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Aid for Border Tourism Businesses: Forgivable Loans Program.

This act establishes a forgivable loan program for remote recreational businesses near the Canadian border that experienced significant revenue loss in 2020. It aims to support businesses affected by travel restrictions, especially those only accessible via Canada. This program offers financial relief that does not need to be repaid, helping these businesses sustain operations and employment.
Key points
Remote recreational businesses near the Canadian border with over 50% revenue loss in 2020 are eligible for forgivable loans.
Loans are for businesses whose access was restricted by the U.S.-Canadian border closure, particularly those only accessible via Canada.
The maximum loan amount is 75% of the business's 2019 gross annual receipts.
Loans will be 100% forgiven, minus any amounts received from other forgiveness programs like the CARES Act.
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Additional Information
Print number: 117_HR_3188
Sponsor: Rep. Fischbach, Michelle [R-MN-7]
Process start date: 2021-05-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

ANGLE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3188.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-13.

What are the main provisions?

Key points include:

  • Remote recreational businesses near the Canadian border with over 50% revenue loss in 2020 are eligible for forgivable loans.
  • Loans are for businesses whose access was restricted by the U.S.-Canadian border closure, particularly those only accessible via Canada.
  • The maximum loan amount is 75% of the business's 2019 gross annual receipts.
  • Loans will be 100% forgiven, minus any amounts received from other forgiveness programs like the CARES Act.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fischbach, Michelle [R-MN-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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