Fairness for Craft Beverage Producers Act This bill provides additional economic relief to certain beverage manufacturers in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill gives certain beverage manufacturers (e.g., breweries and wineries that derived at least 35% of their gross annual income during either 2019 or 2020 from in-person sales) access to second draw loans under the Paycheck Protection Program. Further, it makes these beverage manufacturers eligible to receive additional months of subsidized principal and interest payments on certain Small Business Administration loans.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Small Business.
Introduced in House
Referred to the House Committee on Small Business.
Commerce
Cardiovascular and respiratory healthEconomic performance and conditionsFood industry and servicesGovernment lending and loan guaranteesInfectious and parasitic diseasesWages and earnings
Fairness for Craft Beverage Producers Act
USA117th CongressHR-1035| House
| Updated: 2/11/2021
Fairness for Craft Beverage Producers Act This bill provides additional economic relief to certain beverage manufacturers in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill gives certain beverage manufacturers (e.g., breweries and wineries that derived at least 35% of their gross annual income during either 2019 or 2020 from in-person sales) access to second draw loans under the Paycheck Protection Program. Further, it makes these beverage manufacturers eligible to receive additional months of subsidized principal and interest payments on certain Small Business Administration loans.
Cardiovascular and respiratory healthEconomic performance and conditionsFood industry and servicesGovernment lending and loan guaranteesInfectious and parasitic diseasesWages and earnings