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H.R. 6304 116th Congress House

Small Business Repayment Relief Act of 2020

Official title: To authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made usin… Show full official titleShow less

Official title: To authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.

Introduced: May 27, 2020 See on congress.gov
Commerce Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalCardiovascular and respiratory health
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Credit and credit marketsEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesInterest, dividends, interest ratesMinority and disadvantaged businessesSmall businessVeterans' education, employment, rehabilitationVeterans' loans, housing, homeless programsWomen in business
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2020
Referred to the House Committee on Small Business.
Mar 19, 2020
Introduced in House
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 Latest action March 19, 2020

Referred to the House Committee on Small Business.

 Plain-English summary Congressional Research Service

Small Business Repayment Relief Act of 2020

This bill requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period.

The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

 Related & companion bills 5
  • HR 748 CARES Act
  • HR 6379 Workforce Emergency Response Act of 2020
  • HR 6312 COVID–19 Relief for Small Businesses Act of 2020
  • HR 6396 Responsible Relief for Americans Act
  • S 3519 A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed un…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 6
Axne, Cynthia
· May 27, 2020
 D
Carson, André
Indiana · May 27, 2020
 D
Chu, Judy
California · May 27, 2020
 D
Crow, Jason
Colorado · May 27, 2020
 D
Norton, Eleanor Holmes
District of Columbia · May 27, 2020
 D
Pappas, Chris
New Hampshire · May 27, 2020
 D
Velázquez, Nydia M.
New York · May 27, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6304: Small Business Repayment Relief Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6304/
MLA
"H.R. 6304: Small Business Repayment Relief Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6304/.
Bluebook (legal)
H.R. 6304, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6304/.
Markdown link
[H.R. 6304: Small Business Repayment Relief Act of 2020](https://openamerica.io/bill/116-HR-6304/)
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