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   &lt;pre&gt;[Congressional Record Volume 167, Number 83 (Thursday, May 13, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mrs. FISCHBACH:H.R. 3188.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H2315]&lt;/pre&gt;
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      Emergency medical services and trauma care
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      Government lending and loan guarantees
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      Infectious and parasitic diseases
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     &lt;p&gt;&lt;b&gt;Assistance Needed for Great Losses Experienced in Isolated Northern Lakes Economic Territory Act or the ANGLE Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain remote recreational businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019).&lt;/p&gt; &lt;p&gt;Eligible remote recreational businesses must (1) have experienced a loss in revenue that is greater than 50% between March 1, 2020, and December 31, 2020, as compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border restricted the ability of American customers to access the location of such businesses.&lt;/p&gt; &lt;p&gt;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. &lt;/p&gt;
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H11100
2021-05-13
Small Business Committee
hssm00
2
House floor actions
Referred to the House Committee on Small Business.
IntroReferral
Intro-H
2021-05-13
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-05-13
9
Library of Congress
Introduced in House
IntroReferral
2021-05-13T16:05:25Z
Referred to
House
Small Business Committee
hssm00
Standing
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
Emmer
R
2021-05-13
MN
S001212
8
Pete
Rep. Stauber, Pete [R-MN-8]
Stauber
R
2021-05-13
MN
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-05-13
2021-05-13
Referred to the House Committee on Small Business.
House
Commerce
2021-04-29
Read twice and referred to the Committee on Small Business and Entrepreneurship.
CRS
Related bill
Remote Recreational Small Business Interruption Program Act
S
F000470
7
Michelle
Rep. Fischbach, Michelle [R-MN-7]
N
Fischbach
R
MN
Canada Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Outdoor recreation Small business
2021-05-13
Introduced in House
 <p><b>Assistance Needed for Great Losses Experienced in Isolated Northern Lakes Economic Territory Act or the ANGLE Act </b></p> <p>This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain remote recreational businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019).</p> <p>Eligible remote recreational businesses must (1) have experienced a loss in revenue that is greater than 50% between March 1, 2020, and December 31, 2020, as compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border restricted the ability of American customers to access the location of such businesses.</p> <p>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. </p>
2021-10-22T18:18:20Z
00
2021-05-13T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3188ih/xml/BILLS-117hr3188ih.xml
ANGLE Act
ANGLE Act
Display Title
IH
Introduced in House
To direct the Administrator of the Small Business Administration to establish a forgivable loan program for remote recreational businesses, and for other purposes.
Official Title as Introduced
IH
Introduced in House
ANGLE Act
Short Title(s) as Introduced
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Introduced in House
Assistance Needed for Great Losses Experienced in Isolated Northern Lakes Economic Territory Act
Short Title(s) as Introduced
HR
2023-01-11T13:49:48Z
2023-01-11T13:49:48Z
3.0.0
2021-04-29
Read twice and referred to the Committee on Small Business and Entrepreneurship.
CRS
Related bill
Remote Recreational Small Business Interruption Program Act
S
H11100
2021-05-13
Small Business Committee
hssm00
2
House floor actions
Referred to the House Committee on Small Business.
IntroReferral
Intro-H
2021-05-13
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Library of Congress
Introduced in House
IntroReferral
1000
2021-05-13
9
Library of Congress
Introduced in House
IntroReferral
F000470
7
Michelle
Rep. Fischbach, Michelle [R-MN-7]
N
Fischbach
R
MN
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
Emmer
R
2021-05-13
MN
S001212
8
Pete
Rep. Stauber, Pete [R-MN-8]
Stauber
R
2021-05-13
MN
Canada Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Outdoor recreation Small business
2021-05-13
Introduced in House
 <p><b>Assistance Needed for Great Losses Experienced in Isolated Northern Lakes Economic Territory Act or the ANGLE Act </b></p> <p>This bill requires the Small Business Administration (SBA) to establish a program to make forgivable loans to certain remote recreational businesses that are impacted by border closures due to COVID-19 (i.e., coronavirus disease 2019).</p> <p>Eligible remote recreational businesses must (1) have experienced a loss in revenue that is greater than 50% between March 1, 2020, and December 31, 2020, as compared with the same period in the previous year; and (2) show that the closure of the U.S.-Canada border restricted the ability of American customers to access the location of such businesses.</p> <p>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. </p>
2021-10-22T18:18:20Z
00
ANGLE Act
ANGLE Act
Display Title
IH
Introduced in House
To direct the Administrator of the Small Business Administration to establish a forgivable loan program for remote recreational businesses, and for other purposes.
Official Title as Introduced
IH
Introduced in House
ANGLE Act
Short Title(s) as Introduced
IH
Introduced in House
Assistance Needed for Great Losses Experienced in Isolated Northern Lakes Economic Territory Act
Short Title(s) as Introduced
2021-05-13
Referred to the House Committee on Small Business.