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H.R. 7481: RESTART Act

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H.R. 7481: RESTART Act

116th Congress · introduced 2020-07-02 · Commerce · Latest: Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2020-07-02 · official record
  2. Who proposed it: Rep. Golden, Jared F. [D-ME-2] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

RESTART Act

Plain summary

Reviving the Economy Sustainably Towards A Recovery in Twenty-twenty Act or the RESTART Act This bill establishes a loan program whereby the Small Business Administration (SBA) shall guarantee loan amounts to certain businesses affected by COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill requires the SBA to guarantee 100% of program loan amounts made to certain small businesses that have not more than than 5,000 full-time employees. The terms for such loans shall include (1) a maximum duration of not more than seven years; (2) an amount that is not greater than 45% of 2019 gross receipts, up to $12 million; and (3) no payment on principal for the first two years of the loan. A lender that is otherwise approved to make paycheck protection loans may make and approve loans established by the bill, and a recipient may use loan funds for specified allowable expenses including payroll costs, rent, utilities, and personal protective equipment. Such loans may be forgiven up to the amount of total losses incurred by the recipient in the taxable year 2020.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

RESTART Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Golden, Jared F. [D-ME-2] · 179 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mike Kelly (R-PA), Mike Quigley (D-IL), Brian K. Fitzpatrick (R-PA), Adam B. Schiff (D-CA), Eleanor Holmes Norton (D-DC), Lloyd Smucker (R-PA), Darin LaHood (R-IL), Marc A. Veasey (D-TX), Julia Brownley (D-CA), Peter Welch (D-VT), Gilbert Ray Cisneros, Jr. (D-CA), Tom Cole (R-OK), Ron Estes (R-KS), Bennie G. Thompson (D-MS), Suzanne Bonamici (D-OR), Bradley Scott Schneider (D-IL), Greg Stanton (D-AZ), Ted Lieu (D-CA), Chrissy Houlahan (D-PA), Veronica Escobar (D-TX), Marcy Kaptur (D-OH), Dina Titus (D-NV), Chellie Pingree (D-ME), Henry Cuellar (D-TX), Donald S. Beyer, Jr. (D-VA), Madeleine Dean (D-PA), Dan Crenshaw (R-TX), James R. Baird (R-IN), Vicente Gonzalez (D-TX), Lisa Blunt Rochester (D-DE) and 119 more.

Sponsor's campaign money: Rep. Golden, Jared F. [D-ME-2] reported raising $2.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong116-hr7481 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116