Sec. 3. Purpose
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It is the purpose of this Act to ensure domestic economic recovery from the COVID–19 pandemic by ensuring that businesses in impaired sectors can resume their function as strong engines of the economy and employers by— offsetting operating expenses for businesses that are partially or completely shut down as a result of COVID–19 related closures, and supporting employers’ ability to retain employees and rehire employees laid off as a result of the COVID–19 pandemic; encourage businesses to reopen by providing them the necessary assistance and resources to survive the COVID–19 pandemic; assisting employees of eligible employers who have contracted or have been exposed during their employment to COVID–19, who are unable to work and who would otherwise not be eligible for assistance; providing support for small businesses and women- and minority-owned businesses; and providing assistance in a manner that complements the assistance programs established under the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ).
Any funds paid to an applicant under this Act shall be used exclusively for the purpose of domestic economic recovery as set forth in subsection (a). The Special Administrator shall prioritize compensation payments under this Act, based on— the level of impairment a business is experiencing as a result of the COVID–19 pandemic; whether the business operates in a rural or low-to-moderate income community, as determined by the Special Administrator; whether the business is a women-owned business or a minority-owned business; and whether the business is a small business, including an independently owned franchise, as determined by the Special Administrator.
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Sec. 3
Purpose
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