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H.R. 1757: BRAVO Act


The text of the bill below is as of Mar 10, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 1757

IN THE HOUSE OF REPRESENTATIVES

March 10, 2021

introduced the following bill; which was referred to the Committee on Small Business

A BILL

To permit shuttered venue operators to receive shuttered venue operator grants and paycheck protection program loans, and for other purposes.

1.

Short title

This Act may be cited as the Boosting Revenue Assistance for Venue Operators Act or the BRAVO Act.

2.

Shuttered venue operator paycheck protection program loan eligibility

Section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public Law 116–260) is amended—

(1)

in subsection (a)(1)(A)(vi)—

(A)

by striking subclause (III);

(B)

by redesignating subclause (IV) as subclause (III); and

(C)

in subclause (III), as so redesignated, by striking (I), (II), and (III) and inserting (I) and (II);

(2)

by redesignating subsections (e) and (f) as subsections (f) and (g), respectively; and

(3)

by inserting after subsection (d) the following new subsection:

(e)

Non-duplication

A recipient of a loan guaranteed under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)) may receive a grant under this section only if such grant is used for purposes other than paying payroll costs and other obligations described in section 7(a)(36)(F) of the Small Business Act (15 U.S.C. 636(a)(36)(F)).

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