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United States · Bill · HR

H.R. 6679 (116th)

To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

1 May 2020

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees. Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.

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Documents

3 official files

Introduced in House (text)

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Sources

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