmall businessWages and earningsWorker safety and health