1. Short title This Act may be cited as the Assistance for Businesses and Local Economies Act or the ABLE Act of 2020 . 2. Establishment and coordination of the emergency social insurance program (a) In general The Administrator of the Social Security Administration and the Administrator of the Small Business Administration, under the direction of the Secretary of Labor and the Secretary of the Treasury, respectively, in consultation with the Commissioner of the Internal Revenue Service, shall establish a joint program to efficiently coordinate and deliver direct payments to affected small businesses and affected idle workers during the COVID-19 crisis. (b) Establishment The Emergency Social Insurance Program shall be a dual approach for direct government assistance to meet full salary need of lost wages faced by affected idle workers and to meet full maintenance need of output losses faced by affected small businesses in order to stabilize and shelter the economy from COVID-19. (c) Coordination The Social Security Administration and the Department of Labor shall collaborate with States to increase and maximize unemployment insurance benefits for affected idle workers through existing State agency mechanisms. The Small Business Administration and the Department of the Treasury (with the Internal Revenue Service) shall be responsible for establishing and managing a $500 billion fund for direct economic injury grants for qualifying small businesses, with IRS assisting in verification and oversight of awards’ amounts and uses. (d) Definitions In this Act: (1) SSA; SSA Administrator; SBA; SBA Administrator; IRS