1. Short title This Act may be cited as the Local and Regional Farmer and Market Support Act . 2. Payments for direct marketing farmers affected by COVID–19 (a) Funding for payments (1) In general Subject to paragraph (2), of the funds of the Commodity Credit Corporation, the Secretary shall use $1,000,000,000 for fiscal year 2020, to remain available until expended, to carry out payments under this section. (2) Reservation for socially disadvantaged farmers or ranchers Of the funds made available under paragraph (1), the Secretary shall reserve 20 percent for payments to socially disadvantaged farmers or ranchers under this section for fiscal year 2020. (3) Award of payments The Secretary shall make all payments under this section not later than 210 days after the date of the enactment of this Act. (b) Eligibility (1) Application (A) In general The Secretary shall provide a payment to a covered producer that submits to the Secretary an application in accordance with subparagraph (B) demonstrates, as determined by the Secretary, that— (i) the producer is a covered producer; and (ii) either— (I) the revenue of the covered producer was reduced by 5 percent or greater during the covered period, as compared to the benchmark revenue of the covered producer