The Bill applies to arts organizations, arts workers, and artists. There is relief for non-profit organizations, small businesses, independent contractors, and self-employed individuals.
The Bill calls for:
Paycheck Protection COVID-19 relief loans.
Organizations, including 501(c)(3) non-profits, and self-employed individuals will have access to forgivable loans through a streamlined application process intended to provide rapid relief, keep workers on the payroll, and help self-employed workers. Independent contractors and those who are self-employed can begin applying on April 10, 2020.
Applicants may apply to their lender for loan forgiveness.
A borrower shall be eligible for loan forgiveness equal to the amount spent by the borrower during an 8-week period after the origination date of the loan.
Pandemic unemployment assistance for workers, including self-employed individuals.
Unemployment benefits will be expanded to provide an additional $600 per week above the amount allowed under state unemployment benefits, for four months.
Money granted to the National Endowment for the Arts (NEA) to distribute to non-profit arts organizations.