Where can I find information about the American Rescue Plan Act for small businesses?

On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA), H.R. 1319, was enacted into law. The full text of ARPA as enacted is available on Congress.gov (please note that it is a long bill and can take a few minutes to fully load in some browsers). The Law Library of Congress has prepared a series of resource-driven FAQs to assist researchers with questions about ARPA. All FAQs in this series share the topic “ARPA FAQS.”

These FAQs are for reference and informational purposes only and do not constitute legal advice. They are not statements on behalf of the United States Congress and do not represent the official opinion of the United States Government. To understand how ARPA may affect an individual, household, business, or other body, researchers must review the act itself.

 

ARPA expands relief for small businesses and industries hard-hit by the pandemic. The Small Business Administration (SBA) will oversee most of these programs. ARPA small business relief includes:

  • $7.25 billion additional funding for the Paycheck Protection Program (PPP) and expands eligibility to additional nonprofits and digital news services (section 5001);
  • $1.25 billion for the Shuttered Venue Operators Grant (SVOG) program and allows businesses to apply for both a PPP loan after Dec. 27, 2020, and the SVOG (section 5005);
  • $15 billion additional funding for Targeted Economic Injury Disaster Loan (EIDL) Advance payments, including $5 billion for Supplemental Targeted EIDL Advance payments for those hardest hit (section 5002);
  • $28.6 billion for the Restaurant Revitalization Fund (grants) (section 5003);
  • $100 million to establish a Community Navigator pilot program; grants will go to eligible organizations supporting efforts to improve access to COVID–19 pandemic assistance programs and resources (section 5004).

The following online resources are available for researchers with questions about ARPA and small businesses.

Additionally, ARPA provides that many businesses that have been severely impacted by the pandemic will qualify for two new employer tax credits – the Credit for Sick and Family Leave (sections 9641-9643) and the Employee Retention Credit (section 9651). Information on these programs is available from the IRS at Coronavirus Tax Relief for Businesses and Tax-Exempt Entities.

Additional resources may be added to this FAQ when/if sites are updated to reflect ARPA.

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Last Updated: Apr 02, 2021
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