MOM-AND-POP Act

Summary

Maximizing Our Money and Addressing Novel Disasters by Protecting Our Proprietors Act or the MOM-AND-POP Act This bill reserves assistance under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), for specified small entities. Specifically, the bill establishes a set-aside of at least 25% of amounts appropriated for paycheck protection loans to guarantee loans of $150,000 or less made to small entities such as a (1) business or nonprofit with 25 employees or fewer, (2) sole proprietor, or (3) self-employed individual. The Small Business Administration must consider implementing a similar set-aside for any future loan programs created in direct response to a major disaster.

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Timeline

1. 22 May 2020

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 22 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 May 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 May 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 May 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 May 2020

  Open at official source

Sponsors

• Rep. Bilirakis, Gus M. [R-FL-12] · R · Sponsor
• Sen. Blunt Rochester, Lisa [D-DE] · D · Sponsor
• · hssm00 · Standing

Related records

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