BRAVO Act

Boosting Revenue Assistance for Venue Operators Act or the BRAVO Act

This bill modifies a grant program established to provide economic relief to venue operators in response to COVID-19 (i.e., coronavirus disease 2019).

Currently, these grants may be awarded to specified live venue operators or promoters, theatrical producers, or live venue operators or promoters, as well as museum operators, motion picture theatre operators, or talent representatives if they do not also receive a paycheck protection loan or an economic injury disaster loan.

The bill provides that a recipient of a paycheck protection loan or an economic injury disaster loan may still receive a grant under this program, but only if the grant is used for purposes other than those for which the recipient uses the loan funds (e.g., paying payroll costs).

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1757 Introduced in House (IH)]

<DOC>






117th CONGRESS
  1st Session
                                H. R. 1757

To permit shuttered venue operators to receive shuttered venue operator 
 grants and paycheck protection program loans, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2021

  Mr. Sean Patrick Maloney of New York introduced the following bill; 
         which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
To permit shuttered venue operators to receive shuttered venue operator 
 grants and paycheck protection program loans, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Boosting Revenue Assistance for 
Venue Operators Act'' or the ``BRAVO Act''.

SEC. 2. SHUTTERED VENUE OPERATOR PAYCHECK PROTECTION PROGRAM LOAN 
              ELIGIBILITY.

    Section 324 of the Economic Aid to Hard-Hit Small Businesses, 
Nonprofits, and Venues Act (Public Law 116-260) is amended--
            (1) in subsection (a)(1)(A)(vi)--
                    (A) by striking subclause (III);
                    (B) by redesignating subclause (IV) as subclause 
                (III); and
                    (C) in subclause (III), as so redesignated, by 
                striking ``(I), (II), and (III)'' and inserting ``(I) 
                and (II)'';
            (2) by redesignating subsections (e) and (f) as subsections 
        (f) and (g), respectively; and
            (3) by inserting after subsection (d) the following new 
        subsection:
    ``(e) Non-duplication.--A recipient of a loan guaranteed under 
paragraph (36) or (37) of section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) may receive a grant under this section only if such 
grant is used for purposes other than paying payroll costs and other 
obligations described in section 7(a)(36)(F) of the Small Business Act 
(15 U.S.C. 636(a)(36)(F)).''.
                                 <all>