Daines proposes fund for ‘very small’ businesses
A bipartisan bill introduced this week by U.S. Sen. Steve Daines, R-Mont., and U.S. Sen. Cory Booker, D-N.J., aims to ease some of the economic pains facing mom-and-pop sized businesses across America. The legislation is intended to assist “very small” businesses with fewer than 20 workers during the ongoing COVID-19 pandemic. The RELIEF for Main Street Act would create a $50 billion fund, operated by the Treasury Department, to seed and scale small business relief funds at the city or county level, according to information from Daines’ office. The assistance would be directed toward businesses with fewer than 20 employees,