Small Business Lending Continuity Act of 2020

Summary

Small Business Lending Continuity Act of 2020 This bill revises the authorization for certain Small Business Administration (SBA) loan products currently linked to the Paycheck Protection Program that was implemented in response to COVID-19 (i.e., coronavirus disease 2019). Under current law, the authorization for the Paycheck Protection Program and the SBA's standard small business loan products (the 7(a) loan program ) are combined into one joint authorization for the duration of the Paycheck Protection Program. The bill returns the 7(a) loan program to the purview of its stand-alone authorization to prevent it from being terminated upon the two programs' attainment of the joint authorization cap.

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Documents

6 official files

• Considered and Passed Senate (text)

  Considered and Passed Senate · EN · 20 May 2020

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• Considered and Passed Senate (PDF)

  Considered and Passed Senate · EN · 20 May 2020

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• Engrossed in Senate (text)

  Engrossed in Senate · EN · 20 May 2020

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• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 20 May 2020

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• Passed Senate

  summary · EN · 20 May 2020

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• Introduced in Senate

  summary · EN · 20 May 2020

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