Section 1 Short title
This Act may be cited as the “Reopen Small Businesses Safely Act”.
Reopen Small Businesses Safely Act
A BILL
To direct the Administrator of the Small Business Administration to issue rules or guidance on the ability of borrowers to use economic injury disaster loan proceeds for covered worker protection expenditures, and for other purposes.
Sec. 2 Use of economic injury disaster loan proceeds for covered worker protection expenditures
In general— Not later than 10 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall issue such rules or guidance necessary to ensure that a borrower of a loan made under section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) may use the proceeds of such loan for covered worker protection expenditures (as defined in section 7A(a) of the Small Business Act).
Applicability— This Act shall apply to a loan made under section 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2))—
on or after the date of the enactment of this Act; or
before the date of the enactment of this Act that is in repayment on such date of the enactment.