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S 3519 116th Congress Senate Commerce Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Cardiovascular and respiratory health Credit and credit markets Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Interest, dividends, interest rates Minority and disadvantaged businesses Small business Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Women in business

A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan…

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A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.

Introduced: March 18, 2020 Introduced by: Coons, Christopher A. Democratic · Delaware See on congress.gov
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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
Mar 18, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Mar 18, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

This bill requires the Small Business Administration (SBA) to pay the principal, interest, and any associated fees owed on certain loans made to small businesses for a six month period.

The SBA must also encourage the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and state bank regulators to not require lenders to increase their reserves on account of receiving such payments made by the SBA. The SBA shall waive statutory limits on maximum loan maturities for certain loan durations where the lender provides a deferral and extends the maturity of such loans and, when necessary to provide more time because of difficulties during the COVID-19 (i.e., coronavirus disease 2019) pandemic, extend lender site visit requirements.

What's happening now March 18, 2020

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Related & companion bills 4
  • HR 748 Related bill CARES Act
  • HR 6312 Related bill COVID–19 Relief for Small Businesses Act of 2020
  • HR 6379 Related bill Workforce Emergency Response Act of 2020
  • HR 6304 Related bill Small Business Repayment Relief Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 11 Republican 1 Independent 1
R
Daines, Steve
Montana · Mar 22, 2020
 D
Murray, Patty
Washington · Mar 22, 2020
 D
Van Hollen, Chris
Maryland · Mar 22, 2020
 D
Cantwell, Maria
Washington · Mar 19, 2020
 D
Duckworth, Tammy
Illinois · Mar 18, 2020
 D
Gillibrand, Kirsten E.
New York · Mar 18, 2020
 D
Hassan, Margaret Wood
New Hampshire · Mar 18, 2020
 D
Hirono, Mazie K.
Hawaii · Mar 18, 2020
 I
King, Angus S., Jr.
Maine · Mar 18, 2020
 D
Klobuchar, Amy
Minnesota · Mar 18, 2020
 D
Markey, Edward J.
Massachusetts · Mar 18, 2020
 D
Shaheen, Jeanne
New Hampshire · Mar 18, 2020
 D
Wyden, Ron
Oregon · Mar 18, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3519: A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-S-3519/
MLA
"S. 3519: A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3519/.
Bluebook (legal)
S. 3519, 116th Cong. (2026), https://openamerica.io/bill/116-S-3519/.
Markdown link
[S. 3519: A bill to authorize the Administrator of the Small Business Administration to subsidize payments on loans guaranteed under the 7(a) and 504 loan programs or made using funds under the microloan program, and for other purposes.](https://openamerica.io/bill/116-S-3519/)
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