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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
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
May 15, 2020
Referred to the House Committee on Small Business.
May 15, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

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 May 15, 2020

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6888: 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.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6888/
MLA
"H.R. 6888: 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.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6888/.
Bluebook (legal)
H.R. 6888, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6888/.
Markdown link
[H.R. 6888: 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.](https://openamerica.io/bill/116-HR-6888/)
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