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Aid for Border Tourism Businesses: Forgivable Loans for Remote Recreational Firms

This act establishes a forgivable loan program for small recreational businesses in the U.S. located near the Canadian border and only accessible via Canada. It aims to assist businesses that experienced significant revenue loss due to the border closure in 2020. These loans are designed to help these specific businesses recover.
Key points
U.S. recreational businesses within 75 miles of the Canadian border, accessible only via Canada, are eligible for forgivable loans.
Support is for businesses that lost over 50% of revenue between March and July 2020 compared to 2019.
The maximum loan amount is 75% of the business's 2019 gross annual receipts, minus other aid received.
Loans will be 100% forgiven within one year of the act's enactment if conditions are met.
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Status:
Expired
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Additional Information
Remote Recreational Small Business Interruption Program Act
Print number: S 1492
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-04-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Aid for Border Tourism Businesses: Forgivable Loans for Remote Recreational Firms

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 1492.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-29.

What are the main provisions?

Key points include:

  • U.S. recreational businesses within 75 miles of the Canadian border, accessible only via Canada, are eligible for forgivable loans.
  • Support is for businesses that lost over 50% of revenue between March and July 2020 compared to 2019.
  • The maximum loan amount is 75% of the business's 2019 gross annual receipts, minus other aid received.
  • Loans will be 100% forgiven within one year of the act's enactment if conditions are met.

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 Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 1492

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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