Skip to main content
HR 7522 116th Congress House Commerce Government lending and loan guarantees Interest, dividends, interest rates Small business

To establish the Small Business Economic Assistance Program.

Introduced: July 9, 2020 Introduced by: Gallego, Ruben Democratic · Arizona See on congress.gov
Sign in to write a letter Sign in to watch
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
Jul 9, 2020
Referred to the House Committee on Small Business.
Jul 9, 2020
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

This bill establishes the Small Business Economic Assistance Program to provide financial assistance to certain small businesses.

Among other eligibility requirements, a small business must have (1) more than 1 but fewer than 50 employees, (2) not received a payment under the Paycheck Protection Program, and (3) been established prior to January 1, 2020.

Such assistance shall consist of a financial assistance payment equal to $5,000 per employee, at least 80% of which the recipient shall use for employee compensation. The remaining amounts shall be used for business costs such as rent, mortgage payments, or utility payments.

What's happening now July 9, 2020

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7522: To establish the Small Business Economic Assistance Program.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7522/
MLA
"H.R. 7522: To establish the Small Business Economic Assistance Program.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7522/.
Bluebook (legal)
H.R. 7522, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7522/.
Markdown link
[H.R. 7522: To establish the Small Business Economic Assistance Program.](https://openamerica.io/bill/116-HR-7522/)
Report a problem