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Winter Recreation Small Business Recovery Act of 2024

10/4/2024, 8:07 PM

Summary of Bill S 5049

Bill 118 s 5049, also known as the Winter Recreation Small Business Recovery Act of 2024, is a piece of legislation introduced in the US Congress aimed at providing support to small businesses in the winter recreation industry that have been negatively impacted by the COVID-19 pandemic.

The bill proposes several measures to help these businesses recover and thrive in the wake of the pandemic. This includes providing financial assistance in the form of grants and loans to help cover operating costs, such as rent, utilities, and payroll. Additionally, the bill seeks to establish a task force to study the long-term effects of the pandemic on the winter recreation industry and make recommendations for future support.

Furthermore, the Winter Recreation Small Business Recovery Act of 2024 aims to promote economic growth in the winter recreation sector by investing in infrastructure improvements, such as ski lifts, snowmaking equipment, and trail maintenance. This is intended to attract more visitors to winter recreation destinations and stimulate local economies. Overall, the bill is designed to provide much-needed support to small businesses in the winter recreation industry as they work to recover from the challenges posed by the COVID-19 pandemic. It emphasizes the importance of these businesses to local economies and seeks to ensure their long-term viability and success.

Current Status of Bill S 5049

Bill S 5049 is currently in the status of Bill Introduced since September 12, 2024. Bill S 5049 was introduced during Congress 118 and was introduced to the Senate on September 12, 2024.  Bill S 5049's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of September 12, 2024

Bipartisan Support of Bill S 5049

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
6
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5049

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 5049

Winter Recreation Small Business Recovery Act of 2024
Winter Recreation Small Business Recovery Act of 2024
A bill to modify the definition of disaster in the Small Business Act to include low or no snowfall amounts, and for other purposes.

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