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HR 6547 116th Congress House Commerce Cardiovascular and respiratory health Civil actions and liability Emergency medical services and trauma care Fraud offenses and financial crimes Government lending and loan guarantees Infectious and parasitic diseases Small business

To modify terms related to the economic injury disaster loan program of the Small Business Administration for applicants affected by COVID-19, and for other purposes.

Introduced: April 17, 2020 Introduced by: Roy, Chip Republican · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2020
Referred to the House Committee on Small Business.
Apr 17, 2020
Introduced in House
 Plain-English summary Congressional Research Service

This bill increases the maximum loan amount for a small business disaster loan made in response to COVID-19 (i.e., coronavirus disease 2019), and it requires the Small Business Administration to expedite the loan approval process for such loans.

The fine for a conviction relating to a fraudulent claim for the payment or approval of such a loan shall be three times the amount of the loan.

What's happening now April 17, 2020

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1