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Aid for US-Canada Border Businesses: Forgivable Loans

This act establishes a forgivable loan program for small businesses in the U.S. located near the Canadian border, accessible only by land via Canada. It aims to assist businesses that experienced over a 50% revenue reduction in 2020 due to border closures, helping them recover losses and sustain operations.
Key points
Businesses located in the U.S., within 75 miles of the Canadian border, with land access only via Canada, are eligible for assistance.
Loans are for businesses that saw a revenue drop of over 50% in 2020 compared to 2019 due to border closures.
The maximum loan amount is 75% of the business's 2019 annual gross receipts, and the loan can be 100% forgiven, minus other aid received.
The program intends to provide financial support and stabilize small businesses affected by border movement restrictions.
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Additional Information
Print number: 117_HR_3760
Sponsor: Rep. DelBene, Suzan K. [D-WA-1]
Process start date: 2021-06-08
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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

Point Roberts Small Business Fairness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3760.

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 2021-06-08.

What are the main provisions?

Key points include:

  • Businesses located in the U.S., within 75 miles of the Canadian border, with land access only via Canada, are eligible for assistance.
  • Loans are for businesses that saw a revenue drop of over 50% in 2020 compared to 2019 due to border closures.
  • The maximum loan amount is 75% of the business's 2019 annual gross receipts, and the loan can be 100% forgiven, minus other aid received.
  • The program intends to provide financial support and stabilize small businesses affected by border movement restrictions.
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. DelBene, Suzan K. [D-WA-1].

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 2025-12-28.

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