United States · Bill · HR
H.R. 6344 (116th)
Expediting the EIDL Program Act of 2020
Introduced
23 March 2020
Last action
23 March 2020 · Introduced
Status
Referred to the House Committee on Small Business.
Sponsors
Rep. Evans, Dwight [D-PA-3]
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Expediting the EIDL Program Act of 2020 This bill modifies the disbursement of economic injury disaster loans by the Small Business Administration (SBA) with respect to such loans made in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill authorizes the SBA to increase the amount of a disaster loan to a small business by 20% to cover costs related to continuity of operations and risk mitigation improvements. The bill also authorizes the SBA to make such loans to startups and to waive rules related to affiliation, and it requires the SBA to waive the personal guarantee requirement on such loans made to cooperatives. In addition, an applicant for a disaster loan may request an advance on such loan up to a specified amount, and they shall not be required to repay any amount of an advance if they are subsequently denied a disaster loan. The bill also authorizes the SBA to approve an applicant for a disaster loan that is below a certain amount based solely on the applicant's credit score and to use alternative methods to determine such applicant's ability to repay. Further, the bill establishes a maximum interest rate on a disaster loan based on an applicant's ability to obtain credit elsewhere, and it expands the qualifying events for which a disaster loan may be awarded to include emergencies involving federal primary responsibility.
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)
This file cannot be previewed here. Use View or Download.
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House (text)
Introduced in House · EN · 23 March 2020
Introduced in House (PDF)
Introduced in House · EN · 23 March 2020
ViewDownloadOpen at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 23 March 2020
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Evans, Dwight [D-PA-3] · D · Sponsor
- · hssm00 · Standing
Related records
- 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/6344
- Open data entity: https://api.congress.gov/v3/bill/116/hr/6344
- us · 116-hr-6344 · source updated 7 April 2025