HR 6888
116th Congress
House
Commerce
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business expenses
Business records
Cardiovascular and respiratory health
Community life and organization
Credit and credit markets
Department of the Treasury
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Small Business Administration
Small business
Wages and earnings
To modify requirements relating to the participation of community development financial institutions in the paycheck protection program of the Small Business Administration, and for other purposes.
Introduced: May 15, 2020
Introduced by:
Adams, Alma S.
Democratic
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 2020
Referred to the House Committee on Small Business.
May 15, 2020
Introduced in House
Plain-English summary
This bill authorizes community development financial institutions to make loans under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
The bill also allows the Small Business Administration and the Department of the Treasury to revoke a lender's authority to make paycheck protection loans upon a joint determination that (1) the lender has had recent material operational shortcomings that warrant such a revocation, and (2) the revocation is consistent with the purpose of the program.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1
Cosponsors
1