To amend the CARES Act to provide for the prioritization of applications from certain small businesses seeking Payroll Protection Program loans through the Small Business Administration.

Summary

This bill requires the Small Business Administration, in making loan guarantees under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to guarantee that employers with 25 or fewer employees shall receive at least 50% of all loan dollars.

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Timeline

1. 12 May 2020

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 12 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 May 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 May 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 May 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 12 May 2020

  Open at official source

Sponsors

• Al Green · D · Sponsor
• Rep. Beatty, Joyce [D-OH-3] · D · Sponsor
• · hssm00 · Standing

Related records

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