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HR 6679 116th Congress House Commerce Business investment and capital Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Health technology, devices, supplies Infectious and parasitic diseases Manufacturing Small business

To amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.

Introduced: May 1, 2020 Introduced by: Kelly, Trent Republican · Mississippi 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
May 1, 2020
Referred to the House Committee on Financial Services.
May 1, 2020
Introduced in House
 Plain-English summary Congressional Research Service

This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees.

Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.

What's happening now May 1, 2020

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1