HR 6817
116th Congress
House
Finance and Financial Sector
Appropriations
Banking and financial institutions regulation
Cardiovascular and respiratory health
Department of the Treasury
Emergency medical services and trauma care
Executive agency funding and structure
Government lending and loan guarantees
Infectious and parasitic diseases
Minority and disadvantaged businesses
Rural conditions and development
Small business
Wages and earnings
To establish a payroll loan facility for small financial institutions affected by COVID-19, and for other purposes.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2020
Referred to the House Committee on Financial Services.
May 12, 2020
Introduced in House
Plain-English summary
This bill provides specified funds to the Department of the Treasury to establish a payroll loan facility that provides loans to small financial institutions. These loans must offer, to the maximum extent practicable, benefits and assistance similar to the Paycheck Protection Program created in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Treasury must also establish a loan forgiveness program for these loans.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1