ABSTRACT

SBA Shuttered Venue Operators Grant Program (SVOG) [Updated April 12, 2021]   [open pdf - 1MB]

From the Summary: "Most of the SBA's [Small Business Administration's] funding during the 116th Congress was provided through supplemental appropriations for new and expanded programs, including the Paycheck Protection Program ($806.45 billion), Economic Injury Disaster Loans ($50.02 billion), Emergency Economic Injury Disaster Loan advance (grant) payments ($20 billion), Targeted Economic Injury Disaster Loan advance (grant) payments ($20 billion), and the Shuttered Venue Operators Grant (SVOG) program ($15 billion). This report focuses on the new $16.25 billion SVOG program--authorized by P.L. [public law] 116-260, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Division N, Title III of the Consolidated Appropriations Act, 2021), provided an additional $1.25 billion by P.L. 117-2, the American Rescue Plan Act of 2021, and administered by the SBA's Office of Disaster Assistance--which provides grants to shuttered venues affected by the COVID-19 [coronavirus disease 2019] pandemic."

Report Number:
CRS Report for Congress, R46689
Author:
Publisher:
Date:
2021-04-12
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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