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United States · Bill · S

S. 513 (117th)

EIDL for Small Businesses Act

referredUnited States· United States Congress· EN

Introduced

1 March 2021

Last action

1 March 2021 · Introduced

Status

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Sen. Rosen, Jacky [D-NV], Sen. Cornyn, John [R-TX]

Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Ensuring Increased Disaster Loans for Small Businesses Act or the EIDL for Small Businesses Act This bill authorizes and provides funding for additional Small Business Administration (SBA) disaster loans and advances on such loans, and it modifies the requirements for providing these advances. Specifically, the bill authorizes an additional disaster loan to a prior recipient that received such a loan during the period between January 31, 2020, and December 31, 2021, up to an aggregate amount of $2 million. Further, the bill prohibits the SBA from imposing a maximum loan amount limit that is lower than $2 million for an initial disaster loan. The bill also requires the SBA to provide a recipient of an additional disaster loan an additional advance such that the total advance amount received by the applicant is $10,000. The SBA must submit a monthly report on the status of appropriations for disaster loans.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 March 2021

    Introduced

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

  2. 1 March 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 1 March 2021

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 1 March 2021

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 1 March 2021

    Open at official source

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Sponsors

Related records

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Sources

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