Point Roberts Small Business Fairness Act
This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain small businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019).
Eligible small businesses must (1) have experienced a loss in revenue that is greater than 50% during the second, third, or fourth quarter of 2020 compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border directly resulted in a reduction in gross receipts or restricted the ability of American customers to access the location of such businesses.
The maximum loan amount shall be equal to 75% of the business's FY2019 revenue, and the SBA shall forgive 100% of the value of such loan, less the amount the borrower received from (1) any other loan forgiveness program, or (2) any emergency advance under the economic impact disaster loan program.
To direct the Administrator of the Small Business Administration to 
establish a forgivable loan program for certain businesses located near 
     the United States and Canadian border, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Point Roberts Small Business 
Fairness Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Administrator.--The term ``Administrator'' means the 
        Administrator of the Small Business Administration.
            (2) Covered business.--The term ``covered business'' means 
        a small business concern (as defined in section 3 of the Small 
        Business Act (15 U.S.C. 632))--
                    (A) located in the contiguous United States;
                    (B) located within 75 miles of the United States 
                and Canadian border; and
                    (C) only accessible by land via Canada.

SEC. 3. FORGIVABLE LOAN PROGRAM FOR COVERED BUSINESSES.

    (a) In General.--The Administrator shall establish a program to 
make forgivable loans available to covered businesses that had gross 
receipts during the second, third, or fourth quarter of 2020 that 
demonstrate a greater than 50 percent reduction from the gross receipts 
of the entity during the same quarter in 2019.
    (b) Eligibility.--To be eligible for a forgivable loan under 
subsection (a), a covered business shall--
            (1) have been in operation on March 1, 2020; and
            (2) show that the closure of the United States and Canadian 
        border--
                    (A) directly resulted in a reduction in the gross 
                receipts of the covered business; or
                    (B) restricted the ability of customers to access 
                the location of the covered business.
    (c) Loan Amount.--The maximum loan amount under subsection (a) 
shall be equal to 75 percent of the gross annual receipts for the 
covered business for fiscal year 2019.
    (d) Forgiveness.--Not later than 1 year after the date of enactment 
of this Act, the Administrator shall forgive 100 percent of the value 
of a loan made to a covered business under subsection (a) less the 
amount the covered business received from--
            (1) any other loan forgiveness program, including any 
        program established under the CARES Act (Public Law 116-136); 
        or
            (2) an advance under section 1110 of the CARES Act (15 
        U.S.C. 9009).
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Point Roberts Small Business Fairness Act
To direct the Administrator of the Small Business Administration to establish a forgivable loan program for certain businesses located near the United States and Canadian border, and for other purposes.
Point Roberts Small Business Fairness Act
Rep. DelBene, Suzan K.