Small Business Relief Guaranteed Loan Program Act of 2020

referredUnited States· United States Congress· EN

Introduced

23 March 2020

Last action

23 March 2020 · Introduced

Status

Referred to the House Committee on Small Business.

Summary

Small Business Relief Guaranteed Loan Program Act of 2020 This bill requires the Small Business Administration (SBA) to carry out a temporary program to guarantee loans made by banks or other lenders to small businesses affected by COVID-19 (i.e., coronavirus disease 2019). Such loans shall be zero-interest, fee-free loans, and up to 50% of the principal on such loans shall be forgiven if a recipient demonstrates that its employment has not decreased between December 31, 2019, and December 31, 2021. In addition to permitted uses of SBA loans, such guaranteed loans may also be used for purposes such as providing employees of the borrower with (1) benefits and wages, (2) technology for shifting to telework or remote work, or (3) necessary items specified by a public health authority to mitigate the spread of COVID-19.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

23 March 2020
Introduced
Referred to the House Committee on Small Business.
Source: IntroReferral
23 March 2020
Introduced
Introduced in House
Source: IntroReferral
23 March 2020
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 23 March 2020 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 23 March 2020
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Introduced in House (PDF)
Introduced in House · EN · 23 March 2020
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Introduced in House
summary · EN · 23 March 2020
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → SBA Business Stabilization Direct Loan Program Act of 2020
related to → COVID–19 Relief for Small Businesses Act of 2020

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/116th-congress/house-bill/6341
Open data entity: https://api.congress.gov/v3/bill/116/hr/6341
us · 116-hr-6341 · source updated 3 January 2025