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COVID–19 Relief for Small Businesses Act of 2020

Introduced: March 23, 2020 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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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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 Plain-English summary Congressional Research Service

COVID-19 Relief for Small Businesses Act of 2020

This bill establishes measures to support small businesses impacted by COVID-19 (i.e., coronavirus disease 2019).

Specifically, the SBA must

  • temporarily make or guarantee loans for specified uses to small businesses in a state or territory with a case of COVID-19, up to 50% of which may be forgiven;
  • pay the principal, interest, and associated fees owed on certain small business loans for a six-month period;
  • provide grants to small businesses suffering substantial economic injury because of COVID-19;
  • provide grants to small business development centers, women's business centers, and chapters of the Service Corps of Retired Executives for specified purposes;
  • reimburse grant recipients under the State Trade Expansion Program for an amount of losses related to COVID-19;
  • provide SBA resources and services in the 10 most commonly spoken languages, other than English, in the United States, including Mandarin, Cantonese, Japanese, and Korean.

In addition, the SBA may make economic injury disaster loans to small businesses in response to COVID-19 and waive certain requirements on such loans.

The bill also

  • temporarily increases guarantee amounts and loan sizes for certain SBA loans, temporarily waives or reduces certain fees on SBA loans, and permanently waives the guarantee fee on SBA loans for veterans;
  • revises the Microloan Program;
  • provides additional leverage for small businesses affected by COVID-19;
  • reestablishes the New Markets Venture Capital Program; and
  • requires a federal agency to provide additional performance time to small business contractors and to pay such contractors regardless of delay due to COVID-19.
What's happening now March 19, 2020

Referred to the House Committee on Small Business.

 Related & companion bills 14
  • HR 6320 Related bill Small Contractor Stability Act of 2020
  • HR 6367 Related bill Entrepreneurial Development COVID–19 Response Act of 2020
  • HR 6268 Related bill SBA Business Stabilization Direct Loan Program Act of 2020
  • HR 6291 Related bill Microloan Emergency Assistance Act of 2020
  • HR 6303 Related bill Increasing Access to Capital Act of 2020
  • HR 6304 Related bill Small Business Repayment Relief Act of 2020
  • HR 6307 Related bill Easing Disruption for America’s Small Contractor Act of 2020
  • HR 6341 Related bill Small Business Relief Guaranteed Loan Program Act of 2020
  • HR 6342 Related bill SBIC Capital Infusion Act of 2020
  • HR 6349 Related bill Continuity of Business Operations Support Act of 2020
  • S 3519 Related bill A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed un…
  • HR 6343 Related bill Small Business COVID–19 Recovery Grants Act of 2020
  • HR 6344 Related bill Expediting the EIDL Program Act of 2020
  • HR 6345 Related bill STEP Reimbursement Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
ENGEL, ELIOT
· Mar 23, 2020
 D
Evans, Dwight
Pennsylvania · Mar 23, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6312: COVID–19 Relief for Small Businesses Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6312/
MLA
"H.R. 6312: COVID–19 Relief for Small Businesses Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6312/.
Bluebook (legal)
H.R. 6312, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6312/.
Markdown link
[H.R. 6312: COVID–19 Relief for Small Businesses Act of 2020](https://openamerica.io/bill/116-HR-6312/)
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