senate Bill S1596B

2021-2022 Legislative Session

Establishes the minority- and women-owned business protection program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 12, 2021 print number 1596b
Apr 12, 2021 amend (t) and recommit to commerce, economic development and small business
Mar 16, 2021 print number 1596a
Mar 16, 2021 amend and recommit to commerce, economic development and small business
Jan 14, 2021 referred to commerce, economic development and small business

Co-Sponsors

S1596 - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Labor
Versions Introduced in 2019-2020 Legislative Session:
S8364

S1596 - Summary

Establishes the minority- and women-owned business protection program to provide grants with funding from the American Rescue Plan Act of 2021 to qualifying entities that have less than 100 employees per location, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.

S1596 - Sponsor Memo

S1596 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1596
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 14, 2021
                                ___________
 
 Introduced  by Sens. SANDERS, MAY -- read twice and ordered printed, and
   when printed to be committed to the Committee  on  Commerce,  Economic
   Development and Small Business
 
 AN ACT establishing the New York state small business protection program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. a. In April 2020, the Federal Govern-
 ment enacted two Coronavirus Aid, Relief and Economic  Security  (CARES)
 Act  stimulus  packages  where  it  introduced  the  Paycheck Protection
 Program (PPP) totaling $659 billion dollars to financially assist  small
 businesses,  and  to  prevent  the loss of jobs and the failure of small
 businesses due to financial losses caused by the COVID-19 pandemic.
   b. Many local small businesses  including  minority-  and  women-owned
 businesses  (MWBEs)  in  our  state  did not receive any federal funding
 under the federal PPP in either of the two rounds of funding.  In  fact,
 most  of  the  first  round  of funding totaling $349 billion, which was
 exhausted in 2 weeks, went to large publicly traded businesses.
   c. According to a report issued by the Federal Small Business Adminis-
 tration Inspector General, the Small Business Administration  (SBA)  was
 faulted  in  administering the PPP, in that the SBA did not issue guide-
 lines for banks to prioritize businesses  in  rural  markets,  companies
 that  have  only  been  in business for two years or less, or businesses
 owned by veterans,  minorities,  women  and  economically  disadvantaged
 individuals.  Moreover,  the PPP application did not include demographic
 information making it difficult or near impossible to determine how much
 money went into the markets.
   d. As New York state is reopening regionally post  COVID-19,  many  of
 our  small  businesses,  including MWBEs and farmers who did not receive
 any PPP funding are in desperate need of funding to  employ  and/or  pay
 staff, purchase inventory, and pay rent and utilities.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03804-01-1

Co-Sponsors

S1596A - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Labor
Versions Introduced in 2019-2020 Legislative Session:
S8364

S1596A - Summary

Establishes the minority- and women-owned business protection program to provide grants with funding from the American Rescue Plan Act of 2021 to qualifying entities that have less than 100 employees per location, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.

S1596A - Sponsor Memo

S1596A - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1596--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 14, 2021
                                ___________
 
 Introduced  by Sens. SANDERS, MAY -- read twice and ordered printed, and
   when printed to be committed to the Committee  on  Commerce,  Economic
   Development  and Small Business -- committee discharged, bill amended,
   ordered reprinted as amended and recommitted to said committee
 
 AN ACT establishing the New York state small business protection program

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative  findings. a. The American Rescue Plan Act of
 2021 is a $1.9 trillion economic stimulus legislation package passed  by
 Congress  and  signed  into  law  by President Joseph Biden on March 11,
 2021.
   b. Many local small businesses  including  minority-  and  women-owned
 businesses  (MWBEs)  in  our  state  did not receive any federal funding
 under the federal Paycheck Protection Program (PPP).
   c. As New York state is reopening regionally post  COVID-19,  many  of
 our  small  businesses,  including MWBEs and farmers who did not receive
 any PPP funding are in desperate need of funding to  employ  and/or  pay
 staff, purchase inventory, and pay rent and utilities.
   §  2.  Establishment.  Notwithstanding  any  provision  of  law to the
 contrary, the legislature shall authorize the  establishment  of  a  New
 York  State  Small Business Protection Program (NYSSBPP) to be funded in
 the amount of 100 million dollars from the American Rescue Plan  Act  of
 2021.  Funding for such program may also come from state appropriations.
 Funds received from the American Rescue Plan Act of 2021 shall  be  used
 to  reimburse  any  monies  appropriated  by  the state for the purposes
 described under section four or five of this act.
   § 3. Eligibility. Entities shall be eligible for the NYSSBPP  provided
 such  entity  has less than 100 employees per location, was in existence
 in New York state by the first day the state disaster emergency  related
 to  COVID-19  was declared by the governor, can document actual economic
 harm or revenue shortfall as a direct result of the  pandemic,  and  has
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Co-Sponsors

S1596B (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Labor
Versions Introduced in 2019-2020 Legislative Session:
S8364

S1596B (ACTIVE) - Summary

Establishes the minority- and women-owned business protection program to provide grants with funding from the American Rescue Plan Act of 2021 to qualifying entities that have less than 100 employees per location, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.

S1596B (ACTIVE) - Sponsor Memo

S1596B (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1596--B
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 14, 2021
                                ___________
 
 Introduced  by Sens. SANDERS, MAY -- read twice and ordered printed, and
   when printed to be committed to the Committee  on  Commerce,  Economic
   Development  and Small Business -- committee discharged, bill amended,
   ordered reprinted as amended and  recommitted  to  said  committee  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT establishing the minority- and  women-owned  business  protection
   program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. a. The American Rescue  Plan  Act  of
 2021  is a $1.9 trillion economic stimulus legislation package passed by
 Congress and signed into law by President  Joseph  Biden  on  March  11,
 2021.
   b.  Many  local  small  businesses including minority- and women-owned
 businesses (MWBEs) in our state did  not  receive  any  federal  funding
 under the federal Paycheck Protection Program (PPP).
   c.  As  New  York state is reopening regionally post COVID-19, many of
 our MWBEs who did not receive any PPP funding are in desperate  need  of
 funding to employ and/or pay staff, purchase inventory, and pay rent and
 utilities.
   §  2.  Establishment.  Notwithstanding  any  provision  of  law to the
 contrary, the legislature shall authorize the MWBE development and lend-
 ing program to establish the MWBE protection program to be funded in the
 amount of 100 million dollars from the American Rescue Plan Act of 2021.
 Funding for such program may also come from state appropriations.  Funds
 received  from  the  American  Rescue  Plan Act of 2021 shall be used to
 reimburse  any  monies  appropriated  by  the  state  for  the  purposes
 described under section four of this act.
   §  3.  Eligibility.  Entities  shall  be  eligible for MWBE protection
 program funds provided such entity  has  less  than  100  employees  per
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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